The role will be to recommend strategic regulatory direction, interact with regulators in executing on our strategic plan, serve as a true business partner to review product flows, draft disclosures and terms of service, provide ongoing legal guidance in support of payments products, support negotiations with external vendors and draft and review commercial agreements. The ideal candidate is someone who is passionate about working in one of the e-commerce world's premier in-house Legal Departments and acting as a true business partner on a diverse range of cutting-edge legal issues in the payments space.
Regulatory advising:
Working with business and functional stakeholders to craft a regulatory strategy with respect to certain payments products in multiple jurisdictions
Create and maintain relationships with select regulators, including serving as point person for regulator communications
Execute on a plan to obtain needed or desired licenses
Product counseling:
Reviewing payments and risk product structure, flows and marketing to ensure compliance with legal requirements
Draft disclosures, terms of service and other user-facing language for payments and risk product launches and updates
Independently coordinating with functional stakeholders, including the Global Payments, Billing and Risk organization, Product, Tax, Finance, Privacy, Information Security, Litigation, IP, and other internal teams as needed
Contracting:
Working with business and functional stakeholders to understand, structure, draft, negotiate and close commercial agreements with external partners
Advising executives and stakeholders on risks and liabilities associated with different deals
Structuring agreements to enable a global payments strategy
Ongoing support:
Working closely with the Global, Payments, Billing and Risk organization and acting as a real-time legal advisor; understanding their needs and helping to find creative solutions to achieve business objectives
Identifying legal ramifications of expanding eBay’s operating model with respect to payments and risk products
Candidates must have:
JD or equivalent from an ABA accredited law school
Bar membership in at least one State
At least 10+ years of legal experience, preferably including significant prior experience supporting payments or risk organizations
Significant prior experience working with regulators, including U.S. federal- and state-level government agencies and preferably also including international government agencies, to achieve strategic outcomes for an organization at scale
Understanding of legal principles applicable to payments and risk, including the payments ecosystem (e.g., the role of acquiring and issuing banks, card networks, payment processors, gateways, risk vendors, etc.), regulatory implications (e.g., stored value, money transmission and escrow licensing and compliance obligations, CFPB actions, escheatment, international regulatory issues) and consumer protection laws
Strong business acumen and, in particular, well versed and articulate in connection with trends and key players in the payments and e-commerce sectors
The ability to build strong relationships quickly and interact with junior to senior business leaders with ease
Willingness to be flexible with the scope and variety of projects to be undertaken in this role
Comfort with ambiguity and a fast-paced culture, and a practical, solutions-oriented focus to solving legal challenges
Capable of working with minimal supervision
Self-motivated and self-directed
Strong judgment and project management skills and someone who’s always thinking about better ways of doing things
Possess and demonstrate shared leadership values and competencies – courageous, driven, inventive, team player, coach, and communicator
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