1+ months

Director and Senior Counsel, Bank Regulatory and Credit Risk - 49829

Riverwoods, IL 60015
  • Job Code

Company Overview:

Discover Financial Services is a direct banking and payment services company with one of the most recognized brands in U.S. financial services. Since its inception in 1986, the company has become one of the largest card issuers in the United States. The company issues the Discover card, America's cash rewards pioneer, and offers private student loans, personal loans, home equity loans, checking and savings accounts and certificates of deposit through its direct banking business. It operates the Discover Global Network comprised of Discover Network, with millions of merchant and cash access locations; PULSE, one of the nation's leading ATM/debit networks; and Diners Club International, a global payments network with acceptance in 190 countries and territories.

Discover's vision is to be the leading direct bank and payments partner and its mission is to help people spend smarter, manage debt better and save more so they achieve a brighter financial future.

At Discover, be part of a culture where diversity, teamwork and collaboration reign. Join a company that is just as employee-focused as it is on its customers, and which is consistently awarded for both. We're all about people and our employees are why Discover is a great place to work. Be the reason we help millions of consumers build a brighter financial future and achieve yours along the way with a rewarding career.


Attorney responsible for providing legal counsel regarding federal and state prudential regulatory issues that may impact Discover. Specific responsibilities include:

  • Advising business partners on all prudential bank and bank holding company regulatory matters, including, Regulation Y, Regulation YY, Regulation W and Regulation O
  • Monitoring government agency and other sources for applicable legislative and regulatory changes and developments
  • Analyzing pending federal and state legislation and regulations
  • Consulting with and advising senior business unit management on complex legal issues involving final and proposed Federal Reserve and FDIC rules
  • Analyzing and advising business clients on new and amended regulations and laws
  • Preparation of rule summaries and communicating the information to affected stakeholders across the Company
  • Conducting state and federal regulatory research on a wide variety of banking law topics
  • Providing regulatory exam advice and support.


  • JD from ABA accredited law school and admission to the Bar
  • Minimum of 5 years relevant experience required
  • Familiarity with federal prudential banking regulations
  • Strong oral and written analytic and communication skills
  • Excellent attention to detail and critical thinking
  • In-depth knowledge of the agencies that regulate banks and bank holding companies.


Discover Financial Services is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status, among other things, or as a qualified individual with a disability.



  • Banking / Finance
Posted: 2019-07-27 Expires: 2019-11-02

Welcome to Discover
We strive to be the leading direct bank and payments services company. Our mission is to help people spend smarter, manage debt better, and save more to achieve a brighter financial future.

Why Work with Us?
You can make an impact. Whether it’s developing corporate strategy, innovating new services or supporting IT needs, every employee has the opportunity to be a vital part of our business and make a real difference in people’s lives. It’s the heart of what we do.


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Director and Senior Counsel, Bank Regulatory and Credit Risk - 49829

Riverwoods, IL 60015

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