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SoLo Funds is an AI-powered community banking platform enabling financial autonomy for underserved communities. Launched in 2018, SoLo operates as an on-demand marketplace where members can request and fund emergency loans without predatory interest rates. The company is VC-backed, supported by Techstars, and has strategic partnerships with Visa and Kiva.
Reporting to the General Counsel, this Associate General Counsel & Director of Compliance role combines hands-on legal advisory with ownership of day-to-day compliance execution. You will serve as a legal adviser to the business while building and operating an effective compliance program.
Key responsibilities include:
**Legal Advice & Business Support:**
- Advise on legal and regulatory issues affecting consumer lending, payments, bank partnerships, and new products
- Draft, review, and negotiate commercial agreements (vendor, technology, service provider, strategic partnerships)
- Prepare and update member-facing agreements, payment authorizations, disclosures, terms of service, and privacy notices
- Partner with Product and Engineering during product development to identify legal requirements and incorporate them into design
- Review marketing materials, product claims, and member communications for compliance
- Support regulatory inquiries, examinations, investigations, disputes, and litigation coordination with outside counsel
- Assist with corporate governance, financing, transaction diligence, and other legal matters
**Compliance Program Leadership:**
- Design, implement, maintain, and improve the company-wide compliance management system (policies, procedures, risk assessments, monitoring, training, issue management, reporting)
- Oversee compliance activities for consumer protection, lending, payments, privacy, AML/KYC, sanctions, and fraud prevention
- Translate regulatory requirements into clear operational procedures, controls, and accountable practices
- Manage compliance monitoring and testing; track findings and work with business owners on remediation
- Oversee consumer complaint compliance, including escalation, trend analysis, root-cause identification, and corrective action
- Support licensing activities, regulatory filings, renewals, and ongoing reporting obligations
- Lead compliance due diligence and oversight of vendors and service providers; coordinate with bank and payment partners
- Coordinate regulatory examinations, partner reviews, and compliance audits; prepare responses and track commitments
- Monitor legal and regulatory developments and guide implementation of necessary changes
- Develop and deliver employee compliance training
- Prepare reporting to the General Counsel, management committees, and Board on compliance performance, material risks, and remediation progress
- Maintain organized compliance records and support partner and investor diligence
You will work closely with Product, Engineering, Operations, Finance, Data, Marketing, and external partners to support responsible innovation and identify, assess, and address risk.
**Requirements:**
- J.D. from an accredited law school and active membership in good standing in at least one U.S. state bar, with eligibility to practice in the role's location (including through applicable in-house counsel registration)
- At least five years of relevant legal and compliance experience; knowledge of corporate laws, transactions, and governance is a plus
- Demonstrated experience building, managing, or materially improving an operational compliance program
- Strong knowledge of consumer financial protection requirements: TILA/Regulation Z, EFTA/Regulation E, UDAAP, ECOA/Regulation B, FCRA, and applicable state lending and servicing requirements
- Familiarity with BSA/AML, KYC, OFAC sanctions, GLBA/Regulation P, state privacy laws, electronic contracting, and ACH and card payment requirements
- Experience drafting and negotiating contracts and preparing consumer agreements and disclosures
- Experience working with regulators, bank partners, auditors, or other external oversight stakeholders
- Ability to explain complex requirements clearly and recommend practical approaches that account for legal risk, business objectives, and member experience
- Strong writing, judgment, project management, and relationship-building skills
- Willingness to work directly on implementation, follow through on remediation, and manage competing priorities in a growing company
**Preferred Experience:**
- Legal/Compliance experience at a fintech company or other regulated financial services business
- Experience with community lending, small-dollar lending, bank partnership programs, or digital financial products
- Experience with state licensing, regulatory examinations, or enforcement matters
- Corporate law experience, including corporate governance, financing, commercial transactions, and general corporate matters
- Active California Bar license
- Relevant compliance certifications (CRCM or CAMS)
Benefits include remote workplace, equity participation, unlimited vacation policy, healthcare benefits & mental health days, and 401(k) plan.
