Senior Counsel, Enterprise Innovation Product Counsel (Payments)

Center 1 (19052), United States of America, McLean, VirginiaSenior Counsel, Enterprise Innovation Product Counsel (Payments)

As Capital One Enterprise Innovation Product Counsel, you’ll apply strategic and analytical skills to Capital One’s newest and most innovative digital initiatives.

You’ll dive in to understand the technology and services that Capital One’s Emerging Payments & API Platform teams deliver to our various lines of business, and apply complex financial regulations to help manage legal risk.

You’ll be a key player on the legal team supporting innovation across Capital One, including integrations with third party digital wallets like Paze and emerging payment technologies like Virtual Card Numbers, as well as, payments related features on our mobile app, and our sharing and collection of data to support fraud prevention.

You’ll also apply complex commercial transaction structuring, negotiation and analytical skills to support strategic relationships with fintechs, e-commerce players and customer-facing technology companies in connection with these products and initiatives.

And you’ll do it all in a collaborative, supportive environment that values your insight, promotes continuous learning, and rewards creative thinking.

To succeed in this role, you’ll need strong legal and business skills. Written and oral communication and organizational skills are key, as is the ability to focus on what really matters to drive business initiatives forward while clearly defining legal risk.

You’ll need refined critical thinking skills, an ability to distill complex concepts as part of structuring, drafting and negotiation, a healthy dose of intellectual curiosity and an inclination to probe and be confident in sharing your advice and opinion.

You should have a successful track record of thriving in a fast paced, entrepreneurial and dynamic environment, as well as working in an agile manner.

The ability to manage multiple transactions, take on new responsibilities and handle novel issues is critical.

In this role, you’ll be part of a team that :

Provides strategic advice : You’ll be something of an investigator : you’ll work on projects that unite our many lines of business (Branded & Partnerships Cards, Retail Bank, Commercial Bank, Auto Finance, and other Enterprise products like Capital One Shopping), so you’ll drill down into how we do what we do, and why we do what we do, so we can build a better way.

You’ll understand the business’ objectives, understand the full landscape and context of the applicable law, and work through unchartered territory as you apply the law to business initiatives.

Translates the law for the business, and translates business intent for the lawyers : You’ll need to understand the law and work with our regulatory subject matter experts on novel issues (e.

g., the alphabet soup of consumer finance laws including TILA & Reg Z, EFTA & Reg E, GLBA & Reg P, FCRA & Reg V, TCPA, E-SIGN, CCPA / CPRA, etc.

understand the business (e.g., consumer credit, customer identity management, fraud prevention), understand the technology (APIs, mobile and web apps, SaaS, AI, machine learning), and put them all together as a trusted business advisor.

You’ll translate between business intent, regulatory requirements, legal guardrails, best practices, etc. You won’t need to know everything about everything, but you’ll need to know a little about a lot, and know how to communicate legal requirements to the business, and business requirements to legal subject matter experts.

Autonomously manages the contracting pipeline : You’ll structure, draft, negotiate and finalize contracts related to our products - supporting the full contracting lifecycle soup-to-nuts and engaging our various subject matter experts as needed.

You’ll apply fresh ideas and perspectives to established products and baseline terms as well as draw on your creativity to create bespoke arrangements for products or features that are new to the marketplace.

Partners to Foster Innovation : You’ll collaborate closely with colleagues across the Legal Department to fully evaluate and scale risk.

You’ll work to push responsible innovation in challenging gray areas.

Here are some examples of tasks you would be responsible for :

Reviewing product feature changes for regulatory compliance issues by meeting with business partners to better under the feature, identifying legal obligations or risks, and providing recommendations to manage legal risk, e.

g., revising user-facing content, drafting product terms and disclosures, and assisting with strategic partnership integrations,

Performing legal research on the application of existing and new laws to novel implementations of technology (e.g., privacy laws, TCPA, IP, Reg Z, Reg E, FCRA;

APIs, cloud platforms, mobile apps, SaaS, machine learning and artificial intelligence), summarizing findings in easily digestible formats for use by business partners, developing legal theories when applying the law to complex use cases, and achieving consensus among the legal subject matter experts and business partners

Contracting support for third parties interested in integrating with our public portal API products provided via the Capital One Developer Exchange.

Basic Qualifications :

Juris Doctor from an accredited law school

Active member in good standing of at least one state bar

At least 4-6 years of experience as an attorney in a law firm, in-house legal department, or a combination

Preferred Qualifications :

Experience supporting ecommerce, mobile apps, payments or software products and / or agreements

Experience with consumer finance laws and regulations

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

The minimum and maximum full-time annual salaries for this role are listed below, by location. Please note that this salary information is solely for candidates hired to perform work within one of these locations, and refers to the amount Capital One is willing to pay at the time of this posting.

Salaries for part-time roles will be prorated based upon the agreed upon number of hours to be regularly worked.

New York City (Hybrid On-Site) : $199,100 - $227,200 for Sr. Manager, Sr. Counsel