Are you prepared to join the X team and help build the ultimate real-time information-sharing app, revolutionizing how people connect?
At X, we're on a mission to become the trusted global digital public square, committed to protecting freedom of speech and building the future unlimited interactivity.
Our goal is to empower every user to freely create and share ideas, fostering open public discourse without barriers.
Join us in shaping this thrilling journey where your contribution will be invaluable to our success!
Location: San Jose or New York (onsite)
Base Salary Range: $185K - 259K
We are seeking a Payments Compliance Attorney to support the creation of X's new payments functionality and related compliance requirements, as we create the app of everything.
This is a once in a career opportunity to work at a fast moving and agile company that is changing the social media landscape.
As part of the Regulatory Legal & Compliance Team, you will take a central role advising the X Payments business on legal and regulatory requirements, as product functionality develops and roll out occurs internationally.
You will need to be flexible and responsive, supporting the product team, and compliance colleagues, in the build of the required systems and controls, as expected by global financial services regulators.
You will also advise on BSA/AML and Sanctions and Export Control issues for X Corp as a whole, and support the 5 pillars of an effective AML program (internal controls, risk-based CDD, independent testing, compliance officer, and employee training).
Responsibilities: Provision of legal advice on legislative and regulatory Federal and State matters relating to payments functionality across the USA, partnering with X's Payments Product Counsel, Government Affairs, Litigation, Compliance, Privacy and other teams.
Leading on advice to X Payments and X Corp on Sanctions, Export Controls and related corporate compliance matters.
Collaborating with legal and policy colleagues to 'join the dots' between requirements impacting the X platform (content compliance, privacy compliance) and ensuring the compliant design and deployment of new payments functionality.
Supporting and collaborating with X's Chief Compliance Officer for Payments and advising on appropriate systems, controls and policies as expected by financial services regulators.
Advising on the adequacy of the X Payments risk management framework and lifecycle.
Directly contribute to and help coordinate responses to external inquiries and administrative procedures related to legal and regulatory matters, including collaborating effectively with outside counsel.
Support with regulatory engagements, in particular with State and Federal regulators, including helping to prepare materials.
Keeping abreast of global payments regulation and working with outside counsel to secure appropriate licenses in other jurisdictions.
Qualifications: Juris Doctor (JD) degree from an accredited law school.
Admission to the bar in at least one state in the USA.
8+ years of experience practicing law with a focus on payments compliance, preferably in the financial services or fintech industry.
Strong knowledge of federal and state laws and regulations governing payment services, including but not limited to, BSA/AML, Dodd-Frank, UCC, and consumer protection laws.
Experience working with payment networks, processors, and regulatory agencies such as the CFPB, OCC, and FinCEN.
Excellent analytical, communication, and problem-solving skills.
Ability to work independently and collaboratively in a fast-paced, dynamic environment.
Attention to detail and a commitment to excellence in legal and regulatory compliance.