Senior Counsel, New Product Initiatives

Job Description:

Remitly's vision is to transform lives with trusted financial services that transcend borders. Since 2011, we have been tirelessly delivering on our promises to people who send money around the world. Today, we are reimagining global financial services and building products that extend beyond traditional barriers to give customers access to more of the services they need, no matter where they call home. Join over 2,700 employees worldwide who are growing their careers with purpose and connection with our customers while having a positive impact on millions of people around the globe.

About the Role:

Remitly is looking for a Senior Counsel, New Product Initiatives with a background in consumer and cross-border payments, stored value / prepaid, digital wallets, product development, and consumer protection. You will work with and report to our VP of Legal for New Product Initiatives and work with our dynamic legal teams based in Seattle, London, Tel Aviv, Brazil, and the 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. This role will report into our VP of Legal focused on New Products and is a hybrid position and will require 2-3 days a week in one of our US-based offices in either Arlington, VA or Seattle, WA.

You Will:

• Support new product strategies and initiatives by providing complex legal advice in a highly regulated and global financial services industry.
• Advise our product, engineering, design, compliance, 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 that follows our our core values.
• 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 an innovative and 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 and digital wallets, and fintech-related laws and industry norms.
• Collaborate as part of a team, and to prioritize project management.
• Willingness to travel, as necessary.

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.

#LI-Hybrid

Our Benefits:

• Flexible paid time off
• Health, dental, and vision + 401k plan with company matching
• Paid parental, medical, military and family care leave
• Mental Health & Family Forming Benefits
• Employee Stock Purchase Plan (ESPP)
• Continuing education and travel benefits

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.