International Fintech Counsel

Recruiter: Yulia Tolo

Hiring Manager: Brooke Alkone

Job Level: P4

Toast is driven by building the all-in-one restaurant platform that helps both US and international restaurants operate their business, increase sales, engage guests, and keep employees happy. Through its FinTech business line, Toast offers its customers and their guests access to a wide range of financial products and services, including payment processing, commercial loans, banking products (high-yield savings accounts, debit cards, and more), purchase financing options, and more! 

As we expand our product line internationally, we are hiring an experienced, mid-level attorney with knowledge of multi-jurisdictional financial regulations to join our Legal team. In this role, you will provide US and international transactional and regulatory legal support to a passionate and enthusiastic team of business partners around the world, and help design creative and compliant commercial and consumer financial products for restaurants, staff, and guests. This role will allow you to lend subject matter expertise on existing products and expose you to totally new ones, and you’ll do everything in a fun and collaborative environment that values your insights, creative thinking, and intellectual curiosity. This position reports to Toast’s Assistant General Counsel, FinTech.

About this roll* (Responsibilities)

• Advise a wide range of business stakeholders across multiple teams (including Product, Operations, Engineering, Marketing, Capital Markets, Strategic Alliances, and more) on new and existing financial laws and regulations in the US, Canada, Ireland, UK, and others as Toast expands into new territories
• Represent Legal on cross-functional teams to help design and implement cutting-edge financial products, identify creative solutions to unique use cases and escalated issues, and ensure compliance with applicable laws, regulations, partner contracts, and card brand rules
• Draft and negotiate agreements with financial institutions, third-party providers of financial services, card networks, merchants, and consumers
• Research, analyze, and respond to legal and regulatory questions regarding a variety of financial products and services
• Review multi-channel advertising materials for compliance with applicable laws and best practices, and provide feedback and guidance to Marketing team stakeholders

 Do you have the right ingredients*? (Requirements)

• Must hold a degree from an ABA-accreditedABA accredited law school, or the equivalent in your jurisdiction, and meet all professional and legal requirements necessary to practice in-house law in your jurisdiction
• 6+ years of legal experience advising corporate clients on US and international financial products and services
• Experience leading negotiations and drafting commercial agreements and consumer terms of service, specifically within the financial services industry
• Strong knowledge of financial laws and regulations and best practices across multiple jurisdictions, including applicable jurisdictional laws related to banking products, consumer protection, extensions of credit, flows of funds (including money transmission), and card association and payment network rules
• Subject matter expertise with one or more of the following products/services: commercial credit (e.g., loans, lines of credit, and/or credit cards), banking products (e.g., checking, savings, debit cards), alternative payment methods, purchase financing, merchant acquiring services, early wage access products, and/or retail installment sales. (Note: mortgage + auto financing not applicable) 
• Expertise across all jurisdictions is not required, provided that you have deep experience with researching, interpreting, and advising on a variety of international financial laws

*Bread puns are encouraged but not required