Payments Legal Counsel - VP

Job description

Job Description Purpose of the role: To ensure that the payment activities are conducted in compliance with applicable laws and regulations, and to help the bank manage legal risks associated with these activities. Accountabilities: - Development and implementation of best practice legal strategies for risk management and compliance. - Legal advice and support to the bank's payments-related activities including merchant acquiring, card issuance, cross currency payments, payment systems and mobile payments. - Representation of the bank in legal proceedings related to payment services, such as litigation, arbitration, and regulatory investigations. - Creation and review of legal documents such as payment services agreements, cardholder agreements, and other payment-related agreements to ensure compliance with applicable laws and regulations and, where relevant, negotiate with counterparties. - Pro-active identification, communication, and provision of legal advice on applicable laws, rules and regulations (LRRs). Keeping up to date with regards to changes to LRRs in the relevant coverage area. Ensuring that LRRs are effectively allocated to, and adequately reflected within, the relev...