Product Counsel, Stripe
Payments
£109.6-164.4k
More information about location
A financial infrastructure platform for businesses
Posted today
A financial infrastructure platform for businesses
1001+ employees
Posted today
£109.6-164.4k
More information about location
1001+ employees
Company mission
To increase the GDP of the internet
Role
Who you are
- The ideal candidate is passionate about Stripe’s mission of helping businesses grow and thrive
- We’re looking for someone who is a team player and willing to jump in on tasks of any size
- Stripe operates within a complex and interwoven legal, regulatory, and financial partnership environment around the world
- We’re looking for someone with experience counseling businesses regarding payments, financial services, and financial regulations
- The ideal candidate would also be comfortable drafting and negotiating financial partner agreements involving highly regulated, often complicated products
- Some experience with APAC-based legal issues and workstreams is a huge plus
- 5+ years of experience as a qualified lawyer in a top law firm, in-house legal team and/or government agency working with financial institutions or financial technology companies on product legal matters and financial partner negotiations
- A qualified solicitor in England or Ireland
- Experience counseling product teams, technical teams, and other non-lawyers on product development and deal structure
- A passion for technology and ability to understand complex business models and product use cases quickly
- An entrepreneurial spirit – a self-starter and self-learner who thrives in a fast paced environment, deals well with ambiguity and focuses on driving impact
- Excellent judgement and capable of making smart decisions with imperfect information
- Strong communication skills (both written and verbal)
- Excellent project management skills and ability to work under tight deadlines
What the job involves
- Stripe’s Product Legal team is responsible for managing the legal and regulatory elements of the design, build and execution of our products and services
- We work on some of the hardest technical, commercial, and regulatory problems around, and we’re looking for a product lawyer to join our team
- In this role you will be a key advisor to Stripe’s product, engineering and partnerships teams, and will work on a diverse set of matters that straddle financial services, business processes, and technology
- Counsel Stripe product and partnerships teams on a range of issues including payments regulations (including for money transmission or e-money), financial partnerships, payment schemes rules, data privacy, marketing, and monetization
- Collaborate with Stripe teams, including product, partnerships, engineering, compliance, marketing, and risk on product development and commercialization
- Support the drafting and negotiation of key deals with Stripe’s financial partners
- Work closely with colleagues across Stripe’s legal team to support Stripe’s regulatory structure, scheme rule compliance, customer agreements, and financial partnerships
- Help build scalable and effective processes for legal review and launch of new products
- Draft, review, and update foundational documents for Stripe’s payments products
- Stay up-to-date, with the support of Stripe’s legal team, on international laws and regulations dealing with payments, financial services, data privacy, and marketing
- Participate as a proactive business partner to senior leaders and build relationships as a trusted advisor
Our take
Stripe, nowadays a FinTech giant, spent the first few years since its founding building up its payments business, which primarily consisted of providing an API to eCommerce businesses so that they could easily integrate a payments option in their apps or websites, where before there was none.
More recently, Stripe has started to accelerate its growth with a significantly larger range of financial services including cash advances and credit cards. They also plan to build incorporation services, fraud protection, and more, diversifying its revenue away from payments and differentiating itself from its competitors.
To further expand its position, the company is looking to triple its presence in Ireland, and extend its services to countries with vast customer potential, including Brazil and India. Its latest venture, coming atop significant new funds, is to partner with OpenAI, the company behind ChatGPT - a win-win collaboration that will monetize OpenAI’s flagship products and at the same time enhance Stripe with GPT-4, as it moves forwards with intentions to "build the payments foundation for tomorrow's AI economy."
Freddie
Company Specialist at Welcome to the Jungle
Insights
-5% employee growth in 12 months
Company
Funding (last 2 of 13 rounds)
Mar 2023
$6.5bn
GROWTH EQUITY VC
Mar 2021
$600m
SERIES H
Total funding: $8.7bn
Company benefits
- Unlimited paid time off policy
- Work from home opportunities
- Comprehensive mental, physical and medical health plans
- Fertility benefits and parental leave
- Gym membership 🇬🇧
- Food provided in the office 🇬🇧
Company HQ
SoMa, San Francisco, CA
Leadership
Patrick Collison
(Content Strategist)Studied maths at MIT before founding Stripe. Also on the board of the Long Now Foundation.
John Collison
(President)Studied at Harvard but dropped out to found Stripe.
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