Description:
A Payroll, HR and Tax Management Services Companyis hiring a VP Counsel, Payments and U.S. Money MovementThe VP Counsel is responsible for providing legal advice and support to cross-functional teams related to A Payroll, HR and Tax Management Services Company's domestic money movement products and services, including direct legal responsibility for A Payroll, HR and Tax Management Services Company Payment Solutions. The individual will be responsible for the day-to-day legal support of Wisely and its in-app financial services, Direct Deposit via ever-evolving payment rails, Print Services (ADPCheck and wage statements) and compliance with A Payroll, HR and Tax Management Services Company's prepaid accounts anti-money laundering program. The individual will provide leadership, compliance expertise, regulatory guidance and legislative input in support of A Payroll, HR and Tax Management Services Company's domestic money movement activities. The individual will interface with both state and federal regulators, A Payroll, HR and Tax Management Services Company senior management, business unit management, various A Payroll, HR and Tax Management Services Company corporate functions, outside counsel, partners, vendors and lobbyists.
General Responsibilites:
Provide day-to-day legal and compliance guidance to ensure product compliance in the highly regulated areas of wage payments (state labor laws/regulations), consumer financial services (CFPB - Regulation E and UDAAP) and money movement (FinCEN/IRS - Bank Secrecy Act/Anti-Money Laundering, as well as the NACHA, The Clearing House, FedNow, and applicable card networks governing the various payment rails; and state escheat laws).
Location: Roseland, NJ or Alpharetta, GA in a hybrid environment working three days in the office and two days working from home.
Qualificatons Required:
Preferred Qualifications: Preference will be given to candidates with experience in the following areas:
You'll love working here because:
- Provide legal direction and guidance to the product management organization to ensure that the wage payment/money movement products and services offered in the U.S. comply with existing and changing laws and regulations.
- This individual also will support the A Payroll, HR and Tax Management Services CompanyAML Officer with respect to compliance with A Payroll, HR and Tax Management Services Company's prepaid accounts anti-money laundering program.
- Provide A Payroll, HR and Tax Management Services Company's lobbying and government affairs resources with input related to proposed changes in laws applicable to wage payments, including Earned Wage Access and on-demand pay products, and money movement.
- Provide legal support and guidance (vendor contracts, in coordination with the Global Contracts Team, and compliance initiatives) for the banking relations team.
- Provide legal support and guidance to the product marketing team to help ensure consistent and accurate product marketing and documentation in the high risk, highly regulated consumer financial services industry.
- Monitor and analyze emerging and applicable regulatory developments.
- Keep abreast of wage payment and money movement compliance standards and best practices.
- Identify and drive implementation of compliance initiatives.
- Participate in professional organizations and conferences and provide payments and money movement compliance thought leadership.
- Establish effective working relationships with business and functional associates including participation on the Employee Financial Solutions senior leadership team.
- Support EFS initiatives and compliance related needs and perform other duties as assigned. Some travel may be required.
Qualificatons Required:
- J.D. required. Must be admitted to a state bar and in good standing.
- 10+ years of legal experience is required.
- 3-5+ years of experience dealing with wage payment matters, state/federal money transmitter/money services business matters and/or use of prepaid account for wage payments is preferred.
- 5+ years of experience as in-house counsel (preferably with a fortune 500 corporation)
- Experience in interfacing with regulators; and advising senior and business unit management on compliance-related matters, is preferred.
- Compliance-related experience in the areas of state payroll laws, Regulation E of the Electronic Funds Transfer Act, UDAAP, NACHA, state/federal money transmitter/MSB laws and a working knowledge of the Bank Secrecy Act and implementation and oversight of anti-money laundering programs.
- Proven ability to build strong relationships with key stakeholders.
- Experience negotiating and drafting complex bank and network agreements.
- Experience in either legislative/regulatory processes and/or client facing roles a plus.
- Knowledge of human capital management and/or financial services industries, or components thereof, preferred.
- Excellent organizational, written and communication skills.
- Ability to work in a highly regulated environment.
- Ability to analyze and assess new rules and regulations.
- Must be a motivated self-starter with the ability to manage matters/people and proactively anticipate issues and problems as they arise.
You'll love working here because:
- Be yourself in a culture that values equity, inclusion, and belonging and creates a safe space for diverse perspectives and insights.
- Belong by joining one of nine Business Resource Groups to connect globally with networks and allies who share common interests and experiences.
- Grow your career in an agile, fast-paced environment with plenty of opportunities to progress.
- Continuously learn through ongoing training, development, and mentorship opportunities.
- Be your healthiest. Best-in-class benefits start on Day 1 because healthy associates are happy ones.
- Focus on your mental health and well-being. We're here to provide exceptional service to our clients, and none of that happens without each of us taking care of ourselves and being there for one another.
- Join a company committed to giving back and generating a lasting, positive impact upon the communities in which we work and live.
- Get paid to pay it forward. Company-paid time off for volunteering for causes you care about.
