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Product & Regulatory Counsel - Lending

ABOUT UNIT

Unit is a market leader in embedded finance. We offer ready-to-launch financial services - like banking and capital - and serve millions of end-users across ~100 customers, including Wix, Bill.com, Honeybook, Relay, and more.

We’re repeat founders with technical backgrounds, working hard to build a successful company that we’re proud to work at. Our product moves $40b+ annually and processes 12m+ API calls daily. We’ve raised $160m+ from top investors including Insight, Accel, and 60+ angels.

Who we’re looking for:

We are looking for a dynamic attorney to be a strategic partner for the company on a diverse set of product and regulatory matters primarily related to the lending products offered through the Unit platform. The ideal candidate: 

  • Thrives working in a fast-moving, high-growth environment, both independently and with cross-functional teams to achieve shared goals

  • Has experience counseling product and engineering teams and working closely with risk colleagues and financial institutions to build compliant products that delight users

  • Enjoys learning, developing creative solutions to novel issues, and owning projects from ideation through execution

  • Has a deep interest in and curiosity about building financial infrastructure

What you’ll be responsible for:

  • Advising the Unit team on new and updated credit products available through the Unit platform

  • Counseling the company on questions related to other product features and regulatory issues relevant to the business

  • Balancing commercial, product, regulatory and risk considerations in the design and evolution of financial products and experiences

  • Providing business-oriented, practical advice across the product lifecycle from product design to implementation, documentation, and marketing

  • Partnering with the Product, Platform, Engineering, Compliance, Implementation, Success and Go-to-Market teams in a fast-paced, product-driven environment

  • Working closely with bank customers and other key stakeholders to solicit and incorporate feedback on new products and product enhancements

  • Supporting new program and operations development, creating playbooks, processes and templates to streamline internal cross-team collaboration and improve efficiency

  • Drafting, reviewing and revising terms of service, end-user agreements, policies and procedures

  • Monitoring how legal and regulatory changes affect Unit and our customers

  • Acting as a regulatory subject matter expert for questions across the company

  • Serving as a trusted advisor and resource to leaders and builders within the company

What you’ll bring to the role:

  • A J.D. and active membership in at least one state bar

  • 4+ years of legal experience in a law firm, regulatory agency, or fast-paced in-house position in financial technology or financial services

  • Significant experience in financial services regulation, with a particular emphasis on state and federal law and regulation governing lending

  • Experience and interest in regulatory matters relating to fintech, digital banking, bank partnerships and third-party risk management.

  • Knowledge of privacy regulation a plus (GLBA, state privacy laws)

  • Enthusiasm for navigating multi-stakeholder relationships and finding simple solutions to complex problems

  • Excellent writing, oral communication, and organizational skills

Compensation Description

The base salary for this role is expected to be $180,000 - $210,000 per year. In addition, employees at Unit can expect generous benefits and may be eligible for equity. The final offer will be determined by factors including experience level, expertise, and location.

LIFE AT UNIT

Working at Unit means joining a global team on a mission to create a more equitable financial ecosystem. We’re a fast-growing team of individuals who are passionate about their work, see the big picture and always seek to empower our clients and their end-customers.

Average salary estimate

$195000 / YEARLY (est.)
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$180000K
$210000K

If an employer mentions a salary or salary range on their job, we display it as an "Employer Estimate". If a job has no salary data, Rise displays an estimate if available.

What You Should Know About Product & Regulatory Counsel - Lending, Unit

Are you an ambitious attorney looking to make an impact in the financial technology space? Join Unit as a Product & Regulatory Counsel - Lending in New York! At Unit, we're proud to be a market leader in embedded finance, transforming how businesses offer banking and capital services. With a customer roster that includes popular names like Wix and Bill.com, our innovative platform processes over $40 billion annually and boasts millions of daily API calls. We’re on the lookout for a dynamic and experienced attorney who can thrive in our fast-paced, high-growth environment. In this role, you’ll be a strategic partner, advising on new and updated credit products while balancing regulatory, commercial, and risk considerations. You’ll collaborate closely with cross-functional teams—including product, engineering, compliance, and more—to ensure our offerings are not just compliant but delightful for users. Your ability to navigate complex regulatory landscapes, coupled with your passion for developing practical solutions, will be crucial. If you possess a J.D., have over four years of relevant legal experience, and are excited about shaping the future of financial infrastructure, we'd love to hear from you. At Unit, you will not only enhance your legal expertise but also contribute to a mission that promotes a more equitable financial ecosystem. Come join us and help build compliant products that users will love!

