Senior Principal Counsel - Fair Lending

Discover Financial Services is seeking an experienced and dynamic Senior Principal Counsel to join our Fair Lending team. You will join a highly collaborative legal team to ensure that the company’s products and services comply with applicable laws and regulations regarding fair lending. This position requires an individual with deep expertise in fair lending, a commitment to excellence, and a passion for the company’s mission.A successful candidate must possess a Juris Doctor degree from an accredited law school and be a member in good standing of a state bar. You should have a minimum of 8 years of experience in consumer financial services regulatory law, preferably in a large law firm or in-house legal department. You must have a thorough understanding of fair lending laws and regulations, including the Equal Credit Opportunity Act, the Home Mortgage Disclosure Act, and the Fair Housing Act. The ideal candidate will also have knowledge of other consumer lending laws and regulations, such as the Truth in Lending Act, the Real Estate Settlement Procedures Act, the Electronic Funds Transfer Act, and the Fair Credit Reporting Act. A positive attitude, strong communication skills, and the ability to collaborate with various teams are essential.

Responsibilities:

1. Provide legal advice and guidance to the company regarding fair lending laws, regulations, and compliance.
2. Monitor, analyze, and interpret fair lending laws and regulations and advise on changes in the legal and regulatory landscape.
3. Prepare and review legal documents, such as contracts, memoranda, letters, and legal opinions.
4. Develop and implement policies and procedures to ensure compliance with applicable fair lending laws and regulations.
5. Participate in the development and implementation of training programs to ensure legal compliance with fair lending laws.
6. Manage outside counsel and other legal resources to ensure timely and accurate legal advice and services.
7. Represent the company in regulatory and legal matters related to fair lending.
8. Identify potential risks and create strategies to mitigate them.
9. Maintain an in-depth knowledge of applicable laws, regulations, and industry best practices.
10. Stay abreast of new developments in the field of fair lending.

According to JobzMall, the average salary range for a Senior Principal Counsel - Fair Lending is $186,000 to $229,000. This range varies depending on the size of the organization, the amount of experience the attorney has, and the location of the position.

Discover Financial Services, Inc. is an American financial services company that owns and operates Discover Bank, which offers checking and savings accounts, personal loans, home equity loans, student loans and credit cards. It also owns and operates the Discover and Pulse networks, and owns Diners Club International.