Assistant General Counsel

Prosper Marketplace, Inc.

San Francisco, CA(remote)

JOB DETAILS
SALARY
$262,000–$327,000 Per Year
SKILLS
Accounts Receivable, Artificial Intelligence (AI), Bank Secrecy Act, Business Operations, Business Skills, Communication Skills, Consumer Protection, Credit Cards, Equal Credit Opportunity Act (ECOA), Establish Priorities, Fair Credit Reporting Act (FCRA), Fair Debt Collection Practices Act (FDCPA), Finance, Financial Regulations, Financial Services, Government Relations, Interpersonal Skills, Leaching, Legal, Litigation, Needs Assessment, Process Development, Product Development, Public Policy, Regulations, Risk, Team Player, Truth in Lending Act (TILA)
LOCATION
San Francisco, CA
POSTED
30+ days ago

Assistant General Counsel

San Francisco, CA

Legal & Compliance - Legal /

Full-Time Employee /

Hybrid

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Your role in our mission

We are seeking a talented senior product and regulatory lawyer to join our legal department. This role will report to the General Counsel. You will join a fast-paced, collegial, and innovative team, providing legal counsel to Prosper''s product, business and operations teams, and leading the borrower-side of the business.

How you''ll make an impact

  • Serve as a senior advisor to the business on legal issues relating to our consumer platforms and general operations.
  • Lead the borrower-side legal team and provide advice to senior leaders regarding our personal loan and credit card programs
  • Work closely with Prosper's product and technology team, advising on the development of new products and services.
  • Work alongside Prosper''s Compliance team to design, develop and maintain processes and procedures.
  • Manage, review and update policies and legal agreements related to Prosper's consumer platforms.
  • Manage litigation related to the operation of Prosper's consumer platforms.
  • Represent Prosper with state and federal regulators; manage any enforcement actions, inquiries and investigations.
  • Support the General Counsel in Prosper's government relations efforts, including research and support on state and federal public policy issues.

Skills that will help you thrive

  • J.D. with solid academic credentials and a State bar member in good standing.
  • 12+ years of relevant legal experience, including at least 3+ years in-house at a financial technology company, bank, or at a top-tier law firm (in-house experience preferred, but not required).
  • A demonstrated ability to understand business needs and to serve as a trusted advisor, providing sound, transparent legal advice.
  • Ability to balance legal risk with business objectives.
  • Exceptional interpersonal communication skills and an upbeat attitude.
  • Experience with financial services regulation, such as the Gramm-Leach-Bliley Act (GLBA), Fair Credit Reporting Act, (FCRA), Truth in Lending Act (TILA)/Regulation Z, Equal Credit Opportunity Act (ECOA)/Regulation B, Credit Card Accountability Responsibility and Disclosure (CARD) Act, Bank Secrecy Act (BSA), Telephone Consumer Protection Act (TCPA), Fair Debt Collection Practices Act (FDCPA), and Electronic Fund Transfer Act (EFTA)/Regulation E

Resources to help you Prosper

  • A connected experience: We prioritize high-touch collaboration and flexibility. Whether you are working from our San Francisco or Phoenix offices or joining us as a fully remote team member, we provide the digital-first tools and intentional culture to keep you synced and supported
  • Invested in your future: A competitive salary and a 401(k) with a 5% company match to help you build long-term financial security
  • Holistic well-being: We provide the resources you need to thrive, from flexible time off and paid parental leave to an annual wellness allowance and comprehensive health coverage
  • Professional & personal growth: Take advantage of a suite of premium perks, including Udemy access, childcare assistance, pet insurance, and a bevy of additional savings through Beneplace

Interview process

  • Recruiter Call: A brief screening to discuss your experience and initial questions
  • Department Interview: Deeper dive into technical skills and project alignment with the Hiring Manager or team member
  • Team/Virtual Interview: Meet team members for collaborative discussions

$262,000 - $327,000 a year

Compensation details:

The salary range is $262,000 - $327,000 annually, plus bonus and generous benefits. In determining your salary, we will consider your location, experience, and other job-related factors.

#LI-AR1

We may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.

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About the Company

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Prosper Marketplace, Inc.

Prosper Prosper is America's fastest growing marketplace for consumer credit, with more than 2 million members and over $1,600,000,000 in funded loans. Prosper allows people to invest in each other in a way that is financially and socially rewarding. On Prosper, borrower's list loan requests between $2,000 and $35,000 and individual lenders invest as little as $25 in each loan listing they select. In addition to credit scores, ratings, and histories, investors can consider borrowers' personal loan descriptions, endorsements from friends, and community affiliations. Prosper handles the servicing of the loan on behalf of the matched borrowers and investors. Prosper Funding LLC is a wholly-owned subsidiary of Prosper Marketplace, Inc. Prosper Marketplace, Inc. is run by Executive Chairman, Steven Vermut, CEO, Aaron Vermut, and President, Ron Suber. Steve and Aaron Vermut are the founders and former managing partners of Merlin Securities, a prime brokerage service based on cutting-edge technology. Prosper Marketplace, Inc.'s investors include Sequoia Capital and Black Rock.

COMPANY SIZE
500 to 999 employees
INDUSTRY
Financial Services
FOUNDED
2005
WEBSITE
https://www.prosper.com/