The General Counsel is our client’s senior legal executive, owning all legal matters and holding executive oversight of the compliance function. The role reports to the Chief Executive Officer and, at the Board’s request, reports directly to the Board on legal, regulatory and compliance matters.
Our client operates in a regulated financial services environment shaped by bank partnerships, payments and consumer financial protection rules, and fast-moving product development. The General Counsel is responsible for leading and overseeing a legal and compliance function that enables the business move quickly while staying fully compliant and exam-ready.
Legal Responsibilities
- Serve as chief legal advisor to the CEO, the Board and the senior leadership team on all legal matters affecting the business.
- Monitor and interpret applicable laws and emerging developments, translating them into clear business guidance.
- Identify, assess and mitigate legal, regulatory and reputational risks, counseling senior leadership on practical solutions and engaging specialized outside counsel as needed.
- Lead all corporate, commercial, transactional, employment, intellectual property and other legal matters, including the negotiation, drafting and review of material contracts, agreements and related documentation.
- Partner with product teams to review new products, features and marketing prior to launch.
- Guide privacy and data protection compliance, working closely with the Head of Compliance and coordinating with internal teams on incident response.
- Manage and oversee litigation, disputes, investigations and regulatory matters, including any related governmental inquiries.
- Select, engage and supervise outside counsel, and own the associated legal budget.
Compliance Oversight
The General Counsel provides executive oversight of our client’s compliance program, working closely with the Head of Compliance, who leads day-to-day compliance operations.
- Oversee the compliance program, including policies, training, monitoring and remediation, in close coordination with the Head of Compliance.
- Anticipate legal and compliance risk and put guardrails in place before launches. Support regulatory examinations and bank partner audits.
- Build credible relationships with regulators and bank partners and advise on how regulatory frameworks apply to our client’s business.
- Give executive team and Board clear guidance on compliance risk, trade-offs and practical next steps, and report to Board on compliance matters as requested.
Leadership, Ethics and Culture
- Serve as a member of the executive leadership team and contribute to company strategy beyond legal matters.
- Promote a culture of integrity, ethics and compliance; own the Code of Conduct, whistleblower and speak-up channels, and conflicts-of-interest processes.
- Escalate to the CEO material legal or compliance concerns and, where appropriate, directly to the Board, independent of business pressure.
- Build, lead and mentor a high-performing legal and compliance team sized to their stage.
Qualifications and Experience
Required
- J.D. from an accredited law school; active bar membership in good standing in at least one U.S. state.
- 8+ years of legal experience, including substantial in-house experience at a fintech, bank, payments company or other regulated financial services business.
- Deep working knowledge of consumer financial services regulation, BSA/AML and sanctions, and bank partnership models.
- Track record managing regulatory examinations, inquiries or enforcement matters. Strong commercial negotiation experience, including bank or payments partnership agreements. Judgment to give practical, risk-calibrated advice and the confidence to say no when needed.
Preferred
- Prior senior level role at a venture-backed or high-growth fintech.
- Experience building a legal or compliance function from early stage.
- Familiarity with cryptocurrencies, digital assets, stablecoins, and blockchain-based payment solutions, including related legal and regulatory considerations.
- Experience with state money transmission, lending licensing, and debt collection. Experience with consumer and financial regulators.