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Director, Product and Regulatory Counsel

Nium’s Global Legal Team works at the intersection of financial technology and regulatory frameworks. Our work helps Nium build innovative products, understand and manage risks, and creatively navigate complexity and challenges.


We’re looking for a fast-learning and dynamic Director – Product and Regulatory Counsel, based in our San Francisco office, with familiarity with US money transmission licensing (MTLs), payments, banking, and financial services laws to help us continue to drive innovation and accelerate our growth. You’ll be a deeply embedded and strategic advisor to many teams across Nium including Product, Engineering, Compliance, Bank Partnerships, and Marketing.


You’ll help design and build new payments products and services, provide strategic advice about Nium’s legal and regulatory obligations in the North and South America region, and help drive our expansion into new markets.  

In this role you’ll be the lead counsel responsible for driving Nium’s efforts to obtain US MTLs, as well as licenses in LATAM (including the Brazilian Payment Institution (EMI) license). For the right candidate, this role will include people management responsibilities. 


Key Responsibilities
  • Reporting to our Global Head of Product & Regulatory Legal, you’ll be lead counsel for driving our legal and regulatory strategy across North and South America (in particular, US, Canada, Brazil, Mexico, among others).  
  • You’ll lead our efforts to obtain US MTLs and a Brazil EMI license, both of which are key company priorities. 
  • You’ll partner closely with our global product, engineering and business teams to advise on a range of issues including product development, financial services regulations, payments, consumer protection, market expansion, data privacy and intellectual property.  
  • You’ll be an ambassador to the business for Nium’s Global Legal Team and help us stay up-to-date on applicable laws and regulations dealing with financial services. 
  • You’ll be a leader on Nium’s Global Legal Team and will work collaboratively to support Nium’s legal and regulatory structure, strategic partnerships, and client agreements. 
  • You’ll help build scalable and effective processes for legal review and launch of new products and services. 


Requirements
  • You have at least 6 years of experience as a qualified lawyer in an in-house legal team, top law firm and/or government agency. 
  • You have deep familiarity with payments, fintech, or financial services laws and regulations, and have demonstrated experience in obtaining US MTLs.
  • You’re a natural leader who has previously managed others (either lawyers or non-lawyers).
  • You’re highly collaborative, are inquisitive and solutions-oriented, and have prior experience advising on product development at fast-moving technology companies. 
  • You’re biased towards action and impact, and no task is too big or too small for you; you can roll up your sleeves and get things done. 
  • You have exceptional verbal and interpersonal communication skills, can build strong relationships with business colleagues, and can simplify legal concepts and communicate them in easy-to-understand language. 
  • You exhibit genuine curiosity, are passionate about your work, and enjoy a fast-paced working environment. 
  • You’re humble with low-ego, have a strong desire to grow and learn, and have a deep commitment to your teammates. 


$200,000 - $290,000 a year

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Average salary estimate

$245000 / YEARLY (est.)
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$200000K
$290000K

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What You Should Know About Director, Product and Regulatory Counsel, Nium

Nium is on the lookout for a dynamic Director of Product and Regulatory Counsel to join our vibrant Global Legal Team in San Francisco. This role is not just about providing legal advice; it’s about being at the forefront of innovation in financial technology. Imagine guiding Nium through the complexities of U.S. money transmission licensing while shaping new payments products and services. You’ll collaborate with teams across Product, Engineering, Compliance, Bank Partnerships, and Marketing, ensuring that we meet our legal and regulatory obligations as we expand into new markets. With at least six years of experience under your belt, you should have a strong grasp of payments and fintech regulations, especially concerning U.S. MTLs and the Brazilian EMI license. You’re not just a lawyer; you're a strategic partner who thrives in fast-paced environments and loves to roll up your sleeves to get things done. Your exceptional communication skills will aid you in breaking down complex legal concepts for your colleagues, making you a vital part of our mission to innovate and grow. If you're ready to lead our legal strategy across North and South America and foster an environment where collaboration and curiosity are key, then this role is tailored just for you. Your journey at Nium awaits!

Frequently Asked Questions (FAQs) for Director, Product and Regulatory Counsel Role at Nium
What are the key responsibilities of the Director, Product and Regulatory Counsel at Nium?

