Director, Payments Legal

At FNBO, our employees are the heart of our story—and we’re committed to their success! Please see below the details of this career opportunity and how it fits into our organization’s success.

Our Modern, Flexible Workplace:

 

We believe in a Modern, Flexible Workplace, and we are continuously exploring advancements in technology and office environments to make it easier to work from anywhere at any time, allowing for more flexibility in where and how you work. We know that choice and flexibility are important to you. We also recognize that flexible and remote positions can become opportunities for military partners, caregivers, and individuals with disabilities to thrive at our company. We invite you to consider what a Modern, Flexible Workplace can mean for you!

It is anticipated that an incumbent in this role will work onsite for three (3) or more days a week and will have a dedicated workspace when working onsite. Work location is subject to change based on business needs.

Summary of the Job:

 

The Director of Payments Legal is responsible for the management of legal risk within FNN/FNBO business unit(s) with respect to electronic payments and treasury management products and services. This role requires an individual with expertise in U.S. payment laws and regulations with a functional knowledge of banking products and services and will advise on a range of topics for those products and services.

This role is focused on enabling the business unit to achieve strategic goals, while ensuring adherence to the bank’s risk appetite. This individual is accountable to openly share knowledge, opinions, ideas, and elevate concerns, as identified as to ensure compliance and effective risk-based decision making within the First Line of Defense.

About This Role:

 

• Provide legal counsel on a wide range of electronic payments and treasury management products and services. Partner with business and risk stakeholders to support the launch of new products and services, sales efforts, enhancements to processes, and day-to-day legal matters by developing and presenting documented recommendations that clearly outline legal risks, requirements to comply with rules, regulations, and policies within the bank’s risk tolerance.
• Draft and negotiate a variety of agreements, including services agreements, complex commercial agreements, and banking agreements, including, but not limited to Banking as a Service, Embedded Finance, Third-Party Sender and Third-Party Service Provider relationships, and white-label agreements.
• Advise business partners on product-specific laws, regulations, and risk considerations, including regulations and guidance issued by the OCC, FDIC, FinCEN, and other regulatory bodies, as applicable.
• Monitor, research, and interpret regulatory changes, legislative trends, and legislative developments. Provide ongoing and documented guidance as to their impact on products, services, and operations.
• Respond timely to business inquiries regarding legal risk. Provide documented, consistent, and actionable direction within the bank’s risk appetite.
• Provide reporting and updates to division leadership on material legal matters and decisions. Ensure appropriate issue escalation. 

The Ideal Candidate for This Role:

 

Key Skills:

• Excellent communication and storytelling skills, with an aptitude for delivering information effectively to all levels of management
• Ability to think creatively and strategically, while developing and implementing tactical solutions to business plans
• Demonstrated understanding of legal and risk program concepts, with an ability to translate this understanding into effective decisions that meet business and regulatory needs
• Excellent project/time management skills and the ability to multi-task and maintain composure in a fast-paced environment.
• Self-motivated and detail-oriented with ability to make reasoned decisions under pressure.
• Strong collaboration and influencing skills – ability to identify and influence key decision makers across various levels and functions within the organization
• Ability to analyze and interpret quantitative data to evaluate the impact of regulations, policies, and risk exposures on business operations.
• Consistently demonstrates clear and concise written and verbal communication skills with ability to engage at senior management levels

Minimum Qualifications:

• Minimum of 7-10 years’ experience in the financial services industry, specifically payments and commercial banking services
• Juris Doctor (J.D.) from an accredited law school
• Active license to practice law in the applicable jurisdiction (state bar membership required).
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