Senior Corporate Counsel - Prepaid Card Business

At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed.  We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.

Job Description

The U.S. Bank Law Division is seeking an experienced attorney to support U.S. Bank’s Prepaid Card (Prepaid) business line.  This attorney provides legal counsel across U.S. Bank’s portfolio of prepaid card programs, including general purpose reloadable cards, government, corporate, and payroll prepaid cards. The position offers candidates a career with exposure to diverse legal and regulatory issues and the opportunity to collaborate closely with business partners across the organization, serving as a trusted legal and business advisor.

Responsibilities include

- Monitor, interpret, and apply prepaid- and payments‑specific consumer regulations, including Reg. E, CFPB prepaid account rules, UDAAP standards, and network operating regulations, to ensure compliant product features, disclosures, and customer communications.

- Draft, review, and enhance consumer‑facing materials for prepaid and payments products, translating complex regulatory and network requirements into clear, accurate, and accessible disclosures, marketing content, and customer education resources.

- Deliver legal counsel on the negotiation, drafting and review of contracts with U.S. Bank’s and FSV’s customers, vendors and partners

- Advise Prepaid relationship managers on contract interpretation, strategic options, product and process changes, and potential defaults and remediation paths

- Partner with outside legal counsel and other professional advisors to support new product development and technology driven advancements

- Interpret, apply and update Prepaid policies and procedures to ensure compliance, operational clarity, and alignment with business objectives.

- The position will report to the Assistant General Counsel who serves as the team lead for the Prepaid legal team.

Basic Qualifications
- Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority

Preferred Skills/Experience

- Five years of experience at either a law firm or in-house corporate environment

- Deep knowledge of commercial contracts, financial services and the operating environment of financial institutions

- Prior experience in the payments or card product sectors, with knowledge of regulatory regime governing consumer cards and payment network operating rules is strongly preferred   

- Interest in and ability to advise on emerging payment technologies and innovative product offerings

- Capacity to manage a diverse portfolio of legal matters with minimal supervision

- Demonstrated ability to exercise sound, independent legal judgment to recommend solutions that balance business objectives and risk-considerations

- Excellent written, oral and interpersonal communication skills

- Strong commitment to providing responsive, practical, and business-focused client service

Location expectations 
This role requires working from a U.S. Bank location three (3) or more days per week.

We are proud that U.S. Bank has been recognized as a World’s Most Ethical Company® by the Ethisphere Institute and has been named the #1 Most Admired Superregional Bank by Fortune magazine.

Successful candidates for a position in the U.S. Bank Law Division support U.S. Bank’s core values, which guide what we do every day:
- We do the right thing.
- We power potential.
- We stay a step ahead.
- We draw strength from diversity.
- We put people first.

In the U.S. Bank Law Division, we honor those values through our mission: “we guide our clients to remarkable results with expert legal counsel and ethical leadership.” Our commitment is evident in the work we do, not only for the Bank, but for our communities. The Law Division has received several awards for its pro bono contributions, including the Minnesota Corporate Pro Bono Council’s “Excellence in Pro Bono Award,” and we encourage our legal professionals to contribute time and expertise to pro bono work as part of their role. In addition, the Law Division has been recognized for its leadership and engagement in Diversity, Equity, and Inclusion initiatives.

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