Assistant General Counsel Executive Director – Payments Policy
| Company | Wells Fargo |
|---|---|
| Location | Des Moines, IA, USA, Washington, DC, USA, San Francisco, CA, USA, Los Angeles, CA, USA, Charlotte, NC, USA, Minneapolis, MN, USA, Irving, TX, USA |
| Salary | $173300 – $359900 |
| Type | Full-Time |
| Degrees | JD |
| Experience Level | Senior, Expert or higher |
Requirements
- 7+ years of Law experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Active State Bar membership or the equivalent in a country outside the United States
Responsibilities
- Provide risk-managed integrated business advice to senior management on emerging and existing payment systems with significant business impact for the enterprise payment, deposit payments, and global payments/liquidity business functions
- Issue-spot, research, appropriately escalate, and help to resolve risks and concerns related to payments products and initiatives and applicable laws and regulations, including the Electronic Fund Transfer Act, Regulation E, Regulation J, Truth in Lending Act, Regulation Z, UCC Article 3, 4 and 4a, Expedited Funds Availability Act, Regulation CC, and UDAAP/UDAP
- Interact with and provide support to senior business clients, other legal teams, and control partners on legal issues, new business initiatives, regulatory items and product roadmap and strategy
- Lead the strategy and resolution of highly complex and unique challenges across multiple areas or the enterprise, delivering solutions that are long-term, large-scale and require vision, creativity, innovation, advanced analytical and inductive thinking, and coordination of highly complex activities and guidance to others
- Engage with external stakeholders and third parties to facilitate the development and implementation of new and modified payment systems
- Evaluate legal and regulatory risks associated with new and existing payment business opportunities, including risks associated with federal and state rulemaking activities
- Advise leadership to develop or influence objectives, plans, specifications, resources, and long-term goals for highly complex business and needs
- Handle matters that have a significant impact on the Company’s operations, strategies, or profitability
- Review and analyze complex large scale or long-term challenges that require in-depth evaluation of multiple factors including intangibles or unprecedented factors
- Provide vision, direction, and expertise to more experienced leadership on implementing innovative and significant business solutions that are large in scale or companywide strategies
- Educate, train, and supervise less experienced attorneys within the Legal department
- Engage and influence stakeholders, internal partners, and peers associated with the function or affected by its outcomes
Preferred Qualifications
- Experience as a practicing attorney in private practice and/or a financial services in-house legal department
- Extensive payments legal experience, including a deep understanding of relevant legal authorities (e.g., UCC Articles 3, 4 and 4a, Electronic Fund Transfer Act) and their application to emerging payments solutions (e.g., stablecoins)
- Familiarity with regulatory advocacy and payment network rules (e.g., Visa, MasterCard, ACH, RTP, EWS, Federal Reserve)
- Familiarity with U.S. Bank Secrecy Act (BSA)/Anti Money Laundering (AML) laws and Office of Foreign Assets Control (OFAC) regulations