Discover. A brighter future.
With us, you’ll do meaningful work from Day 1. Our collaborative culture is built on three core behaviors: We Play to Win, We Get Better Every Day & We Succeed Together. And we mean it — we want you to grow and make a difference at one of the world's leading digital banking and payments companies. We value what makes you unique so that you have an opportunity to shine.
Come build your future, while being the reason millions of people find a brighter financial future with Discover.Job Description
Director and Senior Counsel- Deposits
Discover Financial Services is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in 190 countries and territories.
Discover’s vision is to be the leading direct bank and payments partner and its mission is to help people spend smarter, manage debt better and save more so they achieve a brighter financial future.
At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers, and which is consistently awarded for both. We’re all about people and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career.
The Director and Senior Counsel- Deposits serves as the lead Deposit attorney and leads a team responsible for providing legal advice, direction and training to assigned internal business partners. Under the direction of a Vice President- Deputy General Counsel, the incumbents of this role identify, assess and communicate legal and relevant regulatory requirements and industry best practices relevant to the Company and its businesses, manages assigned resources and budgets, including outside counsel spend. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business units risk appetite and all risk and compliance program requirements.
Engages with Management Committee and Executive Committee level staff, as well as support of key governance committees.
Experience with digital deposits platforms, remote deposit capture, mobile account opening, and online account management.
Exercises prudent discretion and decision-making skills by advising business clients on strategic and complex issues and requirements such as on new initiatives, compliance with laws, regulations, policies and procedures, contract review and analysis, training, corrective actions, risk and issues raised in governance committees.
Identifies, assesses, communicates, and provides oversight and strategic guidance on new or proposed legal and regulatory requirements, emerging legal and regulatory risks and trends.
Consults with and advises clients on matters regarding deposits and/or banking law.
Works with business unit risk officers regarding compliance with laws and regulations and development of practices and procedures designed to assure compliance with such laws.
Reviews and drafts corporate and/or customer communications and disclosures, including for regulatory filings and consumer communications.
Contributes to the creation of a favorable regulatory environment, such as devising and drafting regulatory and legislative proposals to achieve business objectives, analyzing and preparing comment letters and position papers on proposed regulations and legislation, and analyzing and advising business clients on new and amended regulations and laws
Exercises prudent discretion and decision-making to represent and/or advocate on the company’s behalf before regulatory or judicial bodies, as necessary, or in dealings with counter-parties on matters such as litigation, commercial transactions, regulatory examinations and supervisory matters, comment letters and position papers on proposed regulations, and legislation that may impact the company.
Manages resources, as assigned, including overhead, outside counsel and other budgets to achieve Law’s financial goals.
Supervises and manages a team to be a higher performance contributor to achieving corporate and client needs in areas where errors or imprudent risk taking can have a significant impact on Discover's objectives.
Juris Doctorate from an Accredited Law School
10+ years of experience in consumer deposits (Reg D, E, P, Q, AA, CC, and DD).
License to practice law in Illinois or eligible for admission in house license in Illinois
Excellent interpersonal skills and the ability to influence others and build and foster internal and external relationships
Ability to communicate effectively both verbally and in writing with all levels of the organization including senior management
Experience driving, prioritizing, and effectively managing cross-functional initiatives
A versatile and innovative pro-active thought leader, with strong judgment, initiative and empathy.
Prior people management experience required.
What are you waiting for? Apply today!
The same way we treat our employees is how we treat all applicants – with respect. Discover Financial Services is an equal opportunity employer (EEO is the law). We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.