If you can send your friends money in seconds, why does it still take your employer two weeks to send your paycheck?
At Clair, we are on a mission to create financial freedom for America's workers by giving them a digital banking platform that allows them to get paid as soon as they clock out of work. But we're not just another digital bank or on-demand pay provider. We meet Americans at their place of work by embedding our products within the scheduling, workforce management, and payroll apps they already use every day.
Learn more about us at getclair.com/about
Are you who we're looking for?
We are seeking an experienced Head of Legal and Compliance with a background in consumer finance, regulatory compliance, privacy, and data use to join and lead our growing Legal & Compliance team. As the Head of Legal and Compliance, you will advise and collaborate with our product, engineering, business, and marketing departments to build Clair’s consumer financial technologies and services. You will also sit on the executive team, leading the regulatory compliance strategy we consider to be our moat and also work closely with Clair’s Payroll and Workforce Management partners to advise on risk and product strategy.
What will you do at Clair?
- Provide comprehensive first-line legal support for initiatives related to Clair’s consumer credit products and services, advising on legal and regulatory issues relating to consumer finance, data privacy, payments, and other relevant areas.
- Work cross-functionally to coordinate legal advice and drive optimal outcomes for the business.
- Serve as a legal thought partner to product, design, marketing, engineering and data teams, ensuring that consumer protection, licensing requirements, and privacy considerations are integrated into new initiatives from the outset.
- Build out Legal & Compliance team to support all commercial and regulatory compliance needs, driving hiring, onboarding and day-to-day management of the existing and future team members
- Draft and negotiate agreements and terms to support strategic partnerships with fintech partners and third-party providers.
- Guide the business by navigating the regulatory landscape for Clair’s consumer credit products. Provide legal advice on product design and strategy and proactively identify risks and recommend mitigation strategies.
- Be an advisor to the company and a critical part of the growth of the company. As we grow and succeed, you will help scale the development of our legal department and the entire company.
Qualifications
- 6-8 + years of combined experience at a top-tier law firm and/or in-house legal department, with a focus on regulatory compliance, federal preemption issues, fintech counseling, consumer protection and data privacy matters;
- Experience providing product counseling for technology companies, digital lending, wallets or payments systems, alternative payments, BNPL, or other similar consumer financial services;
- Understanding of federal and state laws related to consumer privacy and data use;
- Deep understanding of the regulatory landscape for consumer credit products and services; including TILA/Reg. Z, UDAAP, ECOA/Reg. B, FCRA/Reg. V, EFTA/Reg. E, payday lending, short-term lending, and similarly applicable state laws;
- Experience working with US financial services regulators (state or federal);
- Persistence, drive, and a goal-focused mindset as you own projects from initiation to completion;
- Strong attention to detail and ability to effectively prioritize tasks within a fast-paced environment;
- JD from a top law school and member in good standing of a US state bar.
Additional DetailsLocation: This is a hybrid position based out of New York City, you will be expected to come into the office at least three days a week (Tuesdays, Wednesdays, & Thursdays) with additional days on occasion for vendor and delivery management.
Compensation: The annual base salary for this role is $253,800.00. The base pay for this role is determined using many factors, such as education, skills and experience and is reflective of Clair Series stage and size. Base pay is only one part of Clair’s competitive total compensation package which includes equity, benefits and additional perks. The base pay range is subject to change and may be modified in the future.
Apart from getting to work with our incredible team, here are some of the benefits you can expect when you join Clair:
- Medical, Dental, & Vision Coverage, with option to extend to your family
- Fully-paid parental leave
- Company-sponsored 401k, HSA, and FSA
- Unlimited vacation for salaried roles, generous PTO for hourly roles
- Work from home setup allowance
- Access to your earnings every day on Clair
- Company-sponsored short-term and long-term disability insurance
Equal Opportunity Employer Information
Clair is an equal opportunity employer and we value diversity at our company. We actively seek a diverse applicant pool and do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status.
For questions, please email us at [email protected]
What We Do
Clair is a New York-based mission driven digital banking platform that provides American workers with fee-free access to their earnings anytime via our Clair Debit Mastercard and FDIC-insured Spending and Savings accounts. Clair’s On-Demand Pay product is embedded within the digital or physical punch clocks of our HR technology partners, where American workers clock in and out every day. By giving workers control and access to their earnings anytime, Clair is bringing financial confidence to America's workforce.
Clair is trusted by leading HR tech companies such as When I Work and 7Shifts and provides a valuable free employee benefit utilized by thousands of businesses across the United States.
Bank Services provided by MetaBank®, N.A., Member FDIC.
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