Senior Counsel - Payments at Wish

| San Francisco | Remote
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Company Description

Wish is a mobile e-commerce platform that flips traditional shopping on its head. We connect hundreds of millions of people with the widest selection of delightful, surprising, and—most importantly—affordable products delivered directly to their doors. Each day on Wish, millions of customers in more than 160 countries around the world discover new products. For our over 1 million merchant partners, anyone with a good idea and a mobile phone can instantly tap into a global market. 

We're fueled by creating unique products and experiences that give people access to a new type of commerce, where all are welcome. If you’ve been searching for a supportive environment to chase your curiosity and use data to investigate the questions that matter most to you, this is the place.

Job Description

As Wish’s Senior Counsel for Payments, you will serve as our payments expert, bringing deep expertise in global payments and applying it to an e-commerce marketplace. In this role, you will support all things payments-related by providing timely, concise, and business-focused legal advice on payments and banking laws. You will need working knowledge of regulatory compliance and be able to issue spot and advise in the areas of money transmission, card processing, stored value, lending, transaction monitoring, restricted party screening, and KYC/CDD. This role will report to Wish’s Chief Compliance Officer and will also work closely with Wish’s Associate General Counsel for Product & Privacy. 

What You’ll Do

  • Advise on legal, regulatory, and industry requirements and best practices for payments and related financial services activities
  • Provide ideas, solutions, and insights on compliant new payments offerings that create meaningful value for our users and merchants
  • Project manage new payments license applications and ensure continued compliance for existing payments licenses
  • Structure, draft, negotiate, and review agreements with various financial institutions and partners, including PSPs
  • Identify risk areas and develop systems and procedures to manage and reduce risk
  • Manage and respond to any inquiries from regulatory authorities
  • Stay up to date on and analyze impact of new, pending, and upcoming regulations that will impact our payments compliance program and product offerings
  • Ensure our AML/CTF and sanctions policies and processes reflect evolving regulatory requirements
  • Work with internal stakeholders to develop, implement, and fine tune KYC processes 
  • Partner with operational teams to identify and implement any new controls/processes to comply with regulatory changes
  • Work with outside counsel and external consultants in various countries

#LI-EL1

Qualifications

  • J.D. degree and a state bar member in good standing
  • 6+ years of combined law firm, government, and/or in-house experience
  • Extensive knowledge of financial services and payments compliance requirements and regulations, including anti-money laundering, sanctions regulations, and know-your-customer requirements
  • Familiarity with and a strong interest in mobile and alternative payments, emerging payments technology, and the payments industry 
  • Understanding of payments institution regulations (EU) and stored value/e-money 
  • Knowledge of laws and regulations applicable to electronic payments, e-commerce, platforms/marketplaces, and consumer financial services
  • Prior experience with payments license application(s) and related implementations
  • Experience in drafting and negotiating complex commercial agreements 
  • Sound and practical business judgment, intellectual creativity, and problem-solving skills
  • Ability to develop positive relationships with internal partners (including senior company executives) and external stakeholders
  • Ability to learn quickly and support new areas of regulation and technology
  • Strong work ethic and collaboration skills 
  • The ability to dig into and take ownership of complex legal issues
  • Experience working in an international team a plus
  • Project management experience a plus

Additional Information

Wish values diversity and is committed to creating an inclusive work environment. We provide equal employment opportunity for all applicants and employees. We do not discriminate based on any legally-protected class or characteristic. Employment decisions are made based on qualifications, merit, and business needs. If you need assistance or accommodation due to a disability, please let your recruiter know. For job positions in San Francisco, CA, and other locations where required, we will consider for employment qualified applicants with arrest and conviction records.

Individuals applying for positions at Wish, including California residents, can see our privacy policy here.

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Technology we use

  • Engineering
    • GolangLanguages
    • JavascriptLanguages
    • KotlinLanguages
    • PythonLanguages
    • SqlLanguages
    • SwiftLanguages
    • ReactLibraries
    • ReduxLibraries
    • HadoopFrameworks
    • HiveDatabases
    • MongoDBDatabases
    • RedisDatabases

Location

Our San Francisco office is located in the Citigroup Center with direct access to BART and surrounded by amazing restaurants and coffee shops.

An Insider's view of Wish

How do you collaborate with other teams in the company?

As a Content Marketing Manager at Wish, I collaborate with multiple teams to create innovative, informative, and unique stories about Wish and our employees. As a writer, being able to discuss ideas with other teams allows me to publish original and authentic content.

Leah

Content Marketing Manager

How has your career grown since starting at the company?

My goal coming out of university was to learn how to scale the infrastructure of a growing company. Larger tech companies have mostly solved these scalability problems and Wish gave me the opportunity to solve tough problems hands on. Wish is now handling 100x the traffic since I joined and I'm still learning new things everyday.

Vitaliy

Manager, Software Engineering

What are Wish Perks + Benefits

Wish Benefits Overview

Here at Wish, one of our top priorities is to maintain the health and well-being of our employees and their families. To achieve this goal, Wish covers 100% of insurance premiums for full-time employees and their dependents. And that's not all! In addition to our amazing benefits, we proudly offer many perks like fitness reimbursement, flexible work hours, generous paid time off, Wish cash, an ESPP program and many more...

Culture
Partners with Nonprofits
Wish proudly partners with Black Girls Code, University of Waterloo WiCS and Women Who Code through volunteering and hosting events.
Friends outside of work
Eat lunch together
Open door policy
Group brainstorming sessions
Open office floor plan
Diversity
Diversity manifesto
Diversity Employee Resource Groups
Our Wish Employee Resource Groups, or WERGs as we call them, are employee-led organizations that help build awareness, educate and drive inclusivity.
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
Disability Insurance
Dental Benefits
Vision Benefits
Health Insurance Benefits
Wish covers 100% of medical, dental & vision monthly premium costs for employees and their dependents.
Life Insurance
Pet Insurance
Wellness Programs
Wish offers a fitness allowance.
Mental Health Benefits
Employee Assistance Plan - Up to 5 in-person visits with a trained professional, per issue. Additional online benefits include legal, financial, childcare, and parental leave resources.
Retirement & Stock Options Benefits
401(K)
Employee Stock Purchase Plan
Child Care & Parental Leave Benefits
Generous Parental Leave
Flexible Work Schedule
Remote Work Program
Family Medical Leave
Vacation & Time Off Benefits
Generous PTO
Paid Holidays
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
Company Outings
Game Room
Stocked Kitchen
Fitness Subsidies
Wish offers a fitness allowance.
Home Office Stipend for Remote Employees
New! All full time employees are eligible to receive a monthly work from home stipend.
Professional Development Benefits
Job Training & Conferences
Wish offers "Wish for Leaders" management training program as well as other Learning & Development workshops.
Promote from within
Mentorship program
Continuing Education stipend
Wish offers up to $500 per year for job related professional development activities.
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