Product Counsel - Banking

AngelList•New York City, NY

2d•Hybrid

About The Position

AngelList is hiring a Product Counsel to lead legal for its newest financial products. AngelList has built banking infrastructure that already powers $171B+ in assets and is now scaling this infrastructure into a new suite of banking, payments, investment, and credit products for funds, GPs, and the LPs who back them. The Product Counsel will structure new offerings with product, engineering, and compliance; define the regulatory perimeter across bank partnerships, credit, and securities; negotiate with sponsor banks and vendors; and write the terms and disclosures. This role will partner directly with the general manager and executive team, and their judgment will shape what the company ships.

Requirements

10+ years of legal experience, with meaningful time as the lead on financial products: GC, deputy GC, or head of product legal at a fintech.
Deep fluency in bank partnership programs, payments, money transmission, and lending regulation.
Working knowledge of securities law as it applies to investment products (Advisers Act, broker-dealer regulation, or fund structures).
A builder's track record: you've taken regulated financial products from zero to launch, and you like operating as the only lawyer in the room.
Pragmatic judgment: you quickly translate regulatory ambiguity into clear product decisions and defensible risk calls.
Crisp, concise communication with engineers, product managers, bank partners, and regulators alike.

Responsibilities

Own the legal design of each new product for banking, payments, investment and credit.
Negotiate with the sponsor banks, payment processors, card networks, and lenders.
Draft terms, disclosures, and product agreements.
Partner with Compliance to build and maintain controls, guardrails and support models for new products.
Give the general manager and executives clear recommendations and alternatives on risks and tradeoffs.
Serve as the escalation point for regulators, bank partners, and outside counsel.