Possible is a well-funded software company that creates innovative financial products for everyday people that are more fair and affordable than existing alternatives. Today, Possible has 80 team members across the globe, serving consumers in 14 US states, and has plans to rapidly expand its services. We are looking to expand our Legal team with an attorney who will report to the General Counsel as a critical member of a leanly staffed, high functioning Legal and Compliance team. This is a fantastic opportunity to join a start-up as it enters a phase of significant growth, develop your career in an exciting and innovative industry and contribute to the execution of the company's goals in a meaningful way.
Everyone at Possible works remotely from their home, and there is no requirement to be in an office or regularly travel. Seattle-based employees may choose to work in our office, which is conveniently located between Belltown and Pike Place Market. We take the safety of our... teammates very seriously, and there is no expectation of travel until it is safe or until you are comfortable doing so. Compensation is highly competitive and includes equity ownership in the business, healthcare benefits, and uncapped sick and vacation days.
Responsibilities
- Draft and review commercial agreements and other contracts
- Advise and assist both legal and business partners about legal issues affecting vendor agreements and other business transactions
- Research and advise on licensing and corporate registration requirements for multi-state financial products and services
- Assist in responding and reviewing litigation and regulatory matters
- Advise on the development of new products and services
- Provide support for compliance group with legal interpretation of consumer finance regulations
- Drive and execute special projects to support objectives of the Legal team
- Advise and assist both legal and business partners about legal issues affecting vendor agreements and other business transactions
This Opportunity Requires
- JD and current member of at least one State bar and in good standing
- 3+years of post-admission experience at a financial institution, fintech, start-up or law firm
- Understanding of the legal and regulatory environment of consumer finance, including loans and credit cards
- An ability to negotiate with internal and external parties
- Experience in one or more of the following areas: Truth in Lending Act and Regulation Z; Equal Credit Opportunity Act and Regulation B; Fair Credit Reporting Act; Fair Debt Collections Practices Act; Unfair Deceptive and Abusive Acts or Practices; Telephone Consumer Protection Act; Electronic Funds Transfer Act (Regulation E); Electronic Signatures in Global and National Commerce Act (ESIGN); NACHA Operating Rules and Guidelines; Data Privacy and Information Security; and state licensing requirements for non-bank lenders
- An ability to pivot and adjust to new technologies, systems and communications platforms
- Intellectual curiosity and confidence practicing in gray or undeveloped areas of the law
- An ability to build relationships across the organization
Why This Is a Great Opportunity
- You would have the chance to join a mission-driven, rapidly scaling software company that is backed by some of the best investors in the world.
- We have a fun and dedicated group of people with a variety of skills and backgrounds
- Possible works hard to maintain our collaborative, transparent, and results-oriented culture
- Besides the work, we all enjoy equity in the company, the flexibility of distributed work, excellent benefits, and discretionary vacation
- We're writing what we believe is an important chapter in making access to credit more fair and affordable for a large swath of underserved customers; check out Possible’s founding story at https://www.possiblefinance.com/blog/category/possible-work/
About Possible
We are a fast-growing, fully distributed fintech startup that believes financial health is something everyone deserves, not just the affluent. We're committed to empowering the underserved with tools to better their economic situation. We promise to be transparent, serve with kindness, be responsible, and hold ourselves accountable for creating positive change. Possible is backed by leading investors such as Union Square Ventures, Canvas Ventures, and FJ Labs.
Work hours
Possible is fully distributed and has team members across the US and in Asia and Latin America. Our primary coordination hours are 9a to 3p Pacific Time.
Benefits (for US-based employees)
Joining an early-stage, venture-backed company does not mean you will sacrifice on benefits. We offer excellent medical, dental, and vision coverage and pay 85% of employee premiums and 50% of eligible dependent premiums. We also offer childcare and healthcare FSAs; life and disability (short- and long-term) insurance; an Employee Assistant Program; and a 401(k) plan.
Possible is proud to be an Equal Opportunity Employer
