Attorney - Global Transaction Services - Payments

Job Description:

Provide legal support for a host of cash management services including domestic and international funds transfers (e.g., wire and ACH), FX, checks, digital disbursements, electronic bill payment, and other non-card payment services, as well as for e-commerce initiatives.  Provide legal advice relating to domestic and international payment, messaging and settlement systems, including Fedwire, CHIPS and SWIFT. Work with regional GTS counsel supporting products and initiatives in their respective regions on global matters emanating from the US, including coordinating with outside counsel to conduct global due diligence projects. 

Provide thorough, accurate, timely and practical legal advice with an appropriate risk/reward balance on all applicable issues, including with respect to new product development, product support, operational matters, customer complaints, termination of customer relationships and marketing communications.  Assist in the resolution of payments issues and concerns, including addressing issues of payment fraud and cyber-fraud, fraud recovery, and similar concerns. Provide legal support with respect to legal and regulatory issues. 

Facilitate product development and implementation by providing advice on innovative payment technologies, such as Distributed Ledger, Real Time Payments, Electronic Signature, and Digital Wallets.  Draft and negotiate contracts, particularly with respect to new products and customized agreements, and engage and manage outside counsel, if needed, to assist.  Work closely with Contract Management on RFP and contract issues.

Partner with others in Legal, Risk and Compliance in order to ensure that issues are appropriately vetted, addressed and escalated.

Requirements:

• 10-15+ years of law firm and/or internal counsel experience in the financial services industry, including with respect to the cash management business, and a solid understanding of banking laws, regulations and rules impacting the above cash management services, including ACH/NACHA rules, UCC Articles 3, 4 and 4A, and other payment system rules.
• Strong negotiation and organizational skills.
• The ability to communicate clearly, both verbally and in writing, at all levels within the organization, including being able to make and communicate difficult decisions to appropriate persons in the organization.
• Strong work ethic and self-initiative, with the ability to manage a high volume of work in a fast-paced and changing environment.
• The ability to effectively balance risk and reward and to be a strategic partner with clients to help them achieve their business objectives with an appropriate risk/reward balance.
• Strong interpersonal skills with the ability to work well as part of a team with other lawyers, clients, Risk, Compliance, Contract Management and other partners.
•  Qualified Attorney with a JD and active bar membership in good standing.  

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