Director & Senior Counsel

Discover

Location: Springfield, Illinois

Job Type: Not Specified

Posted


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

Under the direction of a managing attorney, this role involves handling complex legal matters and projects including providing legal advice, direction and training to in-house business partners, supporting a risk-aware culture and ensuring effective risk management practices in accordance with relevant laws, regulations, and company policies to enable the Discover enterprise businesses (Card, Personal Loan, Student Loans, Mortgage Loans and Deposits) to legally collect debts owed by Discover customers. The candidate will identify, assess and communicate legal and relevant regulatory requirements and industry best practices relevant to the Company and its businesses There is an emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business units risk appetite and all risk and compliance program requirements.

Responsibilities:

  • Provides strong support for Discover’s post-charge-off collection, recovery, and payment activities covering Discover’s credit card, deposits, student loan, personal loan, and mortgage loan products.
  • Exercises prudent discretion and decision-making skills by advising business clients on strategic and complex issues and requirements applicable to a Director and Senior Counsel in the Legal Organization, such as on new business initiatives, compliance with laws, regulations, policies and procedures, contract review and analysis, training, corrective actions, risk and issues raised in governance committees.
  • Exercises prudent discretion and decision-making skills by advising business clients on strategic and complex issues and requirements such as on new initiatives, compliance with laws, regulations, policies and procedures, training, corrective actions, risk, and issues raised in governance committees.
  • Identifies, assesses, communicates, and provides oversight and strategic guidance on new or proposed legal and regulatory requirements, emerging legal and regulatory risks and trends.
  • Counsels business clients on the legal issues related to the Fair Debt Collection Practices Act, Regulation F, state debt collection laws, UDAAP, Truth in Lending Act, Regulation Z, Telephone Consumer Protection Act, Fair Credit Reporting Act, Gramm- Leach Bliley, Equal Credit Opportunity Act, Regulation B, and any other applicable federal and state laws governing the servicing and collection of consumer debt.
  • Contributes to the creation of a favorable regulatory environment, such as devising and drafting regulatory and legislative proposals to achieve business objectives, analyzing, and preparing comment letters and position papers on proposed regulations and legislation, and analyzing and advising business clients on new and amended regulations and laws
  • Provides legal support in the development of policies, customer communications and disclosures
  • Works with business unit and compliance risk officers regarding compliance with laws and regulations and development of practices and procedures designed to assure compliance with such laws.

Minimum Qualifications

At a minimum, here’s what we need from you:

  • JD from an Accredited Law School completed
  • Active Law license in good standing
  • 8+ year of legal experience supporting consumer financial services products and services (including credit card, mortgage, student loans, personal loans, and deposit products), or job related

Preferred Qualifications

If we had our say, we’d also look for:

  • 10-15+ years of legal experience supporting consumer financial services products and services with a specialty in post-charge off recovery, or related

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.

You’ve got this!