Product & Regulatory Counsel at Blend

United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Financial Services, BankingIndustries

Requirements

5+ years of combined, relevant experience in in-house legal departments, law firms, and/or governmental agencies
Knowledge and application of consumer protection laws -- including TILA, TISA, RESPA, ECOA, FCRA, HMDA, GLBA, and UDAAP -- and their implementing regulations
Highly disciplined, able to make independent decisions and work with limited supervision while excelling in a fast-paced, dynamic and demanding environment
Inquisitive, engaged and proactive in identifying legal issues and risks and proposing creative and effective solutions
Ability to work independently and adaptively, anticipate and mitigate friction points, and take the initiative to drive projects to completion
Excellent verbal and written communication skills with the ability to present sophisticated issues in a clear and persuasive manner
Strong interpersonal and influencing skills
Engaged and self-motivated team player eager to dig into consumer finance and privacy laws and regulations, learn complex and evolving products, and pitch in wherever necessary
JD and a member of a state bar

Responsibilities

Partner closely with engineering, product and design teams on product development in the lending and consumer banking space, advising on applicable legal and regulatory requirements and implications of product/feature builds
Evaluate proposed partnerships and provide legal guidance regarding related privacy and regulatory risks and mitigations
Anticipate and identify legal and regulatory risks, and propose creative and effective solutions to address those risks
Remain up-to-date on consumer financial services and privacy laws and regulations to ensure an ongoing ability to provide sound regulatory advice
Partner with the broader Legal & Compliance team to share information about regulatory changes and product development to facilitate support across the team
Engage directly with clients’ legal and compliance teams regarding Blend’s products, features, functionality, configurations and integrations

Skills

Key technologies and capabilities for this role

Regulatory ComplianceFintech LawPrivacy LawLending RegulationsConsumer Banking RegulationsLegal Risk AssessmentProduct CounselingSaaS Contracts

Questions & Answers

Common questions about this position

What experience is required for the Product & Regulatory Counsel role?

Candidates need 5+ years of combined, relevant experience in in-house legal departments, law firms, and/or governmental agencies, along with knowledge of consumer protection laws including TILA, TISA, RESPA, ECOA, FCRA, HMDA, GLBA, and UDAAP.

What is the salary or compensation for this position?

This information is not specified in the job description.

Is this role remote or does it require office work?

This information is not specified in the job description.

What is the company culture like at Blend?

Blend has a diverse team of problem solvers that encourages exploring interests, working on unfamiliar projects for skill development, and thriving in a fast-paced, dynamic environment with hands-on experience.

What makes a strong candidate for this Product & Regulatory Counsel position?

Strong candidates are highly disciplined, able to make independent decisions with limited supervision, inquisitive, engaged, proactive in identifying risks, and excel in a fast-paced environment while staying current on consumer financial services laws.

Blend

Streamlines lending process for financial institutions

About Blend

Blend simplifies the lending process for financial institutions with its digital platform, allowing them to process over $3 billion in loans daily. The platform includes automated verifications, instant pre-approvals, and seamless electronic closings, which enhance efficiency and reduce costs. Blend stands out from competitors with its modular architecture and no-code configuration tools, enabling quick adaptation to market changes and personalized customer experiences. The company's goal is to improve loan processing efficiency and customer acquisition for its clients.

San Francisco, CaliforniaHeadquarters

2012Year Founded

$646.9MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

501-1,000Employees

Benefits

Meaningful equity and a 401(k) plan

Comprehensive health benefits

Wellness benefits covering a variety of wellness activities, gym memberships, fitness classes and more

16 weeks of paid parental leave

Generous vacation policy

Work from home office set up stipend and internet stipend during COVID-19

Risks

Increased competition from emerging fintechs could erode Blend's market share.

Recent stock price decline may indicate investor concerns about Blend's future.

Volatility in the FinTech IPO Index suggests potential market instability for Blend.

Differentiation

Blend's platform processes over $4 billion in loans daily, showcasing its scalability.

The company offers a modular architecture, allowing quick adaptation to market changes.

Blend's partnerships with major banks enhance its credibility and market reach.

Upsides

Growing demand for digital lending boosts Blend's market potential.

Partnerships with fintechs like Astra enhance Blend's service offerings.

Automated workflows reduce costs and improve efficiency for financial institutions.

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