Senior Counsel, New Product Initiatives



Product, Legal
Arlington, VA, USA
Posted on Thursday, February 8, 2024

Job Description:

Remitly is on a mission to transform the lives of immigrants and their families by providing the most trusted financial products and services on the planet. Since 2011, we have been tirelessly delivering on our promises to immigrants sending their hard earned money home. Today, we are reimagining international payments at scale and building new products to create deeper relationships with our customers and their loved ones across the globe. Join over 2,700 employees across 10 offices who are growing their careers while having a positive impact on people globally.

Remitly is registered as a Money Services Business in the U.S., Canada, EU, United Kingdom, Singapore and Australia. Each of these jurisdictions require, among other items, that Remitly maintain a comprehensive Risk and Compliance Program.

About the Role:

Remitly is looking for a Senior Counsel, New Product Initiatives with a background in consumer and cross-border payments, lending, product development, and consumer protection compliance. In this role, you will work with and report to our VP of Legal for New Initiatives and work with our dynamic legal teams based in Seattle, London, Tel Aviv, and United Arab Emirates. You will also be part of a supportive, and close knit global business group, establishing a world-class legal function for a fast-growing financial services company.

You Will:

  • Support new product strategies and initiatives by providing complex legal advice in a highly regulated financial services industry.
  • Advise our product, engineering, design, and go-to market teams on legal requirements and risks related to modifications of existing products and implementing new financial products. Proactively identify risks and recommend reasonable mitigations.
  • Be comfortable with unclear areas of the law and interpreting and applying the law in new contexts and translate legal advice into actionable guidance for product and business teams.
  • Assist, and work with outside counsel to obtain legal advice in other jurisdictions. If necessary, assist with regulatory interactions and internal audit inquiries.
  • Work collaboratively and develop trusted relationships with business partners and work closely with diverse, highly-talented, and mission-driven cross-functional global teams to drive stakeholder alignment and resolution.
  • Remain up-to-date on all relevant financial services regulations and guidance, industry standards, and consumer protection laws to provide exceptional legal advice.
  • Must have the ability to thrive in a innovative environment.

You Have:

  • 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, lending, and/or fintech-related laws and industry norms.
  • Collaborate as part of a team, and to prioritize project management.
  • Willingness to travel, as necessary.

Our Benefits:

  • Flexible paid time off
  • Health, dental, and vision benefits + 401k plan with company matching
  • Company contributions to your HSA plan, if you choose one
  • Employee Stock Purchase Plan (ESPP) available for eligible employees
  • Continuing education and corridor travel benefits

Compensation Details. The starting base salary range for this position is typically $176,000 -$220,000. In the U.S., Remitly employees are shareholders in our Company and equity is part of our total compensation plan. Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components offered with this role.

Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components offered with this role.

Remitly is an Equal Opportunity Employer. Equal employment opportunity has been, and will continue to be, a fundamental principle at Remitly. 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

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