Regulatory Counsel, Sunbit
$115-165k
+ Stock options
3 days a week in office (Westwood, LA)
Buy now, pay later technology platform
Be an early applicant
Buy now, pay later technology platform
201-500 employees
Be an early applicant
$115-165k
+ Stock options
3 days a week in office (Westwood, LA)
201-500 employees
Company mission
To eliminate financial waste and pass the savings back to our customers and merchant partners.
Role
Who you are
- A JD or LLM degree from an ABA-accredited university and active membership in the State Bar of California
- Preferably at least 3 years of experience counseling teams or clients on consumer finance laws and regulations, but willing to train the right candidate
- Willingness and interest in taking on new and additional responsibilities as Sunbit and its business grows
- Must be a self-starter
- Sustained interest in designing and improving procedures and resources to optimize the Legal & Compliance team’s workflow
- Ability to exercise independent legal judgment
- Ability to prioritize and manage a diverse mix of matters with minimal supervision
- Strong research, analytical, and problem-solving skills
- Impeccable organizational and project management skills
- Attention to detail is a must
- Superior interpersonal and communication skills, including distilling complicated legal matters into concise instructions, fostering a productive working relationship with federal and state regulators, and engaging directly with opposing counsel in adversarial matters
- Intellectual curiosity in consumer finance and willingness to work directly on certain compliance functions to more quickly learn
- Experience working in a heavily regulated industry is a plus
- Experience managing regulatory licensing matters is a plus
- Litigation background, especially in consumer finance, is a plus
What the job involves
- We are looking for a Regulatory Counsel to support Sunbit’s growing product offerings. You will work on assisting business partners on offering and servicing a growing portfolio of consumer-friendly and compliance-friendly consumer financial products focused on financing nondiscretionary goods and services
- In this role, you will work with the Legal & Compliance, Business, Operations, Product, and Engineering teams in providing legal and regulatory advice on consumer finance, privacy, electronic payments, consumer communications, and collections matters
- Conduct legal research and advise business partners on various consumer finance matters, including, but not limited to, consumer marketing, credit origination, servicing, electronic payments, collections, consumer privacy, data protection, and AML/BSA
- Advise business on various consumer communication campaigns and review marketing materials, customer communications, and servicing and collection materials
- Collaborate with the Legal & Compliance team to provide timely and actionable advice on the installment loan product to business, engineering, and product managers
- Monitor federal, state, and local legislative and regulatory developments and advise the Legal & Compliance team
- Review and revise internal company policies and programs, including, but not limited to, the Truth in Lending Act, Fair Lending, the Fair Debt Collection Practices Act, the Red Flag Rule, and AML/BSA
- Review, update, and create materials for the Training Department to distribute
- Work independently and/or with outside counsel to manage any litigation matters
- Oversee Sunbit’s nationwide licensing compliance program, including managing and advising on responses to state audits and examinations, working across departments to identify new licensing requirements as new products are created, and supervise staff that maintain current licenses
- Handle other projects and assignments
Our take
Buy now pay later (BNPL) options have been a lifeline for consumers who need to make essential purchases but need a bit more breathing space to pay for them. Sunbit provides a BNPL solution to service providers, retailers and consumers, helping thousands of communities where traditional financing options have previously been the only route.
Sunbit disrupts the lengthy process of getting credit, utilising its own proprietary machine learning technology to create personalized payment plans for each customer rather than relying on pre-approval based on a FICO score. Their 30-second approval process makes it an attractive option for retailers looking to increase sales as customers can get an in-store decision. Payback has 3, 6, and 9 month flexible options and the platform covers purchases of up to $10,000.
The company is looking to grow after an impressive financial investment in 2024 that reflects consumers turning to new payment options, such as BNPL. The funding is supporting its Sunbit no-fee credit card and embedded financing partnerships.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
8% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
May 2021
$130m
SERIES D
Sep 2020
$26m
SERIES C
Total funding: $211.2m
Company benefits
- Mission driven + empowered + collaborative
- Competitive pay and stock options
- Health Insurance options including Medical, Dental, Vision, Life, EAP, FSA, & Maternity Leave
- 401K Plan with Matching
- Cell Phone Stipend
- Commuter Supplement for LA Office eligible employees
- Casual Dress
- Monthly Lunches in LA HQ
Company values
- Serve others before self
- Own the impact
- Connect genuinely
- Act fast
- Include always
- Innovate for good
Articles
Leadership
Arad Levertov
(CEO)Arad served in the Israeli Defense Forces as a Major for 5 years, before spending almost 5 years at Intel. They left their role of 6 years as COO of Enova International to co-found Subnit in January 2016.
Ornit Dweck-Maizel
(CTO)Having spent 2 years as an Intel Software Developer, Ornit worked at superderivatives in R&D for 9 years. She co-founded Sunbit in 2016, serving since as CTO.
Tamir Hazan
(Head of AI)Tamir undertook a PhD in Machine Learning and Computer Vision at The Hebrew University before co-founding Sunbit with Ornit, Arad, and Tal. They have been in Analytics since June 2017.
Tal Riesenfeld
(Head of Sales)Tal served in the IDF before spending 2 years at HP in Strategic Marketing and 4 months at Google. They co-founded Eyeview in 2008, working there for 8 years prior to co-founding Sunbit in 2016.
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