Discover Financial

2 months ago

Director, Assistant General Counsel - Payments

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI

Last checked: 2 hours agoStatus: Live

Job Summary

Serve as a key legal advisor to the Canadian credit card business, supporting product development, regulatory compliance, and strategic initiatives. Advise on Canadian payments laws and credit card regulatory requirements, emerging payments issues (tokenization, digital wallets, open banking, third-party providers), and complex commercial contracting. Draft, review, and negotiate key agreements and respond to regulatory, government, or audit requests while translating legal guidance into practical direction for senior business leadership.

Location: Toronto

Workplace: Hybrid

Employment Type: Full time

Job Function: Legal, Risk & Compliance

Seniority: Director level

Key Responsibilities

•Provide strategic legal advice and support to business partners on current products and new business strategies.
•Advise on Canadian payments laws and frameworks, including RPAA, PCMLTFA, Bank Act, and oversight from Bank of Canada, Fintrac, and FCAC.
•Advise on credit card regulatory requirements, including disclosure, consumer protection, interchange, and network rules.
•Draft, review, and negotiate complex commercial agreements, including vendor, processing, co-brand, and technology agreements.
•Assist and/or lead in responding to regulatory, government, or audit requests.

Pay and Benefits

Perks:Remote WorkHealth InsuranceTuition Subsidies

Key Requirements

•Law degree (LLB or JD) from an accredited law school and an active license to practice law in Ontario.
•At least 10 years of experience in private practice, an in-house legal department, or other work setting supporting financial services business teams.
•In-depth knowledge of the payments ecosystem, commercial contracting, and data protection laws.
•Deep expertise in payments, credit cards, and financial services regulation in Canada.
•Strong familiarity with key regulatory bodies, including OSFI, Fintrac, FCAC, and the Bank of Canada.

Experience:10+ yearsFinancial servicesPaymentsCredit cards

Education:Professional (JD, MD, etc.)

Skills:Strategic thinkingRisk managementPragmatic problem solvingCollaborationTranslating complex information

Licenses:Active license to practice law in Ontario

Company Brief

Discover Financial

Industry: Retail Banking

Website

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Discover Financial

2 months ago

Director, Assistant General Counsel - Payments

✓ Verified Job

Canonical indexed version, validated from employer's careers page.

Source: Company careers pageValidated by: Fursa AI

Last checked: 2 hours agoStatus: Live

Job Summary

Location: Toronto

Workplace: Hybrid

Employment Type: Full time

Job Function: Legal, Risk & Compliance

Seniority: Director level

Key Responsibilities

•Provide strategic legal advice and support to business partners on current products and new business strategies.
•Advise on Canadian payments laws and frameworks, including RPAA, PCMLTFA, Bank Act, and oversight from Bank of Canada, Fintrac, and FCAC.
•Advise on credit card regulatory requirements, including disclosure, consumer protection, interchange, and network rules.
•Draft, review, and negotiate complex commercial agreements, including vendor, processing, co-brand, and technology agreements.
•Assist and/or lead in responding to regulatory, government, or audit requests.

Pay and Benefits

Perks:Remote WorkHealth InsuranceTuition Subsidies

Key Requirements

•Law degree (LLB or JD) from an accredited law school and an active license to practice law in Ontario.
•At least 10 years of experience in private practice, an in-house legal department, or other work setting supporting financial services business teams.
•In-depth knowledge of the payments ecosystem, commercial contracting, and data protection laws.
•Deep expertise in payments, credit cards, and financial services regulation in Canada.
•Strong familiarity with key regulatory bodies, including OSFI, Fintrac, FCAC, and the Bank of Canada.

Experience:10+ yearsFinancial servicesPaymentsCredit cards

Education:Professional (JD, MD, etc.)

Skills:Strategic thinkingRisk managementPragmatic problem solvingCollaborationTranslating complex information

Licenses:Active license to practice law in Ontario

Company Brief

Discover Financial

Industry: Retail Banking

Website