Director and Senior Counsel-Network at Discover

| Chicago | Remote
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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  

About Discover:

Discover Financial Services is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in 190 countries and territories.

Discover’s vision is to be the leading direct bank and payments partner and its mission is to help people spend smarter, manage debt better and save more so they achieve a brighter financial future. At Discover, be part of a culture where diversity, teamwork and collaboration reign.

Join a company that is just as employee-focused as it is on its customers, and which is consistently awarded for both. We’re all about people and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career.

The Position:

The Director and Senior Counsel- Network is responsible for handling complex legal matters and projects including negotiating complex transactions, advising in-house business partners on a wide arrange of issues related to Discover commercial payments network, money transmission, debit and credit card products and initiatives, development of new payments products and initiatives.

The incumbent must be able to dig into complex legal issues, provide creative risk-informed guidance that supports effective risk management in accordance with relevant laws and regulations, identify, assess and communicate legal and regulatory requirements and industry best practices, manage assigned resources and budgets (including outside counsel spend). The Director and Senior Counsel will need to both work well as a part of a close-knit local team and collaborate closely with globally remote teams with a strong emphasis on creative solutions, proactive risk governance, and sound decision making commensurate with firm’s risk and compliance program requirements.

Responsibilities:

  •  Exercise prudent discretion and creative decision-making skills in advising business and risk partners on strategic and complex legal issues involving: enhancement of existing and development of new payments products and initiatives; management of relationship with existing and new external payments partners; compliance with domestic and global laws, regulations, and firm’s policies; interaction with domestic and international regulators; and collaboration with firm’s governance committees.

  • Lead legal support on negotiations of complex payments transactions.

  • Collaborate with the business, risk, and legal partners on development and drafting of Discover Global Network program documents (including operating regulations, product guides and manuals), expansion of Discover Commercial Payments Network, and development of Discover Money Transmitter Licensing program.

  • Provide proactive, creative, and effective legal advice to internal partners supporting payments business teams responsible for: domestic and international commercial payments network, money transmission, product development (including debit and credit card products), exam management, government relations, and strategic alliances with established and emerging fintechs and technology firms.

  • Exercise prudent discretion and decision-making in interactions with domestic and international regulatory, judicial, and counter parties on matters relating to commercial transactions, regulatory examinations, industry position papers, and legislations that may impact Discover Global Network.

  • Identify, assess, and provide creative strategic guidance on new or proposed legal and regulatory changes, emerging legal and regulatory risks and trends.

  • Manage assigned resources including overhead, outside counsel and other budgets to achieve Legal Organization’s financial goals.

  • Possess and continue to develop strong understanding of Discover Global Network businesses model, payments industry, and domestic and global payments trends.

  • Develop strong collaborative relationship with partners across the firm, including Discover Global Network and Legal Organization.

  • Demonstrate leadership in taking initiative to improve the quality of team processes.

  • Ensure compliance with corporate and legal guidelines regarding advisory and transactions matters. Utilizes contract management tools to manage workflow, track contracts and retain accurate contract records.

  • Escalate advisory and transactional issues to management as appropriate.

  • Communicate effectively with colleagues, clients, management, and parties external to Discover

  • Consult with outside counsel and subject matter experts as appropriate.

Qualifications:

  • Juris Doctor degree and active law license in good standing.

  • 10+ years of experience in payments legal advisory and commercial transactions industry.

  • Extensive payments experience in providing guidance for products, systems, platforms, money transmitting services, and other related consumer finance services.

  • Knowledge of Discover Global Network operating rules and regulations, debit and credit card products, laws and regulations governing money transmitting, e-commerce, and consumer financial services.

  • Significant experience in drafting and negotiating complex commercial agreements and end-user terms.

  • Experience working in a regulated environment or with governmental entities.

  • Ability to learn quickly and support new areas of business and technology.

  • Strong development of business partnerships, interpersonal skills, and work ethic.

  • Experience collaborating with international teams.

  • #Remote

  • #BI-Remote

  • #LI-ML2

What are you waiting for? Apply today!

The same way we treat our employees is how we treat all applicants – with respect. Discover Financial Services is an equal opportunity employer (EEO is the law). We thrive on diversity & inclusion. You will be treated fairly throughout our recruiting process and without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or veteran status in consideration for a career at Discover.

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Location

We're headquartered in the northwest suburbs of Chicago and have a downtown Chicago office known as “The 606.”

An Insider's view of Discover

What’s the vibe like in the office?

The cool thing about working at Discover is the wonderful collaborative environment we have and all the smart, talented and fun people we work with every day to continuously work on innovations.

