Senior Counsel - Payments

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Job Profile Summary

Attorney supporting commercial payments business of the Bank.

GENERAL FUNCTION:

This attorney provides legal support for Fifth Third Bank’s Commercial Payments business unit with respect to a broad range of products and services provided to commercial customers, primarily including embedded payments, BIN sponsorship, and treasury management.  The role is focused on supporting business partners in achieving their objectives with an appropriate risk/reward balance and requires collaboration with a variety of risk stakeholders, including Compliance, Audit, Credit, and Fraud.

Responsible and accountable for risk by openly exchanging ideas and opinions, elevating concerns, and personally following policies and procedures as defined. Accountable for always doing the right thing for customers and colleagues, and ensures that actions and behaviors drive a positive customer experience. While operating within the Bank's risk appetite, achieves results by consistently identifying, assessing, managing, monitoring, and reporting risks of all types.

ESSENTIAL DUTIES AND RESPONSIBILITIES:

·       Provide legal counsel on a wide range of payments products and services, including embedded payments (banking-as-a-service), BIN sponsorship (merchant acquiring and card issuing), and treasury management.

·       Draft and negotiate a variety of agreements, including services agreements, vendor and partner contracts, user terms, and account portfolio transaction documents.

·       Advise business partners on product-specific laws, regulations, and risk considerations, including compliance with OCC, FDIC, FinCEN, and other regulatory bodies.

·       Monitor and interpret regulatory changes, providing ongoing guidance as to their impact on products, services, and operations.

·       Respond to business inquiries regarding legal risk and provide actionable recommendations within the appropriate legal framework.

·       Provide reporting and updates to division leadership on material legal matters and decisions.

·       Partner with business and risk stakeholders to ensure appropriate issue escalation and risk mitigation.

MINIMUM KNOWLEDGE, SKILLS AND ABILITIES REQUIRED:

·       Minimum 5 years’ experience preferred.

·       J.D. required.

·       Admission to a state bar.

·       Strong communication skills, both written and verbal.

·       Ability to interface successfully with senior management using diplomacy.

·       Strong negotiation skills.

·       Strong knowledge of the areas of expertise including technical knowledge.

·       Strong issue spotting, risk assessment, and problem solving skills.

·       Extensive research and analytical skills.

·       Team building, leadership skills.

Fifth Third Bank, National Association is proud to have an engaged and inclusive culture and to promote and ensure equal employment opportunity in all employment decisions regardless of race, color, gender, national origin, religion, age, disability, sexual orientation, gender identity, military status, veteran status or any other legally protected status.