Toast is driven by building the all-in-one restaurant platform that helps both US and international restaurants operate their business, increase sales, engage guests, and keep employees happy. Through its FinTech business line, Toast offers its customers and their guests access to a wide range of financial products and services, including payment processing, commercial loans, banking products (high-yield savings accounts, debit cards, and more), purchase financing options, and more!
As we expand our product line internationally, we are hiring an experienced, mid-level attorney with knowledge of multi-jurisdictional financial regulations to join our Legal team. In this role, you will provide US and international transactional and regulatory legal support to a passionate and enthusiastic team of business partners around the world, and help design creative and compliant commercial and consumer financial products for restaurants, staff, and guests. This role will allow you to lend subject matter expertise on existing products and expose you to totally new ones, and you’ll do everything in a fun and collaborative environment that values your insights, creative thinking, and intellectual curiosity. This position reports to Toast’s Assistant General Counsel, FinTech.
About this roll* (Responsibilities)
- Advise a wide range of business stakeholders across multiple teams (including Product, Operations, Engineering, Marketing, Capital Markets, Strategic Alliances, and more) on new and existing financial laws and regulations in the US, Canada, Ireland, UK, and others as Toast expands into new territories
- Represent Legal on cross-functional teams to help design and implement cutting-edge financial products, identify creative solutions to unique use cases and escalated issues, and ensure compliance with applicable laws, regulations, partner contracts, and card brand rules
- Draft and negotiate agreements with financial institutions, third-party providers of financial services, card networks, merchants, and consumers
- Research, analyze, and respond to legal and regulatory questions regarding a variety of financial products and services
- Review multi-channel advertising materials for compliance with applicable laws and best practices, and provide feedback and guidance to Marketing team stakeholders
Do you have the right ingredients*? (Requirements)
- Must hold a degree from an ABA-accredited law school, or the equivalent in your jurisdiction, and meet all professional and legal requirements necessary to practice in-house law in your jurisdiction
- 6+ years of legal experience advising corporate clients on US and international financial products and services
- Experience leading negotiations and drafting commercial agreements and consumer terms of service, specifically within the financial services industry
- Strong knowledge of financial laws and regulations and best practices across multiple jurisdictions, including applicable jurisdictional laws related to banking products, consumer protection, extensions of credit, flows of funds (including money transmission), and card association and payment network rules
- Subject matter expertise with one or more of the following products/services: commercial credit (e.g., loans, lines of credit, and/or credit cards), banking products (e.g., checking, savings, debit cards), alternative payment methods, purchase financing, merchant acquiring services, early wage access products, and/or retail installment sales. (Note: mortgage + auto financing not applicable)
- Expertise across all jurisdictions is not required, provided that you have deep experience with researching, interpreting, and advising on a variety of international financial laws
- Must possess excellent verbal and written communication skills, and be able to deliver clear and concise messaging to diverse audiences
*Bread puns are encouraged but not required
Our Spread* of Total Rewards
We strive to provide competitive compensation and benefits programs that help to attract, retain, and motivate the best and brightest people in our industry. Our total rewards package goes beyond great earnings potential and provides the means to a healthy lifestyle with the flexibility to meet Toasters’ changing needs. Learn more about our benefits at https://careers.toasttab.com/toast-benefits.
The base salary range for this role is listed below. The starting salary will be determined based on skills and experience. In addition to base salary, our total rewards components include cash compensation (overtime, bonus/commissions if eligible), equity, and benefits.
Pay Range
$165,000—$210,000 USD
We are Toasters
Diversity, Equity, and Inclusion is Baked into our Recipe for Success.
At Toast our employees are our secret ingredient. When they are powered to succeed, Toast succeeds.
The restaurant industry is one of the most diverse industries. We embrace and are excited by this diversity, believing that only through authenticity, inclusivity, high standards of respect and trust, and leading with humility will we be able to achieve our goals.
Baking inclusive principles into our company and diversity into our design provides equitable opportunities for all and enhances our ability to be first in class in all aspects of our industry.
Bready* to make a change? Apply today!
Toast is committed to creating an accessible and inclusive hiring process. As part of this commitment, we strive to provide reasonable accommodations for persons with disabilities to enable them to access the hiring process. If you need an accommodation to access the job application or interview process, please contact [email protected].
