Corporate Counsel (Financial Services)

Collectors; United States; On-site; USD 150,000 - 210,000; Full time

Benefits offered by this job

Health Insurance

401K Matching Plan

Paid Time Off

Holiday Pay

Flexible Hours

Employee Discounts

Job summary

Collectors is seeking a Corporate Counsel to serve as the designated legal lead for our growing Financial Services business and payments ecosystems. This is a build role to stand up the bank-originated lending program from the ground up, reporting to the General Counsel from the Santa Ana office.

You will draft commercial and consumer loan agreements, partner agreements, program documents, and governance, while staying current on consumer lending regulation and evolving requirements affecting

Qualifications

• 6+ years of legal experience in fintech, BaaS, or consumer lending.
• In-house experience or advising such companies at a top law firm.
• Comfort advising on novel product structures in fast-moving environments.
• Substantive experience with consumer lending regulation: TILA/Reg Z, UDAAP, FCRA, ECOA, GLBA, state licensing.
• Strong ability to partner with business teams and external counsel.

Responsibilities

• Take primary legal responsibility for Collectors’ lending program, including drafting agreements and governance.
• Partner with outside counsel, consultants, and the Financial Services team on program design and regulatory positioning.
• Draft and maintain disclosures and review marketing materials for compliance.
• Advise on AML/BSA, OFAC, and KYC obligations for lending counterparties and payments flows.
• Embed legal and compliance requirements across the lending lifecycle and payments flows.

Skills

Fintech regulatory knowledge

In-house counseling

Contract drafting

Cross-functional collaboration

Regulatory liaison

AML/BSA regulatory advice

Education

Juris Doctor (JD)

California Bar admission

Job description

• As part of our interview process, we request that candidates have their cameras on during video interviews
• This helps foster meaningful conversation and allows us to create an experience that closely resembles our standard working environment
• Certain interview steps may take place by phone
• For remote roles, and at our discretion, candidates may be asked to participate in an on-site interview as part of the final stages of the process
• We understand there may be occasional circumstances requiring accommodation and are happy to discuss them as needed
• Your recruiter will be able to clarify expectations and answer any questions you have
• We are looking for a Corporate Counsel to serve as the designated legal lead for our growing Financial Services business and our payments ecosystems across business lines partnering closely with other members of our Legal and Financial Services teams
• This is a build role: the right candidate will help stand up the legal infrastructure for a bank-originated lending program from the ground up while continuing to iterate as our business and payments ecosystems grow and scale
• You’ll report to the General Counsel and work from our Santa Ana office
• Take primary legal responsibility for Collectors’ lending program, including drafting commercial and consumer loan agreements, key partner agreements, program documents, and ongoing program governance
• Partner with outside counsel, consultants, and the Collectors Financial Services team on program design and regulatory positioning
• Draft and maintain disclosures and review marketing materials in compliance with applicable laws
• Stay current on developments in consumer lending regulation and emerging requirements affecting program structure
• Advise on AML/BSA, OFAC, and KYC obligations applicable to lending counterparties and payments flows
• Cross-functional partnership to embed legal and compliance requirements across the lending lifecycle and non-lending payments flows

Benefits

• Employee Discounts: Be your own customer. Receive discounts on select grading services for approved submissions.
• 401(K) Matching Plan: Invest in your future with our competitive 401k matching plan.
• Health Insurance: Collectors offers medical, dental, and vision for you and your family’s well being.
• Vacation/Paid Time Off: Enjoy time away from work with paid vacation for full-time employees.
• Holiday Pay: All regular, full-time employees are eligible for 10 company paid holidays.
• Flexible Hours: Flexible schedules with varying shifts are available to accommodate your needs.

6+ years of legal experience, with at least 2-3 years at a fintech, BaaS platform, or other consumer lending company in an in-house legal role or a similar role advising such companies at a top law firmComfortable advising on novel product structures and partnering with business teams in a fast-moving environmentSubstantive experience with consumer lending regulation: TILA/Reg Z, UDAAP, FCRA, ECOA, GLBA, state licensing, and bank partnership program structuresWorking familiarity with payments and money movement concepts (money transmission, stored value/wallets, EFTA/Reg E, card network basics) sufficient to spot issues and partner effectively with business teamsIn good, active standing with the California Bar (or eligible for registered in-house counsel status)Strong organizational skills with the ability to manage multiple workstreams while maintaining qualityA graduate of a top law school with AmLaw100 or other large national law firm experience