Corporate Counsel, Financial Services

What You'll Do

Take primary legal responsibility for Collectors' lending program, including drafting commercial and consumer loan agreements, key partner agreements, program documents, and ongoing program governance

Partner with outside counsel, consultants, and the Collectors Financial Services team on program design and regulatory positioning

Draft and maintain disclosures and review marketing materials in compliance with applicable laws

Stay current on developments in consumer lending regulation and emerging requirements affecting program structure

Advise on AML/BSA, OFAC, and KYC obligations applicable to lending counterparties and payments flows

Cross-functional partnership to embed legal and compliance requirements across the lending lifecycle and non-lending payments flows

Who You Are

A graduate of a top law school with AmLaw100 or other large national law firm experience

In good, active standing with the California Bar (or eligible for registered in-house counsel status)

6+ years of legal experience, with at least 2-3 years at a fintech, BaaS platform, or other consumer lending company in an in-house legal role or a similar role advising such companies at a top law firm

Substantive experience with consumer lending regulation: TILA/Reg Z, UDAAP, FCRA, ECOA, GLBA, state licensing, and bank partnership program structures

Working familiarity with payments and money movement concepts (money transmission, stored value/wallets, EFTA/Reg E, card network basics) sufficient to spot issues and partner effectively with business teams

Comfortable advising on novel product structures and partnering with business teams in a fast-moving environment

Strong organizational skills with the ability to manage multiple workstreams while maintaining quality

Salary range:

The salary range for this position is $190,000 to $300,000. Actual compensation on this range varies based on a variety of non-discriminatory factors, including location, job level, experience, and skill set. This role may be eligible for bonuses, commissions, or other forms of compensation, please ask your recruiter for details.

Reasons To Join Us:

Health Insurance: All full-time employees are eligible to enroll in Medical, Dental, and Vision

Additional Benefits: Full-time employees are eligible for fertility, commuter, and educational assistance benefits

401(K) Matching Plan: We are proud to offer a competitive 401k matching plan to our employees to support their future financial goals

Vacation: All salaried employees are eligible for flexible time-off

Holiday Pay: All regular, full-time employees are eligible for ten company paid holidays

Employee Discounts: Employees receive discounts on select grading services for approved submissions

Flexible Hours: Many of our teams offer flexible schedules with varying shifts and will work with you to accommodate your needs

Fun Working Environment: Our team members are invited to participate in celebrations, holiday events, and team building activities

Qualified applications with arrest or conviction records will be considered for employment in accordance with the Los Angeles County Fair Chance Ordinance for Employers and the California Fair Chance Act.

Candidates must be authorized to work in the United States.

Collectors uses e-Verify to validate your ability to work legally in the United States.

Skills Required
Graduate of a top law school with AmLaw100 or large national law firm experience
Active, good standing with the California Bar or eligible for registered in-house counsel status
6+ years of legal experience, including 2-3+ years in-house at a fintech, BaaS platform, or advising such companies at a top law firm
Substantive experience with consumer lending regulation (TILA/Reg Z, UDAAP, FCRA, ECOA, GLBA), state licensing, and bank partnership program structures
Experience advising on AML/BSA, OFAC, and KYC obligations
Working familiarity with payments and money movement concepts (money transmission, stored value/wallets, EFTA/Reg E, card network basics)
Ability to draft and maintain consumer disclosures and review marketing for regulatory compliance
Authorized to work in the United States (employer uses e-Verify)