Assistant General Counsel - Consumer Banking
About The Position
The Assistant General Counsel advises on consumer banking deposit and loan products and payment services throughout their lifecycle, from ideation to launch. The role provides guidance on marketing, disclosures, product terms and conditions, federal and state legal and regulatory standards, compliance management, operational implementation, and business impact. The position provides expert legal advice on laws, regulations, and standards applicable to consumer deposit and loan products and services. It collaborates with Bank partners to assess legal, regulatory, and reputational risks and develop risk-management approaches, and supports the evaluation and development of consumer banking policies and practices that conform to applicable standards. The role also provides legal support and performs other assigned tasks to help protect the Bank’s business, commercial, and reputational interests.
Requirements
- Knowledge of and experience with consumer financial protection laws and regulations.
- Ability to draft complex contractual documents and product disclosures, terms, and conditions.
- Strong interpersonal and communication skills and ability to collaborate with cross-functional teams.
- Ability to navigate a fast-paced environment and handle multiple projects.
- Impeccable attention to detail, commitment to excellence, and high standards of integrity.
- Juris Doctor degree from an accredited law school.
- Minimum of 5 years of relevant experience at a law firm or in-house at a financial institution.
- Active membership in good standing in at least one state bar.
Nice To Haves
- Experience with consumer financial services at a medium to large law firm with banking clients and/or in an in-house legal department at a bank.
- Familiarity with consumer deposit and lending products.
Responsibilities
- Advise on the development of consumer banking deposit and loan products and payment services throughout their lifecycle, from ideation to launch.
- Provide advice on product marketing, disclosures, terms and conditions, federal and state legal and regulatory standards, compliance management, operational implementation, and business impact.
- Provide expert legal advice on laws, regulations, and standards applicable to consumer deposit and loan products and services, including the Truth in Savings Act, Expedited Funds Availability Act, Truth in Lending Act, Real Estate Settlement Procedures Act, Equal Credit Opportunity Act, Electronic Funds Transfer Act, Fair Credit Reporting Act, Gramm-Leach-Bliley Act, and UDAAP.
- Collaborate with Bank partners to assess legal, regulatory, and reputational risks associated with consumer banking deposit and loan products and services and develop approaches for managing those risks.
- Assist internal partners in evaluating and developing consumer banking policies and practices that conform to legal and regulatory standards.
- Provide legal advice and support and perform other assigned tasks to help protect the Bank’s business, commercial, and reputational interests.
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Ph.D. or professional degree