The Director, Product and Regulatory Counsel at Nium is responsible for spearheading the legal and regulatory strategy across North and South America. This includes leading efforts to obtain U.S. money transmission licenses (MTLs) and a Brazilian EMI license, advising teams on financial services regulations, product development, and ensuring compliance with consumer protection laws.

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What qualifications do I need to apply for the Director, Product and Regulatory Counsel position at Nium?

To apply for the Director, Product and Regulatory Counsel role at Nium, you should possess at least six years of experience as a qualified lawyer, preferably within an in-house legal team or a top law firm. Familiarity with payments, fintech, or financial services laws is crucial, especially regarding obtaining U.S. MTLs.

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How does the Director, Product and Regulatory Counsel contribute to product development at Nium?

In the role of Director, Product and Regulatory Counsel at Nium, you will partner closely with product and engineering teams, providing strategic legal advice that directly influences product development and aligns with financial services regulations, ensuring that new offerings comply with legal requirements while fostering innovation.

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What kind of work environment should I expect as the Director, Product and Regulatory Counsel at Nium?

As the Director, Product and Regulatory Counsel at Nium, you can expect a fast-paced and collaborative work environment. Nium values inquisitive, solutions-oriented professionals who are passionate about their work and enjoy navigating legal complexities in an ever-evolving fintech landscape.

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What is the salary range for the Director, Product and Regulatory Counsel at Nium?

The salary range for the Director, Product and Regulatory Counsel position at Nium is between $200,000 and $290,000 per year, depending on experience and qualifications, alongside potential opportunities for growth within the company.

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Common Interview Questions for Director, Product and Regulatory Counsel
What is your experience with obtaining U.S. money transmission licenses for financial products?

In answering this question, showcase your specific experiences in handling U.S. MTL applications, emphasizing any successful outcomes and the strategies you used to ensure compliance with state regulations. Discuss the importance of thorough documentation and how you liaised with regulatory bodies.

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How do you stay informed about changes in financial services regulations?

Highlight your strategies for staying updated on financial services regulations, such as subscribing to relevant legal journals, participating in industry events, or being part of professional networks. Share an example of how this knowledge has positively impacted your work.

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Can you describe a time when you have worked collaboratively with product teams?

Provide an example that illustrates your collaborative approach, focusing on specific interactions with product teams. Detail the challenges faced, how you navigated them, and the successful outcome that resulted from effective communication and teamwork.

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What is your approach to simplifying complex legal concepts for non-legal colleagues?

Explain your techniques in breaking down complex legal jargon into relatable terms. You might discuss using real-world examples, visual aids, or analogies that resonate with your colleagues and enhance their understanding of legal issues.

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What leadership qualities do you believe are essential for the Director role at Nium?

Discuss key leadership qualities such as effective communication, adaptability, and being a strong advocate for collaboration. Provide examples that demonstrate how you’ve embodied these qualities in past roles, especially in managing teams through challenging projects.

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How do you prioritize legal tasks in a fast-paced environment?

Illustrate your prioritization method, such as implementing a task management system or using a tiered approach to assess urgency and importance. Mention examples from your experience where this method led to successful project completions or regulatory compliance.

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Describe your experience with financial consumer protection laws.

Talk about your familiarity with consumer protection regulations, highlighting specific laws you have worked with. Provide details about a situation where you ensured compliance and how it benefited the organization or its customers.

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How do you influence business decisions from a legal standpoint?

Share your approach to advising stakeholders on legal risks and opportunities in business decisions. Discuss past instances where your input led to significant impacts on strategy or product launches, showcasing your ability to bridge the gap between legal requirements and business needs.

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What challenges have you faced in previous roles while navigating financial services regulation?

Identify specific regulatory challenges you've confronted, such as shifts in new regulations or compliance issues. Discuss your problem-solving strategies and the proactive steps you took to overcome these hurdles, leading to successful compliance.

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Why do you want to work as the Director, Product and Regulatory Counsel at Nium?

Reflect on what excites you about working for Nium, like its innovative approach to financial technology. Articulate how your values align with the business's mission and how your expertise in legal frameworks positions you to make a positive impact in the role.

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Nium's Purpose: We exist to solve the payment challenges that unlock the full potential of the global economy. ​ Nium's Mission: We want to build THE global payments infrastructure for on-demand money movement. Nium's Vision: Our payments in...

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Full-time, on-site
DATE POSTED
January 19, 2025

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