Tala

Lead Counsel, IN

India

Not SpecifiedCompensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Financial ServicesIndustries

Lead Counsel - Tala India

Employment Type: Full-time


About Tala

Tala is on a mission to unleash the economic power of the Global Majority – the 4 billion people overlooked by existing financial systems. With nearly half a billion dollars raised from equity and debt, we are serving millions of customers across three continents. Tala has been named by the Fortune Impact 20 list, CNBC’s Disruptor 50 five years in a row, CNBC’s World's Top Fintech Company, Forbes’ Fintech 50 list for eight years running, and Chief's The New Era of Leadership Award. We are expanding across product offerings, countries and crypto and are looking for people who have an entrepreneurial spirit and are passionate about our mission.

By creating a unique platform that enables lending and other financial services around the globe, people in emerging markets are able to start and expand small businesses, manage day-to-day needs, and pursue their financial goals with confidence. Currently, over nine million people across Kenya, the Philippines, Mexico, and India have used Tala products. Due to our global team, we have a remote-first approach, and also have offices in Santa Monica, CA (HQ); Nairobi, Kenya; Mexico City, Mexico; Manila, the Philippines; and Bangalore, India.

Most Talazens join us because they connect with our mission. If you are energized by the impact you can make at Tala, we’d love to hear from you!


Position Overview

As the Lead Counsel, you’ll be responsible for legal, regulatory, and compliance workstreams for Talazen Finance India Private Limited (“Tala India”). This role will also include company secretarial duties.


What You'll Do

  • Lead on strategy and implementation of non-banking financial company (“NBFC”) license compliance and partnerships for Tala India.
  • Advise on growth and product regulation for both Tala India and Tala globally, even when the regulatory regime is unclear with respect to the contemplated business objectives; working with non-legal teams to advise on product regulatory strategy and assist in structuring new lines of business.
  • Manage general business regulatory compliance, secretarial compliance, corporate governance, and other legal matters for Tala India.
  • Stay up to date on relevant rules and regulations affecting Tala India and collaborate with the Global Legal team to assess their potential impact on Tala’s innovative and growing business. This includes work on emerging legislation such as the regulation of digital lenders and data privacy.
  • Draft, review, and negotiate commercial contracts and other documentation on a wide range of matters, including marketing, collection, and support services.
  • Perform all secretarial and regulatory filings required under the Companies Act, FEMA, and RBI regulations.
  • Work closely with the External Affairs team to build relationships with external stakeholders and interact with regulatory bodies as needed.
  • Manage external counsel and advisors to ensure timely and cost-effective services.
  • Implement and maintain a comprehensive compliance structure that encompasses both regulatory obligations and policies and processes, serving as the foundation for the development, enhancement, monitoring, and oversight of Tala India’s compliance requirements.
  • Monitor and follow up on the implementation of the compliance strategy into Tala’s business plans.
  • Synthesize complex legal requirements into concise analyses and actionable steps.
  • Identify, assess, and advise on the compliance risks associated with Tala’s current and proposed future business activities, including new products, new business relationships, and ensure implementation of effective strategies to ensure compliance with all relevant laws, regulations, and policies and processes.
  • Maintain and organize legal and corporate governance documentation.
  • Manage and coach direct reports in the Legal team, including mentorship and delegation of work to team members.
  • Establish processes for monitoring progress.

Requirements

(No specific requirements were provided in the original text.)


Application Instructions

(No specific application instructions were provided in the original text.)


Company Information

Tala

  • Mission: To unleash the economic power of the Global Majority.
  • Funding: Nearly half a billion dollars raised from equity and debt.
  • Customer Reach: Millions of customers across three continents.
  • Recognition: Fortune Impact 20, CNBC’s Disruptor 50 (five years in a row), CNBC’s World's Top Fintech Company, Forbes’ Fintech 50 (eight years running), Chief's The New Era of Leadership Award.
  • Operations: Remote-first approach with offices in Santa Monica (HQ), Nairobi, Mexico City, Manila, and Bangalore.
  • Impact: Enabling lending and financial services for people in emerging markets to start and expand businesses, manage needs, and pursue financial goals.
  • Current Operations: Over nine million users in Kenya, the Philippines, Mexico, and India.

Skills

Legal
Regulatory Compliance
Company Secretarial Duties
NBFC License Compliance
Product Regulation
Financial Services Law

Tala

Digital wallet and lending platform for underserved

About Tala

Tala operates as a digital wallet and lending platform that focuses on providing financial services to individuals who are often overlooked by traditional banks. The platform uses artificial intelligence and machine learning to create a personalized financial experience for its users. Customers can access instant credit, transfer money easily, and pay bills all through a single app. Tala's unique data tools allow it to serve a diverse range of customers, including those without access to conventional banking. The company generates revenue through interest and fees on the credit it offers, as well as transaction fees for money transfers and bill payments. Operating in multiple countries across three continents, Tala adapts its services to different markets while aiming to enhance the financial well-being of its users by providing tailored credit lines and financial advice.

Santa Monica, CaliforniaHeadquarters
2011Year Founded
$341.1MTotal Funding
DEBTCompany Stage
Fintech, AI & Machine LearningIndustries
501-1,000Employees

Benefits

Remote Work Options
Flexible Work Hours
Health Insurance
Dental Insurance
Vision Insurance
Life Insurance
Disability Insurance

Risks

Increased competition from Stripe in crypto payments could challenge Tala's market position.
Keytom's launch may attract Tala's crypto-interested customer base, reducing market share.
Apple's NFC chip decision could lead to more competition in the digital wallet space.

Differentiation

Tala uses AI to offer personalized financial experiences to underserved individuals.
The company provides instant credit and expansive bill payment options via a single app.
Tala's proprietary data tools enable services for those without traditional banking access.

Upsides

Integration of stablecoin payments could enhance Tala's transaction speed and cost-effectiveness.
Apple's NFC chip opening may allow Tala to offer more seamless payment options.
Equifax's AI advancements highlight potential for Tala to improve its credit scoring systems.

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