Product Counsel, Payments

Plaid

2d•$160,320 - $249,600

About The Position

We are seeking a highly skilled and experienced Product Counsel to join our legal team, bringing expertise in advising on Payments laws and their application to novel open banking and payments products. As a crucial member of Plaid’s Product Legal team, you will play a pivotal role in ensuring compliance and guiding the development of our cutting-edge products. Your insights and legal acumen will be instrumental in navigating the complex regulatory landscape and shaping the future of our offerings. You’ll operate as an embedded member of the product team and be trusted to be a key legal, business, and strategic advisor on complex legal, regulatory, and data privacy questions. The ideal candidate is highly collaborative, inquisitive, and solutions-oriented with prior experience advising at a payments-focused fintech, payment processor, bank (with consumer payments or bank-based payments focus) or similar organization. This candidate will possess a deep understanding of payments laws–ideally some combination of Nacha rules, Reg E, Third Party Sender obligations, to name a few–and their implications for the fintech industry. They love collaborating with cross-functional teams to integrate legal requirements into product development processes. They are comfortable presenting to executives, and love rolling up their sleeves and working through both small and large product or regulatory nuances. We are looking for a proactive individual who thrives in a fast-paced environment and is passionate about driving innovation while maintaining regulatory compliance. If you’re interested in a forward-thinking role within an ambitious and dynamic company, and pride yourself on seeing around corners and connecting dots, we’d love to talk to you!

Requirements

Juris Doctor (JD) degree from an accredited law school with an active license to practice law
6-8+ years of legal experience
Strong familiarity with some combination of: Nacha operating rules, BSA/AML regulations, Reg E and other consumer protection laws (e.g. UDAAP), Third Party Sender requirements, Money Transmission Laws, RTP Network Rules, and Payment Card Network rules.
Strong understanding of data protection and privacy laws, including GLBA.
Experience negotiating, advising on, and managing the risks of complex commercial agreements with partner banks, payment processing vendors, and other payments-related service providers
Creative thinking about interpreting and applying the law in unsettled contexts

Responsibilities

Provide expert legal advice and guidance on matters related to fintech payments and consumer protection activities
Collaborate with cross-functional teams, including product, engineering, compliance, and product marketing to integrate legal considerations into the product lifecycle
Assist go-to-market and commercial counsel in deals, ensuring legal compliance and mitigating potential risks
Stay abreast of changes in relevant laws and regulations, and ensure proactive adjustments to company policies and procedures
Draft and review legal documents and disclosures related to consumer reporting and data protection
Work closely with external legal counsel when necessary and represent the company in regulatory discussions