Description:
Position Summary:The Regulatory Counsel is responsible for providing strategic advisory services, oversight, and guidance on regulatory requirements and compliance with applicable federal and state laws, rules, and regulations affecting the consumer finance industry. The role adaptively provides new solutions to achieve results to identify, reduce, and manage regulatory and reputational risk. In addition, you will manage people resources to develop, communicate, and maintain regulatory framework that aligns with regulatory requirements, and assist the Company in managing and mitigating regulatory risk. The Regulatory Counsel will report directly to the Deputy General Counsel and will serve as an essential team member within the Legal Department.
Essential Responsibilities:
- Serves as regulatory subject matter expert with focus on federal and state consumer lending laws, advises various internal partners regarding regulatory requirements and expectations, and management of related legal and regulatory risk.
- Creates and revises Company documents in accordance with changes in business operation and regulatory compliance.
- Monitors relevant legislative, regulatory, and supervisory developments, and assists business partners in analyzing and advising on the impact of those developments.
- Engages with regulators regarding key regulatory areas of focus as necessary through the examination process or through relationship building.
- Guides and supports the activities of the regulatory exam management team as needed.
- Collaborates routinely with other members of the legal team and functional and business groups as part of a variety of cross-functional teams.
- Responds to questions from and provides advice to other groups and employees, regarding the application of regulatory policies and procedures.
- Builds key relationships across the company to effectively and efficiently deliver timely legal advice and results.
- Provides legal counsel on processes, regulatory changes, controls, and deficiency remediation.
- Participates in a broad range of other legal and risk-related matters as needed from time to time.
- Provides legal counsel and guidance related to the expansion of product offerings in new markets.
- Engages external counsel and resources as needed.
Minimum Qualifications:
- Licensed attorney with at least 3-7 years of experience in consumer lending, regulatory or other relevant practice areas
- Experience in a major law firm and/or as in-house counsel preferred
- Graduate of an accredited law school
- Strong academic record
- Highest ethical standards and integrity
- Strong leadership skills
- Risk-focused and service-oriented mindset
- Excellent writing and communication skills
- Excellent judgment
- Ability to effectively interact with a wide variety of internal clients
- Strong teamwork/collaboration skills
- Effective time-management skills
- Physical demands for this position frequently include: the ability to remain in a stationary position, move about freely inside and occasionally outside of the office, and the operation of mechanical controls, such as a keyboard
- Marketing, social media, training, and/or communications methods, process, and administration knowledge
