TD Bank, America’s Most Convenient Bank, is one of the 10 largest banks in the U.S., providing more than 8 million customers with a full range of retail, small business and commercial banking products and services at approximately 1,300 convenient locations throughout the Northeast, Mid-Atlantic, Metro D.C., the Carolinas and Florida. In addition, TD Bank and its subsidiaries offer customized private banking and wealth management services through TD Wealth®, and vehicle financing and dealer commercial services through TD Auto Finance. TD Bank is headquartered in Cherry Hill, N.J.
TD Bank, America’s Most Convenient Bank, is a member of TD Bank Group and a subsidiary of The Toronto-Dominion Bank of Toronto, Canada, a top 10 financial services company in North America. The Toronto-Dominion Bank trades on the New York and Toronto stock exchanges under the ticker symbol “TD”.
The Legal Department of TD Bank Group is comprised of lawyers and support staff of approximately 300 employees in Canada and the US with expertise tailored to deliver integrated legal solutions to our global business units and corporate functions. We are committed to delivering the highest level of expertise, service, responsiveness and flexibility to our clients.
Job Description Summary
The Counsel provides legal advice and support to management and employees in Corporate Group functions and Business units. Functions as a legal resource focusing on one or more defined subject matters and/or specific businesses. Typical tasks include managing litigation, negotiating contracts, assisting the Business with product roll-outs, and advising the Business regarding regulatory developments. Responsible for anticipating and addressing potential legal risks. Relies on legal skills, experience and judgment to accomplish goals.
This Counsel role is part of the TD’s Cards and Merchant Solutions legal team, a collaborative and dynamic legal team providing strategic legal advice in support of TD’s growing credit card portfolio that includes private label, general purpose and co-brand credit card products. This attorney will primarily provide legal support to TD’s U.S. private label credit card business and be part of a legal team working directly with business management and external clients on product development and implementation, acquisition and marketing offers, the solicitation and origination of consumer credit card accounts, negotiating and documenting credit card program agreements and portfolio purchase and sale agreements and the ongoing support of the business in its client relationships.
This includes providing legal advice and counsel in connection with the following functions and activities:
• Transaction services, including, credit card applications, credit card issuance, billing statements, payment processing, and collections.
• Customer service interactions and related operations.
• Adherence to credit card partner program agreements.
• Cards operations issue remediation, including identification of consumer credit compliance issues, root cause identification, and remediation analysis and implementation.
• Policy and procedure review.
Understanding our clients’ business legal and regulatory requirements
Anticipating emerging issues and providing flexible responses based on experience
Providing advice that protects the Bank’s reputation and mitigates legal risk
Advise TD leaders on legal, business, and industry risks in transactions with other credit card issuers and other firms, as well as with prospective and existing brand partners.
Interpret laws, rulings and regulations impacting the company and advise the business as appropriate, including Reg. Z, Reg. B, FCRA, UDAAP, as well as, BFCP and OCC guidance.
Provides consistent and sound legal advice in a clear, concise and responsive manner by taking initiative to develop legal knowledge and skill; knowing relevant substantive law, identifying legal issues; knowing the business and its products, operations, strategy, risk appetite and regulatory environment; owning the role of interpreting legal requirements through a balanced understanding of the law and business context to formulate relevant legal theories; and identifying business issues and policies related to the legal requirements, describing legal issues and options to the client
Identifies conflict situations and brings more senior lawyers into the decision-making process as appropriate by identifying situations when actions that the business unit wants to take conflicts with TD’s risk appetite and discusses with client how particular actions might be inconsistent
Effectively contributes to and/or leads negotiations and conflict resolutions by gathering supportive information in preparation for the negotiation, understanding the dynamics of the process and displaying an effective combination of firmness, tact, patience and respect in dealing with all parties involved
Bachelors degree required
JD from accredited law school required
5+ Years of related experience
Admission to appropriate State Bar in good standing and licensed to practice law in the State
Basic understanding of banking/financial services operations and issues
Ability to simplify, problem solve, multitask and work effectively against deadlines
Integrity and high moral standards
Strong negotiation and conflict resolution skills
Strong legal research and analysis skills
Must be able to apply legal knowledge to the business
Ability to exercise sound judgment
Excellent oral and written communication skills
Strong teamwork and client skills
May supervise administrative and paralegal staff and junior attorneys