Associate General Counsel, Consumer Financial Services Licensing (Remote Friendly)

Company: Mission Lane
Location: Raleigh
Posted on: May 16, 2022

Job Description:

Mission Lane is revolutionizing access to financial tools to pave a clear way forward for millions of Americans on the path to financial success. We strive to create solutions no one ever has before, to redefine the financial industry for the better. Sound like a mission you could get behind?

We're looking for an experienced consumer financial services licensing/regulatory attorney who has has a "start-up" mentality; enjoys a fast-paced, innovative environment; and has an intrinsic motivation to make important things happen, to join our growing Legal Team as Associate General Counsel, Consumer Financial Services Licensing , reporting to the General Counsel.

The impact you'll make:

You'll drive forward our mission of financial inclusion with your keen legal knowledge of consumer financial services businesses and the fintech industry, as you ensure our Company is properly licensed to conduct regulated business activities .

You'll also collaborate with various Mission Lane business and functional partners as well as other members of the Legal team in delivery of legal services and identification and mitigation of compliance and reputational risks.

As the Associate General Counsel, Consumer Financial Services Licensing you will:
Provide prompt, proactive, practical and strategic advice on a variety of legal issues with a primary focus on necessary federal or state license requirements
Advise business partners on compliance with the requirements of federal and state laws governing licensing requirements for new products and services offered by the Company
Assist business, finance, tax and compliance partners in navigating the state and federal licensing and approval process in connection with, among others, new products and services and legal entity structures
Develop and maintain a repository to track and report on licensing and related compliance and reporting obligations and develop enhancements to drive efficiencies in the licensing program
Collaborate with the Legal team and business partners to prepare and timely submit in NMLS/state systems necessary state licensing filings and reports and manage license examinations
Conduct legal research and draft formal and informal correspondence and memoranda
Monitor and interpret relevant legal and regulatory developments that may impact the Company and proactively advise on potential risks, spot legal and regulatory issues, and assist with operationalizing and implementing compliant products and services and operational controls
Collaborate with business and risk/compliance partners to continuously improve the licensing program
Maintain a high level of professionalism, outstanding business judgment and strategic thought/growth-minded leadership and innovative approaches to legal issues that align with business initiatives and objectives
Perform additional duties and assists with special projects as assigned
Engage and manage outside counsel in various jurisdictions as appropriate to ensure timely advice

You're set up for success in this role if:
You have a JD from an ABA accredited law school
You have a current bar license and in good standing to practice law
You have 5+ years experience practicing in a large law firm or fintech/neobank in-house environment with concentration in a federal and state consumer credit licensing and regulatory practices
You're familiar with NMLS and state licensing requirements and systems as they relate to non-bank financial services companies
You have working knowledge of laws, regulations and industry rules that apply to consumer financial open-end and closed-end credit products (e.g. Electronic Fund Transfers Act (EFTA)/Reg E, BSA/AML/OFAC, Durbin Amendment,/Reg II, NACHA Operating Rules and Payment Network Rules, FCRA/Reg V, TILA/Reg Z, ECOA/Reg B, UDAAP, BSA/AML, SCRA, GLBA, TCPA, FDCPA, federal and state bankruptcy laws, and state privacy and servicing/debt collection laws)
You have excellent computer-assisted research and analytical skills with a focus on problem solving
You're a well-organized, proactive self-starter able to prioritize and handle multiple projects simultaneously with competing and changing deadlines
You have strong communication and interpersonal skills and ability to effectively present information to and interact with all levels of management
You have a growth mindset / "start-up" mentality and a high-degree of mature, self-direction and ability to work independently or as part of a team
You're an independent thinker with strong analytical skills and ability to make sound decisions in fast-paced environment
You can effectively prioritize work and business needs and adapt to change/resilient
You have a strong sense of ethics and integrity
You're proficient with basic computer applications, including Google Suites and Microsoft Office products
You're able to participate in periodic overnight travel

You'll get bonus points for:
3+ years advising on licensing and related compliance requirements applicable to consumer credit fintech companies in an in-house legal team or specialized private firm practice group

At Mission Lane, we're looking for people who have the courage to take on new challenges. If you need accommodations to perform at your highest potential throughout the application and/or interview process, don't hesitate to reach out.

We're committed to ensuring our team members have balance in their lives. Our comprehensive benefits package provides the support you need to thrive at work and at home.
Work: An engaging culture with access to training programs and advancement opportunities
Life: Full health, dental, and vision benefits, Flexible Spending Account (for medical and childcare expenses), paid parental leave, and a 401k Company Match
Balance: Generous PTO, flexible schedules, a Calm App subscription, and more.

More about Mission Lane:

Mission Lane is based in the U.S., with offices in Richmond, Virginia & San Francisco, California. Founded in December 2018, we've rapidly grown to almost 2 million customers.

It all started with a realization: nearly fifty percent of the adult population in the U.S. doesn't have access to a clear line of credit. And by "clear" we mean credit without crazy fees that only increase debt. Most traditional credit card companies either overlook or overcharge this group because they have less-than-prime credit scores or no score at all. We decided this just wouldn't do.

We understand that everyone doesn't have the same opportunities. We also know that everyone joins us at different stages of their financial journeys. Providing access to clear credit was a critical first step, but our work isn't done. We are actively developing new products designed to meet our customers where they are, according to their needs.

We get it - life happens . That's why Mission Lane is hard at work paving a better way forward.

Just like for our customers, Mission Lane creates opportunities for our employees to learn, grow, and prosper. We strive to create an environment that brings out the best in everyone, everyday.

Mission Lane is an Equal Opportunity Employer committed to diversity and inclusion in the workplace. All qualified applicants will receive consideration for employment without regard to sex, race, color, age, national origin, religion, physical and mental disability, genetic information, marital status, sexual orientation, gender identity/assignment, citizenship, pregnancy or maternity, protected veteran status, or any other status prohibited by applicable national, federal, state or local law.

Mission Lane is not currently sponsoring new applicant employment authorization for this position. And please, no third-party recruiters.

Keywords: Mission Lane, Raleigh , Associate General Counsel, Consumer Financial Services Licensing (Remote Friendly), Legal , Raleigh, North Carolina