Job description

Paylocity is an award-winning provider of cloud-based HR and payroll software solutions, offering the most complete platform for the modern workforce. The company has become one of the fastest-growing HCM software providers worldwide by offering an intuitive, easy-to-use product suite that helps businesses automate and streamline HR and payroll processes, attract and retain talent, and build a strong workplace culture. While traditional HR and payroll providers automate basic HR processes such as payroll and benefits administration, Paylocity goes further by developing tools that HR and businesses need to compete for talent and deliver against the expectations of the modern workforce. We give our employees what they need to succeed, including great benefits and perks! We offer medical, dental, vision, life, disability, and a 401(k) match, as well as perks that support you, your family, and your finances. And if it’s career development you desire, we provide that, too! At Paylocity, people matter most and have always been at the heart of our business. When you feel like you belong, work is no longer work – it's personal. At Paylocity, we believe better employees lead to better companies. Workplaces and cultures that care will build the future, and at Paylocity, we’re doing just that. Join us as we change the future and transform your career! There are jobs and then there are careers . Since 1997, Paylocity has been hiring talented people, giving them big challenges, and providing the right resources to help them succeed. Our award-winning culture ensures all employees feel truly welcome, appreciated, and free to be themselves. While other companies talk about it, we make it happen. Join Paylocity and launch your career! Fully Remote (U.S. Only): This is a fully remote position, allowing you to work from home or location of record within the U.S. with no in-office requirements. You must be available five days per week during designated work hours. The work arrangement for this role is subject to change based on business needs and individual performance. This may include adjustments to on-site requirements or schedule expectations, as necessary. Position Overview The Director Senior Corporate Counsel, Financial Services serves as an in-house legal leader responsible for providing strategic legal counsel across Paylocity's financial services initiatives. This role advises the business on federal and state financial services laws and regulations, money transmission and money movement licensing, and fiduciary and trust activities. The Director partners closely with Compliance, Risk, Product, Finance, Treasury, Operations, and Technology teams, as well as external counsel and consulting partners, to structure and support new products, licensing initiatives, and corporate transactions in a highly regulated environment. The Director will be a hands-on legal leader who is comfortable operating at the intersection of financial services regulation and product strategy, and who can translate complex legal and regulatory requirements into practical, scalable business solutions. Primary Responsibilities The below represents the primary duties of the position, others may be assigned as needed. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and/or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. • Serve as the primary internal legal advisor on financial services, money movement, and fiduciary activities across Paylocity's product and service portfolio • Provide legal counsel on the formation, chartering, licensing, and ongoing operation of regulated financial services entities, including national trust bank and depository institution structures • Lead legal workstreams supporting new banking license applications and material change filings with federal banking agencies (OCC, FRB, FDIC) and state financial services regulators, in coordination with external regulatory counsel • Advise on money transmission licensing strategy and lifecycle activities through NMLS, including new state applications, renewals, material change notifications, and regulator engagement • Draft, review, and negotiate corporate, commercial, and regulatory agreements, including intercompany agreements, service agreements, sponsor bank partnership agreements, vendor and outsourcing arrangements, and account documentation • Interpret and apply federal and state financial services laws and regulations, including the Bank Secrecy Act, USA PATRIOT Act, Bank Holding Company Act, Change in Bank Control Act, Regulation W, OCC fiduciary standards (12 CFR 9), UDAAP, EFTA/Reg E, and Reg CC • Establish and maintain corporate governance, board and committee frameworks, delegated authority policies, and affiliate transaction controls required for a regulated financial services environment • Partner with Compliance to ensure BSA/AML, OFAC, KYC/CDD/EDD, and consumer financial protection obligations are embedded in product design, operations, and third-party arrangements • Manage and coordinate external counsel across regulatory, transactional, litigation, and specialty matters, including scope, fees, and quality of deliverables • Serve as legal point of contact for regulator inquiries, examinations, and enforcement matters in coordination with senior leadership and external counsel • Monitor and analyze legislative, regulatory, and supervisory developments impacting financial services and trust businesses, and translate them into actionable guidance for internal partners • Support internal audit, enterprise risk, and regulatory examination readiness activities, including responses to information requests, findings, and remediation • Provide regular updates and legal risk reporting to executive leadership, the AML Governance Committee, and other governance forums as appropriate Education and Experience • BBA / BA / BS degree required • JD required + admission to a state / DC bar • 10+ years of progressive legal experience in a combination of top-tier law firm, in-house financial services, and/or federal or state financial services regulatory agency environments required • 5 plus years leadership experience • Demonstrated experience advising on the formation, chartering, and stand-up of a national trust bank, national bank, or comparable depository institution, including engagement with the OCC and/or FRB, required • Substantive expertise in financial services regulation, e.g. UDAAP, EFTA/Reg E, Reg W, Reg CC, and related consumer financial protection regulations and money transmission licensing, including federal and state legal and regulatory frameworks • Hands-on experience with OCC, FRB, FDIC, FinCEN, CFPB, and state financial services and money transmission regulators • Working knowledge of BSA/AML, OFAC sanctions, KYC/CDD/EDD. Familiarity with fiduciary and trust legal frameworks, including OCC 12 CFR 9 and state trust laws, strongly preferred • Prior experience in payroll, HCM, spend management, embedded finance preferred Physical requirements • Ability to sit for extended periods: The role requires sitting at a desk or workstation for long periods, typically 7-8 hours a day • Use of computer and phone systems: The employee must be able to operate a computer, use phone systems, and type. This includes using multiple software programs and inquiries simultaneously Paylocity is an equal-opportunity employer. Paylocity is committed to the full inclusion of all individuals. We recruit, train, compensate, and promote regardless of race, religion, color, national origin, sex, disability, age, veteran status, and other protected status as required by applicable law. At Paylocity, we believe diversity makes us better. We embrace and encourage our employees’ differences in age, culture, ethnicity, family or marital status, gender identity or expression, language, national origin, physical and mental ability, political affiliation, race, religion or spiritual belief, sexual orientation, socio-economic status, veteran status, and other characteristics that make our employees unique. We actively cultivate these differences through our employee resource groups (ERGs), employee experiences, perspectives, talents, and approaches to drive innovation in the software and services we provide our customers. We comply with federal and state disability laws and make reasonable accommodations for applicants and employees with disabilities. To request reasonable accommodation in the job application or interview process, please contact accessibility@paylocity.com . This email address is exclusively designated for such requests, aligning with federal and state disability laws. Please do not send resumes to this email address, as they will be removed. The base pay range for this position is $179K - $205K Max /yr; however, base pay offered may vary depending on job-related knowledge, skills, and experience. This position is eligible for an annual bonus and restricted stock unit grant based on individual performance in addition to a full range of benefits outlined here. This information is provided per the relevant state and local pay transparency laws for the location in which this position will be performed. Base pay information is based on market location. Applicants should apply via www.paylocity.com/careers. Your personal data will be processed for recruitment purposes in accordance with our Notice of Privacy Practices for Job Applicants and applicable data protection laws.

