Counsel, Varo
$80-115k
Fee-free online banking platform
Be an early applicant
Fee-free online banking platform
501-1000 employees
Be an early applicant
$80-115k
501-1000 employees
Company mission
To improve the financial health of our customers through better technology and total transparency.
Role
Who you are
- J.D. from an accredited law school
- Admitted and in good and active standing to practice law in California or Utah
- 3+ years’ experience with banking / litigation law at a major law firm
- Highly intelligent as well as a high EQ with exceptional interpersonal skills and ability to develop relationships
- Excellent written, verbal, and analytical skills, with an ability to communicate complex issues in a simple way and to orchestrate plans to resolve issues and mitigate risks
- Strong negotiation skills and ability to interact with legal and business leaders internally and externally
- Process-oriented with a desire for constant improvement and development of best practices
- Strong integrity and commitment to ethics
What the job involves
- You will have a unique opportunity to join an in house experienced legal team early in your career. Our team is seeking an exceptional attorney to focus on providing legal guidance in different areas of financial services.
- You will work alongside other attorneys with other departments as we develop new products, negotiate agreements, advise on legal risk and regulatory compliance in a variety of areas, support corporate, employment and litigation matters. You will work under the guidance of experienced lawyers in these areas.
- We are looking for a highly adaptable, organized, and self-motivated individual who has a creative legal mind, amazing attention to detail, and is inspired by Varo’s mission. At Varo we believe that banking shouldn’t just work for some of us, it should work for all of us
- Partner with and support our product and marketing teams on bringing new products to market and marketing them
- Remain up-to-date on relevant industry, consumer protection, banking laws and regulations and employment laws to ensure an ongoing ability to provide sound compliance advice
- Support our contracts team in negotiating and drafting contracts with partners and suppliers to support bank initiatives as needed
- Develop strong, collaborative relationships with the business and others on the legal team
- Work cross-functionally on a variety of legal matters to support business development and innovation
- Lead and support special projects
- Work closely with our internal product, business, tax, accounting, and compliance teams, as well as with external advisors and experts
Our take
The traditional banking system leaves many US citizens underserved, with some minority groups struggling to access accounts. Varo is one of many companies offering no-fee, high-interest accounts, as it takes on the traditional banks - with additional features such as a rewards program and access to early paychecks.
With many young customers distrustful of traditional banks, Varo has capitalised on this sentiment and grown to serve more than 7 million customers. It has a number of competitors such as Chime and Step, and it's also in competition with established traditional brick-and-mortar banks. However, as the first consumer fintech to be granted a national bank charter in the US, the company is at the front of the fintech revolution with a path to future success.
In response to economic uncertainty, the bank was forced to take cost-reduction measures throughout 2022. The effect has been positive, with a drastic reduction in its burn rate, which had been a primary concern. One point of interest is a shift in marketing strategy that has seen Varo focus more on growing the number of customers using it as their main bank, as opposed to growing overall user numbers. The company also has a new tech unit named "Varo Tech".
Kirsty
Company Specialist at Welcome to the Jungle
Insights
Few candidates hear
back within 2 weeks
-12% employee growth in 12 months
Company
Funding (last 2 of 7 rounds)
Feb 2023
$50m
LATE VC
Sep 2021
$515m
SERIES E
Total funding: $1.0bn
Company benefits
- Health, dental, vision insurance
- Free life coaching and counseling
- 401k
- Office snacks and drinks
- Flexible PTO
- Company and team outings
Company values
- Customer first: Understand problems our customers are trying to solve. Respond with a sense of urgency. Build relationships that result in loyalty. Be data and insights-driven. Test everything. Achieve results through strong execution. Build a product people love.
- Take ownership: Have a bias toward action and high standards. Be accountable for the results of your work and our product. Trust others to own it.
- Stay curious: Ask why. Dare to make things better. Learn something new each day (even from mistakes). Be open to growth. Develop creative solutions.
- Make it better: Think big. Set high goals. Work toward long-term value rather than short-term wins. Create change. Be resilient.
- Respect: Treat others how you want to be treated. Listen first before being heard. Speak the truth even when it’s not easy. Assume best intentions. Bring your full self to work.
Company HQ
Financial District, San Francisco, CA
Articles
Leadership
Colin Walsh
(CEO)Former EVP at American Express. Has also worked in banking at Wells Fargo, Visa, Executive Networks, and Lloyds.
Salary benchmarks
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Diversity, Equity & Inclusion at Varo
- Varo takes a long-term, strategic approach to Diversity and Inclusion. We’re committed to building long term awareness and engagement with employees at all levels, our customers, and our communities. We grow and strengthen the Varo team by acquiring, developing, promoting, and retaining exceptional and diverse talent.
- Voluntary employee-led resource groups let us connect with each other, boost engagement, and keep important conversations going. Our groups include; "Women", that aims to increase women’s leadership roles, hiring and retention; "Adept", that sustains Varo’s efforts to support employees with physical, mental, and emotional disabilities; "Unity", that works to advance representation and opportunity for Black and African American employees; and "Pride", that helps us build a fully inclusive workplace offering education, support, and networking for LGBTQ employees.
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