Regulatory Counsel

  • Bay Area, CA
  • Employees can work remotely
  • Full-time
  • Alternate Location: New York, United States
  • Position open to remote: Yes

Company Description

Square builds common business tools in unconventional ways so more people can start, run, and grow their businesses. When Square started, it was difficult and expensive (or just plain impossible) for some businesses to take credit cards. Square made credit card payments possible for all by turning a mobile phone into a credit card reader. Since then Square has been building an entire business toolkit of both hardware and software products including Square Capital, Square Terminal, Square Payroll, and more. We’re working to find new and better ways to help businesses succeed on their own terms—and we’re looking for people like you to help shape tomorrow at Square.

Job Description

Square is looking for a regulatory counsel to support our banking and lending efforts, specifically for our new banking subsidiary (ILC). As we expand our offerings, your ideas and contributions will make an immediate impact. A creative legal mind and a sense of adventure are all required. You will report to the Legal Lead, Capital.

You will: 

  • Provide legal and regulatory advice on our products to members of the Counsel team and partners on laws relevant to banking entities and other financial services businesses such as the Gramm-Leach-Bliley Act (GLBA), Fair Credit Reporting Act (FCRA), Truth in Lending Act (TILA)/Regulation Z, Servicemembers Civil Relief Act (SCRA), Equal Credit Opportunity Act (ECOA)/Regulation B, Regulation W, UDAAP, Electronic Fund Transfer Act (EFTA)/Regulation E, Bank Secrecy Act (BSA) and other laws affecting consumer and small business credit products and regulated financial institutions

  • Advise on legal, regulatory, and industry requirements for banks

  • Analyze the impact of new applicable rules and regulations

  • Identify risk areas and develop systems and procedures to manage and reduce them

  • Balance risks and business reward

  • Work with our internal business and compliance teams, and with external advisors and experts

  • Manage projects

Qualifications

You have:

  • 5+ years experience at a law firm (with bank regulatory experience) or financial services regulatory agency

  • Experience with FinTech and banking issues

  • Knowledge of commercial lending business and deposit products

  • Excellent negotiation and drafting skills and project management ability

  • J.D. Degree

  • Membership in at least one state bar

Additional Information

At Square, we value diversity and always treat all employees and job applicants based on merit, qualifications, competence, and talent. We do not discriminate on the basis of race, religion, color, national origin, gender, sexual orientation, age, marital status, veteran status, or disability status. We will consider for employment qualified applicants with criminal histories in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance. Applicants in need of special assistance or accommodation during the interview process or in accessing our website may contact us by sending an email to assistance(at)squareup.com. We will treat your request as confidentially as possible. In your email, please include your name and preferred method of contact, and we will respond as soon as possible.

Perks

At Square, we want you to be well and thrive. Our global benefits package includes:
  • Healthcare coverage
  • Retirement Plans
  • Employee Stock Purchase Program
  • Wellness perks
  • Paid parental leave
  • Paid time off
  • Learning and Development resources