Full-Time

Associate Commercial Counsel

Posted on 11/20/2024

Array

Array

201-500 employees

Integrates consumer credit and identity data

Fintech
Cybersecurity

Compensation Overview

$115kAnnually

Mid

Remote in USA

Category
Legal
Risk & Compliance
Legal & Compliance
Requirements
  • Juris Doctor (JD) degree required, bar admission and in good standing in at least one state.
  • 3+ years of experience in commercial law, preferably in the fintech, technology, or financial services industry; working knowledge of financial regulations, including banking and consumer protection laws.
  • Experience with contract management systems, preferably Ironclad, and other legal technology tools.
  • Excellent written and verbal communication skills, with the ability to convey complex legal concepts clearly and concisely.
  • Strong organizational skills and attention to detail, with the ability to manage multiple tasks and deadlines effectively.
  • In-house experience at an early stage or high growth start-up.
  • CIPP-US or other relevant privacy certification.
  • Well-versed in key Financial industry regulations (e.g. FCRA, GLB, BSA, etc.).
Responsibilities
  • Draft, review, and negotiate a wide range of commercial agreements, including contracts with clients (banks, credit unions, and other financial institutions) and vendors (technology, data providers, services, etc.).
  • Provide legal support for the company's use of Ironclad for contract management, ensuring compliance and efficiency in workflow processes.
  • Ensure Array’s contractual obligations align with data provider requirements, and comply with applicable laws, rules, and regulations.
  • Collaborate with internal teams to assess legal risks and provide strategic advice for various business initiatives, including product launches, international hiring and partnerships.
  • Stay updated with financial regulations, industry standards, and emerging legal trends that affect the fintech sector.
  • Assist in the development and delivery of legal training programs to educate internal stakeholders on legal best practices and compliance requirements.
  • Contribute to the development and maintenance of standard contract templates, legal policies, procurement processes, and the Array CLM platform to streamline legal operations.

Array integrates consumer credit, identity, and background data into user experiences and marketing funnels for clients in the fintech sector. Their tools, including embedded solutions and software development kits (SDKs), allow for quick integration into client platforms, reducing the typical process from 18 months to just 24 hours. Array operates on a subscription model, simplifying pricing and eliminating the need for Payment Card Industry (PCI) compliance through data tokenization. The company's goal is to enhance user engagement and data security by providing personalized and compliant access to financial data.

Company Stage

Seed

Total Funding

$119.6M

Headquarters

New York City, New York

Founded

N/A

Growth & Insights
Headcount

6 month growth

7%

1 year growth

17%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Array's partnership with Alviere enhances its reach and capability in providing financial wellness and education tools, increasing digital engagement and revenue for clients.
  • The recent $10 million investment from Temasek Family underscores strong financial backing and growth potential.
  • The hiring of Jeff Eastin as Vice President of Business Development signals a strategic focus on expanding business opportunities and client relationships.

What critics are saying

  • The lawsuit for alleged trademark infringement and unlawful competition could result in financial and reputational damage.
  • The competitive fintech landscape requires continuous innovation to maintain a competitive edge, posing a risk if Array fails to keep up.

What makes Array unique

  • Array's headless CMS and Quick Start API drastically reduce integration time from 18 months to just 24 hours, a significant advantage over traditional fintech solutions.
  • The company's subscription-based aggregator model simplifies pricing and eliminates the need for large monthly data commitments, unlike competitors who often require such commitments.
  • Array's tokenization of data removes the necessity for clients to be PCI compliant, streamlining deployment and reducing compliance burdens.

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