AVP, FinTech Counsel

About the role

The Fintech Counsel reports directly to the VP, Corporate Counsel and is a part of the Corporate Legal Team. The Fintech Counsel will assist with the management of all legal affairs related to the bank's partnerships with financial technology (Fintech) companies. This includes contract negotiation, review of regulatory matters, and a deep understanding of the payments ecosystem and legal requirements, to go along with ongoing relationship management of the bank’s Fintech partners.

The position is remote (with periodic travel as necessary).

Responsibilities

• Contract Negotiation and Drafting: Negotiate, coordinate, and draft agreements with fintech partners, including vendor agreements, statements of work, and change orders.
• Develop and update contract templates to mitigate risk and streamline negotiations for use by internal stakeholders.
• Maintain a deep understanding of the payments ecosystem, including key players, processes, and regulatory requirements.
• Ensure compliance with legal requirements related to card issuing, money movement, and merchant acquiring.
• Deep understanding of industry frameworks, including the rules set forth by the card brands, NACHA, and The Clearinghouse.
• Regulatory Compliance Support regulatory reporting and interactions with federal and state agencies, ensuring compliance with applicable laws and regulations.
• Support risk management activities, including the development of risk assessments and risk management strategies for fintech partnerships.
• Partner Relationship Management: Identify and analyze complex legal issues, develop conclusions, and propose recommendations for issue resolution. Help manage ongoing relationships with fintech partners, ensuring commitments made in contracts are tracked and fulfilled.

Requirements

The position will require consistent work efforts in excess of 40 hours per week.

Qualifications

• Juris doctor degree from an accredited law school.
• Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority.
• Minimum 4 years of experience practicing in a corporate legal department and/or law firm with emphasis on payments, contract negotiation, and/or banking and fintech partnerships.
• Advanced knowledge of regulatory requirements related to payments financial services is preferred (card issuing, money movement, merchant acquiring, etc.).
• Advanced knowledge of payments industry self-regulatory frameworks, including NACHA and The Clearinghouse is preferred.

Skills

• Strong verbal and written communication skills, professional presentation, and organizational skills.
• Ability to think critically, creatively and with care in a fast-paced, complex work environment.
• Self-motivated, with the ability to work independently and to work collaboratively as part of a team in a busy, fast-paced.
• Business minded and problem solver.
• Strong judgment and professional.
• Desire to take on challenging assignments.
• Proficiency with Microsoft Office applications and web-based software.

Benefits

At MVB Financial Corp., (“MVB”) offers an excellent selection of benefits for regular, part-time and full-time Team Members, including:

• Medical, Dental and Vision Insurance
• Health Savings Account (HSA), Health Reimbursement Account (HRA) & Flexible Spending Accounts (FSA)
• Short- and Long-Term Disability Plan
• Group Life Insurance
• 401K Salary Deferral Plan
• Wellness Program
• Education & Tuition Expense Reimbursement
• PTO and Unique Vacation Purchase Program
• Nationwide Pet Insurance Coverage