Director & Senior Counsel - Consumer Deposits

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:
Under the direction of a managing attorney, this role involves handling 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. Incumbents identify, assess and communicate legal and relevant regulatory requirements and industry best practices relevant to the Company and its businesses, and manage assigned resources and budgets, including outside counsel budgets. There is an emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business units risk appetite and all risk and compliance program requirements. The incumbent may be an individual contributor or people leader, functionally or directly leading work group(s), small teams, or individual employees to deliver desired output. The incumbent typically provides coaching to increase effectiveness of others.
Creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organization.
Responsibilities:

• Exercises prudent discretion and decision-making skills by advising deposit 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 (including deposit operations), 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. Experience in interacting with the FDIC, CFPB, or FRB is a plus.
• 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. Specific regulations where familiarity is needed include Regulations E, D, CC, DD, and applicable regulatory guidance. Familiarity with the NACHA Rules is a plus.
• 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.

Minimum Qualifications:

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

Preferred Qualifications:

• 8+ years of Legal experience supporting consumer financial services products and services, or job related
• #LI-ML2

Application Deadline:
The application window for this position is anticipated to close on Sep-16-2024. 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 $150,500.00 to $228,900.00. 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 [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.