Sr. Counsel, Digital Assets

About the role

We are seeking an experienced Sr. Product Counsel to serve as a trusted advisor to help shape the future of payments. This role serves as the go-to subject matter expert responsible for advising the business on cutting-edge, innovative and first-of-their-kind payment solutions at the center of the banking industry.

Responsibilities

• Serve as first-line legal counsel to the product team on all legal matters arising in the business unit
• Interpret and apply U.S. and international legal and regulatory frameworks and requirements applicable to payments, digital assets, blockchain, bank regulatory, and privacy including the GENIUS Act, the National Bank Act, Bank Secrecy Act (BSA), OFAC/sanctions compliance, EFTA/Reg E, UCC, UDAAP/UDAP, GLBA/Reg. P and evolving stablecoin and digital asset regulations
• Guide business partners in the launch, experimentation, and scaling of innovative cross-border payment and digital asset solutions through commercially pragmatic, risk-calibrated legal guidance
• Advise on evolving stablecoin and digital assets regulations
• Support the Product and Contracts teams in the drafting and negotiation of commercial agreements
• Partner closely with product, compliance, risk, and strategy teams to structure emerging payment, stablecoin, and blockchain solutions within evolving regulatory and network frameworks
• Draft, review and approve clear and concise public facing disclosures, disclaimers, terms of use or other public facing documents pertinent to the products
• Audit and assess legal and regulatory ambiguity and develop practical, innovation-enabling frameworks, policies, and guardrails for new products, corridors, settlement models, and payment rails
• Advises clients both on individual customer contract issues and in designing contract language that supports business objectives
• Advise on cross-border and international payment regulatory considerations, including digital assets, consumer disclosures, sanctions compliance, foreign exchange considerations, and settlement frameworks
• Draft, review and negotiate a variety of complex commercial relationships supporting the business unit objectives, including strategic partner, sales and supplier agreements
• Manage and supervise outside counsel as needed
• May manage and supervise lower-level attorneys and/or other legal personnel
• Assist with corporate governance functions
• Manage and supervise lower-level attorneys and/or other legal personnel
• Assist with corporate governance functions

Requirements

Must be able to learn new substantive areas of the law

Significant expertise and relevant experience advising financial services industry market participants regarding compliance with consumer financial services and privacy laws and regulations

Experience supporting innovative or first-to-market financial products or payment systems in fast-evolving and ambiguous regulatory environments

Strong business and product acumen, including the ability to balance innovation, regulatory risk, operational realities, and strategic business objectives

Demonstrated ability to make risk-based decisions and develop practical paths forward with imperfect or evolving regulatory guidance

Strong presentation skills and excellent written and verbal communication skills

Strong interpersonal and collaborative skills to build partnerships and alliances internally and with external partners at all levels of the organization

Comprehend and communicate complex law and regulation and judicial and regulatory interpretations of law and regulations to internal clients at all levels of the organization

Organized with ability to prioritize multiple tasks and achieve objectives in a fast-paced environment

Prior experience effectively managing outside legal resources

Unyielding commitment to highest professional ethics

Must be able to perform essential functions and physical requirements of position with or without reasonable accommodation