Senior Counsel, Etsy
Payments
+ Equity + Annual performance bonus
eCommerce platform for handcrafted goods
Job no longer available
eCommerce platform for handcrafted goods
1001+ employees
Job no longer available
+ Equity + Annual performance bonus
1001+ employees
Company mission
To keep human connection at the heart of commerce.
Role
Who you are
- JD (or local equivalent), and are admitted to a state bar (preferably NY or CA) or are qualified to work in-house in New York
- 6+ years at both a law firm and in-house. In-house experience at a tech, fintech, or financial service company is strongly desired
- Substantive knowledge of global payments regulation and regulatory frameworks relevant to payments and financial services systems globally
- Skilled at issue spotting and advising on other international legal and regulatory risks related to payments and financial services
- Ability to work in a high-velocity environment, meet tight deadlines and act decisively
- Ability to present complex issues in a clear and concise manner and provide succinct, practical and results-oriented legal advice
- Excellent business judgment, communication and interpersonal skills
- Experience being the primary point of contact with clients, and taking the lead in handling the legal side of a project. You often work cross-functionally across legal, compliance, business and engineering functions
- Experience in a fast paced company, with a history of advising in real-time in meetings, providing accurate guidance and pragmatic solutions
- Excellent communication skills that are persuasive and audience-tailored, and influence stakeholders’ decisions
- You independently make sound decisions in your focus area and exercise judgment balancing legal risk and business considerations
- Effective communicator both verbally and in writing. You can speak to technical payments specialists and senior business leaders, clearly articulating risk and strategies to mitigate risk to clients and executives
- Outstanding organizational skills, attention to detail and work ethic
- Excellent business, negotiation and presentation skills
- You love what you do and could work in many places, but you want to work at Etsy because you recognize that having the chance to contribute impactful work and grow a company with an outstanding mission is a rare opportunity
What the job involves
- As an Etsy Inc. employee, whether a team member of Etsy, Reverb, or Depop, you will tackle unique, meaningful, and large-scale problems alongside passionate coworkers, all the while making a rewarding impact and Keeping Commerce Human
- This is a fantastic opportunity for a highly talented individual with global payments expertise to join our growing legal team that supports Etsy’s House of Brands as a Senior Counsel, Payments
- This global role will support our rapidly growing and evolving payments business across our House of Brands (Etsy, Depop, & Reverb), advising on all aspects of payments strategy, operations and expansion, including product development, commercial transactions and ongoing relationships, and regulatory requirements
- You’ll counsel Etsy’s business, product, marketing, operations, compliance and engineering teams on the application of payment laws and regulations, helping us to build products, adopt policies and expand internationally in a way that meets our obligations, as well as the needs of our community
- You will be hitting the ground running, answering interesting questions and tackling uncharted Fintech problems
- This is a full-time position reporting to the Director II, Assistant General Counsel, Product, Marketing, and Payments
- Etsy Legal is a dynamic team of lawyers working on some of the hardest technical, commercial, and regulatory problems around - we’re looking for a great payments lawyer with deep expertise to join our team
- In this role you will work with people throughout the company to help Etsy and our brands grow in a manner that complies with payments, financial services, and other regulations that apply to Etsy across the world
- Work with business teams across our House of Brands to explore and evaluate new business opportunities in the payments space across multiple jurisdictions, to help the teams understand regulatory compliance obligations and to facilitate launch of any new payments-related products/services
- Provide day-to-day advice, resolving issues that arise in existing commercial relationships, drafting and negotiating complicated payments and other related commercial agreements, and providing ongoing legal counseling on a wide range of legal and commercial areas
- Provide thought-leadership on the evolution of Etsy’s payments strategy
- Advise the business on legal issues surrounding structuring of new and existing payments-related products from initial stages of product development through to launch and beyond
- Draft customer-facing policies for our payments products and advise on appropriate customer communications and disclosures
- Be an integral part of the payments product, engineering, and commercial teams; working with them to help design and deliver solutions that are compliant with applicable legislation, such as PSD2
- Manage local outside counsel to secure and provide tailored advice on the launch of payments products and features across various markets
- Monitor payments related legal and regulatory developments applicable to the businesses and advise on change management processes related to those developments
- Coordinate closely with subject matter experts within the global Legal team to ensure comprehensive and consistent legal risk mitigation strategies. In particular, collaborate closely with the Compliance function with identifying and complying with all relevant regulatory compliance obligations that apply to the payment operations of the Etsy group marketplaces, both within the US and internationally
- Ensure effective risk management practices in accordance with relevant laws, regulations, and company policies
- We are a global business. This role requires an attorney with experience identifying, understanding, and managing international payments legal and regulatory risks
- Of course, this is just a sample of the kinds of work this role will require! You should assume that your role will encompass other tasks, too, and that your job duties and responsibilities may change from time to time at Etsy's discretion, or otherwise applicable with local law
Our take
Created as an alternative to more corporate eCommerce sites, Etsy is a peer-to-peer (P2P) website where users buy and sell handmade crafts, vintage items, art, and photography. The online marketplace works similarly to Amazon and eBay, only with an emphasis on unique items rather than mass-produced merchandise.
