Job Details

Fintech Corporate Counsel

Company name

Toast, Inc.

Organization Type

In-House

Job Type

Attorney

Date Last Verified

Oct 13, 2020

Valid Through

Jan 26, 2021

Posted on

Sep 23, 2020

Years of Experience

Min 5 yrs required

Location

Boston, MA, United States

Employment Type

Full-time

Industry

Legal
Practice Area
Contract Law >> Contract Law
Finance >> Finance - General
Information Technology >> Information Technology
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Profile

FinTech Corporate Counsel
Duties: Research, analyze, and provide practical advice to FinTech business units on complex legal and compliance matters related to new and existing products and services, payment processing, contract terms, and regulatory interpretation. Assist with the design of innovative financial products, including commercial and consumer credit, payment, and card products. Review multi-channel advertising materials for compliance with federal and state laws and best practices. Draft, review, update, and (if applicable) negotiate foundational documents for products and services (e.g., customer agreements, terms of service, regulatory disclosures, etc.), as well as contracts with vendors, financial institutions, and third-party service providers of financial products. Monitor evolving laws that may impact the FinTech business line and its products and services, and assist with operationalizing and implementing compliant solutions. Independently and proactively execute critical tasks necessary to mitigate risk and maintain compliant products and services. Work closely with other members of Toast’s in-house Legal and Compliance team to leverage internal subject matter expertise on product, payments, labor and employment, intellectual property, privacy, and cybersecurity, and integrate input into FinTech solutions.

Qualification and Experience

Qualifications: A JD Degree from an ABA-accredited U.S. law school, and membership in good standing to at least one state Bar. 5+ years of concentrated experience advising corporate clients on a variety of FinTech products, either in-house or at a law firm. Strong knowledge of financial regulation, including card association and payment network rules, prepaid card rules, payday lending laws, retail installment sales, and other laws applicable to acquiring, treasury, payouts, and issuing, commercial and consumer credit, BSA/AML, and CFPB regulations. Ability to analyze risks, evaluate legal issues, and provide concise written advice to a business (i.e., non-legal) audience, particularly with respect to emerging products and services. Ability to develop creative and adaptive solutions to unique and complex product design inquiries. Strong drafting skills (contracts, memoranda, etc.), with an emphasis on attention to detail. Unwavered by a rapid-paced working environment and meeting deadlines. Team-focused, positive attitude, and good sense of humor. Ability to collaborate effectively with a wide range of people in a diverse and accepting environment.

Company info

Hiring Coordinator
Toast, Inc.
401 Park Drive, Suite 801
Boston, MA 02215

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