Discover Financial Services · 19 hours ago

Director & Senior Counsel - Benefits & Compensation

Riverwoods, IL

Contract

Remote

Senior Level, Lead/Staff, Director/Executive

$150K/yr - $229K/yr

6+ years exp

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No H1B

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Responsibilities

Exercises prudent discretion and decision-making skills by advising, counseling, training and supporting internal business clients on employee benefit and executive compensation matters, including health and welfare plans, retirement plans, severance plans, equity plans, and executive compensation programs, strategic and complex issues and requirements applicable to assigned role (e.g., Legal Counsel, Risk, Government Relations, Exam Management), such as on new initiatives, business process reviews, compliance with laws, regulations, policies and procedures, contract review and analysis, training, corrective actions, risk and issues raised in governance committees.

Supports the drafting and updating of benefit plan and executive compensation documents, including plan documents, summary plan descriptions, regulatory disclosures, compensation arrangements, equity award agreements, and employee communications.

Advise on fiduciary, tax, and compliance matters related to benefits and executive compensation (ERISA, the Internal Revenue Code, 409A, HIPAA, COBRA, ACA, and other applicable laws).

Assists with the preparation and review of securities filings (proxy statement, annual, quarterly, and current reports).

Monitors developments in the benefits and executive compensation practice areas and proactively evaluates the potential impact on benefits and compensation programs.

Supports vendor procurement by reviewing and negotiating contracts with employee benefits and executive compensation service providers.

Communicates effectively with internal clients, leadership, directors, and regulators, as applicable.

Continuously improves and adheres to required standards and processes to promote a risk-aware culture and ensure efficient and effective risk management.

Identifies, assesses, communicates, and provides oversight and strategic guidance on new or proposed legal and regulatory requirements, emerging legal and regulatory risks and trends.

Exercises prudent discretion and decision-making to represent and/or advocate on the company’s behalf before regulatory or judicial bodies, as necessary, or in dealings with counter-parties on matters such as litigation, commercial transactions, regulatory examinations and supervisory matters, comment letters and position papers on proposed regulations, and legislation that may impact the company.

Provides legal and risk-mitigation advice on complex matters related to the attorney’s assigned area(s) of legal coverage which may include one or more of the following coverage areas: Regulatory, Consumer Finance Advisory, Transactional, Anti-Trust, Privacy/Security, Technology, Employment/Benefits, Litigation, Collections, Public Company, Payments, and Intellectual Property.

Directly or functionally, leads, coaches and/or develops team members, as assigned and required by role at management’s discretion, to achieve Legal's mission and/or Discover’s business objectives.

Manages resources, as assigned, including overhead, outside counsel and other budgets to achieve Legal’s financial goals.

Qualification

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. in LawLegal experienceBenefits lawConsumer financial servicesExecutive compensation lawActive law licenseRisk managementComplianceCoachingContract negotiation