How you'll make an impact
- Serve as a senior advisor to the business on legal issues relating to our consumer platforms and general operations.
- Lead the borrower-side legal team and provide advice to senior leaders regarding our personal loan and credit card programs
- Work closely with Prosper’s product and technology team, advising on the development of new products and services.
- Work alongside Prosper's Compliance team to design, develop and maintain processes and procedures.
- Manage, review and update policies and legal agreements related to Prosper’s consumer platforms.
- Manage litigation related to the operation of Prosper’s consumer platforms.
- Represent Prosper with state and federal regulators; manage any enforcement actions, inquiries and investigations.
- Support the General Counsel in Prosper’s government relations efforts, including research and support on state and federal public policy issues.
Skills that will help you thrive
- J.D. with solid academic credentials and a State bar member in good standing.
- 12+ years of relevant legal experience, including at least 3+ years in-house at a financial technology company, bank, or at a top-tier law firm (in-house experience preferred, but not required).
- A demonstrated ability to understand business needs and to serve as a trusted advisor, providing sound, transparent legal advice.
- Ability to balance legal risk with business objectives.
- Exceptional interpersonal communication skills and an upbeat attitude.
- Experience with financial services regulation, such as the Gramm-Leach-Bliley Act (GLBA), Fair Credit Reporting Act, (FCRA), Truth in Lending Act (TILA)/Regulation Z, Equal Credit Opportunity Act (ECOA)/Regulation B, Credit Card Accountability Responsibility and Disclosure (CARD) Act, Bank Secrecy Act (BSA), Telephone Consumer Protection Act (TCPA), Fair Debt Collection Practices Act (FDCPA), and Electronic Fund Transfer Act (EFTA)/Regulation E
Resources to help you Prosper
- A connected experience: We prioritize high-touch collaboration and flexibility. Whether you are working from our San Francisco or Phoenix offices or joining us as a fully remote team member, we provide the digital-first tools and intentional culture to keep you synced and supported
- Invested in your future: A competitive salary and a 401(k) with a 5% company match to help you build long-term financial security
- Holistic well-being: We provide the resources you need to thrive, from flexible time off and paid parental leave to an annual wellness allowance and comprehensive health coverage
- Professional & personal growth: Take advantage of a suite of premium perks, including Udemy access, childcare assistance, pet insurance, and a bevy of additional savings through Beneplace
Interview process
- Recruiter Call: A brief screening to discuss your experience and initial questions
- Department Interview: Deeper dive into technical skills and project alignment with the Hiring Manager or team member
- Team/Virtual Interview: Meet team members for collaborative discussions
Prosper introduced U.S. consumers to an innovative approach to personal finance as the first peer-to-peer lending platform in the country. Since 2005, Prosper has helped over 2 million customers achieve financial well-being through a comprehensive suite of digital personal finance products.
Prosper’s flagship personal loan* marketplace continues to offer unique value for both borrowers and investors, while the Prosper® Card¹ provides essential access to credit and flexibility for those managing their financial journey. Guided by its mission to advance financial well-being, Prosper is dedicated to helping people thrive by meeting people where they are with simple, trusted, and affordable financial solutions. Learn more at www.prosper.com.
- Diversity expands opportunities
- Collaboration creates better solutions
- Curiosity fuels our innovation
- Integrity defines all our relationships
- Excellence leads to longevity
- Simplicity guides our user experience
- Accountability at all levels drives results
*All personal loans are made by WebBank.
¹The Prosper® Card is an unsecured credit card issued by Coastal Community Bank, Member FDIC, pursuant to license by Mastercard® International.
Skills Required
- J.D. with solid academic credentials and a State bar member in good standing
- 12+ years of relevant legal experience including in-house experience at a financial technology company, bank, or top-tier law firm
- Ability to understand business needs and provide legal advice
- Experience with financial services regulation
What We Do
Prosper’s mission is to advance financial well-being. The company’s online lending platform connects people who want to borrow money with individuals and institutions that want to invest in consumer credit. Borrowers get access to affordable fixed-rate, fixed-term personal loans. Investors have the opportunity to earn solid returns via a data-driven underwriting model. To date, over $17 billion in personal loans have been originated through the Prosper platform for debt consolidation and large purchases such as home improvement projects, medical expenses and special occasions.
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