Product and Regulatory Legal Director

Position Overview

• Location Type: Remote
• Job Type: FullTime
• Salary: $245K - $319K

Dave is one of the leading US neobanks and a pioneer in financial services, using disruptive technology to provide best in class banking services to millions of members at a fraction of the cost compared to incumbents. The anchor of our banking value proposition, ExtraCash, provides up to $500 of short term, interest free advances to members within minutes of joining. The speed to value, access and pricing of ExtraCash compared to traditional overdraft sets us apart from incumbents and is a key to our strategy to efficiently acquire transacting Dave debit card members.

Requirements

• Experience in fintech consumer finance product and regulatory law.
• Practical background in neobanking products, specifically focused on consumer deposit accounts, payments and payment processing.
• Expertise in NACHA (National Automated Clearing House Association).
• Knowledge of bank operations and BSA/AML/fraud management.
• Transactional experience in the financial services industry.

Responsibilities

• Partner with cross-functional teams (product, design, engineering, fraud, risk operations, and compliance) to develop payment related product launches and enhancements.
• Advise on, review, draft, and assist negotiating strategic transactions with fintechs, e-commerce players, and customer-facing technology companies.
• Understand the technology and services that the payments business areas deliver to support bank partner products.
• Support innovation across Dave, including emerging payment technologies and features on the mobile app.
• Conduct legal research and analysis on emerging fintech trends and digital assets.
• Oversee state and federal regulatory monitoring programs and related legal inventories.
• Advise on the overall payments strategy, advocacy, and industry consortia engagements.
• Be the subject matter expert on Banking as a Service (BaaS) partnerships, payment processors, and federal/state privacy environments.
• Independently support servicing processes, including escalated complaints, credit bureau reporting, bankruptcy, liens, subpoenas, garnishments, escheatment, and Powers of Attorney.
• Advise on legal issues related to AML (Anti-Money Laundering), CIP (Customer Identification Program), and Fraud matters.
• Strategize business options for implementing new or changed federal or state requirements relevant to the business areas supported.
• Help establish efficient and effective processes within Legal and compliance (leveraging automation and AI); develop and implement a strategy on how to best leverage and manage outs