AVP, FinTech Counsel (36)

AVP, FinTech Counsel

Job Category: FinTech Requisition Number: AVPFI002068

Full-Time Remote United States United States

Description

Here at MVB, our company culture defines the environment in which Team Members thrive. Our culture impacts a wide range of elements,including our purpose, values, expectations and goals that support growth and engagement. Our values live at the core of all that we do – Trust, Commitment, Teamwork, Adaptive, Respect, Love and Caring are our foundation for success!

MVB Financial Corp. ("MVB Financial" or "MVB"), the innovative financial holding company of MVB Bank, Inc., is publicly traded on The Nasdaq Capital Market® under the ticker "MVBF." Through its subsidiary, MVB Bank, Inc., ("MVB Bank") and the bank's subsidiaries, MVB provides services to individuals and corporate clients in the Mid-Atlantic region, as well as to Fintech, Payment and Gaming clients throughout the United States. For more information about MVB, please visit www.mvbbanking.com.

Candidates must reside in one of the following states: West Virginia, Virginia, Texas, Florida, Ohio, Pennsylvania, Maryland, Washington D.C., New York, New Jersey, Arizona, North Carolina, Georgia, or South Dakota.

The Fintech Counsel reports directly to the VP, Corporate Counsel and is a part of the Corporate Legal Team. The Fintech Counsel will assist with the management of all legal affairs related to the bank's partnerships with financial technology (Fintech) companies. This includes contract negotiation, review of regulatory matters, and a deep understanding of the payments ecosystem and legal requirements, to go along with ongoing relationship management of the bank's Fintech partners.

The position is remote (with periodic travel as necessary).

Contract Negotiation and Drafting:

• Negotiate, coordinate, and draft agreements with fintech partners, including vendor agreements, statements of work, and change orders.
• Develop and update contract templates to mitigate risk and streamline negotiations for use by internal stakeholders.

Payments Ecosystem Expertise:

• Maintain a deep understanding of the payments ecosystem, including key players, processes, and regulatory requirements.
• Ensure compliance with legal requirements related to card issuing, money movement, and merchant acquiring.
• Deep understanding of industry frameworks, including the rules set forth by the card brands, NACHA, and The Clearinghouse.

Regulatory Compliance:

• Support regulatory reporting and interactions with federal and state agencies, ensuring compliance with applicable laws and regulations.
• Support risk management activities, including the development of risk assessments and risk management strategies for fintech partnerships.

Partner Relationship Management:

• Identify and analyze complex legal issues, develop conclusions, and propose recommendations for issue resolution.
• Help manage ongoing relationships with fintech partners, ensuring commitments made in contracts are tracked and fulfilled.

The position will require consistent work efforts in excess of 40 hours per week.

Education & Work Experience:

• Juris doctor degree from an accredited law school.
• Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority.
• Minimum 4 years of experience practicing in a corporate legal department and/or law firm with emphasis on payments, contract negotiation, and/or banking and fintech partnerships.
• Advanced knowledge of regulatory requirements related to payments financial services is preferred (card issuing, money movement, merchant acquiring, etc.)
• Advanced knowledge of payments industry self-regulatory frameworks, including NACHA and The Clearinghouse is preferred.
• Strong verbal and written communication skills, professional presentation, and organizational skills.
• Ability to think critically, creatively and with care in a fast-paced, complex work environment.
• Self-motivated, with the ability to work independently and to work collaboratively as part of a team in a busy, fast-paced
• Business minded and problem solver
• Strong judgment and professional
• Desire to take on challenging assignments.
• Proficiency with Microsoft Office applications and web-based software

Benefits at MVB:

• Medical, Dental and Vision Insurance
• Health Savings Account (HSA), Health Reimbursement Account (HRA) & Flexible Spending Accounts (FSA)
• Short- and Long-Term Disability Plan
• Group Life Insurance
• 401K Salary Deferral Plan
• Wellness Program
• Education & Tuition Expense Reimbursement
• PTO and Unique Vacation Purchase Program
• Nationwide Pet Insurance Coverage

We encourage you to submit an application even if you haven't performed every job duty listed above, as your skills may be transferrable. MVB is looking for ambitious individuals with related knowledge, understanding and abilities who are willing to learn and grow. What we care about most is allowing you to develop and, in return, you help us become a stronger, more diverse and well-rounded organization.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities This employer is required to notify all applicants of their rights pursuant to federal employment laws. For further information, please review the Know Your Rights notice from the Department of Labor.