Commercial Counsel at Column

San Francisco, California, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Banking, Financial ServicesIndustries

Requirements

6+ years as a practicing lawyer; priority given to candidates with law firm experience in a technology transactions or fintech practice and/or in-house experience at a fintech or financial institution
Ability to independently draft and negotiate commercial agreements, with a strong understanding of both contract law and commercial transactions
Experience with complex commercial negotiations
Comfort with project management, deadlines, and juggling execution across multiple initiatives for multiple stakeholders
Nice to haves: Understanding (inferred from incomplete text)

Responsibilities

Own complex agreements end-to-end: Structure, draft, and negotiate complex customer, vendor, and third-party agreements covering a broad range of banking products and services, including agreements related to payments and money movement services and banking partnerships inclusive of deposit account, card, and lending programs
Build and manage legal playbooks and templates that scale: Develop and maintain templates and inventories of contracts, terms of service, notices, and disclosures for the Bank’s products, services, and distribution channels that enable speed without sacrificing quality
Negotiate: Lead negotiations with high-growth fintechs and enterprise customers, balancing commercial priorities with regulatory requirements
Develop strong cross-functional partnerships: Work closely with the Sales and Business teams to understand the Bank’s goals, strategy, and risk tolerance for each deal in order to develop an efficient and risk-based contracting strategy
Expand into additional areas of law: As the fourth member of our growing Legal team, support each other with novel research, product and regulatory advice, exam management, subpoena responses, litigation deliverables, and corporate governance materials
Help us level up how Legal operates: Serve as a thought partner to the business and legal to support Column's ongoing growth through improvements to bank agreements, policies, and legal processes

Skills

Key technologies and capabilities for this role

Commercial ContractsContract NegotiationRegulatory ComplianceBanking RegulationsFintech LawPartnership StructuringRisk ManagementLegal DraftingComplianceSaaS Agreements

Questions & Answers

Common questions about this position

Is this role remote or in-office?

This is an in-person role with 3-4 days per week expected in the Presidio-based San Francisco office.

What salary or compensation does this role offer?

This information is not specified in the job description.

What key skills are required for the Commercial Counsel position?

The role requires expertise in structuring, drafting, and negotiating complex customer, vendor, and third-party agreements for banking products, developing legal playbooks and templates, leading negotiations with fintechs and enterprise customers, and building cross-functional partnerships with Sales, Risk, and Compliance teams.

What is the company culture like at Column?

Column fosters a builder's mindset in a technology-forward environment, emphasizing innovation in financial services, close collaboration across Sales & Partnerships, Risk, and Compliance teams, and direct impact on scaling banking solutions.

What makes a strong candidate for this Commercial Counsel role?

Strong candidates combine legal acumen with a builder's mindset, have experience architecting novel partnership structures amid complex regulatory requirements, and can balance commercial priorities with risk management in fintech and banking.

Column

API for managing financial transactions

About Column

Column offers an API that enables businesses to manage financial transactions such as ACH transfers, wire transfers, book transfers, and check issuance. The API allows companies to integrate these financial services directly into their systems, making transaction processing more efficient. Column differentiates itself from competitors by focusing on a transaction-based revenue model, charging fees based on the type and volume of transactions processed, which provides a clear and predictable pricing structure for clients. The goal of Column is to streamline financial operations for businesses, ensuring they can handle transactions seamlessly while generating consistent revenue through its service fees.

San Francisco, CaliforniaHeadquarters

2021Year Founded

VENTURE_UNKNOWNCompany Stage

Fintech, Financial ServicesIndustries

51-200Employees

Benefits

Health Insurance

Dental Insurance

Vision Insurance

Health Savings Account/Flexible Spending Account

Unlimited Paid Time Off

Parental Leave

Commuter Benefits

401(k) Retirement Plan

Risks

Brex's no-fee digital banking products could undercut Column's pricing model.

Brex's advanced security features may attract customers away from Column.

Dependency on Brex partnership poses risks if Brex's strategy changes.

Differentiation

Column offers a comprehensive API for seamless financial transaction processing.

The company provides a unique pricing model with transaction-based fees and monthly minimums.

Column's leadership team has extensive experience in both financial and tech sectors.

Upsides

Embedded finance trend expands Column's market reach and integration opportunities.

Banking-as-a-Service platforms align with Column's API-driven model, enhancing service offerings.

Growing demand for real-time payment processing boosts Column's competitive edge.

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