Product and Regulatory Counsel
MercurySalary not specified
- Full Time
- Entry Level & New Grad
$245,000 – $319,000Compensation
Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Financial ServicesIndustries
Requirements
Candidates should possess a Juris Doctor degree and be admitted to practice law in at least one US state, with significant experience as a legal director or equivalent role in the fintech or consumer finance industry. Strong expertise in regulatory compliance, particularly within the banking and payments sectors, is essential, along with a deep understanding of NACHA rules, BSA/AML, and fraud management. Experience with neobanking products, consumer deposit accounts, and payment processing is highly preferred, as is familiarity with state and federal privacy regulations.
Responsibilities
The Product and Regulatory Legal Director will advise on existing and new product strategies for banking, lending, neobanking, and subscription products, partnering with cross-functional teams to develop payment-related product launches and enhancements. They will also review and draft strategic transaction agreements with fintechs and technology companies, conduct legal research on emerging fintech trends and digital assets, oversee regulatory monitoring programs, and advise on AML, CIP, and fraud matters. Furthermore, the Director will support innovation across Dave, including emerging payment technologies, and strategically manage BaaS partnerships, payment processors, and privacy environments, while independently supporting servicing processes and establishing efficient legal and compliance processes.
Skills
Fintech
Consumer Finance Law
Regulatory Law
Neobanking Products
Payments
Payment Processing
NACHA
Bank Operations
BSA/AML
Fraud Management
Transactional Experience
Legal Research
Digital Assets
Emerging Payment Technologies
BaaS Partnerships
Dave
Mobile app for fee-free financial services
About Dave
Dave is a financial technology company that helps individuals manage their finances through a mobile app. The app offers various financial services, including cash advances on upcoming paychecks without interest or credit checks, which helps users avoid overdraft fees. It targets lower to middle-income individuals who may struggle with traditional banking services, providing a fee-free banking experience with no overdraft, minimum balance, or ATM fees at over 32,000 locations. Dave generates revenue through subscription fees and optional services, such as helping users find side jobs and offering a credit-building service through LevelCredit. The app is designed to be user-friendly and non-judgmental, making it easier for users to navigate their financial lives. Dave's goal is to provide accessible banking services that empower individuals to manage their finances effectively.
Key Metrics
West Hollywood, CaliforniaHeadquarters
2016Year Founded
$366MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
501-1,000Employees