Assistant General Counsel

As the Assistant General Counsel at SoFi, you will focus on advising the Credit Card and Commercial Payments Services businesses on various legal matters. This includes compliance with financial regulations, drafting legal documents, and collaborating with business leaders to structure financial products. Your role involves ensuring that all aspects of SoFi's consumer credit and payment services remain compliant with existing and new laws, which is vital for protecting both the company and its customers.

To qualify for the Assistant General Counsel position at SoFi, candidates must hold a JD from an accredited law school and be a member of the appropriate bar. Additionally, you should have 4 to 6 years of experience in financial regulation, particularly within consumer credit and payments. Experience in a major law firm or as in-house counsel for a financial institution is critical to navigating the complex legal landscape you will engage with at SoFi.

The Assistant General Counsel plays a pivotal role in supporting SoFi's financial services by providing legal guidance on compliance with regulations related to credit cards and commercial payments. You will collaborate with various teams to navigate issues surrounding privacy, data security, and risk management while ensuring alignment with state and federal laws. Your insights help SoFi maintain its competitive edge while protecting customer interests.

At SoFi, the work environment for the Assistant General Counsel is collaborative, innovative, and dynamic. You will interact closely with diverse teams across the organization, including compliance, product development, and marketing, creating a stimulating atmosphere that encourages professional growth and teamwork. With a focus on an inclusive culture, SoFi fosters an environment where your legal expertise can flourish alongside your career.

Successful candidates for the Assistant General Counsel role at SoFi can expect a comprehensive benefits package, including competitive compensation, health and wellness programs, and professional development opportunities. SoFi is committed to its employees' long-term growth and well-being, so you can also look forward to a supportive environment that values work-life balance and provides resources for continuous learning.

When answering this question, be specific about your experience with laws like Regulation Z and the Equal Credit Opportunity Act. Share examples of your involvement in ensuring compliance with these regulations in previous roles, emphasizing your ability to identify and mitigate potential legal risks.

For this question, discuss your understanding of advertising compliance in financial services. Mention the importance of ensuring that all marketing materials are truthful and not misleading, and provide examples of how you have guided teams in developing compliant campaigns in past positions.

In your response, describe your method for preparing for regulatory compliance examinations. Talk about your strategies for gathering necessary documentation, collaborating with various departments, and crafting management responses that address the findings effectively while demonstrating a commitment to compliance.

Present a specific case where you addressed a complex legal challenge. Detail the steps you took to resolve the issue, including your research, collaboration with stakeholders, and the outcome. This will showcase your problem-solving skills and ability to navigate intricate legal landscapes.

When discussing how you keep current on financial regulations, mention the resources you utilize, such as industry publications, legal conferences, and professional networking. Highlight any proactive measures you've taken in the past to ensure compliance with new regulations and how this practice would benefit SoFi.

Explain your strategies for bridging the gap between legal and non-legal teams. Discuss the importance of being approachable and simplifying complex legal concepts to enhance understanding among team members, helping them to make informed decisions.

Outline your methodology for maintaining accuracy and clarity in legal documents while under time constraints. Talk about your prioritization skills, attention to detail, and use of templates or checklists that help streamline the process without compromising quality.

When answering this question, share specific examples where you successfully navigated disputes with regulators. Highlight your negotiation skills and your ability to find common ground while advocating for your organization's interests.

Provide an example that illustrates your role in shaping a product's compliance from inception. Discuss how you collaborated with product teams to identify legal challenges and proactively advised on necessary changes to ensure regulatory adherence.

In your response, express your enthusiasm for SoFi's mission and vision. Articulate how your skills and experience align with the company's strategic objectives and how you look forward to contributing to their reputation as an industry pioneer.