Senior Counsel, Product

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

Job summary

Join a forward-thinking company as a Product Lawyer, where you'll support innovative financial products that empower consumers. In this role, you'll engage with cross-functional teams to navigate complex consumer financial laws and regulations, ensuring compliance while fostering creativity in legal problem-solving. This is your chance to make a significant impact in the evolving landscape of consumer finance, all while enjoying a flexible work environment that prioritizes your well-being and professional growth. If you have a passion for improving credit products and a collaborative spirit, this opportunity is perfect for you.

Benefits

100% subsidized medical coverage

Flexible Spending Wallets

Competitive vacation and holiday schedules

Employee stock purchase plan

Qualifications

• 6+ years of experience in business, government, or fintech, focusing on Payments and Consumer Credit.
• Established expertise in consumer credit lifecycle, including underwriting and collections.

Responsibilities

• Counsel on consumer financial services laws affecting products and services.
• Monitor legal developments in consumer lending and servicing.

Skills

Legal Analysis

Consumer Financial Services Laws

Project Management

Critical Thinking

Creative Problem Solving

Education

Qualified Lawyer

5+ years PQE

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

• 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. Advise on relevant financial regulatory requirements: including PSD2, AML/KYC, EU Directive and Dutch Consumer Rights laws. e.g. PSD2, AMLD, CBPR2, MTRs, DORA, SCA)
• Foundational legal and regulatory frameworks that cover payments, e-commerce, and online platforms
• Support Affirm’s origination and servicing of loan and payment products
• Provide strategic advice regarding EU consumer finance and protection laws
• Monitor legal and regulatory developments in consumer lending and servicing
• Be a trusted advisor and teammate, sharing legal and other expertise and support when needed
• Identify and evaluate business and legal risks and act as a trusted partner for creative legal problem-solving
• Draft terms and conditions, disclosures, review copy
• Create and solve initiatives related to new and existing Affirm products to ensure business partners are supported

What We Look For

• Ideal candidate will have 6+ years of related business, government, or fintech experience, preferably with a focus on Payments, Consumer Credit, Banking, or BNPL
• Relevant education. You’re a qualified lawyer with a minimum of 5 years PQE, and ideally 7 years of professional legal experience
• Someone who has established expertise in all areas of the consumer credit lifecycle, including originations, underwriting, licensing, KYC/AML, servicing, credit reporting, & collections
• A combination of private practice and in-house experience is preferred
• A quick learner who genuinely enjoys legal analysis and collaboration in a fast-paced environment - you take your work seriously, but don’t take yourself too seriously
• Experience developing creative approaches to legal challenges while providing business-focused legal advice
• Inquisitive and proactive in identifying risks and proposing creative and effective solutions
• Strong project management, critical thinking, creativity, and analytical skills
• Someone focused on maintaining positive relationships and trust with cross-functional business partners
• 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 which is based on a variety of factors, including location, experience and job-related skills.

Base pay is part of a total compensation package that may include monthly stipends for health, wellness and tech spending, and benefits (including 100% subsidized medical coverage, dental and vision for you and your dependents). In addition, the employees may be eligible for equity rewards offered by Affirm Holdings, Inc. (parent company).

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

#LI-Remote

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. A limited number of roles remain office-based due to the nature of their job responsibilities.

We’re extremely proud to offer competitive benefits that are anchored to our core value of people come first. Some key highlights of our benefits package 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.

[For U.S. positions that could be performed in Los Angeles or San Francisco] Pursuant to the San Francisco Fair Chance Ordinance and Los Angeles Fair Chance Initiative for Hiring Ordinance, Affirm will consider for employment qualified applicants with arrest and conviction records.

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