ModernFi

Founding Head of Legal

Remote

ModernFi Logo
$160,000 – $240,000Compensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
FintechIndustries

Requirements

Candidates should have 5–8+ years of experience, ideally with a mix of law firm and in-house roles, particularly at a technology or fintech company, holding a JD from a prominent law school and being admitted to a bar. Strong contract negotiation and legal strategy skills, especially in regulated or B2B enterprise contexts, are required, along with experience with banks, credit unions, or financial infrastructure as a plus. Familiarity with regulatory and compliance frameworks for financial services (e.g., GLBA, SOC 2, FFIEC) and experience supporting early-stage fundraising or venture-backed startups are desirable.

Responsibilities

As the Founding Head of Legal, the individual will own all core legal responsibilities, including revising, reviewing, and negotiating client contracts, vendor agreements, NDAs, and employment documents; advising on legal risk, particularly in reviewing contractual agreements; supporting due diligence processes; partnering with internal teams on employment-related legal needs; preparing for and supporting fundraising activities; contributing to ModernFi’s compliance posture; representing ModernFi on external legal and compliance calls; and building the internal legal infrastructure – processes, templates, and policies – that will scale with the company.

Skills

Contract Negotiation
Legal Strategy
Risk Management
Compliance
Fintech
FDIC
NCUA
OCC
Federal Reserve
Due Diligence

ModernFi

Advisory services for funding markets management

About ModernFi

ModernFi focuses on funding markets and asset liability management in the banking sector by allocating funds to FDIC-member banks. It serves institutional clients, providing insights and strategies to help them manage funding needs and optimize balance sheets. Unlike traditional banks, ModernFi does not offer deposits but simplifies complex financial processes through advisory services and educational materials. The company generates revenue through various fees, aiming to add value by helping clients navigate financial market complexities.

Key Metrics

New York City, New YorkHeadquarters
2022Year Founded
$26.9MTotal Funding
SERIES_ACompany Stage
Fintech, Financial ServicesIndustries
11-50Employees

Benefits

Health Insurance
Dental Insurance
Vision Insurance
Unlimited Paid Time Off
Company Equity

Risks

Increased competition from fintech companies may erode ModernFi's market share.
Technical challenges with Q2 integration could affect client satisfaction and adoption.
Regulatory scrutiny may increase compliance costs and operational challenges for ModernFi.

Differentiation

ModernFi offers a fully integrated, API-driven deposit network for financial institutions.
The company provides extended deposit insurance through program institutions, enhancing depositor security.
ModernFi's solutions simplify complex financial instruments for institutional clients, aiding compliance.

Upsides

Integration with Q2's platform enhances ModernFi's digital banking capabilities and client reach.
Partnerships with credit unions expand ModernFi's market presence and deposit network.
Recognition as a top fintech innovator boosts ModernFi's credibility and market appeal.

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