Assistant General Counsel

FHLBD Federal Home Loan Bank of Dallas; Irving (TX); On-site; USD 180,000 - 240,000; Full time

Job summary

FHLB Dallas is seeking an experienced in‑house Counsel to provide legal guidance to Bank staff and management, with a focus on banking and financial services law, governance, and regulatory compliance.

The role involves drafting and updating policies, advising on complex transactions, and representing the Bank in various stakeholder meetings. A Texas bar and 5+ years of relevant experience are preferred, with a strong emphasis on collaboration across teams.

Qualifications

• Law degree from an accredited law school and active Texas bar membership.
• 5+ years of legal experience.
• In‑house experience in financial services or regulatory bodies is a plus.
• Knowledge of banking/financial services law; governance, privacy, derivatives, mortgage lending.
• Interest in artificial intelligence is a plus.
• Excellent written and oral communication, able to explain complex issues to non‑lawyers.
• Strong client service ethic and cross‑functional collaboration.
• Ability to work independently and as part of a team.

Responsibilities

• Reviews statutes/regulations and provides guidance to Bank staff.
• Analyzes proposed regulations and communicates findings to relevant departments.
• Coordinates updates to policies/procedures to comply with new laws/regulations.
• Provides legal counsel for business activities, staff functions and reporting obligations.
• Represents the Bank in meetings with member institutions, vendors, and third parties.
• Drafts policies/procedures to identify legal or regulatory risks.
• Researches/drafts legal opinions and memoranda on relevant issues.
• Reviews/drafts transactional agreements as assigned.
• Participates in Federal Home Loan Bank System working groups and internal project teams.
• Assists/accepts additional responsibilities from General Counsel.

Skills

Legal counsel

Regulatory compliance

Banking law

Contract drafting

In-house experience

Education

JD or equivalent

Job description

FHLB Dallas actively pursues dedicated and hardworking individuals to be a part of our professional team. Positions are offered on an as‑needed basis for all departments. View our current opportunities by clicking the View Open Positions tab above. Under the direction of the General Counsel, provides legal advice to Bank departments and managers in order to support the business and operations of the Bank, minimize legal risk and ensure compliance with applicable laws and regulations. Provides support/assistance to General Counsel as directed.

Primary Responsibilities

• Reviews and interprets statutes and regulations and provides legal guidance to Bank staff.
• Reviews and analyzes proposed regulations and communicates analysis to relevant Bank departments.
• Coordinates with Bank departments to update Bank documents, policies and procedures to comply with new and revised laws and regulations.
• Provides legal advice and counsel to Bank departments in connection with the Bank’s business activities, staff functions, and external reporting requirements.
• Represents the Bank in meetings with member institutions, counterparties, vendors and other third parties.
• Reviews and drafts Bank policies and procedures to identify areas of potential legal or regulatory risk.
• Researches and drafts legal opinions and memoranda with respect to relevant legal issues including proposed new activities of the Bank.
• Reviews and drafts Bank transactional agreements as assigned.
• Participates on Federal Home Loan Bank System working groups, Bank management committees and internal project teams.
• Assumes additional responsibilities as assigned by the General Counsel.

Job Requirements

• Law degree from an accredited law school; member in good standing of a state bar, Texas license preferred.
• 5+ years of legal experience.
• In-house experience with a corporation in the financial services industry or financial regulatory agency will be a plus.
• Knowledge of the law related to banking and financial services, in addition to one or more of the following areas: corporate governance, privacy, financial derivatives, real estate and residential mortgage lending/servicing.
• Interest in and experience with artificial intelligence will be a plus.
• Excellent written and oral communication skills including the ability to communicate complex legal issues clearly and effectively to non‑lawyers.
• Strong client service ethic.
• Proven track‑record in working with different business teams and stakeholders, and in building strong internal and external relationships Strong business acumen; the ability to see the big picture while executing on the appropriate details.
• Able to work effectively both independently and as a team member.

PHYSICAL DEMANDS: The physical demands described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions. While performing the duties of this job, the employee is routinely required to utilize cognitive ability; sit and move about the office; speak, read, listen, and write; use hands to finger, handle, or feel objects, tools or controls. The employee is occasionally required to stand; reach with hands and arms, climb stairs; stoop, kneel, or crouch. Specific vision abilities required by the job include close vision, distance vision, depth perception, and the ability to adjust focus. The employee may occasionally lift and/or move up to 25 pounds.

WORK ENVIRONMENT: Work environment characteristics described below are representative of those that must be met by an employee to successfully perform the essential functions of this job. Reasonable Accommodations may be made to enable individuals with disabilities to perform the essential functions. Work is performed in a temperature‑controlled office environment requiring little physical exertion. The noise level in the work environment is low to moderate. Mental concentration, attention to detail and computer use for extended periods of time is common. Completion of complex tasks under deadline pressure may be required. This position may, on occasion, also require evening and weekend work based on business needs. Interruptions may occur.

FHLB Dallas Offers a Professional, Inclusive Culture

FHL Bank Dallas employees are committed to and exemplify the following principles: Service to our members is first and foremost All business will be conducted honestly and ethically Each employee contributes to customer service by directly serving our members or supporting those who do Interaction with members should focus on building professional relationships and helping customers achieve their goals Cooperation and teamwork throughout and across all levels of FHLB Dallas are essential to its effectiveness Colleagues and members will be treated with the utmost respect and dignity

FHLB Dallas provides equal employment opportunity to all individuals without regard to race, religion, color, sex, age, marital status, ancestry, veteran status, disability, or national origin. FHLB Dallas will consider for employment all persons on an individual basis consistent with job‑related criteria without regard to visible and non‑visible disabilities. Equal opportunity applies to all employment practices, including recruitment, screening, hiring, compensation and training, as well as other conditions and privileges of employment.

The Federal Home Loan Bank of Dallas (FHLB Dallas) is a part of the Federal Home Loan Bank System, created by an Act of Congress and signed into law by President Herbert Hoover on July 22, 1932, to provide capital for mortgage funding during the Great Depression. The System has 11 banks around the United States, serving as an affordable, flexible source of funding for some 7,000 financial institutions. FHLB Dallas is one of these 11 banks.