MD Deputy General Counsel Fintech Strategies

Overview

The MD Deputy General Counsel Fintech Strategies position will serve as a key legal advisor and support to senior management in the Company’s various lines of business, but most notably Fintech Solutions (collectively “Clients”) by providing legal advice, regulatory advice, and transactional support related to the Company’s payments and lending products and services, and third-party business partner arrangements. This is a senior leadership role within the Company’s Legal Department and requires strong collaboration with other in-house attorneys and non-attorney personnel to provide responsive and accurate support to a wide range of Clients.

Responsibilities

Essential Functions

Provides effective and accurate legal support to the Clients through the following activities:

• Oversees and supports the work of internal staff attorneys dedicated to supporting a wide range of legal projects related to consumer and commercial deposit, payment, and credit products of the Bank.
• Consults with Clients on a wide range of business strategies, including new and emerging products, services or operational practices and advises on legal and regulatory risks associated with such strategies.
• Supports Clients on transactional matters, including drafting, reviewing, interpreting, and negotiating business agreements consistent with the Company’s policies and procedures, applicable law, supervisory guidance, and Clients’ business and strategic objectives.
• In consultation with the Legal Department’s Enterprise Risk staff, interprets statutes, regulations, supervisory guidance, and case law developments applicable to the Company’s business activities and provides legal advice and counsel to Clients accordingly.
• Interfaces directly with industry trade associations and regulators on trends and legislative developments related to payment products and services to gain insights and advance the Company’s strategic objectives.
• Interfaces directly with opposing counsel representing the Company’s business partners and customers (including non-bank fintech entities, payment networks, and third-party service providers) and effectively advances the Company’s business, regulatory, and strategic interests in connection with these business relationships.
• Oversees review of ancillary marketing and collateral materials related to products and services, and provides legal advice and guidance on related legal and regulatory risks.
• Engages and oversees the work of specialized outside counsel engaged to provide legal support on deposit, credit, or payments-related matters.

Maintains a working knowledge of a wide range of state and federal banking laws and regulations as well as consumer and commercial laws and regulations relevant to the Company and its subsidiaries.

Monitors applicable statutory, regulatory, and case law developments, assesses the impact on the Company’s products and services, and provides oral and written updates to the Legal Department and affected Clients.

Maintains familiarity with the Company’s various business units and product lines and proactively assesses any emerging legal or regulatory risks presented by current or proposed changes in the law or industry guidance with respect to the business activities of Clients.

Performs other duties as assigned by the General Counsel.

Manager Responsibilities

• Manages team of employees by overseeing day-to-day operations.
• Sets high performance standards and manages team performance in accordance with HR policies and procedures.
• Creates a flexible and energized work environment, fostering an atmosphere that enables employee trust and engagement.
• Inspires confidence and motivates employees to perform at their best level.
• Develops employees while effectively addressing performance issues.

Qualifications

Education/Experience Requirements

• Law degree from an accredited law school.
• License to practice law (in good standing) in one or more states in the United States.
• At least 12 years of legal experience within a regulated financial institution, financial services provider, law firm, or in-house corporate legal department, with experience principally focused on state and federal banking law, payments law and related regulations.
• At least 7 years in a management or leadership role.

 Preferred Requirements

• Subject matter expertise or a working knowledge of the following areas:
  • Prepaid, debit card, and credit card issuance.
  • NACHA and other funds transfer systems.
  • State licensing laws (money transmitter, collection, loan servicing, etc.)
  • Payment network standards and relat