About this role:Wells Fargo is seeking an Assistant General Counsel, Executive Director - Payments Policy on our Enterprise Payments Legal team to provide legal support on a broad range of payment products and services.
In this role, you will focus on regulatory policy and engagement related to payment matters, trade association engagement on advocacy related to payment matters, and product legal support as needed. For additional information on this line of business, refer to the external Careers Site at Wellsfargo.com/career.
In this role, you will:- 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
Required Qualifications:- 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
Desired 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
Pay RangeReflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.
$173,300.00 - $359,900.00
Benefits Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.
- 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
Posting End Date:28 Mar 2025
* Job posting may come down early due to volume of applicants. We Value DiversityAt Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, status as a protected veteran, or any other legally protected characteristic.
Applicants with DisabilitiesTo request a medical accommodation during the application or interview process, visit Disability Inclusion at Wells Fargo .
Drug and Alcohol PolicyWells Fargo maintains a drug free workplace. Please see our Drug and Alcohol Policy to learn more.
Wells Fargo Recruitment and Hiring Requirements:a. Third-Party recordings are prohibited unless authorized by Wells Fargo.
b. Wells Fargo requires you to directly represent your own experiences during the recruiting and hiring process.
