Senior Payments Counsel at Remitly

Seattle, Washington, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Fintech, Payments, Financial ServicesIndustries

Requirements

8+ years of total experience as an in-house transactional legal counsel and/or with a top national or international firm
Experience in financial services, including advising on payments and technology agreements and product development
A strong interest in the fast-moving, ever-changing world of international payments
Excellent drafting skills and demonstrated ability in leading complex contract negotiations
Ability to advise on cross-functional projects and product development
An enthusiastic, pragmatic, and self-motivated attitude
The desire to work on high level, complex projects in a fast-paced, high-growth environment
Demonstrated ability to prioritize and apply strong judgment in complex, and ambiguous situations

Responsibilities

Structure, draft, and negotiate agreements with key commercial partners including banks, payment systems, payment processors, and disbursement partners around the world
Provide regulatory guidance to product development, compliance, business, and marketing teams
Support and advise the government relations and compliance teams on regulatory engagement matters
Monitor and stay current with changes in payment related laws and regulations and advise on any necessary changes to Remitly's products and services
Manage and collaborate with external counsel in various jurisdictions as needed
Help support the business with other types of legal work, as needed

Skills

Key technologies and capabilities for this role

Contract DraftingContract NegotiationRegulatory CompliancePayments LawCommercial AgreementsCross-Border TransactionsLicensingProduct Development

Questions & Answers

Common questions about this position

What experience level is required for the Senior Payments Counsel role?

The role requires 8+ years of total experience as an in-house transactional legal counsel and/or with a top national or international firm.

What key skills and background are needed for this position?

Candidates need experience in financial services, including advising on payments and technology agreements and product development, along with excellent drafting skills and the ability to lead complex contract negotiations. A strong interest in the international payments industry is also essential.

Is this a remote position or does it require office work?

This information is not specified in the job description.

What is the salary or compensation for this role?

This information is not specified in the job description.

What does Remitly's company culture feel like?

Remitly fosters a passionate, global team of over 2,800 'Remitlians' united by a vision to transform lives with trusted financial services, emphasizing builders, reimaginers, and global thinkers in a fast-moving environment at the intersection of technology, trust, and transformation.

Remitly

International money transfer for immigrants

About Remitly

Remitly focuses on international money transfers, helping immigrants send money to their families quickly and securely at lower costs than traditional banks. The company charges transaction fees and earns from the exchange rate margin, offering various transfer options like bank deposits and cash pickups. Remitly enhances user experience through its website and mobile app, allowing real-time tracking of transfers, and engages with immigrant communities by providing helpful resources and educational support. Its goal is to meet the unique needs of immigrants while ensuring fast, affordable, and reliable money transfer services.

Seattle, WashingtonHeadquarters

2011Year Founded

$423.9MTotal Funding

IPOCompany Stage

Fintech, Financial ServicesIndustries

1,001-5,000Employees

Benefits

Continuing Education or Travel Stipend

Office Culture

Flexible PTO, Schedules and Leaves

DEI Learning Opportunities

Community Engagement

Inclusive Benefits

Risks

Swift's integration into banks' channels poses a competitive threat to Remitly.

AI agents' rise may challenge Remitly's operational model in efficiency and cost-effectiveness.

Schall Law Firm's investigation could impact investor confidence and Remitly's reputation.

Differentiation

Remitly focuses on immigrants, offering competitive rates and fast, secure transactions.

The company leverages technology for a seamless user experience via its app and website.

Remitly engages with immigrant communities through content and educational initiatives.

Upsides

Increased digital wallet adoption in key markets expands Remitly's reach to unbanked individuals.

AI agents in operations could reduce costs and improve Remitly's efficiency.

Visa collaboration enhances Remitly's cross-border fund flow services, boosting customer satisfaction.

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