Senior Attorney, Legal – Regulatory

First National Bank of Omaha•Omaha, NE

12d•Hybrid

About The Position

Provide general legal advice to employees and management representatives across credit and consumer lending business units regarding regulatory matters. Supports point of sale financing, home improvement lending, and unsecured consumer lending (including debt consolidation) verticals, as well as credit risk, fair lending, collections, and customer-facing operations teams. Applies knowledge of consumer protection regulations, payment systems, and credit risk management to support business objectives while ensuring regulatory compliance. May be called upon to participate in special projects and complete assignments as requested.

Requirements

JD required with at least 3 years of legal experience
Knowledge of NACHA Operating Rules and consumer lending, including Regulation B, Regulation V, Regulation Z, SCRA
Understanding of credit risk management principles and unsecured consumer lending operations, including debt consolidation products
Familiarity with point of sale financing and home improvement lending regulatory frameworks
Understanding of collections regulations and customer service compliance requirements
Knowledge of fair lending principles and consumer protection laws
Ability to think creatively and strategically while developing practical, tactical solutions
Demonstrate a consultative approach with the ability to analyze stakeholders’ needs
Excellent oral and written communication skills with ability to translate complex legal concepts for business audiences
Strong interpersonal skills, including the ability to build collaborative relationships, listen and actively contribute to discussions
Display a positive business presence with business units and external contacts
Demonstrate sound judgment and apply logical and critical thought processes when developing and recommending solutions
Ability to manage multiple priorities and work effectively in a fast paced environment
Candidates must possess unrestricted work authorization and not require future sponsorship.

Responsibilities

Regulatory Legal Advice & Counsel Provide legal advice and counsel to business units on regulatory compliance matters affecting consumer lending products and operations
Analyze regulatory issues across the lending lifecycle – from origination through collections – and develop recommendations to mitigate legal risk for the enterprise
Monitor regulatory developments and interpret their impact on enterprise operations
Advise business units in order to comply with applicable federal and state regulations
Customer-Facing Agreement Development and Maintenance Draft and revise customer-facing agreements, disclosures, terms and conditions, and related documentation
Maintain current versions of lending agreements to ensure ongoing regulatory compliance
Analyze customer agreement provisions to ensure alignment with legal requirements and business objectives
Provide guidance on customer documentation requirements across lending products
Regulatory Response and Support Assist with preparation and response to regulatory inquiries and examinations
Coordinate responses to legal and compliance matters, including consumer complaints
Support implementation of remedial measures as needed
Training and Consultation Provide training and guidance to business units on legal and regulatory matters affecting closed end lending, operations, customer service, and collections activities
Serve as a resource for compliance questions and issues
Foster a culture of compliance through education and consultation
Support and uphold the First National Operating Philosophy
Uphold the First National Code of Business Conduct and ensure that confidential information is safeguarded
Maintain a high level of cooperation and rapport with co-workers and business partners in order to ensure accurate and efficient operations and service
Formulate and communicate new ideas and suggestions that will improve profitability and efficiency for the organization’s overall operation
Foster and promote the proper company image at all times