Director & Senior Counsel - Payments Network (662)

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

What You'll Do

Under the direction of a managing attorney, this role involves leading and supporting U.S. regulatory and governance initiatives within the Payment Services Legal Team. The successful candidate will support

• analysis and integration of new U.S. regulatory requirements
• internal regulatory change management initiatives
• interactions with regulatory authorities as necessary
• reviewing, drafting and approval of internal governance materials including Payment Services policies, standards and procedures
• complex legal matters and projects including providing legal advice, direction and training to in-house business partners, supporting a risk-aware culture and ensuring effective risk management practices in accordance with relevant laws, regulations, and company policies
• identifying, assessing and communicating legal and relevant regulatory requirements and industry best practices relevant to the Company and its businesses
• managing assigned resources and budgets, including outside counsel budgets
• coaching and collaborating with team colleagues to increase team effectiveness
  
  

This role requires proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit’s risk appetite and all risk and compliance program requirements. Depending upon their experience, the successful candidate may be an individual contributor or people leader, functionally or directly leading work group(s), small teams, or individual employees to deliver desired output.

How You'll Do It

• Exercises prudent discretion and decision-making skills by advising business clients on strategic and complex issues and requirements applicable to assigned role (e.g., Legal Counsel, Risk, Government Relations, Exam Management), such as on new initiatives, business process reviews, compliance with laws, regulations, policies and procedures, contract review and analysis, training, corrective actions, risk and issues raised in governance committees.
• Identifies, assesses, communicates, and provides oversight and strategic guidance on new or proposed legal and regulatory requirements, emerging legal and regulatory risks and trends.
• Exercises prudent discretion and decision-making to represent and/or advocate on the company’s behalf before regulatory or judicial bodies, as necessary, or in dealings with counter-parties on matters such as litigation, commercial transactions, regulatory examinations and supervisory matters, comment letters and position papers on proposed regulations, and legislation that may impact the company.
• Provides legal and risk-mitigation advice on complex matters related to the attorney’s assigned area(s) of legal coverage 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.
• Directly or functionally, leads, coaches and/or develops team members, as assigned and required by role at management’s discretion, to achieve Legal’s Mission and/or Discover’s business objectives. 
• Manages resources, as assigned, including overhead, outside counsel and other budgets to achieve Legal’s financial goals. 
  
  

Qualifications Youll Need

The Basics

• J.D.
• 6 years Legal experience supporting consumer financial services products and services, or job related 
• Active law license in good standing
  
  

Bonus Points If You Have

• Experience within the payments industry relating to network management, credit or debit card issuing, merchant acquiring, payment processing or similar areas.
• 8 years Legal experience supporting consumer financial services products and services, or job related 
  
  

Physical And Cognitive Requirements

The physical requirements described here are representative of those that must be met by an employee to successfully perform the essential functions of this position. Reasonable accommodations may be made to enable a qualified individual with disabilities to perform the essential functions of the position as required by federal, state, and local laws:

• Primarily move about the work environment.
• No required movement about the work environment to complete the major responsibilities of the job.
• No
• Primarily performed indoors in an office setting.
• Ability to operate office equipment such as but not limited to computer, telephone, printer, and calculator.
  
  

Application Deadline

The application window for this position is anticipated to close on Feb-03-2025. 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 $154,500.00 to $234,900.00. 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 HireAccommodation@discover.com. Any information you provide regarding your accommodation needs will be kept confidential and will only be used to determine and provide necessary accommodation.

At Discover, we are committed to creating an inclusive and equitable workplace through our Fair Chance Hiring practices. Fair Chance Hiring means that we base our hiring decisions on an applicant’s qualifications rather than their criminal record. All our positions are subject to Section 19 of the Federal Deposit Insurance Act. Our applicants go through a background check, and we follow all applicable local laws, including the Los Angeles County Fair Chance Hiring Ordinance (LA County Fair Chance).

Applicants must be 18 or older at the time of hire.