Legal Counsel
AI FoundationSalary not specified
Full Time
Mid-level (3 to 4 years), Senior (5 to 8 years)
Manager, Counsel - Transactions & Business Counsel - ESM (Hybrid) at Capital One
McLean, Virginia, United States
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries
Requirements
- Juris Doctor from an accredited law school
- Active member in good standing of at least one state bar
- At least 2 years of experience as an attorney in a law firm, government or an in-house legal department, or a combination, with a focus on third party procurement, vendor or outsourcing contracts
- Proven ability to operate effectively in a complex, highly regulated, and evolving environment
- Demonstrated ability and willingness to work as a team player, interacting with associates across departments and job levels
- Ability to work in a fast-paced environment with minimal supervision
- Strong organizational skills with impeccable attention to detail
- Excellent analytical, verbal and written communication skills
- Ability to work cooperatively with internal constituents to create efficient processes and to get issues resolved across organizational boundaries
- Exceptional drafting and negotiation skills
- Ability to identify, lead and manage a negotiation team
- Ability to manage multiple transactions, take on new responsibilities and handle novel issues
Responsibilities
- Managing (including drafting and negotiating) procurement transactions that support Technology, Card, Retail and Commercial Bank, Auto Finance, Payment Network, Workplace Solutions, Brand, HR, Global Finance, and other lines of business and functional groups
- Managing a variety of procurement contracts escalated to Legal from the Enterprise Supplier Management (ESM) team
- Providing advice and counsel to ESM
- Identifying legal issues and risks in procurement and outsourcing contracts
- Working with a variety of legal stakeholders to draft appropriate terms and conditions
- Understanding and advising on internal guidelines and procedures
- Building and maintaining strong relationships with ESM and legal stakeholders
- Managing repeatable, controlled processes for transactional work
- When necessary, managing and coordinating outside counsel, including management of the delivery of services and cost
- Creating reports, discussing trends/metrics with senior leaders in Legal and ESM
- Creating and providing training on key issues and processes, as needed
- Acting as a backup Legal representative as needed in procurement risk gate meetings, exercising great judgment in determining whether a transaction is in scope for Legal engagement
- Delegating/managing assignments to team of backup attorneys as needed
Skills
Key technologies and capabilities for this role
Questions & Answers
Common questions about this position
What locations can I be based for this role?
Candidates can be based in McLean, VA, Richmond, VA, or Chicago, IL.
Is this a remote or hybrid position?
This is a hybrid role.
What are the main responsibilities of this counsel role?
The role involves managing procurement contracts for various business lines, identifying legal risks, advising ESM, building relationships with stakeholders, managing processes, coordinating outside counsel, reporting trends, and delegating to backup attorneys.
What kind of experience is needed for this position?
The successful candidate must be a legal professional with proven ability to operate effectively in a complex, highly regulated, and evolving environment.
What is the culture like in the CAST team?
CAST provides an environment that fosters authenticity, growth and development, and respects each associate with their individual contributions valued, in a constantly changing, stimulating, and collegial environment.
Capital One
Offers diverse financial products and services
About Capital One
Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.
McLean, VirginiaHeadquarters
2014Year Founded
$15.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees
Benefits
Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program
Risks
Increased competition in subscription management tools may dilute Capital One's advantage.
Over-reliance on partnerships could expose Capital One to technological risks.
Departure of key personnel like Joe Rodriguez may affect risk management continuity.
Differentiation
Capital One offers user-friendly banking with no fees or minimums for checking accounts.
The company partners with Khan Academy to provide financial literacy education.
Capital One is the first major U.S. bank to offer subscription management tools.
Upsides
Capital One's mobile app is a model for secure, user-friendly digital banking.
Data sharing with Worldpay enhances payment security and fraud prevention.
Partnerships with fintechs like Minna Technologies improve customer experience.
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