Frequently Asked Questions (FAQs) for Product & Regulatory Counsel - Lending Role at Unit
What are the primary responsibilities of a Product & Regulatory Counsel at Unit?

As a Product & Regulatory Counsel at Unit, your key responsibilities will include advising on credit products, counseling on regulatory issues, and providing business-oriented advice across the product lifecycle. You will collaborate with teams to ensure compliance while enhancing user satisfaction and product functionality.

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What qualifications do I need to apply for the Product & Regulatory Counsel - Lending position at Unit?

To apply for the Product & Regulatory Counsel - Lending position at Unit, you should have a J.D., an active bar membership, and over four years of legal experience, preferably in fintech or financial services. Significant experience with financial services regulation, especially related to lending, is crucial.

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How does the Product & Regulatory Counsel role at Unit contribute to the company's success?

The Product & Regulatory Counsel role at Unit is crucial for designing compliant financial products that meet regulatory standards while still appealing to users. Your insights will guide product development and marketing strategies, ensuring that Unit remains a leader in the embedded finance sector.

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What skills are beneficial for a Product & Regulatory Counsel at Unit?

Key skills for a Product & Regulatory Counsel at Unit include strong writing and oral communication abilities, expertise in financial services regulation, and a knack for simplifying complex regulatory issues. Organizational skills and the ability to navigate multi-stakeholder environments will also enhance your success in this role.

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What is the compensation range for the Product & Regulatory Counsel - Lending position at Unit?

The compensation for the Product & Regulatory Counsel - Lending position at Unit ranges from $180,000 to $210,000 per year, with additional benefits and potential equity offerings, depending on experience and qualifications.

Join Rise to see the full answer
Common Interview Questions for Product & Regulatory Counsel - Lending
Can you explain your experience with financial services regulation relevant to lending?

When answering this question, highlight your previous roles where you navigated lending regulations, specific laws you’re familiar with, and how you’ve ensured compliance in past projects.

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How do you approach advising product and engineering teams on regulatory matters?

Discuss your collaborative approach, emphasizing how you bridge the gap between legal requirements and product innovation, ensuring that both compliance and user experience are prioritized.

Join Rise to see the full answer
What strategies do you use to keep up with changes in financial regulations?

Mention your habit of following industry news, attending relevant seminars, and connecting with peers in the regulatory space to stay informed about the latest trends and legislative changes.

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Describe a time when you had to handle a complex regulatory issue. What was your approach?

Use a specific example to illustrate your problem-solving skills. Explain the issue, the steps you took to address it, and the outcome, showcasing your ability to navigate challenging situations.

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In your opinion, what are the biggest challenges facing fintech compliance today?

Provide insights into current compliance challenges in the fintech industry, such as evolving regulations, balancing innovation and compliance, and working with regulatory bodies, demonstrating your depth of knowledge.

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How do you balance commercial interests with regulatory compliance?

Explain how you prioritize compliance without stifling innovation, offering examples of how you've achieved this balance in previous roles while maintaining product integrity and user satisfaction.

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What role do you see technology playing in financial services regulation in the future?

Discuss how you believe technology will continue to shape compliance efforts, such as through automation and data analysis, and how this trend can be leveraged for better product development.

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How would you handle a disagreement with a product team regarding regulatory compliance?

Emphasize your communication skills and the importance of building consensus. Describe how you would approach the discussion, focusing on facts and data to find a solution that meets both compliance and business needs.

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Can you provide an example of a regulatory challenge you helped a company overcome?

Share a specific situation where your legal expertise helped mitigate a regulatory issue, detailing the steps you took and the impact it had on the business to reflect your proactive approach.

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What excites you about working in the fintech sector?

Convey your genuine interest in fintech innovation and how you’re passionate about contributing to a more equitable financial ecosystem, aligning with Unit’s mission.

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Your Business Development & Solutions UNIT We are creating end-to-end business development solutions from production management, product development, quality control, in-country logistics and duty/fre...ight management. As a true strategic partner...

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DATE POSTED
April 5, 2025

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