Product Counsel, Stripe
Card Issuing
$147.8-221.6k
Salary dependent on location
More information about location
A financial infrastructure platform for businesses
Job no longer available
A financial infrastructure platform for businesses
1001+ employees
Job no longer available
$147.8-221.6k
Salary dependent on location
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 helping businesses grow and thrive in the payments space
- We’re looking for someone who is a team player and willing to jump in on tasks of any size
- Broad experience in financial technology, payments and money transmission, and experience with developer platforms and internet tech is a huge plus
- 4+ years of experience as a qualified lawyer in a top law firm, in-house legal team and/or government agency, with expertise in cards, small business lending, and capital markets and the related regulatory landscape.
- A JD degree (or local equivalent) and membership in at least one U.S. state bar
- Strong understanding of the U.S. card issuing and payments industry, including prepaid cards, debit cards, credit cards
- Relevant experience on legal issues impacting financial services and technology products, such as money transmission, privacy, consumer protection, and commercial and consumer lending
- Experience with drafting and negotiating complex partnership and/or technology deals, preferably in the financial services industry (e.g., payments, card networks, credit and/or debit cards)
- Familiarity with counseling teams that solve issues through technology by translating complex legal requirements into clear and actionable advice that helps the business move forward
- An entrepreneurial spirit: a self-starter who thrives in a fast paced environment, deals well with ambiguity and focuses on driving impact
- Excellent judgment 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
- In this role you will be a key advisor to the Stripe Issuing product team, and will work on a diverse set of matters that straddle financial services, business, and technology
- Be part of a growing team of counsel who are responsible for helping Stripe deliver banking-as-a-service products across the globe, including credit and debit card products
- Counsel Stripe Issuing product teams operating at the cutting edge intersection of technological innovation, e-commerce user experiences, and financial services compliance on a range of issues including payments, regulatory, card network rules, GTM and monetization, consumer protection, marketing, and data privacy
- Actively collaborate with a wide variety of Stripe teams, including product, engineering, partnerships, compliance, risk, and marketing, on a range of issues related to product development and commercialization
- Work closely with colleagues across Stripe’s global legal team to support Stripe's regulatory structure, its customer agreements, and strategic financial partnerships
- Help scope and build scalable and effective processes for legal review and launch of new products
- Advise on new and emerging legal and regulatory developments impacting card products, and identifying trends and potential impacts on business activities and adapting existing laws to new technologies
- Participate as a proactive and strategic business partner to senior managers and be 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
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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