Product Counsel - Banking

AngelList

$300K *
Finance & Insurance
8 - 10 years of experience
Job Overview by Ladders

Qualifications

  • 10+ years of legal experience in financial products as GC, deputy GC, or head of product legal in a fintech.
  • Deep understanding of bank partnership programs, payments, money transmission, and lending regulation.
  • Working knowledge of applicable securities law (Advisers Act, broker-dealer regulation, fund structures).
  • Proven track record of launching regulated financial products from inception to market.
  • Ability to translate regulatory ambiguity into clear product decisions and risk assessments.
  • Excellent communication skills for interactions with engineers, product managers, bank partners, and regulators.

Responsibilities

  • Lead legal design for new banking, payments, investment, and credit products.
  • Negotiate with sponsors, payment processors, card networks, and lenders.
  • Draft product agreements, terms, and disclosures.
  • Collaborate with Compliance to establish controls and support models for new offerings.
  • Provide clear risk assessments and recommendations to executives and the general manager.
  • Act as the primary liaison for regulators, bank partners, and outside counsel.

Benefits

  • Support for work-life balance with flexible arrangements.
  • Encouragement for learning and growth through complementary strengths.
Full Job Description
About the Role:

AngelList is hiring a Product Counsel to lead legal for our newest financial products. AngelList built banking infrastructure that already powers $171B+ in assets. Now it's scaling that infrastructure into a new suite of banking, payments, investment, and credit products for funds, GPs, and the LPs who back them.

You'll structure new offerings with product, engineering, and compliance; define the regulatory perimeter across bank partnerships, credit, and securities; negotiate with sponsor banks and vendors; and write the terms and disclosures. You'll partner directly with the general manager and executive team, and your judgment will shape what we ship.

Responsibilities:
  • Own the legal design of each new product for banking, payments, investment and credit.
  • Negotiate with the sponsor banks, payment processors, card networks, and lenders.
  • Draft terms, disclosures, and product agreements
  • Partner with Compliance to build and maintain controls, guardrails and support models for new products.
  • Give the general manager and executives clear recommendations and alternatives on risks and tradeoffs.
  • Serve as the escalation point for regulators, bank partners, and outside counsel.

What we're looking for:
  • 10+ years of legal experience, with meaningful time as the lead on financial products: GC, deputy GC, or head of product legal at a fintech.
  • Deep fluency in bank partnership programs, payments, money transmission, and lending regulation.
  • Working knowledge of securities law as it applies to investment products (Advisers Act, broker-dealer regulation, or fund structures).
  • A builder's track record: you've taken regulated financial products from zero to launch, and you like operating as the only lawyer in the room.
  • Pragmatic judgment: you quickly translate regulatory ambiguity into clear product decisions and defensible risk calls.
  • Crisp, concise communication with engineers, product managers, bank partners, and regulators alike.


Working Here

If you don't meet every requirement above, we still encourage you to apply. We value complementary strengths and operators who learn by doing.

We operate out of hubs in New York City and San Francisco. For most roles on those teams, we work from the office at least two days per week (Tuesdays and either Wednesday or Thursday). Exceptions may be made for exceptional individual contributor candidates in other locations.

Compensation:

The compensation for this role consists of a competitive base salary, benefits, and equity package. The base salary for this role is $300K+ annually but actual will vary based on a number of factors including a candidate's professional background, experience, and location. Full details about our Total Rewards package will be provided during the recruitment process.

Benefits:

We support your life both in and outside of work.
  • Explore our benefits
  • Learn about Funders & Founders

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