Assistant General Counsel-Consumer Banking (REMOTE-VA/MD/DC/NC/PA Preferred)

Atlantic Union Bank; Glen Allen (MO); Remote; USD 161,000 - 269,000; Full time

Job summary

A leading bank is seeking an Assistant General Counsel for Consumer Banking. The role involves providing expert legal advice on consumer banking laws, collaborating with management, and managing legal risks associated with deposit and loan products. The ideal candidate should have substantial experience in financial services law, strong analytical skills, and the ability to work independently in a fast-paced environment.

Benefits

Comprehensive benefits package

Incentive compensation plan

Discretionary profit sharing bonus program

Qualifications

• Minimum of 12 years as a practicing attorney with relevant financial services experience.
• Licensed Attorney admitted to practice in Virginia, North Carolina, or New York.
• Excellent analytical, writing, and communication skills.

Responsibilities

• Provide legal advice on consumer deposit and loan products.
• Collaborate to manage legal, regulatory, and reputational risks.
• Develop legal strategies for achieving business goals.

Skills

Legal Expertise

Analytical Skills

Communication Skills

Interpersonal Skills

Business Orientation

Risk Assessment

Education

Juris Doctor (J.D.)

Undergraduate Degree

Job description

Assistant General Counsel-Consumer Banking (REMOTE--VA/MD/DC/NC/PA Preferred)

Job Category: General Counsel

Requisition Number: ASSIS008710

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• Full-Time
• Salary Range : $161,007 USD to $268,872 USD

Locations

Showing 1 location

Description

The Assistant General Counsel–Consumer Banking provides legal advice to the Company on issues affecting consumer deposit and loan products and services. S/he works closely with senior management and other internal partners to manage effectively the legal, regulatory, and reputational risks associated with such products and services. The responsibilities of the Assistant General Counsel-Consumer Banking include, but are not limited to:

• Provide expert legal advice on laws, regulations, and standards that affect consumer deposit and loan products and services. Such laws, regulations, and standards include, without limitation, the Dodd-Frank Act; the Federal Reserve Act; regulations enacted by the Federal Reserve, FDIC, OCC, CFPB, and other federal and state regulatory agencies including the “alphabet soup” of federal consumer banking regulation; and federal and state banking and consumer protection laws.
• Collaborate with internal partners from across the Company 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.
• Provide guidance to internal partners during regulatory examinations and audits.
• This role primarily advises business and compliance partners on matters related to consumer deposit products and services. The role may occasionally also provide generalized advice on consumer loan and credit card matters.
• Advise and assist on development of consumer banking deposit and loan products and services over the entire life cycle from ideation to launch, including advice on marketing, disclosures, contractual provisions and negotiations, federal and state legal and regulatory standards, consumer protection laws, compliance management, operational implementation, and business impact.
• Assist internal partners in 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 Company protect its business, commercial, and reputational interests.

The duties of the Assistant General Counsel also include:

• Provide expert, practical legal advice on a wide array of federal, state, and local laws and regulations affecting the Company generally or assigned lines of business and/or functions. Develop sound legal assessments, interpretations, recommendations and opinions regarding the Company’s legal rights and obligations.
• Develop legal strategies for achieving business goals and resolving complex legal problems.
• Understand the Company’s business strategies and use such understanding to inform legal advice.
• Lead discussions on complex legal topics with a wide variety of stakeholders, including members of the Company’s senior and executive management teams.
• Retain and manage outside legal counsel in a manner that ensures the quality, efficiency, timeliness, and soundness of legal advice.
• Conduct sophisticated legal research using various sources and methods.
• Apply sound ethical judgment in execution of all duties and responsibilities.
• Provide legal advice and support, and perform a wide variety of other tasks, as assigned to help the Company protect its business, commercial, and reputational interests.

Organizational Relationship

The Assistant General Counsel reports to the General Counsel or an Associate General Counsel, as assigned.

Position Qualifications
Education & Experience
• Minimum of 12 years as a practicing attorney with relevant financial services experience, of which at least 5 years was spent as in-house counsel at a reputable bank.
• Licensed Attorney admitted to practice in one of the following jurisdictions: Virginia, North Carolina, or New York; or be able to satisfy reciprocity or corporate counsel requirements for admission into one of those jurisdictions
• Completion of accredited Law School with degree (J.D.)
• Completion of four years of college undergraduate study with degree

Knowledge & Skills
• Demonstrated high level of knowledge in stated area of legal expertise
• Able to make sound legal judgments and proactively find solutions independently without oversight
• Excellent analytical, writing, and communication skills
• Demonstrated ability to work independently and handle multiple projects in a fast-paced environment
• Excellent interpersonal skills and the ability to interact effectively with a wide range of stakeholders
• Business orientation and ability to provide practical solutions
• Strong ability to identify risks and propose alternative structures to mitigate those risks
• Ability to work collaboratively and contribute to team goals
• Excellent attention to detail and ability to remain organized
• Highest degree of adherence to ethical standards in the legal profession

Salary offered will be based on several factors including but not limited to education, work experience, certifications, etc. This position is also eligible to participate in either an applicable incentive compensation plan for the position or a discretionary profit sharing bonus program. General information on our comprehensive benefits package can be found by visiting https://www.atlanticunionbank.com/about/careers/benefits.

We are proud to be an Equal Employment Opportunity employer. We maintain a drug-free workplace.

Equal Opportunity Employer
This employer is required to notify all applicants of their rights pursuant to federal employment laws.For further information, please review the Know Your Rights notice from the Department of Labor.