Legal Counsel

🔥 23 minutes ago

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1 - 10 employees

Founded 2024

Fintech • Banking • eCommerce

OpenFX is a modern financial infrastructure company that specializes in real-time cross-border payments. It provides a comprehensive solution for finance teams, enabling quick and efficient money movement across various global corridors with support for over 40 currency pairs. OpenFX offers features such as instant settlements, transparent pricing, and 24/7 availability, allowing clients like payment service providers and neo banks to optimize their operations without historical banking limitations.

📋 Description

• Advise product and engineering teams on the legal and regulatory aspects of product design, development, and launch, with a particular focus on payment and banking products • Translate complex regulatory requirements into clear guidance that helps teams build compliant products while growing rapidly • Partner closely with business teams and compliance to develop and execute licensing and market entry strategies across multiple jurisdictions, contributing to and overseeing license applications • Provide practical, forward-thinking regulatory guidance on the complex and evolving regulatory landscape for payments, money transmission, cryptocurrency, foreign exchange, and cross-border transactions across global markets, leveraging local counsel efficiently and effectively • Identify potential regulatory risks and develop creative, pragmatic solutions to mitigate them while achieving business objectives • Provide comprehensive legal support across the full range of corporate legal matters impacting the company, including corporate governance and board matters, employment and HR issues,, intellectual property, fundraising and strategic transactions, and other general corporate legal needs as the business scales • Identify, assess, and develop mitigation strategies for legal and business risks across the organization • Serve as a strategic business partner to leadership, product, engineering, and growth teams • Manage external counsel and consultants efficiently to support the business with cost-effective, high-quality legal services • Build scalable legal processes and frameworks that support OpenFX’s rapid growth • Contribute to building a collaborative, high-performing legal function

🎯 Requirements

• JD from an accredited law school and bar membership in good standing • 7+ years of legal experience, including significant fintech or financial services background; 15+ years of experience for senior Counsel level • Strong knowledge of financial services and payments regulations • Proven ability to provide practical, business-oriented legal advice that appropriately balances risk with commercial objectives • Experience working collaboratively with product, engineering, compliance, and business teams • Excellent analytical and problem-solving skills combining creativity with meticulous attention to detail • Outstanding written and verbal communication skills • Self-starter who thrives in fast-paced, ambiguous environments and takes ownership of work • Strong project management skills and ability to manage multiple priorities and execute quickly • Knowledge and experience with cryptocurrency and/or Banking as a Service products (strongly preferred) • Startup or high-growth company experience (strongly preferred) • Significant experience with international regulatory regimes and cross-border transactions (strongly preferred)

🏖️ Benefits

• Equity in a rapidly growing, well-funded company • Opportunity to work on cutting-edge fintech challenges with global impact • Collaborative, mission-driven culture with emphasis on personal and professional growth • Direct partnership with leadership and high visibility across the organization