Senior Corporate Counsel - Prepaid Card Business
U.S. Bank, Minneapolis, MN, United States
Job Description
At U.S. Bank, the Law Division is seeking an experienced attorney to support U.S. Bank’s Prepaid Card (Prepaid) business line. This attorney provides legal counsel across U.S. Bank’s portfolio of prepaid card programs, including general purpose reloadable cards, government, corporate, and payroll prepaid cards. The position offers candidates a career with exposure to diverse legal and regulatory issues and the opportunity to collaborate closely with business partners across the organization, serving as a trusted legal and business advisor.
Responsibilities
Monitor, interpret, and apply prepaid- and payments‑specific consumer regulations, including Reg. E, CFPB prepaid account rules, UDAAP standards, and network operating regulations, to ensure compliant product features, disclosures, and customer communications.
Draft, review, and enhance consumer‑facing materials for prepaid and payments products, translating complex regulatory and network requirements into clear, accurate, and accessible disclosures, marketing content, and customer education resources.
Deliver legal counsel on the negotiation, drafting and review of contracts with U.S. Bank’s and FSV’s customers, vendors and partners.
Advise Prepaid relationship managers on contract interpretation, strategic options, product and process changes, and potential defaults and remediation paths.
Partner with outside legal counsel and other professional advisors to support new product development and technology‑driven advancements.
Interpret, apply and update Prepaid policies and procedures to ensure compliance, operational clarity, and alignment with business objectives.
The position will report to the Assistant General Counsel who serves as the team lead for the Prepaid legal team.
Basic Qualifications
Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority.
Preferred Skills / Experience
Five years of experience at either a law firm or in‑house corporate environment.
Deep knowledge of commercial contracts, financial services and the operating environment of financial institutions.
Prior experience in the payments or card product sectors, with knowledge of regulatory regime governing consumer cards and payment network operating rules is strongly preferred.
Interest in and ability to advise on emerging payment technologies and innovative product offerings.
Capacity to manage a diverse portfolio of legal matters with minimal supervision.
Demonstrated ability to exercise sound, independent legal judgment to recommend solutions that balance business objectives and risk‑considerations.
Excellent written, oral and interpersonal communication skills.
Strong commitment to providing responsive, practical, and business‑focused client service.
Location Expectations This role requires working from a U.S. Bank location three (3) or more days per week.
Benefits
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short‑term and long‑term disability
Pregnancy disability and parental leave
401(k) and employer‑funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law.
Salary Pay Range: $133,365.00 - $156,900.00
Background Check U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Equal Opportunity Statement U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
Employment Verification U.S. Bank participates in the U.S. Department of Homeland Security E‑Verify program in all facilities located in the United States and certain U.S. territories. The E‑Verify program is an Internet‑based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E‑Verify program.
Posting Status Posting may be closed earlier due to high volume of applicants.
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Responsibilities
Monitor, interpret, and apply prepaid- and payments‑specific consumer regulations, including Reg. E, CFPB prepaid account rules, UDAAP standards, and network operating regulations, to ensure compliant product features, disclosures, and customer communications.
Draft, review, and enhance consumer‑facing materials for prepaid and payments products, translating complex regulatory and network requirements into clear, accurate, and accessible disclosures, marketing content, and customer education resources.
Deliver legal counsel on the negotiation, drafting and review of contracts with U.S. Bank’s and FSV’s customers, vendors and partners.
Advise Prepaid relationship managers on contract interpretation, strategic options, product and process changes, and potential defaults and remediation paths.
Partner with outside legal counsel and other professional advisors to support new product development and technology‑driven advancements.
Interpret, apply and update Prepaid policies and procedures to ensure compliance, operational clarity, and alignment with business objectives.
The position will report to the Assistant General Counsel who serves as the team lead for the Prepaid legal team.
Basic Qualifications
Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority.
Preferred Skills / Experience
Five years of experience at either a law firm or in‑house corporate environment.
Deep knowledge of commercial contracts, financial services and the operating environment of financial institutions.
Prior experience in the payments or card product sectors, with knowledge of regulatory regime governing consumer cards and payment network operating rules is strongly preferred.
Interest in and ability to advise on emerging payment technologies and innovative product offerings.
Capacity to manage a diverse portfolio of legal matters with minimal supervision.
Demonstrated ability to exercise sound, independent legal judgment to recommend solutions that balance business objectives and risk‑considerations.
Excellent written, oral and interpersonal communication skills.
Strong commitment to providing responsive, practical, and business‑focused client service.
Location Expectations This role requires working from a U.S. Bank location three (3) or more days per week.
Benefits
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short‑term and long‑term disability
Pregnancy disability and parental leave
401(k) and employer‑funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law.
Salary Pay Range: $133,365.00 - $156,900.00
Background Check U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Equal Opportunity Statement U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
Employment Verification U.S. Bank participates in the U.S. Department of Homeland Security E‑Verify program in all facilities located in the United States and certain U.S. territories. The E‑Verify program is an Internet‑based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E‑Verify program.
Posting Status Posting may be closed earlier due to high volume of applicants.
#J-18808-Ljbffr