Director & Senior Counsel- Payment Transactions

DiscoverRiverwoods, IllinoisFull TimeOn Site

About This Role

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:

Position Overview:

The Director and Senior Counsel of Payment Transactions supports Discover’s Payment Services line of business, including by acting as the lead attorney supporting network operations, program document development and transaction monitoring. The attorney serves in an individual contributor capacity and demonstrates a strong grounding in payment regulatory and contract law.


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. Incumbents identify, assess and communicate legal and relevant regulatory requirements and industry best practices relevant to the Company and its businesses, and manage assigned resources and budgets, including outside counsel budgets. 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. The incumbent may be an individual contributor or people leader, functionally or directly leading work group(s), small teams, or individual employees to deliver desired output. The incumbent typically provides coaching to increase effectiveness of others.


Creates a culture of effective risk management, accountability, and demonstration of risk awareness across the organization.



  • Provides legal and risk-mitigation advice on complex matters related to payment networks and the services they provide.

  • Exercises prudent discretion and decision-making skills by advising business clients on strategic and complex issues and requirements applicable to Discover’s operation of its payment networks, such as on new initiatives, business process reviews, compliance with laws, regulations, policies and procedures, contract review and analysis, 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 relating to Discover’s payment networks.

  • Exercises prudent discretion and decision-making to represent and/or advocate on the company’s behalf before regulatory bodies, as necessary, or in dealings with counterparties on matters such as litigation, commercial transactions, regulatory examinations and supervisory matters, comment letters and  position papers on proposed regulations, and legislation that may impact the company.

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


Minimum Qualifications

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

  • J.D. from accredited law school

  • 6+ years of legal experience supporting financial services products and services, or job related


Preferred Qualifications

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

  • 8+ years of legal experience supporting financial services products and services, or job related

  • Experience in the payments ecosystem, preferably with a network or payment processor



The base pay for this position generally ranges between $147,000.00 to $223,400.00. 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.



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


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)

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