Senior Managing Counsel - Corporate Payments

WEX•Chicago, IL

9d•$170,000 - $213,200

About The Position

The Senior Managing Counsel, Corporate Payments supports WEX’s Corporate Payments line of business on complex commercial transactions and product development and launches in the Americas. The role primarily supports the Commercial, Product and Marketing teams while collaborating with WEX Bank, Finance, Operations, Risk, Compliance and other stakeholders, and managing outside counsel. The position contributes to Legal Department strategy through process improvement initiatives and by partnering with Corporate Payments business leaders to address complex legal matters. The role leads and manages a team of legal professionals, oversees risk-appropriate handling of legal matters, and provides commercially focused advice across the product lifecycle. It also supports commercial contracting, marketing review, contractual queries and disputes, process improvements, and the development of team members.

Requirements

J.D. from an accredited law school.
At least 8 years of legal practice; in-house experience is ideal.
Licensed to practice in at least one U.S. state.
Significant experience structuring, drafting and negotiating a wide range of buy-side and sell-side commercial transactions, including transactions involving financial services, digital payments, technology and the public sector.
Experience in the payments and/or financial services industries and related laws and regulations.
Understanding of legal and practical aspects of a product lifecycle, with experience advising throughout that lifecycle.
Experience managing and supervising others.
Experience with legal matter management systems, contract lifecycle management systems and AI tools and capabilities.
Excellent verbal, written and interpersonal communication skills.
Strong resourceful problem-solving, detailed analysis and issue-resolution skills.
Ability to understand complex commercial, product and technical issues and business metrics.
Effective organizational, multitasking and prioritization skills to manage a high volume of work.
Ability to collaborate as part of a team and work independently as a self-starter.
Proactive approach to continuous improvement, learning new skills and addressing clients’ business needs with practical solutions.

Nice To Haves

In-house legal experience.

Responsibilities

Manage and lead a team of legal professionals supporting WEX Corporate Payments matters, and oversee their work to ensure risk-appropriate assessment and handling.
Draft, review and negotiate customer and partner agreements, including credit, technology integration, marketing, referral, technology and services agreements, and related documentation; facilitate stakeholder input and ensure adherence to corporate policies and standards.
Provide solution-oriented legal advice throughout the product lifecycle, from development through launch, commercialization and subsequent evolution; draft and review product terms such as app, API and website terms of use, integration terms and terms of service.
Identify, assess, manage and escalate legal and business risks as necessary, and guide team members in doing the same.
Review marketing collateral, press releases and marketing initiatives for WEX Corporate Payments.
Manage and resolve contractual queries and pre-litigation disputes raised by customers or commercial partners.
Identify and lead process improvement opportunities for commercial contracting, template creation and negotiation playbooks.
Develop and maintain relationships with Corporate Payments executives and leaders, and Product, Operations, Risk, Compliance and Finance leaders.
Collaborate with colleagues in other areas of the Legal Department to identify risks and provide comprehensive legal guidance.
Train and mentor team members, foster their growth and development in substantive areas, and help build transferable skill sets.
Engage, instruct and oversee outside counsel.
Advise internal stakeholders on compliance with contractual terms, policies and standards, while identifying potential business and legal risks.