Senior Counsel, Assistant Vice President – Payments Negotiations Attorney

Posted 12 Days Ago
Be an Early Applicant
Chicago, IL, USA
Hybrid
Senior level
Financial Services
We’re one of the world’s biggest technology-driven companies
The Role
Provide transactional and strategic legal support for wholesale payments client negotiations: draft and negotiate documentation, advise on transaction structures and banking law, maintain templates and playbooks, implement negotiation technology, ensure compliance, and partner across functions to update processes and guidance.
Summary Generated by Built In

Are you ready to make a significant impact in the world of payments? At JPMorgan Chase & Co., we offer you the opportunity to provide strategic guidance on client contract negotiations that are critical to our clients’ success.  As part of our Payments Legal Team, you will collaborate with legal partners and key personnel to enhance negotiation practices and implement cutting-edge technological solutions. If you are intellectually curious and passionate about driving solutions, this role is your chance to shine. Join us and be part of a global team of thought leaders who deliver best-in-class services.

As a Payments Negotiation Attorney in the Payments Legal Team, you will provide transactional and strategic legal support for client contract negotiations in wholesale payments. You will advise on transaction structures and legal and regulatory issues, helping us deliver customer documentation that is clear and compliant. You will collaborate with product counsel and other legal teams to maintain templates, playbooks, and negotiation technology tools that scale best practices. You will help us protect the firm while enabling our clients to achieve their business objectives.

 

Job Responsibilities

  • Draft and negotiate a wide range of wholesale payments client documentation
  • Advise business partners on transaction structures and associated legal and regulatory issues
  • Coordinate with product counsel and other legal teams to maintain agreement templates and negotiation playbooks
  • Support the development and adoption of negotiation technology tools to improve speed, consistency, and quality
  • Review customer-facing documentation to ensure it is clear, accurate, and compliant with applicable laws and regulations
  • Partner with stakeholders across functions to align legal guidance with business needs and risk standards
  • Identify recurring negotiation themes and recommend practical updates to templates, guidance, and processes


Required Qualifications, Capabilities, and Skills 

  • Law degree and active license to practice law in the country of employment by the start date
  • 3 years of experience at a major law firm, financial institution, or in a judicial clerkship
  • Demonstrated negotiation skills and ability to communicate effectively with internal and external stakeholders
  • Working knowledge of banking law, including Uniform Commercial Code Articles 4 and 4A
  • Strong organizational and time management skills with the ability to manage multiple priorities


Preferred Qualifications, Capabilities, and Skills 

  • Knowledge of wholesale payments products and services
  • Experience working with merchant services processors or providers
  • Experience with commercial card products
  • Understanding of financial technology and third-party payment processors and applicable legal requirements
  • Familiarity with healthcare payments and health information privacy requirements


All candidates for roles in the Legal Department must be licensed to practice law in the country of employment and successfully complete a conflicts-of-interest clearance review prior to commencement of employment.

About Us
JPMorganChase, one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We offer a competitive total rewards package including base salary determined based on the role, experience, skill set and location. Those in eligible roles may receive commission-based pay and/or discretionary incentive compensation, paid in the form of cash and/or forfeitable equity, awarded in recognition of individual achievements and contributions. We also offer a range of benefits and programs to meet employee needs, based on eligibility. These benefits include comprehensive health care coverage, on-site health and wellness centers, a retirement savings plan, backup childcare, tuition reimbursement, mental health support, financial coaching and more. Additional details about total compensation and benefits will be provided during the hiring process. 

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.

JPMorgan Chase & Co. is an Equal Opportunity Employer, including Disability/Veterans

About the Team
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

With large, global operations, the Legal team tackles complex issues and helps shape the regulations that affect the businesses. The group is organized into practice groups that align with the lines of business and corporate staff areas, which encourages collaboration on legal, regulatory and business developments as they arise.

Skills Required

  • Law degree and active license to practice law in the country of employment by the start date
  • 3 years of experience at a major law firm, financial institution, or in a judicial clerkship
  • Demonstrated negotiation skills and ability to communicate effectively with internal and external stakeholders
  • Working knowledge of banking law, including Uniform Commercial Code Articles 4 and 4A
  • Strong organizational and time management skills with the ability to manage multiple priorities
  • Successful completion of a conflicts-of-interest clearance review prior to commencement of employment
  • Knowledge of wholesale payments products and services
  • Experience working with merchant services processors or providers
  • Experience with commercial card products
  • Understanding of financial technology and third-party payment processors and applicable legal requirements
  • Familiarity with healthcare payments and health information privacy requirements

JPMorganChase Compensation & Benefits Highlights

The following summarizes recurring compensation and benefits themes identified from responses generated by popular LLMs to common candidate questions about JPMorganChase and has not been reviewed or approved by JPMorganChase.

  • Healthcare Strength Medical, dental, vision, and mental-health coverage are broad, with wellness incentives, on-site or virtual care, and an EAP offering coaching and counseling. Plan materials emphasize accessible options, including multiple medical choices and tools to manage costs.
  • Parental & Family Support Paid parental leave extends up to 16 weeks for all parents, supplemented by paid Critical Caregiver Leave. Family resources include backup childcare via Bright Horizons, lactation support and milk-shipping, family-building assistance, and even a free five-month SNOO rental for newborns.
  • Retirement Support Retirement programs include a 401(k) with an annual company match and automatic pay credits for most employees, with a legacy pension available to earlier hires. An Employee Stock Purchase Plan at a 5% discount further supports long-term savings.

JPMorganChase Insights

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The Company
HQ: New York, NY
289,097 Employees
Year Founded: 1799

What We Do

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Technology fuels every aspect of our company and is at the heart of everything we do. With over 50,000 technologists globally and an annual tech spend of $12 billion, we are dedicated to improving the design, analytics, development, coding, testing and application programming that goes into creating high quality software and new products. Learn more about technology at our firm, explore resources from our Distinguished Engineers, AI & ML researchers, and other experts; access the latest episode of our TechTrends podcast, and more at www.jpmorgan.com/technology. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. ©2023 JPMorgan Chase & Co. All rights reserved. JPMorgan Chase is an Equal Opportunity Employer, including Disability/Veterans.

Why Work With Us

Our technologists work on a diverse range of solutions that include strategic technology initiatives, big data, mobile, electronic payments, machine learning, cybersecurity, enterprise cloud development, and other state-of-the-art technologies.

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