VP Fintech Lending Counsel (Hybrid)
HybridSioux Falls, South Dakota, United States or Wilmington, Delaware, United States
Job Summary
Advise internal business clients on sponsored lending products, including consumer and commercial offerings, with a focus on Bank-Fintech partnership models. Engage as an embedded legal partner to product, compliance, and risk stakeholders to support the development, review, and ongoing enhancement of Fintech lending programs. Draft, review, and negotiate sponsored lending agreements, servicing agreements, and customer disclosures with external partners. Interpret statutes and regulations to provide practical legal advice on regulatory risk assessments and remediation plans for new and existing credit programs. Track legal and marketplace trends impacting Fintech credit products and communicate concise updates to internal stakeholders. Interface with external business partners and outside counsel to advocate for The Bancorp's strategic initiatives. This role reports to the Director, Lending Counsel within the Legal Department, supporting The Bancorp's delivery of innovative fintech solutions while maintaining strong regulatory discipline.
Required Qualifications
- Law degree from an accredited law school
- License to practice law and in good standing in at least one U.S. jurisdiction
- 5+ years of experience in banking, financial services, and Fintech law, working at a law firm, or in-house at a financial institution or Fintech, with an emphasis on advising financial institutions or Fintech companies on Bank-Fintech lending partnerships, credit programs, installment loans, Earned Wage Access programs, Buy-Now-Pay-Later programs, or other Fintech credit platform products
- Demonstrated experience advising on the launch and implementation of Fintech lending products (including Bank-Fintech partnership models) from product design through execution, and ongoing program support
- Strong experience working collaboratively with cross-functional product, operational and risk management stakeholders, providing practical, solutions-oriented legal guidance that supports business objectives, while addressing legal, regulatory, and supervisory requirements, and accounts for operational realities
- Must be able to communicate effectively with non-attorneys and attorneys at varying organizational levels
- Deep working knowledge of laws and regulations applicable to consumer and/or commercial lending and Fintech credit programs impacting open-end and closed-end credit, including TILA and Regulation Z, ECOA and Regulation B, FDCPA and Regulation F, FCRA and Regulation V, Military Lending Act, Servicemembers Civil Relief Act, Earned Wage Access laws, Buy-Now-Pay-Later requirements, small-dollar lending laws, state lending and servicing laws, UDAAP principles, and related supervisory guidance
- Experience drafting or negotiating Bank-Fintech partnership agreements, service provider agreements, credit program terms and conditions, consumer disclosures, commercial credit documentation, or related ancillary documents
- Familiarity with bank regulatory expectations for third-party risk management, compliance management systems, model risk, fair lending, financial crimes prevention, payment network rules, and regulatory examinations
- Excellent verbal, written, and interpersonal communication skills
- Ability to manage multiple priorities and produce accurate, professional work product under time constraints
- Ability to work with highly confidential and sensitive business information and maintain high standards of confidentiality
- Occasional travel
- Quarterly travel may be required, including periodic travel within the United States for internal meetings, external partner meetings, or conferences
- Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history
Desired Qualifications
- Candidates outside of these preferred locations may be considered based on role requirements and business needs
- The preferred work locations for this position are Sioux Falls, SD or Wilmington, DE, with a hybrid schedule
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