Sr. Counsel, Open-Loop

Berkeley Heights
Dec 01, 2023
Dec 08, 2023
Contract Type

Calling all innovators – find your future at Fiserv.

We're Fiserv, a global leader in Fintech and payments, and we move money and information in a way that moves the world. We connect financial institutions, corporations, merchants, and consumers to one another millions of times a day – quickly, reliably, and securely. Any time you swipe your credit card, pay through a mobile app, or withdraw money from the bank, we're involved. If you want to make an impact on a global scale, come make a difference at Fiserv.

Job Title

Sr. Counsel, Open–Loop

What does a successful Sr. Counsel Money Network do?
As a Sr. Counsel, you would provide legal support to Fiserv's fast–paced, Open–Loop Prepaid business by interpreting applicable laws and regulations; drafting and negotiating agreements with clients and partners; providing counsel to sales, account management, product, and technology leaders on legal and business matters; and liaising with company specialists regarding intellectual property, technology, privacy, security, regulatory, employment, and litigation matters.

What you will do:

  • Providing counsel and legal advice on regulatory matters, strategic initiatives, client, partner and other contracts, intellectual property, dispute resolution, corporate policies and procedures, and administration

  • Working directly with business unit representatives to prepare and negotiate client, partner and other commercial contracts for payroll, funds disbursement, incentive, and gift card solutions

  • Advising business partners on legal, contractual, and risk matters impacting their areas of responsibility

  • Effectively interacting with corporate specialists regarding finance, audit, tax, IT, publicity/press, regulatory, privacy and technology matters that affect the open loop Prepaid business

  • Developing and maintaining forms of contracts and other legal documentation

What you will need to have:

  • 5+ years of relevant experience negotiating, drafting, and redlining contracts and providing regulatory prepaid program guidance

  • Demonstrated experience working in a highly regulated environment

  • JD from accredited law school

  • Licensed to practice, or ability to become licensed to practice, in appropriate jurisdiction

  • In good standing with State Bar with no disciplinary record

What would be great to have:

  • Prepaid card payments industry experience

  • Knowledge of regulatory requirements for prepaid business (e.g., CARD Act, Prepaid Access Rule, Prepaid Account Rule, AML, Reg E) State Money Transmission laws, state payroll card laws, applicable privacy laws, and Card Association rules

  • Experience interacting with senior management

  • Exposure to financial services and technology contracts

  • Self–assured, driven, independent leader

This role is not eligible to be performed in Colorado, California, New York or Washington.

Please note that salary ranges provided for this role on external job boards are salary estimates made by outside parties and may not be accurate.

Thank you for considering employment with Fiserv. Please:

  • Apply using your legal name
  • Complete the step–by–step profile and attach your resume (either is acceptable, both are preferable).

What you should know about us:

Fiserv is a global fintech leader with 40,000–plus (and growing) associates proudly serving clients in more than 100 countries. As a FORTUNE 500 company, one of Fast Company's Most Innovative Companies, and a top scorer on Bloomberg's Gender–Equality Index, we are committed to excellence and purposeful innovation.

Our commitment to Diversity and Inclusion:

Fiserv is an Equal Opportunity Employer, and we welcome and encourage diversity in our workforce that reflects our world. All qualified applicants will receive consideration for employment without regard to race, color, religion, sexual orientation, gender identity, national origin, disability, protected veteran status, or any other category protected by law.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. Please contact us to request accommodation.

Warning about fake job posts:

Please be aware of fraudulent job postings that are not affiliated with Fiserv. Fraudulent job postings may be used by cyber criminals to target your personally identifiable information and/or to steal money or financial information.

Any communications from a Fiserv representative will come from a legitimate business email address. We will not hire through text message, social media, or email alone, and any interviews will be conducted in person or through a secure video call. We won't ask you for sensitive information nor will we ask you to pay anything during the hiring process. We also won't send you a check to cash on Fiserv's behalf.

If you see suspicious activity or believe that you have been the victim of a job posting scam, you should report it to your local FBI field office or to the FBI's Internet Crime Complaint Center.