Director, Payments Legal

At FNBO our employees are the heart of our storyand were committed to their success! Please see below the details of this career opportunity and how it fits into our organizations success.

We believe in a Modern Flexible Workplace and we are continuously exploring advancements in technology and office environments to make it easier to work from anywhere at any time allowing for more flexibility in where and how you work. We know that choice and flexibility are important to you. We also recognize that flexible and remote positions can become opportunities for military partners caregivers and individuals with disabilities to thrive at our company. We invite you to consider what a Modern Flexible Workplace can mean for you!

It is anticipated that an incumbent in this role will work onsite for three (3) or more days a week and will have a dedicated workspace when working onsite. Work location is subject to change based on business needs.The Director of Payments Legal is responsible for the management of legal risk within FNN/FNBO business unit(s) with respect to electronic payments and treasury management products and services. This role requires an individual with expertise in U.S. payment laws and regulations with a functional knowledge of banking products and services and will advise on a range of topics for those products and services.

This role is focused on enabling the business unit to achieve strategic goals while ensuring adherence to the banks risk appetite. This individual is accountable to openly share knowledge opinions ideas and elevate concerns as identified as to ensure compliance and effective risk-based decision making within the First Line of Defense.

About This Role:

• Provide legal counsel on a wide range of electronic payments and treasury management products and services. Partner with business and risk stakeholders to support the launch of new products and services sales efforts enhancements to processes and day-to-day legal matters by developing and presenting documented recommendations that clearly outline legal risks requirements to comply with rules regulations and policies within the banks risk tolerance.
• Draft and negotiate a variety of agreements including services agreements complex commercial agreements and banking agreements including but not limited to Banking as a Service Embedded Finance Third-Party Sender and Third-Party Service Provider relationships and white-label agreements.
• Advise business partners on product-specific laws regulations and risk considerations including regulations and guidance issued by the OCC FDIC FinCEN and other regulatory bodies as applicable.
• Monitor research and interpret regulatory changes legislative trends and legislative developments. Provide ongoing and documented guidance as to their impact on products services and operations.
• Respond timely to business inquiries regarding legal risk. Provide documented consistent and actionable direction within the banks risk appetite.
• Provide reporting and updates to division leadership on material legal matters and decisions. Ensure appropriate issue escalation.

The Ideal Candidate for This Role:

Key Skills:

• Excellent communication and storytelling skills with an aptitude for delivering information effectively to all levels of management
• Ability to think creatively and strategically while developing and implementing tactical solutions to business plans
• Demonstrated understanding of legal and risk program concepts with an ability to translate this understanding into effective decisions that meet business and regulatory needs
• Excellent project/time management skills and the ability to multi-task and maintain composure in a fast-paced environment.
• Self-motivated and detail-oriented with ability to make reasoned decisions under pressure.
• Strong collaboration and influencing skills ability to identify and influence key decision makers across various levels and functions within the organization
• Ability to analyze and interpret quantitative data to evaluate the impact of regulations policies and risk exposures on business operations.
• Consistently demonstrates clear and concise written and verbal communication skills with ability to engage at senior management levels

Minimum Qualifications:

• Minimum of 7-10 years experience in the financial services industry specifically payments and commercial banking services
• Juris Doctor (J.D.) from an accredited law school
• Active license to practice law in the applicable jurisdiction (state bar membership required).
• Strong communication and collaboration skills including the ability to work effectively with others at all levels across the organization.
• Deep knowledge of laws and regulations applicable to payments companies including but not limited to UCC4A BSA/AML EFTA UDAAP NACHA Card Brand Rules Regulation J and Federal Reserve Operating Circulars.
• Proficient in Microsoft Suite (Word Excel PowerPoint Outlook and Teams)
• Experience in the use of LLMs and GenAI with a willingness to use and incorporate into daily workstream
• Extensive research and analytical skills with high attention to detail and accuracy
• Ability to exercise independent judgment and creative problem-solving techniques

Candidates must possess unrestricted work authorization and not require future sponsorship.

Compensation:

Compensation range (base pay): $105443.00-$179253.00

This role may have a specific starting pay within this range.

Final compensation offer to candidate may vary from posted hiring range based upon work experience education and/or skill level.

Benefits Overview:

We offer a variety of benefits designed to keep you and your family physically and financially healthy. Not only do we offer a competitive salary and work-life balance we offer benefits to match your needs:

• Medical Dental Vision Insurance

• 401k With Matching Contributions

• Time Off Programs

• Health Savings Account (HSA)/Dependent Care

• Employee Banking

• Growth Opportunities

• Tuition Assistance

• Short-Term/Long-Term Disability Insurance

Learn more about FNBO benefits here: additional information regarding compensation and benefits e-mail FNBO at . To ensure you receive a response include the number of this job (listed below) in the subject line of your message.

Job number: R-

Equal Opportunity & Belonging:

FNBO believes that the quality of our employee experience is at the heart of our customer experience. One key pillar of our intended employee experience is Belonging. Belonging means we are committed to fostering a workplace culture where employees of all backgrounds feel valued recognized and empowered to be their authentic selvesno matter their role or where they are in their journey.

Learn more here.

FNBO is an equal opportunity employer for all employees and applicants and makes employment decisions without regard to status or identity.

Click here to download EEO is The Law Self-Print Poster

Click here to download EEO is The Law Supplement for Federal Contractors

Click here to download EEO is The Law GINA Supplement

FNBO is an Equal Opportunity/Affirmative Action/Veterans/Disability Employer - Member FDIC

FNBO follows federal law regarding the use of marijuana (this applies to all non-California applicants)

Application Deadline:

All our jobs will be posted for a minimum of 5 calendar days. Job postings may come down prior to 5 calendar days based on volume of applicants.