Sr. Legal Counsel - Sourcing

Description:

A Financial Services Company is revolutionizing the world of digital peer-to-peer payments! With a purpose-driven strategy and a strong culture of fintech innovation, A Financial Services Company has connected over 150 million people in the last five years. The Company's modern, mobile, and API-driven platform and collaborations with top brands make it easy for consumers to access its direct-to-consumer digital channel, global retail network, and embedded finance business for enterprise customers. A Financial Services Company is also a leader in pioneering cross-border payment innovation and blockchain-enabled settlement.

Join the movement of money with A Financial Services Company!
The Sr. Legal Counsel position is part of the Global Sourcing team and provides advice and assistance to all business lines within A Financial Services Company. The position will support medium and high complexity engagements with third party suppliers. Incumbents in this role work cross-functionally to develop and implement contract strategies that support and complement the detailed sourcing strategies put forth by the Assistant General Counsel within each spend category. It will be supporting the IT, Marketing, Product, HR, and Finance lines of business. This position will be responsible for drafting and negotiating contracts with A Financial Services Company's third-party service providers for a wide variety of services and products, including, but not limited to, master services agreements, software license agreements, SaaS engagements, SOW's, amendments, etc. This position is also responsible for advising clients regarding existing contractual obligations, and regulations applicable to the services and products, and for helping manage disputes with the third-party suppliers. This position reports to the Assistant General Counsel – Head of Sourcing. The incumbent will also provide indirect or direct supervision to Legal Specialist, Contract Manager(s), and/or lower-level Legal Counsels.

The Sourcing team provides legal services related to the procurement of technology, consulting, and related products and services for A Financial Services Company's segments and functions across the enterprise. The Sourcing Legal team works with stakeholders throughout the organization to ensure that all legal, regulatory, data security, privacy, and related risks are appropriately identified and addressed in third party supplier contracts.

Role Responsibilities:

• Draft, negotiate, and advise on contracts related to matters including, but not limited to, IT, Marketing, Product, HR and Finance, outsourcing, and other vendor contracts.
• Provide legal advice on data protection matters and assist with reviewing template data protection clauses.
• Responsible for the large deal negotiation, drafting and review of agreements (including complex, non-standard agreements) with the relevant business teams and internal business stakeholders with limited supervision.
• Provide advice to the business relating to routine matters, and/or assisting in resolving legal problems which may represent potential exposure to the Company,
• Coordinate with other company departments for providing advice on such laws and supports the implementation of any required changes (Privacy, Tax, Compliance, etc.).
• Responsible for on-going management of all supplier agreements, including audit of supplier performance against contractual obligations and Service Level Agreement, change of control management, renewals, issue escalation and supplier dispute resolution.
• Analyzes significant and/or unique contract requirements, special provisions, and terms and conditions to ensure compliance with relevant legal and regulatory requirements.
• Key advisory role in support of Contract Managers in all contract negotiations.
• Acts as subject matter expert regarding contract analysis, recommendations around best practices in contract development, and construction of applicable SLAs for inclusion in supplier agreements.
• Provides assessment and guidance around proposed contract language and structure, especially regarding risk, compliance, and fulfillment of contractual obligations by suppliers and A Financial Services Company alike.
• Analyzes significant and/or unique contract requirements, special provisions, and terms and conditions to ensure compliance with relevant legal and regulatory requirements.
• Primary oversight for process by which required approval of all contracts is gathered, contract execution/signing is managed, and contract implementation activities occur.
• Support Legal leadership in coordinating and attending meetings, telephone conversations, email exchanges and/or letters involving national and/or international matters involving the Company's suppliers.
• Provides advice on the legal aspects of proposed marketing campaigns and promotions, data protection and privacy laws and anti-trust compliance where applicable.
• Collaborates closely with the Compliance department in ensuring the provision of A Financial Services Company services are made in accordance with Anti-Money Laundering requirements in the relevant jurisdictions.
• Assists with the management of litigation processes and liaison with outside counsel as required.
• May assists in the development of internal procedures and best practice and compilation of precedents and know how.
• Works on required drafts and amendments and provides appropriate work direction to outside counsel who assists with these matters.
• Addresses any other general or ad-hoc legal queries/projects from internal business stakeholders.
• Performs other duties as assigned.

Qualifications:
Role Requirements
Any combination of relevant education and experience and/or related professional designations/certifications in this field is highly desirable.

Education:
Appropriate legal qualification and admission to practice law in relevant jurisdiction.

Experience:

• 7+ years' experience functioning as an attorney in a law firm or as in-house legal counsel.
• 2+ years of experience supervising legal support staff, demonstrating a strong ability to effectively hire, develop, coach, motivate and manage performance.

• Experience negotiating complex agreements relating to or consisting of master terms and conditions, software licensing, SaaS engagements, outsourcing, consulting, etc.
• Strong presentation and negotiation skills (including large, complex deals) – able to influence and persuade in decision making processes both internally and externally.
• Ability to prioritize matters and utilize time management skills.
• Ability to handle a heavy workload, manage stress effectively and meet critical deadlines.
• Team-oriented mentality and excellent interpersonal skills.
• Independent thinking skills.
• Ability to effectively handle conflict and stressful situations.
• Strong organizational skills: demonstrated ability to handle multiple and changing tasks simultaneously.
• Experience in contract drafting and negotiation.
• Familiarity with common law principles of contract law.
• Ability to work with key business partners and put legal analysis in its proper commercial context to maximize business results for all parties.
• Ability to work independently as well as part of a collegial team with some direct supervision, within company guidelines and department policies.
• Ability to draft clear, professional, and legally robust correspondence, contractual documentation, policies, and other documentation.
• Ability to build and maintain good relationships both internally and externally at all levels.
• Ability to work in a culturally diverse and changing environment.
• Ability to maintain confidentiality and/or sensitive business information.
• Excellent understanding of the Company's business with the ability to develop legal strategies to advance Company goals and objectives.
• Proven ability to effectively engage and manage outside counsel.
• Effective supervisory responsibility for staff (non-lawyer) positions.
• Proficient in Microsoft suite of packages - Word, Excel and PowerPoint.
• Experience in the following areas: cross-border transactions, financial services regulations, management of outside counsel would be highly advantageous.
• Excellent communication skills in English.
• Fluency in a second language would be advantageous.

Preferred Qualifications:

• Experience in financial services industry.
• Background/experience relating to blockchain technology, cryptocurrency and/or cryptocurrency wallets, and its related technologies.
• Background/experience relating to privacy related matters (EU Data Privacy/GDPR and CCPA). IAPP/CIPP, IAPP/CIPM or other relevant profession certification

Through its expansive set of fintech offerings, A Financial Services Company provides millions of consumers annually the ability to seamlessly send money home to family and friends and buy, sell, and hold cryptocurrencies on its industry-leading app.

The Company's innovative cross-border platform enables its customers to send funds directly into bank accounts and mobile wallets or cash-in and cash-out more than

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