Job Description:
• Negotiate, coordinate, and draft agreements with fintech partners, including vendor agreements, statements of work, and change orders.
• Develop and update contract templates to mitigate risk and streamline negotiations for use by internal stakeholders.
• Maintain a deep understanding of the payments ecosystem, including key players, processes, and regulatory requirements.
• Ensure compliance with legal requirements related to card issuing, money movement, and merchant acquiring.
• Support regulatory reporting and interactions with federal and state agencies, ensuring compliance with applicable laws and regulations.
• Support risk management activities, including the development of risk assessments and risk management strategies for fintech partnerships.
• Identify and analyze complex legal issues, develop conclusions, and propose recommendations for issue resolution.
• Help manage ongoing relationships with fintech partners, ensuring commitments made in contracts are tracked and fulfilled.
Requirements:
• Juris doctor degree from an accredited law school
• Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority
• Minimum 4 years of experience practicing in a corporate legal department and/or law firm with emphasis on payments, contract negotiation, and/or banking and fintech partnerships
• Advanced knowledge of regulatory requirements related to payments financial services is preferred (card issuing, money movement, merchant acquiring, etc.)
• Advanced knowledge of payments industry self-regulatory frameworks, including NACHA and The Clearinghouse is preferred
• Strong verbal and written communication skills, professional presentation, and organizational skills
• Ability to think critically, creatively and with care in a fast-paced, complex work environment
• Self-motivated, with the ability to work independently and to work collaboratively as part of a team in a busy, fast-paced
• Business minded and problem solver
• Strong judgment and professional
• Desire to take on challenging assignments.
• Proficiency with Microsoft Office applications and web-based software
Benefits:
• Medical, Dental and Vision Insurance
• Health Savings Account (HSA), Health Reimbursement Account (HRA) & Flexible Spending Accounts (FSA)
• Short- and Long-Term Disability Plan
• Group Life Insurance
• 401K Salary Deferral Plan
• Wellness Program
• Education & Tuition Expense Reimbursement
• PTO and Unique Vacation Purchase Program
• Nationwide Pet Insurance Coverage