Avant · 1 day ago
Product Counsel, Banking
Greater Chicago Area
Full-time
Hybrid
Mid, Senior Level
$150K/yr - $190K/yr
4+ years expAvant is a fintech company seeking a motivated and experienced Product Counsel to join their legal regulatory team. The role involves providing legal guidance on Avant-branded banking products, collaborating with product managers and business partners, and ensuring compliance with financial regulations.
Consumer LendingFinanceFinancial ServicesFinTechLending
Responsibilities
Help build a best-in-class digital platform and advise on Avant’s suite of financial product offerings, focusing on our banking program
Serve as a subject matter expert on fintech regulatory issues and providing guidance on banking products, including consumer protection, payments, and money transmission laws and licensure
Partner with Avant business teams to provide legal, business, and strategic advice on the development and launch of new products, features and changes to existing products
Advise on Banking-as-a-Service (BaaS) partnerships and support relationships with partner banks, federal and state regulators (e.g., CFPB, OCC, FDIC), and payment networks
Ensure compliance with applicable federal and state laws, in close collaboration with colleagues in the legal and compliance teams
Draft and review consumer-facing disclosures, terms of service, and marketing materials for banking products to ensure compliance with all applicable regulations
Monitor new legislation and changes to existing legislation that have the potential to impact Avant’s business, and stay apprised of the regulatory environment
Work cross-departmentally with business stakeholders and members of Avant’s leadership team
Work closely with Compliance Department staff to provide legal guidance and interpretations in connection with the Compliance Management System’s functions (e.g., Advisory, Testing, BSA/AML, Risk Assessments)
Respond promptly to a wide range of complex legal requests and coordinate closely with legal department colleagues to ensure the swift delivery of smart, practical advice
Operate in a fast-paced, demanding environment and manage multiple projects to meet Avant’s strategic goals
Other tasks as assigned
Qualification
Required
J.D. degree with 4-6+ years of legal experience practicing in financial services regulatory law
Experience in-house with a consumer financial services business or a fintech company highly preferred
Direct experience supporting consumer banking products and providing legal advice on fintech partnerships
Direct experience working with federal and state regulators (e.g., CFPB, OCC, FDIC, and state banking departments) is highly preferred
Experience working with cross-functional teams
Familiarity with laws and regulations applicable to Avant and financial services, including the Dodd-Frank Act, UDAAP, GLBA, FCRA, EFTA (Regulation E), TISA (Regulation DD), BSA/AML, money transmission laws (MTLs), and payment network rules
Excellent judgment, clear communication, and business pragmatism
Intellectual curiosity and flexibility
Team-oriented and collaborative
Superior organizational and project management skills
Active and in good standing in one State Bar in the United States
Ability to obtain a legal license in good standing in the state of Illinois, e.g., Illinois Board of Admissions, Rule 716 Limited Admission of House Counsel or Rule 705 - Admission on Motion General Information
Preferred
Experience in-house with a consumer financial services business or a fintech company highly preferred
Direct experience working with federal and state regulators (e.g., CFPB, OCC, FDIC, and state banking departments) is highly preferred
Benefits
Choice of great Medical, Dental, and Vision Insurance Plan options
401(k) match
Flexible Time Off
Flexible Work Environment - (i.e. Mon/Tues/Thurs in-person)
Generous Paid Parental Leave, Adoption Assistance and Post-parental leave ramp-up program
Lunch Allowance (Fooda) and In-office Snacks
Summer Fridays
Fun In-Office and Virtual Social Events
And who doesn’t love the swag
Company
Avant
Avant is an online lending platform that offers alternatives to its clients with safe financial products.
201-500 employees
H1B Sponsorship
Avant has a track record of offering H1B sponsorships. Please note that this does not
guarantee sponsorship for this specific role. Below presents additional info for your
reference. (Data Powered by US Department of Labor)
Distribution of Different Job Fields Receiving Sponsorship
Represents job field similar to this job
Trends of Total Sponsorships
2025 (21)
2024 (23)
2023 (38)
2022 (46)
2021 (28)
2020 (21)
Funding
Current Stage
Late StageTotal Funding
$2.08BKey Investors
Ares ManagementWebBankPamlico Capital
2022-12-07Private Equity
2022-12-07Debt Financing· $250M
2022-07-14Debt Financing· $250M
Leadership Team
Matt Bochenek
CEO
Charles Whittaker
Chief Product Officer
Recent News
2025-12-17
2025-12-05
2025-11-04
Company data provided by crunchbase