Senior Counsel, Regulatory- Seattle or US Remote

Seattle, WA, United States

Remitly is on a mission to transform the lives of immigrants and their families by providing the most trusted financial products and services on the planet. Since 2011, we have been tirelessly delivering on our promises to immigrants sending their hard earned money home. Today, we are incredibly proud to have served millions of customers globally with Remitly and our newly launched Passbook app to provide immigrants access to banking. We strive daily to meet our promise to our customers by building peace of mind into everything we do. Join over 2,200 employees across 8 offices who are growing their careers while having a positive impact on people globally.


About the Role:

Remitly is looking for a Senior Counsel, Regulatory with a background in consumer and cross-border payments, Bank Secrecy Act, anti-money laundering and consumer protection compliance. You will work with and report to our VP of Legal for New Initiatives and our dynamic legal teams based in Seattle, Tel Aviv, and London. 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.


You Will:

  • Support new product initiatives by providing complex legal advice in a highly regulated financial services industry. Knowledge of consumer prepaid or stored value, payments and money movement, and lending laws is beneficial.
  • Advise our product, engineering, design, and go-to market teams on legal requirements and risks related to existing products, modifications of products, and launching new products.
  • Support our Compliance team with anti-money laundering, counter-terrorist financing, anti-bribery and corruption, and consumer protection compliance matters, including interpreting and advising on relevant and new laws, policies, training content and industry best practices
  • Assist, and work with outside counsel to obtain advice and represent Remitly before regulatory authorities.
  • Help respond to regulatory exams, other inquiries, and internal audits.
  • Work collaboratively and develop trusted relationships with diverse and mission-driven business partners working to improve the lives of immigrants and their families around the world.
  • Remain up-to-date on all relevant financial services and industry guidance, consumer protection laws, and regulations to provide legal advice.

Located in Seattle or US Remote. #LI-Remote


You Have:

  • J.D. or equivalent.
  • Admitted to, and in good standing with at least one State Bar.
  • 6 or more years of experience practicing either in-house in bank or fintech environments (or in an equivalent setting) or at a reputable law firm, with a focus on financial services and products, including state and federal banking, payments, and fintech-related laws and industry norms.
  • Ability to work collaboratively as part of a team, and to prioritize project management.
  • Ability to clearly present your thoughts and positions both orally and in writing.


Preferred Qualifications

  • In-depth knowledge of payments laws, regulations, and other requirements such as the Electronic Fund Transfer Act and Regulation E, Consumer Financial Protection Act's prohibition of unfair, deceptive, and abusive acts and practices, and the payments networks rules, and state money transmitter requirements.
  • Experience with and knowledge of the Bank Secrecy Act, USA Patriot Act, and implementing regulations.
  • Experience with international AML and Consumer Protection regulations.
  • Familiarity with consumer lending, credit reporting, collection, payments, and banking laws.
  • Comfortable with unclear areas of the law and interpreting and applying the law in new contexts and translating legal advice into relevant guidance for product and business teams.
  • Practical approach to counseling clients on legal risks with the ability to be detail-oriented and understand the bigger picture.
  • Willingness to learn with the ability to manage a fast-paced environment and to accept change in direction and ambiguity while adapting appropriately.


Our Benefits

  • Unlimited paid time off
  • Health, dental, and vision benefits + 401k plan with company matching
  • Company contributions to your HSA or FSA plan, if you choose one
  • Employee Stock Purchase Plan (ESPP) available for eligible employees
  • Continuing education and corridor travel benefits
  • Life, accidental death and dismemberment, and long term disability insurance
  • Paid parental leave
  • Willingness to travel.
  • General comfort with learning new software skills


Remitly is an Equal Opportunity Employer. Equal employment opportunity has been, and will continue to be, a fundamental principle at Remitly. We are committed to nondiscrimination across our global organization and in all of our business operations. Employment is determined based upon personal capabilities and qualifications without discrimination on the basis of race, creed, color, religion, sex, gender identification and expression, marital status, military status or status as an honorably discharge/veteran, pregnancy (including a woman's potential to get pregnant, pregnancy-related conditions, and childbearing), sexual orientation, age (40 and over), national origin, ancestry, citizenship or immigration status, physical, mental, or sensory disability (including the use of a trained dog guide or service animal), HIV/AIDS or hepatitis C status, genetic information, status as an actual or perceived victim of domestic violence, sexual assault, or stalking, or any other protected class as established by law.

In compliance with the Americans with Disabilities Act, Remitly will honor requests for reasonable accommodations made by individuals with disabilities.


Remitly is an E-Verify Employer


Compensation Details. The starting base salary range for this position is typically $176,000- $220,000. 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. Your recruiter can share more information about medical benefits offered, as well as other financial benefits and total compensation components offered with this role.