Since its IPO in 2015, it has managed to hold its own in an increasingly competitive eCommerce industry, including from Amazon's handmade section that launched in 2015. Further, by providing sellers with ownership over pricing and branding, the site is attractive for those wanting to set up a business on an established platform.
However, the seller-side of Etsy is not without problems. The recent hike in transaction fees and the introduction of mandatory marketing fees for artists with high turnovers has created significant discontent amongst sellers. Etsy must reconcile these issues to ensure artists continue to operate on the same scale within the platform. It plans to attract shoppers with its message of extraordinary, handmade and affordable products.
Freddie
Company Specialist
Insights
Few candidates hear
back within 2 weeks
8% employee growth in 12 months
Company
Funding (last 2 of 6 rounds)
May 2012
$40m
LATE VC
Aug 2010
$20m
SERIES E
Total funding: $91.7m
Company benefits
- Equity (offers vary by country)
- Performance bonuses
- Paid gender neutral parental leave
- Adoption and family planning
- Back-up care
- Volunteer time off
- Donation matching
- Employee resource groups
- Global virtual events
- Employer paid health benefits
- Fitness benefits
- Wellness programming
- Mental health benefits
- 401K matching/Pension contributions
Company values
- We commit to our craft - Our work has the power to change lives. That’s why we strive to learn continuously and excel at what we do
- We minimize waste - Time, resources, and energy are precious, so we focus only on what will have the greatest impact
- We embrace differences - Diverse teams are stronger, and inclusive cultures are more resilient. When we seek out different perspectives, we make better decisions and build better products
- We dig deeper - The best solutions to meaningful challenges are rarely easy or obvious. We stay curious, balance our intuition with insights, and decide with confidence
- We lead with optimism - We believe in our mission, and we believe in each other. We see the world as it is, set ambitious goals, and inspire one another with generosity of spirit. Together, we reimagine what is possible
Company HQ
Downtown Brooklyn, NY
Articles
Leadership
Josh Silverman
(CEO)Previously senior executive at eBay, CEO of Shopping.com, CEO of Skype and President of Consumer Products & Services at American Express.
People progressing
Became the Director of International Strategy and Operations after a year and 2 months as a senior manager in the division. After nearly 5 years in that role, they became Director of Marketing and International Strategy & Operations, and six months after that was promoted to Senior Director in that same department.
Salary benchmarks
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Diversity & Inclusion at Etsy
- Diversity is a priority at Etsy, owned by everyone:
- A diverse workforce is critical to Etsy’s success—it makes us a stronger, better, more resilient and more relevant company. We have an inclusive culture and each of us actively creates opportunities for underrepresented groups to join, thrive and advance at Etsy
- We welcome all perspectives:
- As individuals, we invite a variety of viewpoints and experiences—especially when they conflict with our own. We encourage questions more than statements, and provide a safe environment in which all employees can surface and discuss concerns
- We measure and share openly:
- We contribute to broader progress by evaluating, iterating and transparently communicating our successes and failures internally and externally
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