Senior Counsel, Affirm
Product
€96-126k
+ Equity + Employee stock purchase plan
POS installment loans
Job no longer available
POS installment loans
1001+ employees
Job no longer available
€96-126k
+ Equity + Employee stock purchase plan
1001+ employees
Company mission
To deliver honest and transparent financial products that improve users' lives.
Role
Who you are
- The best candidate will be flexible enough to engage in a wide range of projects and matters in support of Affirm’s strategic objectives
- We are looking for someone who takes their work seriously, but doesn’t take themselves too seriously
- If you are an individual with humility, grit, and flexibility, this is the job for you!
- Ideal candidate will have 6+ years of related business, government, or fintech experience, preferably with a focus on Payments, Consumer Credit, Banking, or BNPL
- Relevant education. You’re a qualified lawyer with a minimum of 5 years PQE, and ideally 7 years of professional legal experience
- Someone who has established expertise in all areas of the consumer credit lifecycle, including originations, underwriting, licensing, KYC/AML, servicing, credit reporting, & collections
- A combination of private practice and in-house experience is preferred
- A quick learner who genuinely enjoys legal analysis and collaboration in a fast-paced environment - you take your work seriously, but don’t take yourself too seriously
- Experience developing creative approaches to legal challenges while providing business-focused legal advice
- Inquisitive and proactive in identifying risks and proposing creative and effective solutions
- Strong project management, critical thinking, creativity, and analytical skills
- Someone focused on maintaining positive relationships and trust with cross-functional business partners
- Passion for improving credit products and consumer experiences
What the job involves
- We are looking for an energetic and hardworking product lawyer to join our Product Counsel Legal team
- This individual will support the servicing and underwriting lifecycle for payments, BNPL loans, including underwriting, servicing, and collections
- Counsel Affirm’s Business teams and other cross-functional stakeholders on relevant consumer financial services laws and regulations affecting new and existing products and services, including the PSD2, Regulatory compliance. Advise on relevant financial regulatory requirements: including PSD2, AML/KYC, EU Directive and Dutch Consumer Rights laws. e.g. PSD2, AMLD, CBPR2, MTRs, DORA, SCA)
- Foundational legal and regulatory frameworks that cover payments, e-commerce, and online platforms
- Support Affirm’s origination and servicing of loan and payment products
- Provide strategic advice regarding EU consumer finance and protection laws
- Monitor legal and regulatory developments in consumer lending and servicing
- Be a trusted advisor and teammate, sharing legal and other expertise and support when needed
- Identify and evaluate business and legal risks and act as a trusted partner for creative legal problem-solving
- Draft terms and conditions, disclosures, review copy
- Create and solve initiatives related to new and existing Affirm products to ensure business partners are supported
Our take
Affirm offers point-of-sale loans to consumers, working with merchants like Shopify, KAYAK, and Walmart. Buy now, pay later transactions have grown in popularity in recent years, and this business is tapping into the market with a totally different approach to credit - by delivering the Affirm card, the first US debit card with the option to pay-over-time.
Boasting over 21M consumers and 337,000+ merchants, the company offers flexible payback options, ranging from 3 to 36 months. The interest rates run between 0% and 30%, so, while they are not necessarily the cheapest option, Affirm prides itself on having no fees for late payments, no hidden charges, and total transparency about what people will pay before they take out a loan.
Affirm collects payments from the customers and pays the merchants directly, shouldering the risk itself. The company has boosted its market share, expanding its availability beyond the US to include most of Canada, and continues to launch new features and create new partnerships towards bettering its offering.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
-11% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Sep 2020
$500m
SERIES G
Apr 2019
$300m
SERIES F
Total funding: $1.1bn
Company benefits
- Compensation: We have a simple, flexible, and transparent remote-first compensation structure so you can make the best decisions for yourself and your family
- Spending Wallets: Access tech, food, lifestyle, and family planning wallets for your expenses
- Supportive Communities: Get involved with our employee resource groups and community groups
- Remote-first Workforce: If your role is remote, you can set up shop anywhere in your home country
- Generous Time Off: Take the time you need when life happens
- Health Benefits: Get a plan that fits your needs
- Mental Healthcare: Take care of your mind with great mental health programs
- Parental Leave: Birth and non-birth parents get 18 weeks’ paid leave. Plus, a 4-week return-to-work transition program, at full base pay
- Away Days: We offer 20 company-wide paid days off—which help our teams collectively pause to recharge
- Learning & Development: Engage in exciting learning programs to level up your growth
Company HQ
Chinatown, San Francisco, CA
Leadership
Max Levchin
(Co-Founder & CEO)Has founded/co-founded numerous companies, holding various executive positions at each, including Paypal, Slide, Glow, HVF Labs, and SciFi VC. Also worked at large brands including Google, Yelp, Yahoo, and Evernote.
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