Senior Counsel, Senior AVP - Merchant Services
About The Position
Wells Fargo is seeking a Senior Counsel to join the Merchant Services team within the Legal Department. The role provides legal support to the Merchant Services business on payment card acquiring, product development and implementation, key vendor relationships, regulatory requirements, risk management, payment network rules, and network agreements. The Senior Counsel works directly with business clients and partners with attorneys, risk and compliance partners, and other stakeholders to support Merchant Services activities and initiatives. The role leads or participates in moderately complex initiatives and deliverables and contributes to broader planning and strategic initiatives. It also assists senior lawyers with legal advice regarding federal and state laws and regulations affecting Merchant Services, analyzes related policies and procedures, advises on legal issues and risk mitigation strategies, and provides guidance on applicable financial-crimes requirements. The position requires onsite presence at one of the listed locations and a hybrid schedule with at least three days per week in the office. It is not eligible for visa sponsorship, and relocation assistance is unavailable.
Requirements
- At least 4 years of law experience, or equivalent demonstrated through work experience, training, military experience, education, or a combination of these.
- Active State Bar membership or the equivalent in a country outside the United States.
Nice To Haves
- Experience as a practicing attorney supporting merchant services, merchant acquiring, payments, or financial product development and implementation.
- Experience with credit and debit card network rules and regulations.
- Experience drafting and negotiating commercial agreements, including merchant agreements, statements of work, and nondisclosure agreements.
- Experience advising on BSA/AML, OFAC, KYC, and other financial-crimes requirements.
- Experience analyzing changes in laws and regulations and advising management regarding their impact on business activities.
- Ability to identify and analyze complex legal issues and provide practical legal advice and recommendations.
- Ability to collaborate effectively within the Legal Department and with business, risk, compliance, and other corporate partners.
Responsibilities
- Lead or participate in moderately complex initiatives and deliverables supporting Merchant Services and contribute to broader planning and strategic initiatives.
- Assist senior lawyers in providing legal advice and guidance regarding federal and state laws and regulations impacting Merchant Services, and analyze related policies, standards, and procedures.
- Provide legal support related to credit, debit, and other payment card acquiring activities and payment network requirements.
- Identify and analyze complex legal issues, develop conclusions, and advise business clients on appropriate legal and risk mitigation strategies.
- Provide legal guidance related to product development, implementation, and other Merchant Services business initiatives.
- Advise internal clients regarding applicable acquiring, money transmitter, BSA/AML, OFAC, KYC, and other financial-crimes requirements.
Benefits
- Health benefits
- 401(k) Plan
- Paid time off
- Disability benefits
- Life insurance, critical illness insurance, and accident insurance
- Parental leave
- Critical caregiving leave
- Discounts and savings
- Commuter benefits
- Tuition reimbursement
- Scholarships for dependent children
- Adoption reimbursement
- Potential sales incentives, discretionary bonuses, and/or equity in the form of Restricted Stock Units (RSUs)
- Potential incentive opportunities
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
No Education Listed
