Senior Counsel, New Product Initiatives

Job description

Job Description: At Remitly, we believe everyone deserves the freedom to access, move, and manage their money wherever life takes them. Since 2011, we've tirelessly delivered on our promise to customers sending money globally, providing secure, simple, and reliable ways to manage their money, ensuring true peace of mind. Whether it's supporting loved ones back home, growing a business across continents, or pursuing new opportunities abroad, we're not just here to move money— we're here to move our global customers forward. We're looking for builders, reimaginers, and global thinkers who want to work at the intersection of technology, trust, and transformation. If that's you and you're ready to do the most meaningful work of your career—we invite you to join over 2,800 passionate Remitlians worldwide who are united by our vision to transform lives with trusted financial services that transcend borders. About the Role: Remitly is looking for a Senior Counsel, New Product Initiatives with a background in consumer and cross-border payments, stored value / prepaid, digital wallets, product development, and consumer protection. You will work with and report to our Director, Global Head of Product and Marketing Legal and work with our dynamic legal teams based in Seattle, London, Brazil, and the United Arab Emirates. You will also be part of a supportive, and close knit global business group, establishing a world-class legal function for a fast-growing financial services company. This role will be located in either Seattle or Arlington, VA. It is a hybrid role, with a Tuesday, Wednesday, Thursday in office requirement. You Will: Support new product strategies and initiatives by providing complex legal advice in a highly regulated and global financial services industry. Have the opportunity to work on providing legal support for the development and launch of a wide range of global new product initiatives Gain expertise on all legal and compliance facets of fintech products, across multiple jurisdictions. Advise our product, engineering, compliance, and marketing teams on legal requirements and risks related to modifications of existing products and implementing new financial products. Proactively identify risks and recommend reasonable mitigations. Be comfortable advising teams on unclear areas of the law and interpreting and applying the law in new contexts and translate legal advice into actionable guidance for product and business teams that follows our our core values. Assist, and work with outside counsel to obtain legal advice in other jurisdictions. If necessary, assist with regulatory interactions and internal audit inquiries. Work collaboratively and develop trusted relationships with business partners and work closely with diverse, motivated, and mission-driven cross-functional global teams to launch a wide range of consumer fintech products. Remain up-to-date on all relevant financial services regulations and guidance, industry standards, and consumer protection laws to provide exceptional legal advice. Must have the ability to thrive in an innovative and environment. You Have: J.D. or equivalent. Admitted to, and in good standing with at least one State Bar. Knowledge of consumer fintech products and experience advising cross-functional teams at all stages of the product development lifecycle. Experience with prepaid or stored value, payments and money movement, and lending laws is beneficial. Knowledge of the Bank Secrecy Act anti-money laundering regulations is also beneficial, but not required. General ability to work on commercial contracts. 6 or more years of experience practicing either in-house at a FinTech or bank, or at a law firm with a focus on financial services and products. Collaborate as part of a team, and to prioritize project management. Compensation Details. The starting base salary range for this position is typically $208,000 -$260,000. In the U.S., Remitly employees are shareholders in our Company and equity is part of our total compensation plan. Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components offered with this role. Our Benefits: Flexible paid time off Health, dental, and vision + 401k plan with company matching Paid parental, medical, military and family care leave Mental Health & Family Forming Benefits Employee Stock Purchase Plan (ESPP) Continuing education Our Connected Work Culture: Driving Innovation, Together At Remitly, we believe that true innovation sparks when we come together. Our Connected Work Culture fosters dynamic in-person collaboration, where ideas ignite and challenging problems find solutions faster. Under the Company's current hybrid-work expectations, employees in this position work onsite Tuesday through Thursday each week. Additional onsite attendance may be required based on business needs, and the Company may modify its hybrid-work expectations from time to time. These intentional in-office moments are vital for deepening relationships, fueling creativity, and ensuring your impact is felt where it matters most. Remitly is an E-Verify Employer At Remitly, we are dedicated to ensuring that our workplace offers equal employment opportunities to all employees and candidates, in full compliance with applicable laws and regulations. Remitly is an equal opportunity employer. We celebrate diversity and are committed to creating an inclusive environment for all employees.