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Beacon Hill’s client, a digital payments platform, is seeking a Contractor/Secondee – Product Counsel (Banking) to provide coverage during a leave.
Project details
- Role: Product Counsel (Banking)
- Location: U.S.‑based remote (Bay Area, CA, or Pacific Time Zone preferred)
- Start: Must be available to start by May 25
- Duration: Through December 2026
- Hours: 40 hours per week
- Pay: $100-$115/hour, depending on experience
Ideal Candidate Profile:
They’re a product attorney, not a compliance officer. The ideal candidate sits alongside product managers and engineers in the build process – embedded in the work, not reviewing from the outside. They’ve been in the room when decisions get made and know how to give real-time, actionable guidance. Second-line compliance, BSA/AML leadership, or risk officer backgrounds aren’t the right fit for how this role operates.
They’ve lived inside a banking product. Ideally, they’ve directly advised on either deposit account products or banking partnerships, debit card or prepaid programs, cardholder agreements, FDIC pass-through insurance, savings, direct deposit, wires, and/or overdraft – not just general payments. They understand the specific regulatory texture of these products (Reg E, Reg. II, Reg DD, consumer protection laws) and have translated that into product decisions, not just memos.
They know the bank partner model. A core part of this role is supporting our bank partner relationships. Ideally, the candidate has worked inside or across from a sponsor bank, is familiar with the structure and understands the dynamics of a bank partnership and oversight: how program agreements work, what the bank cares about, and how to move quickly without breaking the relationship.
Required qualifications:
- Juris Doctor (JD) degree and active bar membership in good standing in at least one U.S. jurisdiction
- 7+ years of combined, relevant experience in law firms, governmental agencies, and/or in-house legal departments
- Excellent active listening and communication skills
- Fluency translating legal advice into actionable guidance for creative products and collaborators
- Ability to quickly adapt and reorient in an evolving regulatory and business environment
- Familiarity with launching products and advising on the legal and regulatory aspects of product development in the technology space
- Sound, practical business judgment and creativity in solving problems
- Ability to ramp quickly and operate independently within an established team and set of workstreams
Preferred qualifications:
- Prior experience as product or regulatory counsel at either a bank or a fintech
- Prior experience in financial services and payments, and/or card network industry rules and regulations
- Experience working with OCC- and/or FDIC-regulated bank partners or in a bank partnership model
In this role, you will:
- Provide legal guidance to the Banking product and partnerships team (including product managers, engineers, and designers) on issues related to products and features throughout the entire product development lifecycle
- Advise on banking and MTL regulations at both federal and state levels, including consumer protection requirements and disclosure obligations
- Develop close, trusted relationships with business partners and stay informed on key product developments
- Support the relationship with our bank partner, including participating in regular status calls and reviewing partner-facing communications and materials
- Draft and review terms of service, cardholder agreements, legal memoranda, product policies, and product disclosures
- Work closely with other support teams (including regulatory, tax, compliance, accounting, and outside counsel) to provide guidance to business partners
- Actively cultivate creative ideas and insights into how legal frameworks can support new product developments and customer experiences
- Draft and negotiate commercial agreements affecting your products and services
- Manage and advance in-progress workstreams to maintain continuity during the coverage period
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