Product Counsel - Banking

About the role

AngelList is hiring a Product Counsel to lead legal for its newest financial products. The role involves structuring new offerings with product, engineering, and compliance teams; defining the regulatory perimeter across bank partnerships, credit, and securities; negotiating with sponsor banks, payment processors, card networks, and lenders; drafting terms, disclosures, and product agreements; partnering with Compliance to build and maintain controls, guardrails, and support models for new products; giving the general manager and executives clear recommendations and alternatives on risks and tradeoffs; and serving as the escalation point for regulators, bank partners, and outside counsel.

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.

What Guides Us

At AngelList, we are united in our purpose to accelerate innovation and build the future of private markets. Our beliefs and values shape what we work on and how we create impact. If the below resonate, we’d love to have you with us.

Our beliefs

• Our values & leadership expectations