Full-Time

Assistant General Counsel

Enterprise Innovation Payments Product Counsel

Posted on 9/11/2024

Capital One

Capital One

10,001+ employees

Offers diverse financial products and services

Fintech
Financial Services

Compensation Overview

$233.1k - $266kAnnually

+ Performance-based incentive compensation + Cash bonuses + Long-term incentives

Senior

No H1B Sponsorship

McLean, VA, USA + 2 more

More locations: Richmond, VA, USA | New York, NY, USA

Hybrid role requiring 2-3 days in-person at one of the listed offices.

Category
Legal
Contract Management
Legal & Compliance
Requirements
  • Juris Doctor from an accredited law school
  • Active member in good standing of at least one state bar
  • At least 8 years of experience as an attorney in a law firm, in-house legal department, or a combination
  • Experience supporting ecommerce, mobile apps, payments or software products and/or agreements
  • Experience with consumer finance laws and regulations
Responsibilities
  • Provides strategic advice: You’ll be something of an investigator: you’ll work on projects that unite our many lines of business (Branded & Partnerships Cards, Retail Bank, Commercial Bank, Auto Finance, and other Enterprise products like Capital One Shopping), so you’ll drill down into how we do what we do, and why we do what we do, so we can build a better way. You’ll understand the business’ objectives, understand the full landscape and context of the applicable law, and work through unchartered territory as you apply the law to business initiatives.
  • Translates the law for the business, and translates business intent for the lawyers: You’ll need to understand the law and work with our regulatory subject matter experts on novel issues (e.g., the alphabet soup of consumer finance laws including TILA & Reg Z, EFTA & Reg E, GLBA & Reg P, FCRA & Reg V, TCPA, E-SIGN, CCPA/CPRA, etc.), understand the business (e.g., consumer credit, customer identity management, fraud prevention), understand the technology (APIs, mobile and web apps, SaaS, AI, machine learning), and put them all together as a trusted business advisor. You’ll translate between business intent, regulatory requirements, legal guardrails, best practices, etc. You won’t need to know everything about everything, but you’ll need to know a little about a lot, and know how to communicate legal requirements to the business, and business requirements to legal subject matter experts.
  • Autonomously manages the contracting pipeline: You’ll structure, draft, negotiate and finalize contracts related to our products - supporting the full contracting lifecycle soup-to-nuts and engaging our various subject matter experts as needed. You’ll apply fresh ideas and perspectives to established products and baseline terms as well as draw on your creativity to create bespoke arrangements for products or features that are new to the marketplace.
  • Partners to Foster Innovation: You’ll collaborate closely with colleagues across the Legal Department to fully evaluate and scale risk. You’ll work to push responsible innovation in challenging gray areas.
  • Reviewing product feature changes for regulatory compliance issues by meeting with business partners to better under the feature, identifying legal obligations or risks, and providing recommendations to manage legal risk, e.g., revising user-facing content, drafting product terms and disclosures, and assisting with strategic partnership integrations.
  • Performing legal research on the application of existing and new laws to novel implementations of technology (e.g., privacy laws, TCPA, IP, Reg Z, Reg E, FCRA; APIs, cloud platforms, mobile apps, SaaS, machine learning and artificial intelligence), developing legal theories when applying the law to complex use cases, and using your knowledge and expertise to influence business strategy and decisions.

Capital One offers a variety of financial services, including credit cards, savings accounts, car loans, and business checking accounts, primarily in the United States. The company focuses on user-friendly banking solutions with no fees or minimums for checking accounts, making it easier for customers to manage their money. Capital One stands out from competitors with its commitment to financial inclusion and literacy, partnering with organizations to provide educational resources. The goal is to transform the banking experience by ensuring everyone has access to financial services and the knowledge to make informed decisions.

Company Stage

IPO

Total Funding

$15.9M

Headquarters

McLean, Virginia

Founded

2014

Simplify Jobs

Simplify's Take

What believers are saying

  • Partnership with Worldpay enhances payment security and efficiency for merchants.
  • Capital One's collaboration with HITEC improves data infrastructure and decision-making.
  • Financial empowerment initiatives support community stability, like the $86,000 grant to United Way.

What critics are saying

  • Increased competition in subscription management tools may dilute Capital One's first-mover advantage.
  • Over-reliance on partnerships for tech advancements could pose risks if partnerships falter.
  • Departure of key personnel like Joe Rodriguez may affect risk management expertise.

What makes Capital One unique

  • Capital One offers user-friendly banking with no fees or minimums for checking accounts.
  • The company partners with Minna Technologies for subscription management tools in its app.
  • Capital One's mobile banking app is a model for secure, user-friendly digital banking.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Medical, Dental, & Vision coverage

Onsite Health Centers

Prescription saving with network of local pharmacies

Stock Purchase Plan

Education Assistance

401(k)

Flexible Spending Accounts

Life and Disability insurance

Generous paid time off + corporate & floating holidays

Registered dieticians on site, cooking classes and free virtual fitness classes

Employee Assistance Program

INACTIVE