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Beacon Hill’s client, a digital payments platform, is seeking a Product Counsel (Banking) to provide coverage during a leave.
Job Responsibility:
Provide legal guidance to the Banking product and partnerships team on issues related to products and features throughout the entire product development lifecycle
Advise on banking and MTL regulations at both federal and state levels, including consumer protection requirements and disclosure obligations
Develop close, trusted relationships with business partners and stay informed on key product developments
Support the relationship with our bank partner, including participating in regular status calls and reviewing partner-facing communications and materials
Draft and review terms of service, cardholder agreements, legal memos, product policies, and product disclosures
Work closely with other support teams to provide guidance to business partners
Actively cultivate creative ideas and insights into how legal frameworks can support new product developments and customer experiences
Draft and negotiate commercial agreements affecting your products and services
Manage and advance in-progress workstreams to maintain continuity during the coverage period
Requirements:
Juris Doctor (JD) degree and active membership in good standing in at least one U.S. jurisdiction
7+ years of combined, relevant experience in law firms, governmental agencies, and/or in-house legal departments
Excellent active listening and communication skills
Fluency translating legal advice into actionable guidance for creative products and collaborators
Ability to quickly adapt and reorient in an evolving regulatory and business environment
Familiarity with launching products and advising on the legal and regulatory aspects of product development in the technology space
Sound, practical business judgment and creativity in solving problems
Ability to ramp quickly and operate independently within an established team and set of workstreams
Nice to have:
Prior experience as product or regulatory counsel at either a bank or a fintech
Prior experience in financial services and payments, and/or card network industry rules and regulations
Experience working with OCC and/or FDIC-regulated bank partners or in a bank partnership model