Director, Regulatory Counsel (R14354)
Oportun, a mission-driven financial services company, is seeking a Director of Regulatory Counsel to lead its multi-state licensing and regulatory examination program. This role involves providing dedicated legal leadership for Oportun's licensing processes and serving as regulatory counsel for the Set & Save product. The successful candidate will establish strong ownership of licensing, reporting, examinations, and regulator relationships, offering practical legal guidance to support business operations within an evolving regulatory landscape.
Key responsibilities include managing Oportun's multi-state licensing program, researching and determining licensing requirements across direct-lending and fintech bank partnership models, and leading applications, renewals, maintenance, and related regulatory reporting. The Director will also coordinate responses to licensing and regulatory examinations, gather information from business partners, track obligations, and work directly with state regulators as appropriate. Monitoring legal and regulatory developments affecting state licensing requirements and true-lender laws, and advising senior leaders, Legal and Compliance partners, and business stakeholders on risks and necessary actions are also essential aspects of this role.
Candidates should have over 12 years of legal experience in financial services, with substantial experience advising on consumer financial services regulatory matters. Demonstrated experience in independently managing multi-state licensing processes, including NMLS filings, license applications, renewals, maintenance, regulatory reporting, and related requirements is required. Strong knowledge of privacy and fintech regulatory issues, and the ability to interpret and apply federal and state consumer financial services laws are essential. Proficiency in using AI tools (such as ChatGPT, Copilot, or similar) to enhance productivity is also desired. A Juris Doctor (J.D.) degree and admission to practice law in at least one U.S. jurisdiction are mandatory.
The compensation for this role ranges from $158,200 to $253,100 annually. Oportun offers a comprehensive benefits package, including medical, dental, and vision insurance, a 401(k) plan with company match, flexible paid time off, parental leave, and company-paid life and disability insurance. The company is committed to supporting the physical, financial, and professional well-being of its employees.
Oportun fosters a fast-paced and high-performance culture, encouraging employees to do their best work while making a meaningful impact on real people. The company values innovation and holds each team member to a high standard, providing opportunities for professional growth and development. If you are passionate about leveraging your legal expertise to drive positive change in the financial services industry, Oportun offers a dynamic and rewarding environment to advance your career.