Senior Legal Counsel - Commercial & Payments

About Payall

Payall Payment Systems is a fintech company transforming cross-border payments through innovative payment processing and compliance solutions for financial institutions. As a first-of-its-kind cross-border processor for banks, we combine advanced technology, payment infrastructure, and risk automation to help financial institutions simplify and modernize international payments.

About the Role

We are looking for an experienced Senior Legal Counsel - Commercial & Payments to take ownership of Payall's legal matters and provide strategic and operational legal support across the business.

This is a hands-on, independent role requiring strong commercial contracting experience and a solid understanding of the payments and fintech industry. You will work closely with executive leadership and cross-functional teams, managing legal matters from initial assessment through execution and resolution.

The role covers commercial contracting, financial services regulations, corporate governance, and legal and compliance matters. You will also coordinate with external legal counsel when specialized expertise is required.

What You Will Do

• Draft, review, and negotiate commercial agreements, including payment processing, banking, partnership, vendor, SaaS, and consulting agreements.
• Manage contract negotiations and advise on contractual risks and business obligations.
• Maintain standard contract templates and support efficient contract management.
  
• Advise on US federal and state regulations applicable to payment processing and financial services.
• Support legal matters involving BSA/AML, OFAC, FinCEN, state money transmission laws, and NACHA rules.
• Assess legal implications of new products, partnerships, and business initiatives.
• Manage day-to-day corporate legal matters, governance, and internal legal documentation.
• Advise on data privacy, intellectual property, employment, and consulting matters.
• Partner with the Compliance team on regulatory requirements and risk management.
• Coordinate with external legal counsel on specialized and international matters.
• Provide practical legal advice to executive management and business teams.
• Support strategic partnerships, business expansion, and commercial initiatives.
• Identify and mitigate legal risks while supporting business objectives.

What We Are Looking For

• 7+ years of legal experience, with a strong background in fintech, payments, banking, or financial services.
• Proven expertise in commercial contracting, particularly payment processing, banking, and financial services agreements.
• Strong knowledge of US financial services regulations, including BSA/AML, OFAC, FinCEN, and state money transmission requirements.
• Understanding of payment systems, banking relationships, and cross-border payment operations.
• Ability to independently manage a broad range of legal matters, from contract negotiations to corporate governance and regulatory advisory.
• Strong business acumen, sound legal judgment, and the ability to translate complex legal requirements into practical business solutions.
• Excellent communication and negotiation skills, with the ability to work effectively with executive leadership, financial institutions, and external counsel.
• A proactive, hands-on approach and the ability to take ownership in a fast-paced, international fintech environment.