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Enova

ML-powered online lending platform

Assistant General Counsel, Transactional Law/Contracts

Full-TimeUpdated on 10/23/2026
$122k - $165k/yr+ Bonus + Restricted stock units
Senior
JD
Chicago, IL, USA
HybridHybrid schedule: in office Tuesday–Thursday; remote Mondays and Fridays.
LegalLegal Counsel & Legal Support
No H1B Sponsorship

About the job

Requirements
  • A Juris Doctorate from an accredited law school and active bar membership in good standing are required.
  • At least 5 years of relevant transactional experience at a well-regarded law firm and/or in-house legal department are required.
  • Contract and legal analysis skills, organization, attention to detail, and the ability to translate legal risk into practical, business-ready recommendations are required.
  • Experience in financial services, banking, or another related regulated industry is preferred.
  • The candidate should be a self-starter with strong organizational skills and keen attention to detail, able to manage high-volume, time-sensitive work and confidently set expectations with stakeholders.
  • The candidate must be able to work independently and collaboratively.
  • The candidate must be adaptable and willing to quickly develop new areas of expertise.
  • Enthusiasm for and comfort with leveraging AI-powered tools, such as automated research and document analysis, to enhance legal work product and operational efficiency are required.
Responsibilities
  • Review, draft, and negotiate a range of commercial, financial services, and technology-related contracts, including strategic partnerships, intercompany services, vendor and licensing agreements, professional services agreements, and nondisclosure agreements.
  • Advise and educate business partners on negotiating and structuring terms and resolving contractual disputes to manage risk proactively while enabling commercial speed.
  • Serve as a subject matter expert on legal issues affecting business transactions, including intellectual property, privacy, data security, limitations of liability, indemnification obligations, and specialized financial services regulations.
  • Own and modernize the contract lifecycle management program, championing the integration of artificial intelligence tools and automated workflows to improve productivity and effectiveness.
  • Partner with vendor management and the Third-Party Risk team to guide business partners through diligence and contracting, and support post-signing management of vendor and partner relationships.
  • Assist with other transactional matters, including strategic partnerships, mergers and acquisitions, capital markets, and employment law matters, as needed.
  • Work with the Contracts Paralegal on contract-review administrative matters, including maintaining the vendor contract queue and handling other administrative issues.
  • Liaise with regulatory counsel and compliance to ensure compliance with applicable laws and regulations.
  • Manage outside counsel on corporate and transactional matters as necessary to accomplish legal and compliance objectives.
Desired Qualifications
  • In-house experience working directly with business partners is a plus, but is not required.

About the company

Enova is a financial technology company that provides online lending options for non-prime consumers and small businesses. It uses a machine learning-powered platform to evaluate credit risk and manage loans, enabling fast and accessible credit beyond traditional banks. Its products include personal loans, small business loans, and lines of credit, which are funded directly and in partnership with traditional banks that use Enova’s technology to extend credit to more customers. This approach helps people and small businesses that are often underserved by banks stay financially supported. Enova differentiates itself by focusing on underserved borrowers, using data-driven credit decisions, and maintaining a diversified revenue mix from interest and fees. Its goal is to expand access to trustworthy credit, helping customers cover emergencies and grow their businesses while collaborating with banks to widen lending options.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

Chicago, Illinois

Founded

2004

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Simplify's Take

What believers are saying

  • Q2 2026 revenue reached $929 million, up 22%, with originations up 27%.
  • Enova raised 2026 guidance on July 23, 2026, despite withdrawing Grasshopper applications.
  • August 14, 2026 Enova upsized its revolver to $300 million, lowering borrowing costs.

What critics are saying

  • September 14, 2026 Enova killed the Grasshopper bank deal, destroying charter economics.
  • Twenty state attorneys general targeted Enova’s bank-partnership model; federal scrutiny now intensifies.
  • September 2026 shareholder investigations create disclosure risk; prolonged litigation can pressure management and multiples.

What makes Enova unique

  • Enova’s machine-learning underwriting spans consumer and SMB lending across multiple countries.
  • OnDeck and consumer products give Enova diversified origination channels and funding structures.
  • September 25, 2026 securitization shows Enova can monetize loans through repeatable capital markets.

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Benefits

  • Advance your career - We have a dedicated training team focused on giving you the tools you need to succeed within your department, within the company and in your career. The focus starts day one with a robust onboarding program and continues throughout your career at Enova.
  • See the benefits - Full-time employees receive medical, dental and vision benefits; matching 401(k); PTO; commuter benefits; flexible spending accounts for health care and dependent daycare; and more!
  • Be recognized - There’s plenty of room for both lateral and upward movement here at Enova. We’re always interested in promoting from within, and we keep a lookout for top talent who are ready to advance.
  • Get your perks - Full-time employees can receive tuition reimbursement, one-month paid sabbatical after four years, discounted massages, manicures and other perks.
  • Give back - We work throughout the year to partner with local charities and assist our neighbors in need. We also offer a charitable match program — allowing team members to double their impact when they donate money to charity.
  • Have fun - We like challenges here; maybe that’s why we have so many games, competitions and outings. There are a number of ways you can scratch your competitive itch and have fun!

