Senior Counsel, New Product Initiatives Lead

4 weeks ago

Arlington, Virginia, United States Remitly Full time
Job Description:

Remitly is revolutionizing global financial services by providing trusted and innovative solutions that transcend borders. Our mission is to empower individuals and businesses to access financial services that meet their needs, regardless of geographical location.

We are seeking a highly skilled and experienced Senior Counsel to join our New Product Initiatives team. As a key member of our legal team, you will play a critical role in shaping the development of new financial products and services that align with our company's vision and values.

About the Role:

The Senior Counsel, New Product Initiatives will work closely with our VP of Legal for New Product Initiatives and collaborate with our dynamic legal teams based in Seattle, London, Tel Aviv, Brazil, and the United Arab Emirates. You will be part of a supportive and close-knit global business group, establishing a world-class legal function for a fast-growing financial services company.

This role will report into our VP of Legal focused on New Products and is a hybrid position, requiring 2-3 days a week in one of our US-based offices in either Arlington, VA or Seattle, WA.

Key Responsibilities:
  1. Provide complex legal advice on new product strategies and initiatives in a highly regulated and global financial services industry.
  2. Advise product, engineering, design, compliance, and go-to market teams on legal requirements and risks related to modifications of existing products and implementing new financial products.
  3. Proactively identify risks and recommend reasonable mitigations.
  4. Translate legal advice into actionable guidance for product and business teams that follows our core values.
  5. Assist and work with outside counsel to obtain legal advice in other jurisdictions, if necessary.
  6. Collaborate with diverse, highly-talented, and mission-driven cross-functional global teams to drive stakeholder alignment and resolution.
  7. Remain up-to-date on all relevant financial services regulations and guidance, industry standards, and consumer protection laws to provide exceptional legal advice.
Requirements:
  • J.D. or equivalent.
  • Admitted to, and in good standing with at least one State Bar.
  • Knowledge of consumer prepaid or stored value, payments and money movement, and lending laws is beneficial.
  • Knowledge of the Bank Secrecy Act anti-money laundering regulations is also beneficial, but not required.
  • 6 or more years of experience practicing either in-house, preferably in FinTech or bank environments (or in an equivalent setting) or at a reputable law firm, with a focus on financial services and products, including state and federal banking, payments and digital wallets, and fintech-related laws and industry norms.
  • Collaborate as part of a team, and to prioritize project management.
  • Willingness to travel, as necessary.
Benefits:

Remitly offers a comprehensive benefits package, including flexible paid time off, health, dental, and vision + 401k plan with company matching, paid parental, medical, military and family care leave, mental health & family forming benefits, employee stock purchase plan (ESPP), continuing education and travel benefits.

We are committed to nondiscrimination across our global organization and in all of our business operations. Employment is determined based upon personal capabilities and qualifications without discrimination on the basis of race, creed, color, religion, sex, gender identification and expression, marital status, military status or status as an honorably discharge/veteran, pregnancy (including a woman's potential to get pregnant, pregnancy-related conditions, and childbearing), sexual orientation, age (40 and over), national origin, ancestry, citizenship or immigration status, physical, mental, or sensory disability (including the use of a trained dog guide or service animal), HIV/AIDS or hepatitis C status, genetic information, status as an actual or perceived victim of domestic violence, sexual assault, or stalking, or any other protected class as established by law.

Remitly is an E-Verify Employer and an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.

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