Senior Principal Counsel - Payments

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

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Application Deadline :

The application window for this position is anticipated to close on Jun-25-2024. 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 .

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.