Growth & Insights and Company News

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PR Newswire
Oct 22nd, 2026
Enova Q3 revenue climbs 26% to a record $1.01B as net income jumps 34% to $107M

Enova International reported third quarter 2026 revenue of $1.01 billion, up 26% from $803 million a year earlier. It was the first quarter in the company's history with revenue above $1 billion. Net income rose 34% to $107 million, or $4.06 per diluted share. Adjusted earnings per share climbed 33% to $4.48, and adjusted EBITDA grew 23% to $269 million. Originations rose 31% to $2.6 billion. Combined loans and finance receivables increased 30% to a record $5.9 billion. The net charge-off ratio fell to 8.1% from 8.5%. Liquidity totalled $1.3 billion at September 30. Enova repurchased $46 million of common stock and began the fourth quarter with $252 million of repurchase capacity.

Yahoo Finance
Oct 21st, 2026
Blue Tower says Enova's failed Grasshopper Bank deal hurt Q3 as it eyes South Korea

Blue Tower Asset Management said Enova International's abandoned merger with Grasshopper Bank, along with regulatory delays and political opposition, weighed on its third-quarter performance. Its Global Value composite returned 0.54% net in the quarter and 21.50% year to date, driven by energy investments. Enova announced the deal on December 11, 2025. It would have paired Enova's online lending platform with a national bank charter and low-cost deposits, cutting funding costs. The deal needed approval from the Office of the Comptroller of the Currency and the Federal Reserve. Blue Tower says Enova's standalone business remains strong, with second-quarter revenue growth of 22%. The shares closed at $179.45 on October 20, 2026, giving Enova a market capitalisation of $4.47 billion. The letter also details Blue Tower's move into South Korean small-cap equities, following corporate governance reforms.

Pluang
Oct 20th, 2026
Investigation launched into Enova over withdrawn bank acquisition and stock drop.

Investigation launched into Enova over withdrawn bank acquisition and stock drop. Market News 20 Oct 2026 GlobeNewsWire Pomerantz LLP is investigating Enova International for potential securities fraud after the company withdrew its application to acquire Grasshopper Bancorp, which would have made it a bank holding company. Enova cited unclear regulatory standards and political pressures as reasons for the withdrawal. Following this announcement, Enova's stock price fell sharply by 23.43%. The investigation aims to determine if Enova and its executives engaged in unlawful business practices affecting investors. Enova International, Inc. is the subject of an investor investigation. For readers following Financials, here is Pluang's market snapshot as of Oct 21, 2026 02:31 WIB: Out of 142 priced Financials-sector US stocks, 124 rose and 18 fell. Notable movers include FNB at USD 17.57 (+3.60%), XP at USD 31.30 (+3.44%), and BBD at USD 4.08 (+3.43%) with BBD showing 0% Sell / 100% Buy order activity and a typical hold time of 6 days on Pluang.

Kalkine Media
Oct 13th, 2026
Enova subsidiary amends $200M credit facility, extending revolving period to 2028

Enova International said on October 13, 2026, that its indirect subsidiary, NetCredit Receivables 2022, LLC, signed a fourth amendment to its Note Issuance and Purchase Agreement. The amendment covers a $200 million credit facility, according to a Form 8-K filing. Borrowings carry an interest rate of SOFR plus 4.00%, with a funding rate of 90%. The revolving period ends on October 15, 2028, and the facility matures on October 15, 2030. Jefferies Funding LLC is administrative agent and initial note purchaser. Citibank, N.A. is collateral and paying agent. The original agreement dates from October 21, 2022.

PR Newswire
Oct 8th, 2026
OnDeck launches AI-powered approval system for small business loans in under a minute

OnDeck, part of Enova International, has launched automated final-decisioning for small business loan applications. The AI-powered verification system, combined with machine learning, can deliver real-time decisions in under a minute, reducing approval times from several hours. Initially rolled out to existing customers, the capability is now available to new applicants across all channels. Qualified applicants can receive stipulation-free approvals, allowing them to proceed directly to funding without submitting additional documents. OnDeck's latest Small Business Cash Flow Trend Report, conducted with Ocrolus, found that 61% of small businesses now use AI, with 91% reporting positive impacts. The report also revealed that 75% of small businesses seek working capital beyond traditional banks. OnDeck will showcase the automated lending approach at Money20/20 and B2B Finance Expo later this month.