Product Counsel - Banking

About the role

AngelList is hiring a Product Counsel to lead legal for its newest financial products. AngelList built banking infrastructure that already powers $171B+ in assets. Now it's scaling that infrastructure into a new suite of banking, payments, investment, and credit products for funds, GPs, and the LPs who back them.

You'll structure new offerings with product, engineering, and compliance; define the regulatory perimeter across bank partnerships, credit, and securities; negotiate with sponsor banks and vendors; and write the terms and disclosures. You'll partner directly with the general manager and executive team, and your judgment will shape what we ship.

Responsibilities

• Own the legal design of each new product for banking, payments, investment and credit.
• Negotiate with the sponsor banks, payment processors, card networks, and lenders.
• Draft terms, disclosures, and product agreements.
• Partner with Compliance to build and maintain controls, guardrails and support models for new products.
• Give the general manager and executives clear recommendations and alternatives on risks and tradeoffs.
• Serve as the escalation point for regulators, bank partners, and outside counsel.

What We're Looking For

• 10+ years of legal experience, with meaningful time as the lead on financial products: GC, deputy GC, or head of product legal at a fintech.
• Deep fluency in bank partnership programs, payments, money transmission, and lending regulation.
• Working knowledge of securities law as it applies to investment products (Advisers Act, broker-dealer regulation, or fund structures).
• A builder's track record: you've taken regulated financial products from zero to launch, and you like operating as the only lawyer in the room.
• Crisp, concise communication with engineers, product managers, bank partners, and regulators alike.

Compensation

The compensation for this role consists of a competitive base salary, benefits, and equity package. The base salary for this role is $300K+ annually but actual will vary based on a number of factors including a candidate’s professional background, experience, and location. Full details about our Total Rewards package will be provided during the recruitment process.

Benefits

We support your life both in and outside of work.