Managing Counsel, Embedded Finance

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Job Title

Managing Counsel, Embedded Finance

About your role:

As Managing Counsel, you will provide legal support for embedded finance and digital asset products, including payments, account products, card programs, money movement, digital wallets, stablecoins and related technology-enabled financial services. You will work with business leaders, product, sales, operations, risk, compliance and legal partners to support product development, commercial agreements and regulatory alignment that help Fiserv deliver financial services at scale.

What you'll do:

• Serve as a primary legal advisor to the Embedded Finance and Digital Assets business, providing practical counsel to senior leaders and cross-functional teams.
• Structure, draft and negotiate complex commercial agreements with clients, financial institutions, sponsor banks, payment networks, program managers, issuers, custodians, technology providers, vendors and strategic partners.
• Advise on the development, commercialization, implementation and operation of embedded financial products, including deposit and account products, debit, prepaid and credit card programs, payment acceptance, money movement, disbursements, lending, digital wallets, rewards, program management and application programming interface-enabled financial services.
• Provide legal and regulatory guidance for digital asset products and initiatives, including payment stablecoins, tokenized deposits, digital asset custody and wallets, blockchain-enabled payments and settlement, reserve and custody arrangements, and digital asset platform capabilities.
• Advise on allocation of responsibilities among Fiserv, clients, sponsor banks, issuers, custodians and other third parties for regulatory compliance, customer servicing, fraud, disputes, complaints, data, risk management, reserve management, custody and operational obligations.
• Develop and maintain scalable legal frameworks, contracting models, templates, playbooks and processes that promote consistency, efficiency and risk management.
• Coordinate with legal and corporate specialists on regulatory, compliance, privacy, cybersecurity, intellectual property, finance, tax, audit, litigation, employment and related matters.
• Responsibilities listed are not intended to be all-inclusive and may be modified as necessary.
• Experience you'll need to have: 8+ years of experience structuring, drafting, negotiating and redlining complex commercial agreements involving financial products, technology services, financial institutions, clients, vendors or strategic partners.
• 6+ years of experience advising on regulatory issues related to payments, banking, embedded finance, card issuing, financial technology, digital assets or related financial services products.
• Experience identifying legal and regulatory risks and developing practical mitigation strategies for business stakeholders, product teams and cross-functional partners.
• Licensed to practice law and active in good standing in at least one appropriate jurisdiction.
• Juris Doctor degree or higher from an accredited law school.
• Experience that would be great to have: 8+ years of experience providing legal counsel for financial services, payments, fintech, banking, technology or other regulated businesses.
• Experience with deposit or account products, debit, prepaid or credit card programs, payment processing and acquiring, money movement, disbursements, lending, digital wallets, program management or sponsor bank relationships.
• Experience advising on payment stablecoins, tokenized deposits, blockchain or distributed ledger technology, digital asset custody or related digital asset regulation.
• Familiarity with legal and regulatory frameworks applicable to banks, fintechs, payment companies and technology service providers.
• Experience counseling product teams through product design, regulatory review, contracting, implementation, launch and ongoing operations.

How you'll work:

This role is on-site Monday through Friday. Fiserv considers in-person collaboration to be an essential part of this role as in-person office experiences help you with your overall onboarding experience and leads to stronger productivity.

This role requires use of a computer and audio equipment.

Travel:

This role requires occasional travel (up to 10%).

Sponsorship:

You must currently possess valid and unrestricted U.S. work authorization to be considered for this role. Individuals with temporary visas including, but not limited to, F-1 (OPT, CPT, STEM), H-1B, H-2, or TN, or any candidate requiring sponsorship, now or in the future, will not be considered for this role.

Our commitment to Equal Opportunity:

If you have a disability and require a reasonable accommodation in completing a job application or otherwise participating in the overall hiring process, please contact  AskHR.US@fiserv.com . Please note our AskHR representatives do not have visibility to your application status. Current associates who require a workplace accommodation should refer to Fiserv’s Disability Accommodation Policy for additional information.

Note to agencies:

Fiserv does not accept resume submissions from agencies outside of existing agreements. Please do not send resumes to Fiserv associates. Fiserv is not responsible for any fees associated with unsolicited resume submissions.

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