Associate General Counsel, DailyPay
Product Counsel
$200-270k
+ Opportunity for equity ownership
On-demand pay platform
Be an early applicant
On-demand pay platform
501-1000 employees
Be an early applicant
$200-270k
+ Opportunity for equity ownership
501-1000 employees
Company mission
To build a new financial system that starts working, the minute work starts.
Role
Who you are
- 7-10+ years of legal experience, preferably at both a top law firm and as in-house commercial, regulatory or product counsel in financial services or another regulated industry
- Experience working with companies in a regulated industry, preferably the payments industry (and, in particular, working with EFTA/Reg E and TILA/Reg Z; Gramm-Leach-Bliley; UDAP/UDAAP; ESIGN Act; BSA/AML/OFAC; money transmission rules; card issuing, program management or processing; association/network/NACHA rules; PCI-DSS; privacy; and/or data security), but comparable experience in other industries will be considered
- Strong interest in integrating with and advising product teams on the development of new, innovative and compliant products in a quickly evolving legal/regulatory landscape
- Strong interest, and preferably proven ability, in leading and managing other lawyers effectively, providing guidance, mentorship and support while fostering a collaborative and inclusive work environment
- Superb leadership, interpersonal, verbal, and written communication skills
- Ability to multi-task, prioritize, and independently manage a high volume of work
What the job involves
- DailyPay is seeking a high-performing, collaborative, and enthusiastic attorney to provide legal and regulatory support to DailyPay’s fast-growing, dynamic business, focusing on product development, payment processes, and related regulatory matters
- The attorney will report to DailyPay’s Deputy General Counsel & Chief Compliance Officer, will supervise the work of a Product Counsel and will work closely with various DailyPay departments, including compliance, policy, product, marketing, procurement, and information security
- Serve as a trusted advisor to DailyPay’s product development team, playing a key role in building and launching innovative and compliant products
- Draft, review, and negotiate a broad range of complex vendor agreements and documentation to support DailyPay’s evolving business, including terms of use, master services agreements, statements of work, technology licensing agreements, partnership agreements, payment network/association agreements, and financial institution partnership agreements
- Review consumer-facing communications and disclosures with an eye toward clarity, ease of understanding, and legal and regulatory compliance
- Ensure that DailyPay’s policies and procedures are followed and that all commercial agreements comply with company policies, other contractual obligations, and applicable laws and regulations, including data privacy and data security requirements
- Engage outside counsel as needed to ensure efficient completion of legal assignments within budget constraints
- Provide legal and regulatory support to senior management and other company stakeholders
- Collaborate in the development of business processes and procedures to help scale DailyPay’s business
Our take
DailyPay hopes to transform the financial system through providing enterprises with on-demand pay solutions, including a raft of market-leading products and programs.
The fast-growing on-demand pay sector is fuelled both by added financial stressors for employees post-pandemic, and a real employee appetite for on-demand pay - in addition to hopes it will combat the draw of predatory payday loans. Multiple surveys suggest over half consider it an attractive benefit. This should incentivize adoption, as companies are likely to enjoy a competitive edge when it comes to employee recruitment and retention.
DailyPay’s leading reputation has, fortunately, attracted larger businesses who can take the hit, like Macdonalds, Kroger, and Lidl. The company has raised impressive funds which are cited to support domestic growth and international growth. This will allow DailyPay to invest in further product innovation.
Steph
Company Specialist at Welcome to the Jungle
Insights
Company
Funding (last 2 of 7 rounds)
Jan 2024
$75m
LATE VC
May 2021
$175m
SERIES D
Total funding: $279.8m
Company benefits
- 401(K) with 4% match
- Unlimited PTO
- Medical, Dental & Vision Plans
- Annual Learning Stipend
- DailyPay for DailyPay
Company values
- Do Your Research - Knowledge is power. Study, internalize and research so you can have a well-reasoned view. It’s about being prepared but also understanding that your view can change and evolve as you continue to do your research.
- Start Simple - When taking on something new, the key is to just get started. Don’t worry about automating everything, or having the perfect answer. Start simple. Test, learn, iterate.
- See The Circle - Every DailyPayer is part of this bigger mission and we are all working towards the same goal. Regardless of what you’re working on, you have a circle of colleagues that surround you. Involve them early and often, because it will make us stronger.
- Pull The Wagon - Winning takes teamwork, ambition and diligence, not egos. Pitch in and do whatever it takes to move the company forward. Leaders pull the wagon alongside the team. They don’t direct orders from it. Set the example. You’ll also probably learn more by doing so.
- Move The Line - Every day, in everything you do, challenge yourself and move the line. Push your own boundaries by focusing on incremental improvement. Be forward-thinking. Embrace change and innovation.
- We Win With Diversity - Diversity is more than just the sum of our many parts. It’s our superpower — not just the right thing to do, but how we win. Whether through our diversity of background, experience, opinions, or views, it’s how we build a sustainable business.
- Act Like An Owner - Decisions are creative opportunities for expansiveness. Be greedy for the best long-term outcome, even if it causes short-term sacrifice. Act with purpose and invent the future. Be maniacally focused on building the best long-term solutions for our stakeholders.
Company HQ
Financial District, New York, NY
Articles
Leadership
Kevin Coop
(CEO, not founder)Previous President, North America for Dun & Bradstreet and Group Exec and President at Black Knight. Was also the President of the Financial Services Division at Verisk.
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