Product & Regulatory Counsel - Lending

ABOUT UNIT

Unit is a market leader in embedded finance. We offer ready-to-launch financial services - like banking and capital - and serve millions of end-users across ~100 customers, including Wix, Bill.com, Honeybook, Relay, and more.

We're repeat founders with technical backgrounds, working hard to build a successful company that we're proud to work at. Our product moves $40b+ annually and processes 12m+ API calls daily. We've raised $160m+ from top investors including Insight, Accel, and 60+ angels.

Who we're looking for:

We are looking for a dynamic attorney to be a strategic partner for the company on a diverse set of product and regulatory matters primarily related to the lending products offered through the Unit platform. The ideal candidate:

• Thrives working in a fast-moving, high-growth environment, both independently and with cross-functional teams to achieve shared goals
• Has experience counseling product and engineering teams and working closely with risk colleagues and financial institutions to build compliant products that delight users
• Enjoys learning, developing creative solutions to novel issues, and owning projects from ideation through execution
• Has a deep interest in and curiosity about building financial infrastructure

What you'll be responsible for:

• Advising the Unit team on new and updated credit products available through the Unit platform
• Counseling the company on questions related to other product features and regulatory issues relevant to the business
• Balancing commercial, product, regulatory and risk considerations in the design and evolution of financial products and experiences
• Providing business-oriented, practical advice across the product lifecycle from product design to implementation, documentation, and marketing
• Partnering with the Product, Platform, Engineering, Compliance, Implementation, Success and Go-to-Market teams in a fast-paced, product-driven environment
• Working closely with bank customers and other key stakeholders to solicit and incorporate feedback on new products and product enhancements
• Supporting new program and operations development, creating playbooks, processes and templates to streamline internal cross-team collaboration and improve efficiency
• Drafting, reviewing and revising terms of service, end-user agreements, policies and procedures
• Monitoring how legal and regulatory changes affect Unit and our customers
• Acting as a regulatory subject matter expert for questions across the company
• Serving as a trusted advisor and resource to leaders and builders within the company

What you'll bring to the role:

• A J.D. and active membership in at least one state bar
• 4+ years of legal experience in a law firm, regulatory agency, or fast-paced in-house position in financial technology or financial services
• Significant experience in financial services regulation, with a particular emphasis on state and federal law and regulation governing lending
• Experience and interest in regulatory matters relating to fintech, digital banking, bank partnerships and third-party risk management.
• Knowledge of privacy regulation a plus (GLBA, state privacy laws)
• Enthusiasm for navigating multi-stakeholder relationships and finding simple solutions to complex problems
• Excellent writing, oral communication, and organizational skills

Compensation Description

The base salary for this role is expected to be $180,000 - $210,000 per year. In addition, employees at Unit can expect generous benefits and may be eligible for equity. The final offer will be determined by factors including experience level, expertise, and location.

LIFE AT UNIT

Working at Unit means joining a global team on a mission to create a more equitable financial ecosystem. We're a fast-growing team of individuals who are passionate about their work, see the big picture and always seek to empower our clients and their end-customers.