Assistant General Counsel
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Job Location:
New York City, NY - USA
Monthly Salary:
Not Disclosed
Posted on:
10 days ago
Vacancies:
1 Vacancy
Job Summary
The role:
SoFi is seeking an attorney with strong experience in consumer finance and banking regulation to support SoFi Banks deposit and cash management products as well as certain member-facing programs. The role will focus on advising SoFi Checking and Savings SoFi Money and Samsung Money by SoFi along with SoFis Pay in 4 and Global Remittance Transfer products. The attorney will also support SoFis premium membership program SoFi Plus as well as the SoFis Rewards and Referral programs and SoFis AI-enabled Support Chat. The ideal candidate brings a deep understanding of deposit operations consumer protection laws and bank regulatory requirements and can translate those rules into clear actionable guidance for business product and engineering partners.
What youll do:
- Provide day-to-day legal advice for SoFi Banks deposit and cash management products including SoFi Checking and Savings SoFi Money and Samsung Money by SoFi.
- Counsel teams on product design disclosures and operations involving deposit and cash management accounts.
- Review and approve marketing UX flows and customer communications to ensure compliance with advertising and disclosure obligations.
- Advise on interest rate funds availability and deposit insurance requirements under Regulation DD Regulation CC and FDIC rules.
- Collaborate with compliance and risk teams on UDAAP privacy BSA/AML and sanctions considerations.
- Support SoFis Pay in 4 and Global Remittance Transfer products including regulatory analysis under Regulation E and related CFPB requirements.
- Provide guidance for SoFi Plus SoFi Rewards and SoFi Referral programs including offer structures and disclosure compliance.
- Support development of SoFis AI-enabled Support Chat with attention to consumer protection and privacy laws.
- Monitor and interpret regulatory developments affecting deposits BNPL and remittance products and communicate implications to stakeholders.
- Draft and negotiate related commercial contracts and coordinate with external partners and regulators as needed.
What youll need:
- You should be an intellectually curious self-starter with strong written and oral communication skills
- JD from an accredited law school
- Member of the applicable bar
- 4 to 6 years of experience in consumer financial services and banking regulation including experience with a major law firm and/or in-house counsel experience with a major financial institution.
- Detailed knowledge of key consumer banking regulations including: Regulation DD (Truth in Savings Act); Regulation E (Electronic Funds Transfers); Regulation CC (Funds Availability); UDAAP (Unfair Deceptive or Abusive Acts or Practices); FDIC deposit insurance and signage rules; Bank Secrecy Act / AML / OFAC; Regulation P and the Gramm-Leach-Bliley Act (Privacy); NACHA rules and card network requirements relevant to debit activity; and familiarity with remittance transfer rules under Regulation E Subpart B.
- Strong written and verbal communication skills and the ability to advise across technical and non-technical teams.
- A practical business-minded approach to balancing legal risk and innovation in a dynamic fintech environment.
Key Skills
- General Counsel
- Legal Case Management
- Legal Drafting
- Litigation
- Intellectual Property Law
- Legal Counsel
- Legal Research
- Securities Law
- Employment & Labor Law
- Real Estate Law
- negotiation
- Contracts
About Company
Why do 10M+ members trust SoFi? Financial solutions for school, marriage, starting a family, home buying, retirement, or whatever’s next. Member FDIC.
