Senior Principal Counsel - Payments

Posted 6 Days Ago
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Chicago, IL
Hybrid
103K-174K Annually
Cloud • Fintech • Machine Learning • Analytics • Financial Services
We power a network that helps people achieve a brighter financial future.
The Role
Senior Principal Counsel role at Discover focusing on advising on regulations and negotiating transactions for global payments networks. Responsibilities include providing legal advice, managing resources to achieve financial goals, and improving risk management processes. Minimum qualifications include a Juris Doctorate degree.
Summary Generated by Built In

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:
This attorney role will advise on regulations and negotiate transactions for Discover's global payments networks, with a key emphasis on the support of and growth of Discover's international footprint for card issuance and card acceptance.
Under the direction of a Director, this role involves handling moderately complex legal matters, including providing advice, direction and support to internal business clients, including risk, compliance, risk and operations, governance, government relations, and/or provides legal advice, as applicable to role, on new initiatives, business processes, contract review and analysis, training, corrective actions, compliance with laws, regulations, policies and procedures, litigation risk and issues raised in governance committees. Typically, the role is that of an individual contributor, but in some circumstances, it may functionally lead work group(s) or small teams to deliver desired work output in a direct or indirect manner. The role provides coaching as necessary to increase the effectiveness of others. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
Responsibilities:

  • Exercises prudent discretion and decision-making capabilities to provide advice, direction and support to internal business clients, including risk, compliance, governance, government relations, and/or legal advice, as applicable to role, on new initiatives, business processes, contract review and analysis, training, corrective actions, compliance with laws, regulations, policies and procedures, litigation risk and issues raised in governance committees.
  • Identifies, assesses, communicates information to business clients related to emerging regulatory topics and best practices, and provides oversight and strategic guidance on new or proposed legal and regulatory requirements, emerging legal and regulatory risks and trends. Communicates effectively with clients, customers, leadership, committees, regulators and counterparties as applicable.
  • Manages resources, if assigned, including overhead, outside counsel and other budgets to achieve Law's financial goals. Develops and supports others by communicating, fostering respect, providing coaching and feedback, recognizing achievements, and effectively managing employee concerns.
  • Continuously improves and adheres to required standards and processes to promote a risk-aware culture and ensure efficient and effective risk management.
  • Provides advice, counseling, and training on moderately complex legal topics which may include one or more of the following coverage areas: Regulatory, Consumer Finance Advisory, Transactional, Anti-Trust, Privacy/Security, Technology, Employment/Benefits, Litigation, Collections, Public Company, Payments, and Intellectual Property.


Minimum Qualifications
At a minimum, here's what we need from you:

  • Juris Doctorate
  • 3+ years legal experience supporting consumer financial services products and services, or related
  • Active law license in good standing


Preferred Qualifications
If we had our say, we'd also look for:

  • 5+ years Legal experience supporting consumer financial services products and services, or job related
  • Experience with contract drafting, review and analysis, and compliance with laws, regulations, and policies
  • Payment Services experience or familiarity


#LI-TG1
#Remote
#LI-Remote
Discover will not sponsor or transfer employment work visas for this position. Applicants must be currently authorized to work in the United States on a full-time basis.
Application Deadline:
The application window for this position is anticipated to close on Oct-20-2024. We encourage you to apply as soon as possible. The posting may be available past this date, but it is not guaranteed.
Compensation:
The base pay for this position generally ranges between $103,000.00 to $174,200.00. Additional incentives may be provided as part of a market competitive total compensation package. Factors, such as but not limited to, geographical location, relevant experience, education, and skill level may impact the pay for this position.
Benefits:
We also offer a range of benefits and programs based on eligibility. These benefits include:

  • Paid Parental Leave
  • Paid Time Off
  • 401(k) Plan
  • Medical, Dental, Vision, & Health Savings Account
  • STD, Life, LTD and AD&D
  • Recognition Program
  • Education Assistance
  • Commuter Benefits
  • Family Support Programs
  • Employee Stock Purchase Plan


Learn more at mydiscoverbenefits.com .
What are you waiting for? Apply today!
All Discover employees place our customers at the very center of our work. To deliver on our promises to our customers, each of us contribute every day to a culture that values compliance and risk management.
Discover is committed to a diverse and inclusive workplace. Discover is an equal opportunity employer and does not discriminate on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, protected veteran status, or other legally protected status. (Know Your Rights & Pay Transparency Nondiscrimination Provision)
Discover complies with federal, state, and local laws applicable to qualified individuals with disabilities and is committed to providing reasonable accommodations. If you require a reasonable accommodation to search for a position, to complete an application, and/or to participate in an interview, please email [email protected] . Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.

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The Company
HQ: Riverwoods, IL
18,000 Employees
Hybrid Workplace
Year Founded: 1986

What We Do

Discover is one of the most recognized brands in U.S. financial services. We’re a direct banking and payment services company built on a legacy of innovation and customer service. We support, challenge and inspire employees to continually develop their skills, advance their career and help grow our business.

Why Work With Us

You can make an impact. Whether it’s developing corporate strategy, innovating new services or supporting IT needs, every employee has the opportunity to be a vital part of our business and make a real difference in people’s lives. It’s the heart of what we do.

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