Hiba

AWS Cloud Engineer

What does your typical day look like?

I enjoy working at Discover because I get to work with and collaborate with talented people who are passionate about what they do, and together we get to help others. We work constructively and cross-functionally to provide the best and newest products for our users and provide exceptional support for our customers!

Mandy

Project Manager, Advanced Analytics Platform

How does the company support your career growth?

There are two reasons I enjoy working at Discover. First, I enjoy the challenging and meaningful work. Second, my career path at Discover is mine to shape. My managers have supported me when I wanted to learn more and move within the company.

George

Senior Manager, Software Engineering

What is your vision for the company?

My vision of the company is that we create rewarding experiences in lives of our customers every day through analytics.

Kumar

SVP, CDO Advanced Analytics Platforms

What’s the vibe like in the office?

I love working at Discover because of how the company invests in its people and innovation. The environment is encouraging and the smart people around you makes it an amazing experience every day!

Brent

Director, Digital Analytics

What are Discover Perks + Benefits

Discover Benefits Overview

Start enjoying great benefits Day 1 — We support you with the same dedication we bring to all of our customers. Our comprehensive benefits package features first-class insurance, financial planning support and excellent perks designed to help you reach your goals and live a rich, healthy life.

Check out more of our amazing employee benefits at mydiscoverbenefits.com

Culture
Volunteer in local community
Discover’s business is built on helping people, and we invest in the community (Blessing Backpacks, Boys & Girls Clubs, Big Brothers/Sisters) to demonstrate our commitment to a brighter future.
Partners with Nonprofits
Friends outside of work
Intracompany committees
Open door policy
Team owned deliverables
Team based strategic planning
Group brainstorming sessions
Open office floor plan
Diversity
Dedicated Diversity/Inclusion Staff
Unconscious bias training
Diversity manifesto
Someone's primary function is managing the company’s diversity and inclusion initiatives
Diversity Employee Resource Groups
Hiring Practices that Promote Diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
You can open a separate Health Care FSA (HCFSA) and contribute up to $2,650 tax-free from your paycheck to reimburse yourself for eligible out-of-pocket expenses.
Disability Insurance
Employees receive Short-Term Disability Insurance at no cost.
Dental Benefits
Discover offers two dental plan options — Standard and Premier — both are administered by MetLife.
Vision Benefits
Discover offers two vision plan options — Standard and Premier through VSP.
Health Insurance Benefits
Discover offers a variety of medical plans for you and eligible family members, so that you can choose the benefit plan that suits your needs.
Life Insurance
As a Discover employee, you receive Basic Life Insurance of one times your HWEE (up to $500,000) at no cost to you.
Pet Insurance
Purchase medical coverage at a discounted rate for your beloved family pet. The more pets you insure, the greater the discount.
Wellness Programs
Help balance your work and personal life with a wide variety of free and discounted resource and referral services including family and relationship counseling and financial guidance.
Onsite Gym
Discover has fitness centers and Weight Watchers® programs at all five major locations.
Mental Health Benefits
Retirement & Stock Options Benefits
401(K)
You may elect to contribute 1% to 30% of your eligible base salary, commissions and bonus on a pre-tax basis, up to IRS limits every year.
401(K) Matching
Discover matches up to 6% of the pre-tax contributions you make to the 401(k) Plan.
Employee Stock Purchase Plan
The ESPP provides eligible employees with an opportunity to purchase shares of Discover common stock through payroll deductions at a 5% discount.
Performance Bonus
Match charitable contributions
Child Care & Parental Leave Benefits
Child Care Benefits
Generous Parental Leave
Flexible Work Schedule
Remote Work Program
Family Medical Leave
Adoption Assistance
Discover helps eligible employees and their families with the costs of adoption by reimbursing certain expenses.
Vacation & Time Off Benefits
Generous PTO
Discover has a Paid Time Off of 4 to 5 Weeks of paid time per year.
Paid Volunteer Time
Paid Holidays
Discover provides 7 paid holidays.
Paid Sick Days
Perks & Discounts
Casual Dress
Commuter Benefits
When you enroll in the Commuter Benefits Program at WageWorks, you’ll save on taxes on mass-transit passes, parking and other eligible expenses.
Company Outings
Game Room
Parking
Recreational Clubs
Relocation Assistance
Professional Development Benefits
Job Training & Conferences
Tuition Reimbursement
Discover provides tuition reimbursement and a full-ride bachelor's degree program for select online degree programs.
Diversity Program
Lunch and learns
Cross functional training encouraged
Promote from within
Mentorship program
Continuing Education stipend
Time allotted for learning
Online course subscriptions available
Paid industry certifications
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