VP Fintech Counsel (Remote)

Work Arrangement:

***This position is available as fully remote or hybrid, depending on the location to the Sioux Falls, SD office.***

The Vice President Fintech Counsel provides legal and compliance support to The Bancorp's Fintech Solutions team and other business units, with a dual focus on credit products (e.g., consumer, commercial, leasing, commercial real estate lending, and Earned Wage Access), and deposit-related Fintech and payment products. This role partners closely with business and regulatory teams to deliver practical, risk-based legal guidance aligned with strategic goals. Reports to the Managing Director, Deputy General Counsel, Fintech Strategies. Preferred location is Sioux Falls, SD; remote work considered.

Essential Functions

Advises on legal and regulatory matters related to The Bancorp's lending strategies, maintaining familiarity with consumer and commercial lending products and related operational practices.
1. Collaborates with Clients and stakeholders to develop new credit products and draft or coordinate lending agreements, disclosures, and related documents that align with business goals and comply with legal and regulatory requirements.
2. Reviews deposit, payment and lending product marketing collateral, and customers terms/conditions from a legal perspective (e.g., considering UDAAP, Regulation Z, Regulation E, Regulation DD, FDIC deposit insurance marketing rules, etc.).
3. Supports internal Clients in connection with business development and client engagement through drafting and negotiating various agreements (such as NDAs, Program Agreements, amendments, and ancillary agreements) with The Bancorp's business partners.
4. Engages in legal research and industry monitoring related to new and emerging Fintech products and assist management in evaluating the risks and opportunities within the marketplace.
5. Interprets statutes, regulations, supervisory guidance, enforcement trends, and case law developments applicable to The Bancorp's Fintech-related business activities and provide legal advice and counsel to Clients.
6. Collaborates with The Bancorp's compliance and risk management staff on legal and regulatory matters impacting the deposit, payment, and lending functions, advises on remediation and risk mitigation strategies.
7. Effectively interfaces with The Bancorp's external business partners, auditors, and regulators and be a positive advocate for the company and its business plan and strategic initiatives.
8. Oversees the work of outside counsel in connection with any outsourced legal work.
9. Maintains knowledge of state and federal laws related to consumer and commercial lending, commercial real estate lending, leasing, and deposit products.
10. Monitors statutory, regulatory, and case law developments, assesses the impact to The Bancorp's Fintech products and services, and provides oral and written updates to impacted Clients.
11. Collaborates with other members of the Legal Department in managing legal projects and provides reporting to management committees on the status of legal projects and strategic initiatives as needed.
12. Performs other duties as assigned.

Education/Experience Requirements

• Juris Doctor (JD) from an accredited law school.
• Active license to practice law in good standing.
• 5-8 years of relevant legal experience in a law firm or in-house legal department within the financial services industry.
• Proven ability to partner with business teams across organizational levels to support strategic and operational goals.

Preferred Qualifications

• Strong knowledge of laws and regulations impacting consumer and commercial lending, deposit products, and depository institutions, including Regulation Z, Regulation B, Regulation E, Regulation DD, Regulation M FCRA, UCC Article 9, FDIC disclosures, state money transmission laws, the Military Lending Act, and SCRA.
• Familiarity with payment systems and network rules such as Visa, Mastercard, ACH, RTP, and FedNow, as well as emerging fintech models including Earned Wage Access, Buy-Now-Pay-Later (BNPL), and credit sponsorship.
• Understanding of commercial banking laws and regulatory frameworks, with the ability to conduct legal research and apply business, legal, and regulatory principles to provide sound guidance.
• Proven ability to interact with senior executives, regulators, business partners, and external counsel, and to communicate effectively both verbally and in writing.
• Highly professional, dependable, and discreet in managing confidential information, with a demonstrated ability to work independently and collaboratively in a dynamic, fast-paced environment.
• Proficient in Microsoft Office (Excel, PowerPoint, Word, Outlook) with the ability to manage shifting priorities, meet deadlines, and produce accurate work under time constraints; willingness to support The Bancorp's Core Values and travel as needed to locations including Sioux Falls, SD and Wilmington, DE.

This job will be open and accepting applications for a minimum of five days from the date it was posted.

Salary Range: $120,000 - $184,000

This information reflects the base salary pay range for this job based on current national market data. Ranges may vary based on the job's location. We offer competitive pay that varies based on individual experience, qualifications and other relevant factors. We encourage you to apply to positions that you are interested in and for which you believe you are qualified. To learn more, you are welcome to discuss with us as you move through the selection process.

Working at The Bancorp Bank, N.A. and Benefits Information: click here

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The Bancorp Bank, N.A. is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

Employment with The Bancorp Bank, N.A. includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

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