Associate General Counsel, Regulatory, Debit (Remote Friendly)
Mission Lane LLC is a fintech on a mission (no pun intended) to increase access to financial tools that help people thrive. We are raising the bar on fair credit access, easy money management, and convenient income discovery. Our philosophy is simple: when our customers do well, we do well. And we have only just begun.About This RoleMission Lane seeks an experienced consumer financial services regulatory attorney to join us in our Richmond, Virginia office or to work remotely. (Remote candidates should be willing to travel occasionally).The Associate General Counsel will leverage keen legal knowledge of the consumer debit card and payments businesses and the fintech industry to help build, expand and grow the Company's debit card business and related initiatives. The Associate General Counsel will also collaborate with various Mission Lane business and functional partners as well as other members of the Legal team in delivery of legal services and identification and mitigation of compliance and reputational risks.This position reports to the General Counsel located in Richmond, Virginia. Remote candidates wilAs the Associate General Counsel, your day-to-day responsibilities will include: Provide prompt, proactive, practical and strategic advice on a variety of legal issues with a primary focus on the debit card business, including as relates to drafting and review of disclosures and terms for consumer debit card products, interpreting applicable legal requirements, supporting negotiations of third-party contracts with bank sponsors, service providers and technology partners, and reviewing legal issues associated with the expansion and integration of business initiativesConduct legal research and draft formal and informal correspondence and memorandaPartner with the business to develop and implement new initiatives to enhance products, services and customer experiencesMonitor and interpret relevant legal and regulatory developments that may impact the Company and proactively advise on potential risks, spot legal and regulatory issues, and assist with operationalizing and implementing compliant products and servicesCollaborate with business and risk/compliance partners to draft and update business policies and procedures, necessary legal documents, and consumer or regulator communicationsMaintain a high level of professionalism, outstanding business judgment and strategic thought/growth-minded leadership and innovative approaches to legal issues that align with business initiatives and objectivesProvide counsel on applicable licensing requirementsPerform additional duties and assists with special projects as assignedEngage and manage outside counsel as appropriate to ensure timely adviceTo be considered for this position, the minimum qualifications you must have include: JD from an ABA accredited law schoolCurrent bar license and in good standing to practice law7+ years experience practicing in a large law firm or fintech/neobank in-house environment with concentration on consumer debit card regulatory practice Solid working knowledge of laws, regulations and industry rules that apply to debit cards (eg Electronic Fund Transfers Act (EFTA)/Reg E, BSA/AML/OFAC, Durbin Amendment,/Reg II, NACHA Operating Rules and Payment Network Rules) and consumer financial products generally (eg, FCRA/Reg V, TILA/Reg Z, ECOA/Reg B, UDAAP, BSA/AML, SCRA, GLBA, TCPA, FDCPA and state privacy and servicing/debt collection laws)Familiar with debit card account originations and issuance, review of marketing and consumer disclosures, digital applications and wallets, servicing, payment processing, consumer privacy and information securityExcellent computer-assisted research and analytical skills with a focus on problem solvingWell-organized, proactive self-starter able to prioritize and handle multiple projects simultaneously with competing and changing deadlinesExcellent oral and written communication and interpersonal skills and ability to effectively present information to and interact with all levels of managementDisplays growth mindset and a high-degree of mature, self-direction and ability to work independently or as part of a teamIndependent thinker with strong analytical skills and ability to make sound decisions in fast-paced environmentAble to effectively prioritize work and business needs and adapt to change/resilientDemonstrates strong sense of ethics and integrityProficient with basic computer applications, including Google Suites and Microsoft Office productsAble to participate in periodic overnight travelAdditionally, We Are Looking ForMost recent experience includes 5+ years advising on regulatory requirements applicable to debit card productsAble to draft and negotiate commercial agreements with technology partners and service providersBased in Virginia is a plusMore About Mission LaneMission Lane is based in the US, with offices in Richmond, Virginia & San Francisco, California. Founded in December 2018, we've rapidly grown to over 1 million customers.It all started with a realization: nearly fifty percent of the adult population in the US doesn't have access to a clear line of credit. And by "clear" we mean credit without crazy fees that only increase debt. Most traditional credit card companies either overlook or overcharge this group because they have less-than-prime credit scores or no score at all. We decided this just wouldn't do.We understand that everyone doesn't have the same opportunities. We also know that everyone joins us at different stages of their financial journeys. Providing access to clear credit was a critical first step, but our work isn't done. We are actively developing new products designed to meet our customers where they are, according to their needs.We get it - life happens. That's why Mission Lane is hard at work paving a better way forward.Just like for our customers, Mission Lane creates opportunities for our employees to learn, grow, and prosper. We strive to create an environment that brings out the best in everyone, everyday.Mission Lane is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law.Mission Lane is not currently sponsoring new applicant employment authorization for this position. And please, no third party recruiters.