Lending Compliance Counsel

Role Overview

• This role applies legal, regulatory, compliance, and financial services product expertise to support the design, maintenance, testing, and delivery of compliant Compliance Solutions products and solutions.
• The position researches and interprets federal and state legal and regulatory requirements, translates those requirements into clear product functionality, business rules, data requirements, documentation, and testing expectations, and helps ensure that products create legally enforceable instruments and support compliant use by banks, credit unions, fintechs, and other financial services clients.
• Assists in ensuring that Compliance Solutions content complies with federal laws and regulations, other governing authority requirements, and industry best practices, and that it creates enforceable legal instruments.
• Assists in ensuring that products and solutions meet or exceed the wants and needs of current and prospective clients and business partners.
• Assists in defining product functionality, including language, data, and software functionality, product/release documentation, and all business rules required by the market.
• Assists in identifying, creating and maintaining all required data including its structure and metadata, to drive compliant, warranted functionality of products that satisfies market needs and industry best practices.
• Conduct product testing and review to evaluate changes and ensure development work conforms to product requirements defined.
• Provide support for both internal and external inquiries about assigned product matters.
• Proactively educate internal staff, current and prospective business partners and clients on product design, upcoming product updates and development efforts, and industry trends.

Requirements

• Law degree (required)
• Licensed to practice law (preferred)
• Generally, 5 plus years of (a) business principles, banking, legal and compliance knowledge directly related to the subject matters and products; (b) experience directly related to the financial industry (i.e., banks, CU, FinTech, etc.), banking exposure/regulatory knowledge; and overall work/practical experience and/or academic background.
• Familiarity or specific experience with one or more of the following preferred: consumer and commercial lending, mortgage lending, electronic banking, privacy, adverse action, disclosures, and financial institution compliance requirements, including laws and regulations such as TILA/Reg Z, RESPA/Reg X, ECOA/Reg B, FCRA, HMDA/Reg C, EFTA/Reg E, GLBA, UDAAP, BSA/AML, state lending and usury laws, and applicable CFPB, OCC, FDIC, Federal Reserve, NCUA, and state regulator guidance.
• Strong communication skills both verbal and written.
• Demonstrated ability to work as part of integrated teams in a fluid environment.
• The ability to manage details and multi-task in a fast-paced environment.
• The ability to develop long term close working relationship based on trust and respect.
• Strong analytical, creative thinking, interpretation, and problem-solving abilities.
• Proficiency in basic Microsoft™ programs (including Excel™).
• Excellent time management skills.

Benefits

• medical
• dental
• vision
• employee assistance program
• life insurance
• disability plans
• parental leave
• paid time off
• 401k
• tuition reimbursement