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Form of workDiscover. 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 Director, this role involves handling moderately complex legal matters, including providing advice, direction and support to internal business clients, including risk, compliance, risk and operations, governance, government relations, and/or provides legal advice, as applicable to role, on new initiatives, business processes, contract review and analysis, training, corrective actions, compliance with laws, regulations, policies and procedures, litigation risk and issues raised in governance committees. Typically, the role is that of an individual contributor, but in some circumstances, it may functionally lead work group(s) or small teams to deliver desired work output in a direct or indirect manner. The role provides coaching as necessary to increase the effectiveness of others. Actively manages and escalates risk and customer-impacting issues within the day-to-day role to management.
This role will involve providing legal support to Discover’s Fair and Responsible Banking and Unfair, Deceptive or Abusive Acts or Practices (UDAAP) programs, and as needed, on the Fair Credit Reporting Act (FCRA). This includes providing sound advice to internal business clients, such as operation, risk, compliance, governance, and government relations.
Responsibilities:
Advise on consumer protection laws and regulations including ECOA/Regulation B, FHA, UDAP/UDAAP, FCRA and applicable equivalent state laws and regulations. This role will include review and analysis of strategies used in marketing, credit underwriting and pricing, fraud, and other areas, and will include review of variables used in and outcomes associated with complex machine learning models and alternative data.
Exercises prudent discretion and decision-making capabilities to provide advice, direction and support to internal business clients, including risk, compliance, governance, government relations, and/or legal advice, as applicable to role, on new initiatives, business processes, contract review and analysis, training, corrective actions, compliance with laws, regulations, policies and procedures, litigation risk and issues raised in governance committees.
Identifies, assesses, communicates information to business clients related to emerging regulatory topics and best practices, and provides oversight and strategic guidance on new or proposed legal and regulatory requirements, emerging legal and regulatory risks and trends. Communicates effectively with clients, customers, leadership, committees, regulators and counterparties as applicable.
Manages resources, if assigned, including overhead, outside counsel and other budgets to achieve Law’s financial goals. Develops and supports others by communicating, fostering respect, providing coaching and feedback, recognizing achievements, and effectively managing employee concerns.
Continuously improves and adheres to required standards and processes to promote a risk aware culture and ensure efficient and effective risk management.
Provides advice, counseling, and training on moderately complex legal topics 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.
Supports issues management, new initiatives, consumer complaints, servicing and collections, and supervisory examinations.
Minimum Qualifications
At a minimum, here’s what we need from you:
J.D. degree in Law
3+ years legal experience supporting consumer financial services products and services, or job related.
Active law license in good standing
Preferred Qualifications
If we had our say, we’d also look for:
5+ years legal experience supporting consumer financial services products and services, or job related.
3+ years advising on ECOA/Regulation B, FHA, UDAP/UDAAP and familiarity with FCRA.
Excellent interpersonal skills and the ability to build and foster relationships at all levels within an organization.
Experience analyzing complex models and algorithms to identify fair banking risk and reviewing Fair Lending statistical testing outcomes.
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Application Deadline:
The application window for this position is anticipated to close on Dec-20-2023. 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 $103,000.00 to $174,200.00. 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)
