As Product Counsel, you will have a broad range of responsibilities providing legal guidance on product and feature development. You will also be our compliance lead providing company-wide advice related to anti-money laundering obligations, payments, and business lending operations. This role requires both a passion for designing products and an adherence to building a strong regulatory compliant framework.  You will be providing strategic legal and regulatory advice to the company while helping us bring our products to market and sign customers. 

✨ Why work with us?

• You will get the chance to be an early team member at a fast-growth YC startup. We truly believe that it’s slope — not where you start but how fast we are growing and iterating

• We are growing fast and well-funded. This is a once-in-a-lifetime opportunity to join our rocketship at an inflection point!

• We’re a tight-knit, intense team, where you’ll learn a ton and have ownership

• Work with seasoned second-time founders

💎 What you’ll do

• Provide guidance to product and engineering teams on issues related to all products and features throughout the entire product development lifecycle

• Provide pragmatic, actionable advice on requirements for existing and new products

• Draft terms of service and commercial agreements related to our products and services

• Cultivate creative ideas and insights into how legal frameworks can support new product developments and customer experiences

• Advise on product and marketing collateral, customer communications, and disclosures

• Manage regulatory examinations and audits 

• Policies & Procedures - develop and maintain the compliance policies and procedures required by the credit framework, in order to support lending

• Provide strategic insight for Operations as they build support for lending workflows

• Provide reporting required by the compliance framework

• Train employees and partners with respect to the compliance required for lending and payments

• Case manage customer compliance complaints related to lending and provide formal responses to such matters 

• Manage state licenses and the relationship with the state regulators

• Manage all monthly testing and reporting to the Partner Bank 

📈 Requirements

• 8+ years of combined, relevant experience in law firms or in-house fintech / software legal departments

• Business credit background a plus

• Demonstrated solution-oriented business and compliance judgment

• Excellent commercial negotiation and drafting skills

• Experience with product development and advising on laws and regulations applicable to technology

• Familiarity with ECOA, RegZ, FCRA, FDCPA, UDAAP, Truth in lending, True lender consideration

• Excellent communicator both internally and externally, with ability to break down complex regulatory requirements into easy-to-understand and practical advice

• Basic understanding of AML and sanctions programs, including applicable U.S. legislation