Requirements

Must-haves

Position Overview
Serve as the primary internal legal advisor on financial services, money movement, and fiduciary activities across Paylocity's product and service portfolio
Provide legal counsel on the formation, chartering, licensing, and ongoing operation of regulated financial services entities, including national trust bank and depository institution structures
Advise on money transmission licensing strategy and lifecycle activities through NMLS, including new state applications, renewals, material change notifications, and regulator engagement
Establish and maintain corporate governance, board and committee frameworks, delegated authority policies, and affiliate transaction controls required for a regulated financial services environment
Partner with Compliance to ensure BSA/AML, OFAC, KYC/CDD/EDD, and consumer financial protection obligations are embedded in product design, operations, and third-party arrangements
Manage and coordinate external counsel across regulatory, transactional, litigation, and specialty matters, including scope, fees, and quality of deliverables
Serve as legal point of contact for regulator inquiries, examinations, and enforcement matters in coordination with senior leadership and external counsel
Monitor and analyze legislative, regulatory, and supervisory developments impacting financial services and trust businesses, and translate them into actionable guidance for internal partners
Support internal audit, enterprise risk, and regulatory examination readiness activities, including responses to information requests, findings, and remediation
Provide regular updates and legal risk reporting to executive leadership, the AML Governance Committee, and other governance forums as appropriate
Education and Experience
BBA / BA / BS degree required
JD required + admission to a state / DC bar
10+ years of progressive legal experience in a combination of top-tier law firm, in-house financial services, and/or federal or state financial services regulatory agency environments required
5 plus years leadership experience
Demonstrated experience advising on the formation, chartering, and stand-up of a national trust bank, national bank, or comparable depository institution, including engagement with the OCC and/or FRB, required
Hands-on experience with OCC, FRB, FDIC, FinCEN, CFPB, and state financial services and money transmission regulators
Physical requirements
Ability to sit for extended periods: The role requires sitting at a desk or workstation for long periods, typically 7-8 hours a day
Use of computer and phone systems: The employee must be able to operate a computer, use phone systems, and type. This includes using multiple software programs and inquiries simultaneously
Your personal data will be processed for recruitment purposes in accordance with our Notice of Privacy Practices for Job Applicants and applicable data protection laws.

Nice-to-haves

Working knowledge of BSA/AML, OFAC sanctions, KYC/CDD/EDD. Familiarity with fiduciary and trust legal frameworks, including OCC 12 CFR 9 and state trust laws, strongly preferred
Prior experience in payroll, HCM, spend management, embedded finance preferred

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Platform: paylocity
Effort: medium

Benefits

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Dental

Vision

401(K)