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Who we are:
Shape a brighter financial future with us.
Together with our members, we’re changing the way people think about and interact with personal finance.
We’re a next-generation financial services company and national bank using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
The role:
SoFi is seeking an attorney with a strong background in financial regulation, with a focus on consumer credit products and commercial payments services, to serve as Assistant General Counsel. The role will be focused on assisting the Associate General Counsel in providing legal counsel to our SoFi Credit Card and Commercial Payment Services businesses, in addition to providing counsel on other general legal matters for other parts of the SoFi enterprise, as required. The ideal candidate has a strong financial regulatory background in credit card products, payments, and bank sponsorship arrangements with financial-technology (FinTech) companies, including prior experience with a law firm and/or as in-house counsel for a major financial institution.
What you’ll do:
- Advise the Credit Card business on all matters pertaining to SoFi’s credit card products, including but not limited to the development, launch, and maintenance of credit card products, compliance with advertising and marketing requirements, credit reporting and debt collection practices, compliance with state and federal statutes that prohibit unfair, deceptive, or abusive acts and practices, privacy and data security, federal preemption issues, and electronic delivery of credit-related disclosures.
- Advise the Commercial Payments Services business in structuring, documenting, and negotiating sponsorship arrangements with FinTech companies and provide ongoing legal counsel to business leaders regarding existing sponsorship arrangements.
- Draft customer agreements, terms and conditions, and disclosures, and review user experience (UX), marketing assets, and customer communications for Credit Card and Commercial Payment Services businesses.
- Advise on all matters pertaining to supervision of SoFi’s Credit Card and Commercial Payment Services businesses, including regulatory compliance examinations and preparing and communicating management responses to examination reports and supervisory letters.
- Advise SoFi on the impact of proposed and new regulations, interact with regulators, and work with business partners and compliance across multiple functional areas within the SoFi enterprise.
- Research and evaluate consumer credit and commercial payments laws and regulations, guidance, interpretive letters, and opinions in the context of assessing risk factors regarding business decisions, operations, and preparing corporate policies and practices.
- Advise business leaders on contracts relating to the SoFi Credit Card and Commercial Payment Services businesses. Research unique legal issues impacting SoFi by identifying applicable statutes, judicial decisions, and codes.
- Keep abreast of legislative changes that may affect SoFi and its affiliates and the SoFi Credit Card and Commercial Payment Services businesses.
- Other assignments on an ad hoc basis.
What you’ll need:
- You should be an intellectually curious self-starter with strong written and oral communication skills
- JD from an accredited law school
- Member of the applicable bar
- 4 to 6 years of experience in financial regulation, with a focus on credit card products, payments, and bank sponsorship arrangements with FinTech companies, including experience with a major law firm and/or in-house counsel experience with a major financial institution.
- Experience with consumer financial regulations concerning credit card products, including but not limited to Regulation Z (Truth in Lending), Regulation V (Fair Credit Reporting), Regulation B (Equal Credit Reporting Act), Telephone Consumer Protection Act (TCPA), Military Lending Act (MLA), Servicemembers Civil Relief Act (SCRA), Fair Debt Collection Practices Act (FDCPA), Equal Credit Opportunity Act (ECOA), Unfair, Deceptive or Abusive Acts or Practices (UDAAP), Regulation P (Privacy of Consumer Financial Information), Gramm-Leach-Bliley Act, and Regulation E (Electronic Funds Transfers).
- Experience with payments rules and regulations and advising financial institutions in structuring, documenting, and negotiating sponsorship arrangements with FinTech companies.
- Familiarity with current regulatory and risk management topics in consumer financial services and commercial payments law and risk management related matters and demonstrated knowledge of applicable regulations and supervisory expectations.
Nice to have:
- Experience with deposits products and applicable regulations (e.g., FDIC rules).
Compensation and Benefits
The base pay range for this role is listed below. Final base pay offer will be determined based on individual factors such as the candidate’s experience, skills, and location.
To view all of our comprehensive and competitive benefits, visit our Benefits at SoFi page!
SoFi provides equal employment opportunities (EEO) to all employees and applicants for employment without regard to race, color, religion (including religious dress and grooming practices), sex (including pregnancy, childbirth and related medical conditions, breastfeeding, and conditions related to breastfeeding), gender, gender identity, gender expression, national origin, ancestry, age (40 or over), physical or medical disability, medical condition, marital status, registered domestic partner status, sexual orientation, genetic information, military and/or veteran status, or any other basis prohibited by applicable state or federal law.The Company hires the best qualified candidate for the job, without regard to protected characteristics.Pursuant to the San Francisco Fair Chance Ordinance, we will consider for employment qualified applicants with arrest and conviction records.New York applicants: Notice of Employee RightsSoFi is committed to embracing diversity. As part of this commitment, SoFi offers reasonable accommodations to candidates with physical or mental disabilities. If you need accommodations to participate in the job application or interview process, please let your recruiter know or email [email protected].Due to insurance coverage issues, we are unable to accommodate remote work from Hawaii or Alaska at this time.
Internal Employees
If you are a current employee, do not apply here - please navigate to our Internal Job Board in Greenhouse to apply to our open roles.
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