Product Counsel

First Electronic Bank; Salt Lake City (UT); Vor Ort; USD 120.000 - 170.000; Vollzeit

Zusammenfassung

First Electronic Bank (FEB) seeks an experienced attorney to provide regulatory and compliance guidance for its deposit and lending products. The role requires deep knowledge of financial-services regulations, reviewing new products, and coordinating with outside counsel.

You’ll advise on consumer protection, deposits, lending, and loan servicing; support legal strategy; and assume responsibility for assigned programs and partnerships. Utah bar admission is required.

Qualifikationen

• Law degree from an accredited U.S. university.
• Licensed to practice in Utah (and in good standing) or other state as approved by the Bank.
• At least 5 years of regulatory and compliance experience in deposits, lending, and financial services.
• Excellent verbal and written communication skills, interpersonal and partnering skills.
• Excellent analytical skills.
• Strong command of Microsoft Office Suite (Outlook, Word, Excel, PowerPoint) and Co-Pilot.
• Ability to multitask, work under pressure, and meet tight deadlines.
• Collaborative and team-oriented with proactive business sense and urgency.
• Exceptional legal drafting and organizational abilities.

Aufgaben

• Advise on regulatory compliance for deposit and lending platforms, products, and partners; resolve issues.
• Serve as primary legal point of contact on regulatory matters for programs and providers.
• Review due diligence and provide guidance throughout the program lifecycle.
• Develop and implement corporate policies and compliance programs for deposits and lending platforms.
• Conduct legal research and render opinions to executives and management.
• Present reports and recommendations on legal matters and assigned programs.
• Perform other duties as needed.

Kenntnisse

Regulatory compliance

Legal research

Regulatory guidance

MS Office

Communication skills

Project management

Detail orientation

Team collaboration

Ausbildung

Law degree

Tools

Microsoft Word

Excel

PowerPoint

Co-Pilot

Jobbeschreibung

Full-time

Description

At First Electronic Bank (FEB or Bank), we are driven by the purpose to make credit accessible to everyday Americans and their businesses. Partnering with some of the most innovative fintech companies in the nation, we offer a wide range of consumer and commercial credit and deposit products on a national basis. Offering deposit accounts and debit cards, revolving lines of credit, private-label credit cards, installment financing programs and more, FEB engages with strategic, collaborative partners, promoting services and products to provide the most beneficial consumer and commercial financing solutions.

First Electronic Bank ("FEB") is seeking an experienced attorney to provide regulatory and compliance guidance for the Bank’s deposit and lending products and services. The role requires strong knowledge of financial-services regulations and will review new products, address compliance escalations, conduct legal research, and coordinate with outside counsel. The attorney will advise on consumer protection, deposits, lending, and loan servicing; support legal strategy and implementation; and assume comprehensive product and compliance responsibility for assigned deposit and lending programs and related strategic partnerships.

What You’ll Do:

• Advise the Bank on regulatory compliance matters pertaining to the implementation and management of deposit and lending platforms, products and key service providers. Identify and resolve regulatory and compliance issues related to new and existing partners, products and services.
• Serve as the primary legal point of contact on regulatory matters for assigned programs and associated products and service providers.
• Review and provide regulatory and compliance guidance from initial due diligence throughout the life of the program.
• Have a thorough knowledge of all aspects of the assigned deposit and lending platforms and products.
• Participate in the development of corporate policies, procedures, and compliance programs with respect to the assigned deposit and lending platforms.
• Perform legal research, prepare and render legal opinions to the VP Product Counsel, Chief Legal Officer, and Management.
• Present reports and recommendations regarding legal matters and assigned programs.
• Other areas as interest, availability and ability permit.

Requirements

What We’re Looking For:

• Law degree from accredited U.S. university.
• Licensed to practice in Utah (and in good standing), or other State as approved by Bank.
• At least 5 years of regulatory and compliance experience in deposits, lending and financial services.
• Excellent verbal and written communication skills, interpersonal skills and partnering skills.
• Excellent analytical skills.
• Strong command of Microsoft Office Suite; in particular, Outlook, Word, Excel, PowerPoint, and Co-Pilot.
• Great at multi-tasking, working well under pressure and meeting tight deadlines.
• Collaborative and works in tandem with team members.
• Consultative and proactive; good business sense and a sense of urgency, honesty and fairness.
• Able to take direction and manage projects from beginning to end with a sense of follow through.
• Exceptionally detail oriented and organized.
• Excellent legal drafting skills.
• Self-confident and inspires confidence from business leaders.

Preferred experience:

• Deposit and debit programs.
• Consumer and small business lending, including credit card programs.
• Loan servicing and collections.
• Familiar with fintech sponsorship model .
• Consumer protection.
• Data privacy and protection.
• Payment processing.
• FDIC and Utah Department of Financial Institutions.