Senior Counsel, Product

Affirm; United Kingdom; Remote; GBP 127,000 - 167,000; Full time

Job summary

An innovative firm is seeking a dynamic product lawyer to join its legal team. This role involves providing strategic legal counsel on consumer financial services regulations, supporting the lifecycle of BNPL loans, and engaging in creative problem-solving. The ideal candidate will have extensive experience in consumer credit, a strong understanding of regulatory compliance, and a passion for enhancing consumer financial products. Join this forward-thinking company and be part of a mission to transform consumer finance while enjoying the flexibility of remote work and a supportive work environment.

Benefits

Health care coverage

Flexible Spending Wallets

Competitive vacation and holiday schedules

Employee stock purchase plan

Qualifications

• 6+ years of experience in fintech, focusing on Payments and Consumer Credit.
• Qualified lawyer with a minimum of 5 years PQE.

Responsibilities

• Counsel on consumer financial services laws affecting products and services.
• Support origination and servicing of loan and payment products.

Skills

Consumer Financial Services Laws

Regulatory Compliance

Legal Analysis

Project Management

Critical Thinking

Creativity

Analytical Skills

KYC/AML

Consumer Credit Lifecycle

Education

Qualified Lawyer

Job description

Affirm is reinventing credit to make it more honest and friendly, giving consumers the flexibility to buy now and pay later without any hidden fees or compounding interest.

We are looking for an energetic and hardworking product lawyer to join our Product Counsel Legal team. This individual will support the servicing and underwriting lifecycle for payments, BNPL loans, including underwriting, servicing, and collections. The best candidate will be flexible enough to engage in a wide range of projects and matters in support of Affirm’s strategic objectives. We are looking for someone who takes their work seriously, but doesn’t take themselves too seriously. If you are an individual with humility, grit, and flexibility, this is the job for you!

Come join us in our mission to change consumer finance through offering honest financial products that improve lives!

What You'll Do

1. Counsel Affirm’s Business teams and other cross-functional stakeholders on relevant consumer financial services laws and regulations affecting new and existing products and services, including the PSD2, Regulatory compliance.
2. Advise on relevant financial regulatory requirements: including PSD2, AML/KYC, EU Directive and Dutch Consumer Rights laws.
3. Support Affirm’s origination and servicing of loan and payment products.
4. Provide strategic advice regarding EU consumer finance and protection laws.
5. Monitor legal and regulatory developments in consumer lending and servicing.
6. Be a trusted advisor and teammate, sharing legal and other expertise and support when needed.
7. Identify and evaluate business and legal risks and act as a trusted partner for creative legal problem-solving.
8. Draft terms and conditions, disclosures, review copy.
9. Create and solve initiatives related to new and existing Affirm products to ensure business partners are supported.

What We Look For

1. 6+ years of related business, government, or fintech experience, preferably with a focus on Payments, Consumer Credit, Banking, or BNPL.
2. Qualified lawyer with a minimum of 5 years PQE, ideally 7 years of professional legal experience.
3. Established expertise in all areas of the consumer credit lifecycle, including originations, underwriting, licensing, KYC/AML, servicing, credit reporting, & collections.
4. A combination of private practice and in-house experience is preferred.
5. A quick learner who enjoys legal analysis and collaboration in a fast-paced environment.
6. Experience developing creative approaches to legal challenges while providing business-focused legal advice.
7. Inquisitive and proactive in identifying risks and proposing creative and effective solutions.
8. Strong project management, critical thinking, creativity, and analytical skills.
9. Focused on maintaining positive relationships and trust with cross-functional business partners.
10. Passion for improving credit products and consumer experiences.

Base Pay Grade

O

Equity Grade

5

Employees new to Affirm typically come in at the start of the pay range. Affirm focuses on providing a simple and transparent pay structure based on various factors, including location, experience, and job-related skills.

GBR base pay range per year: £127,000 - £167,000

Remote Work and Benefits

Affirm is proud to be a remote-first company! The majority of our roles are remote, and you can work almost anywhere within the country of employment. Affirmers in proximal roles have the flexibility to work remotely but will occasionally be required to work out of their assigned Affirm office.

We offer competitive benefits anchored to our core value of putting people first. Some highlights include:

• Health care coverage - Affirm covers all premiums for all levels of coverage for you and your dependents.
• Flexible Spending Wallets - generous stipends for spending on Technology, Food, various Lifestyle needs, and family-forming expenses.
• Time off - competitive vacation and holiday schedules allowing you to take time off to rest and recharge.
• ESPP - An employee stock purchase plan enabling you to buy shares of Affirm at a discount.

We believe it’s on us to provide an inclusive interview experience for all, including people with disabilities. We are happy to provide reasonable accommodations to candidates in need of individualized support during the hiring process.

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