Assistant General Counsel - Consumer Banking

Valley National Bank; Morristown (NJ); On-site; USD 140,000 - 190,000; Full time

Job summary

Valley National Bank seeks a legal professional to advise on consumer banking products and services. You will provide expert guidance on applicable laws and regulations, collaborate with internal partners to manage risks, and help shape compliant banking policies.

The role supports the bank's business, regulatory, and reputational interests. The position requires strong knowledge of consumer banking law and risk assessment, with the ability to navigate complex regulatory requirements and provide

Responsibilities

• Advise on development of consumer banking products from ideation to launch.
• Provide expert legal advice on consumer banking laws and regulations.
• Collaborate to assess and manage legal, regulatory, and reputational risks.
• Assist in developing consumer banking policies in compliance with standards.
• Support Bank leadership by addressing legal matters to protect business interests.

Skills

Regulatory compliance

Legal advisory

Consumer banking knowledge

Risk assessment

Job description

Responsibilities include but are not limited to:

• Advise and assist on development of consumer banking deposit and loan products and payment services over the entire life cycle from ideation to launch, including advice on marketing, disclosures, product terms and conditions, federal and state legal and regulatory standards, compliance management, operational implementation, and business impact.
• Provide expert legal advice on laws, regulations, and standards that are applicable to consumer deposit and loan products and services, including the Truth in Savings Act, Expedited Funds Availability Act, Truth in Lending Act, Real Estate Settlement Procedures Act, Equal Credit Opportunity Act, Electronic Funds Transfer Act, Fair Credit Reporting Act, Gramm-Leach Bliley Act and Unfair, Deceptive and Abusive Acts and Practices Act (UDAAP).
• Collaborate with internal partners from across the Bank to assess the legal, regulatory and reputational risks associated with consumer banking deposit and loan products and services and develop approaches for managing such risks.
• Assist internal partners in the evaluation and development of appropriate consumer banking policies and practices that conform to legal and regulatory standards.
• Provide legal advice and support, and perform a wide variety of other tasks, as assigned to help the Bank protect its business, commercial, and reputational interests.