Senior Associate General Counsel
About The Position
The Senior Associate General Counsel serves in the Banking Program Counseling Section’s Regulatory Affairs Unit and is a primary source of legal advice and counsel on banking, mortgage, student loan servicing, and other financial regulations. The role supervises subordinate technical staff’s legal activities and advises them on legal policy and regulatory affairs. It confers with a range of Department and Division personnel, legislators, regulatory agencies, regulated industries, their attorneys, and the public on complex legal problems. The position coordinates or independently researches and investigates issues affecting regulated industries, recommends legal courses of action, speaks for Division leadership at functions, and serves as backup to the Senior Associate General Counsel of the Consumer Protection and Enforcement Unit. The position is based at the Department of Financial and Professional Regulation headquarters in Chicago. A hybrid schedule may be available, but reporting to headquarters is required as necessary based on operational needs. Work hours are Monday through Friday, 8:30 a.m. to 5:00 p.m. This is a four-year term appointment, which may be renewed for successive four-year terms at the Director’s discretion, and is subject to a probationary period. Travel is required.
Requirements
- Law degree.
- License to practice law in Illinois.
- At least four years of progressively responsible administrative experience in law, or equivalent experience.
Nice To Haves
- At least five years of experience in financial regulation, including regulation of banks, insurance, lending, fiduciaries, securities, and commodities; experience with safety and soundness regulation of FDIC-insured banks and savings associations is most preferred.
- At least three years of experience supervising a staff of two or more.
- At least three years of experience working as an attorney in banking or financial institutions.
- At least eight years of experience practicing law.
Responsibilities
- Serve as the Senior Associate General Counsel of the Regulatory Affairs Unit for Department management staff, subject to management approval.
- Provide legal advice and counsel regarding the licensing, supervision, regulation, and examination of state-chartered banks, corporate fiduciaries, pawnbrokers, non-bank mortgage companies, mortgage loan originators, student loan servicers, and other regulated persons.
- Serve as a full-line supervisor.
- Confer with Division of Banking and Division of Financial Institutions staff and attorneys, other Department staff and attorneys, legislators and their staff, state and federal regulatory agencies, regulated-industry members and their attorneys, and the public on complex legal problems.
- Coordinate or independently research and investigate issues germane to regulated industries and recommend legal courses of action.
- Speak on behalf of Division leadership at various functions.
- Serve as backup to the Senior Associate General Counsel of the Consumer Protection and Enforcement Unit.
- Perform other related duties as required or assigned that are reasonably within the scope of the listed duties.
- Travel as required.
Benefits
- Health insurance
- Life insurance
- Vision insurance
- Dental insurance
- 12 weeks of paid maternity/paternity leave
- Pension plan, with Tier II vesting at 10 years
- Free health insurance during retirement with full 20-year retirement awards
- Deferred compensation and other pre-tax benefits programs
- Paid state holidays, 12–14 days annually
- Three paid Personal Business Days annually
- 12 paid sick days annually, with sick days carrying over year to year
- 10–25 days of paid vacation annually, with 10 days in the first year of employment
- Employee Assistance Program and/or mental health resources
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What This Job Offers
Job Type
Full-time
Career Level
Senior
Education Level
Ph.D. or professional degree
