Senior Manager: Government Approvals

Mayer Brown LLP

21h•Onsite

About The Position

Mayer Brown is an international law firm that represents major corporations, funds, and financial institutions in complex transactions and disputes. They are known for being strategic partners with deep commercial instincts and a commitment to delivering excellence. The firm fosters a collegial and collaborative environment where motivated individuals can grow and thrive. This specific role is in the Finance department in the Washington, D.C. office. The Senior Manager: Government Approvals will manage nationwide licensing approvals with state and federal governments for clients engaging in various financial activities such as mortgage banking, brokering, servicing, debt collection, consumer finance, reverse mortgage, and money transmitter business. A key focus will be on federal agency approval work for M&A transactions and Financial Services licensing. The role also involves assisting clients in navigating evolving financial stability requirements from federal agencies and state laws. This position will oversee the work and performance of direct reports.

Requirements

Bachelor’s degree in a related field. An equivalent combination of education and/or experience may be considered in lieu of the degree when the experience has been directly related to the functions of the job
10+ years of experience required
NMLS experience required
Knowledge of the relevant nationwide statutes and regulations applicable to federal agency approvals and state licensing for residential mortgage lending is necessary
Experience in government sponsored enterprise and federal agency investor reporting and remitting requirements
Experience with accounting, finance, and securitization requirements applicable to mortgage companies and other consumer lenders
Proficiency in Microsoft Office products
Strong written and verbal communication skills, able to communicate effectively and in a professional manner with all levels of the Firm and outside vendors
Ability to work in a diverse team environment and effectively support the demanding needs of the Firm
Ability to work under pressure, meet deadlines with shifting priorities
Must be a self-starter with a high level of initiative
Strong customer service skills, able to anticipate needs and exercise independent judgment
Strong attention to detail, organizational skills and the ability to handle multiple projects
Maintains confidentiality and exercises discretion
Exercises solid strategic thinking and problem-solving skills
Interpersonal Skills –strong customer service and team player skills to ensure that customers are assisted in a friendly and professional manner, and collaboration, flexibility, efficiency are applied
Consistently exercise discretion and sound reasoning abilities
Knowledge of the relevant nationwide statutes and regulations applicable to licensing is necessary
Quality Control – monitor own work to ensure high quality standards are met
Demonstrated administrative skills necessary for effective oversight of projects, including coordination of work/processes, and the ability to listen and counsel while demonstrating confidentiality and resourcefulness

Responsibilities

Assists clients with obtaining approvals with state and federal government agencies to conduct mortgage banking and consumer finance activities
Reviews and analyzes business activities to determine appropriate federal approvals and licenses requirements by states
Manages transactions involving regulatory approvals needed to facilitate mergers, stock acquisitions and asset acquisitions
Creates and updates status charts, task lists and outlines for tracking regulatory approvals for transactions to ensure approvals are obtained by closing date
Research statutes and regulations under mortgage banking and consumer finance laws and summarizes findings in written summaries
Prepare letters and advance change notice narrative summaries detailing transactions to accompany requests for required federal approvals and license applications for submission to state agencies via the Nationwide Multi-State Licensing System (“NMLS“) and outside the system
Assist clients with GSE and government agency reporting and remitting requirements
Assist clients in navigating changing financial stability requirements set forth in federal agency requirements and state laws and regulations
Contacts federal and state regulators to obtain approvals, monitors status of filings and seeks clarification on position or policy of state agency
Develops and maintains strong working relationships with federal state regulators, as well as GSE contacts and CSBS staff
Assist with federal agency re-certifications and related enforcement matters
Independently manages projects, takes lead on status calls and reports to Assistant Director, Government Affairs Advisor and Partners in charge of federal approvals and licensing who oversee the project
Requires direct contact with clients with limited supervision on a variety of matters provided that attorney is present or participating in discussions involving legal advice
Manages the work of other Senior Government Approvals Analysts, tracks project assignments, assigns project work, and performs annual reviews of direct reports
Manages administrative duties including attendance record keeping of direct reports, and maintains compliance with internal processes related to overtime approval, leave balances, time off requests, flex time use, and Kastle reports
Participates in meetings with CSBS for Nationwide Multi-State Licensing System (“NMLS”) Industry Development Working Group (“IDWG”), including system testing
Performs other duties as assigned or required to meet Firm goals and objectives