Privacy & Regulatory Counsel, Plaid
$179.3-267.8k
Infrastructure and APIs for FinTech
Job no longer available
Infrastructure and APIs for FinTech
1001+ employees
Job no longer available
$179.3-267.8k
1001+ employees
Company mission
Plaid's mission is to unlock financial freedom for everyone.
Role
Who you are
- The Privacy & Regulatory Counsel role is highly collaborative and requires a passion for learning new areas, digestible communication, team work, and problem-solving
- 8+ years of experience as a practicing lawyer with substantial years of experience providing solutions-oriented advice on privacy and regulatory issues, ideally to technology, financial, and/or fintech company(ies), preferably in-house or at a government agency
- Proactive team-player who is excited to roll up their sleeves (no job too big or too small), values digestible and solutions-oriented communication, leads with empathy and a growth mindset, feels comfortable crafting and recommending risk-based solutions, and is committed to collaborative and proactive problem-solving
- Excellent issue-spotter who enjoys analyzing legal issues from various angles, drafting key documents, and has strong attention to detail and organizational skills
- Deep knowledge of US financial data privacy laws and regulations (e.g., GLBA) and other state consumer privacy laws (e.g., CCPA, CPRA); working knowledge of international privacy laws, including GDPR, and excitement around learning
- Working knowledge of broad range of regulations, particularly those applicable to financial services, and excitement around deeply learning more (e.g., FCRA, Dodd-Frank Act section 1033, fairness laws, AI Acts, federal / state UDAAP statutes)
- Experience advising on AI, fairness, gaming, AML, and/or accessibility laws, as well as companies in the payments, credit reporting, and/or fraud spaces, and high-risk verticals, preferred
What the job involves
- The Enterprise Legal Services team, which includes Privacy & Regulatory, is a team of centralized legal subject matter experts who provide support across all of Plaid’s functions, including to other members of the Legal team
- Our mission is to craft empathetic, forward-looking solutions that empower our stakeholders and propel innovation and competitive differentiation
- Plaid’s Privacy & Regulatory Counsel serve a critical role in ensuring our partners not only understand and internalize our privacy and regulatory obligations, but also in building and tailoring products and features that account for the ever-evolving regulatory landscape and Plaid’s business goals and strategies
- As Privacy & Regulatory Counsel, you will collaborate with key business, legal, and compliance stakeholders to craft cutting-edge and pragmatic privacy/regulatory programs and solutions
- You will also engage in horizon scanning and regulation-monitoring to help us to anticipate and account for evolving and forthcoming rules and laws
- Closely collaborate with Plaid’s Privacy & Regulatory Counsel on all advice and work related to privacy and regulatory issues and programs
- Partner collaboratively with Product Counsel and their business counterparts to advise on privacy/regulatory issues related to Plaid’s products and to develop creative solutions
- Horizon-scanning the privacy and regulatory ecosystem and keeping the Legal organization apprised of relevant developments, as well as supporting Plaid’s Policy team on related advocacy
- Developing and refining privacy and regulatory policies, procedures, and trainings to facilitate Plaid's compliance with ever-evolving protection laws
- Serving as a key point of contact for privacy/regulatory- related questions that arise in contract negotiations, as well as from Plaid's Risk and Consumer Support teams
- Serving as a key point of contact for the marketing teams as they create content that accurately reflects Plaid's practices and vision
Our take
Plaid builds infrastructure that allows a consumer to interact with their bank account on the web through a number of third-party applications, like Venmo, Robinhood, Coinbase, Acorns and LendingClub.
Plaid has integrated with 12,000 financial institutions in the US, Canada, the UK and Europe. About a quarter of people living in North America with bank accounts have linked with Plaid through at least one of the hundreds of apps that leverage Plaid’s application program interfaces (APIs). The platform allows companies to create financial services applications without having to hire their own team of engineers to build out a tool that connects apps to its users’ bank accounts.
This is very valuable in a world where there are increasing number of fintechs, so the demand for Plaid's services are only going to grow. Despite its strong position, it has not been immune to the difficult global economic situtation and was forced to restructure at the end of 2022, laying off some of its workforce. However it is still experiencing growth and is well-positioned to weather the current economic uncertainty.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 5 rounds)
Apr 2021
$425m
SERIES D
Dec 2018
$250m
SERIES C
Total funding: $734.3m
Company benefits
- Monthly wellness stipend (gym on us)
- We offer breakfast, lunch, and dinner to keep you well-fed and healthy (when working from the office)
- From medical, life, dental and pension schemes, we’re here to support your physical, mental, and financial wellbeing
- We want everyone to feel ownership over their work - literally, which is why we offer equity to full-time Plaids
- Every Plaid is in control of their career development with our learning stipends, tools, and trainings
- We give Plaids the freedom and flexibility to choose where they work - whether that is in a Plaid office, at home in any supported location, or a mix of both!
- Two weeks of synchronous, company-wide vacation
- We want to make sure you have time to meet your personal needs with unlimited PTO
Company HQ
SoMa, San Francisco, CA
Leadership
Zach Perret
(CEO)He was a Consultant at Bain and previously a Research Fellow and Trustee at Duke before co-founding Plaid
William Hockey
(Board Director)He was previously an associate at Bain and has since moved on from Plaid to become Co-CEO at Column
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