Policy & Enforcement Advisor - Financial Institutions (Hybrid)

Commonwealth of VA Careers; Richmond (VA); Hybrid; USD 102,000 - 134,000; Full time

Benefits offered by this job

Hybrid telework schedule

Training and professional development

Job summary

The State Corporation Commission in Virginia seeks a Policy & Enforcement Advisor for the Bureau of Financial Institutions. The role focuses on regulatory policy development, enforcement coordination, and staying abreast of evolving state and federal rules in the financial services sector.

Hybrid telework is available, with opportunities for training and professional development. You will report to the Commissioner and work with SCC staff, CSBS, NASCUS, and industry groups to ensure compliant,

Qualifications

• Experience in developing regulatory policies and procedures.
• Experience drafting regulations, letters, and advisories.
• Ability to monitor state and federal regulatory developments and advise staff.

Responsibilities

• Provide guidance to the Commissioner and senior staff on regulatory policies and procedures.
• Monitor regulatory developments and assess impact on SCC and Virginia financial services.
• Conduct research on financial products/services affecting market conduct in Virginia.
• Draft legislative proposals, regulations, interpretive letters, and advisory bulletins.
• Participate in legislative meetings and work groups; coordinate with industry and regulatory partners.
• Coordinate BFIs Accreditation program activities with CSBS and NASCUS.
• Manage enforcement actions in coordination with Counsel and supervision teams.

Skills

Regulatory policy

Legislative drafting

Regulatory research

Stakeholder coordination

Leadership

Job description

Policy & Enforcement Advisor Financial Institutions

Starting Salary Range: $101,504 - $134,451

The State Corporation Commission (SCC) seeks an experienced leader and subject matter expert to serve as Policy & Enforcement Advisor for its Bureau of Financial Institutions (BFI). This newly created role will report directly to the Commissioner of Financial Institutions. This role offers a hybrid telework schedule as well as training and professional development opportunities.

Essential Duties & Responsibilities

• Provide guidance to the Commissioner of Financial Institutions and other senior BFI staff in the development and implementation of regulatory policies and procedures
• Monitor state and federal regulatory and legislative developments to assess impact on the SCC, BFI, and financial service industries in Virginia
• Conduct research on novel financial products/services and other issues that impact market conduct in Virginia
• Draft legislative proposals, regulations, interpretive letters, and advisory bulletins
• Participate in legislative meetings, studies, and work groups
• Serve as a resource to industry groups, consumer groups, other regulatory agencies, professional associations, and BFI staff regarding Virginia statutes, regulations, and BFI guidance documents
• Coordinate BFIs Accreditation program activities with the Conference of State Bank Supervisors (CSBS) and the National Association of State Credit Union Supervisors (NASCUS)
• Manage, in coordination with the SCCs Office of General Counsel and BFIs supervision teams, enforcement actions against financial institutions for violations of laws and/or regulations
• Perform related work as required