Regulatory Relations Lead

Sept 2017 Branding; New York (NY); On-site; USD 120,000 - 160,000; Full time

Job summary

A prominent regulatory compliance firm in New York is seeking a Level 2 legal professional for the Regulatory Relations function. The role involves advising business lines on regulatory requirements, managing relationship interfaces, and ensuring compliance with scrutiny. Candidates must possess a Juris Doctor and 8-10 years of relevant experience. This position offers a dynamic environment involving collaboration across various teams while maintaining high ethical standards.

Qualifications

• 8-10 years of experience in a law firm or compliance/legal functions in regulated financial services.
• Experience directly engaging with regulators and auditors.

Responsibilities

• Counsel business lines regarding regulatory requirements.
• Draft critical regulatory submissions.
• Manage interface with FRBNY and regulatory teams.
• Develop relationships with business lines.
• Mentor Level 3 team members.

Skills

Legal writing

Analytical skills

Communication skills

Relationship-building skills

Attention to detail

Education

Juris Doctor from recognized US Law School

Tools

Microsoft Word

Microsoft Excel

Microsoft PowerPoint

Job description

This role will be a Level 2 legal position in the Regulatory Relations function of Compliance.

Essential Function / major duties and responsibilities of the job

• At Level 2, the position is a lead role regarding all facets of Regulatory Relations‑related responsibilities and tasks as described herein and acting as the point person and trusted advisor with respect to all Regulatory Relations related items and inquiries
• At either level, the position requires an ability (i) to counsel business lines with respect to regulatory requirements; (ii) to collaborate with business lines and personnel with respect to document submissions and processes; (iii) to draft critical regulatory submissions (requires superior writing skills and the ability to own and manage end‑to‑end submission content and process)

Strategic

• Provide oversight and management of the interface with: (i) the FRBNY Supervisory teams regarding all ongoing supervisory activities; (ii) the Fed Board Regulation HH team re: Regulation HH ANPC requirements and Regulation Y filings; and (iii) the Oversight Committee, including:
• supervisory‑related examination and monitoring activity; responses/progress updates relating to findings letters; remedial actions, including tracking to closure; and reporting to internal governance committee and the CLS Board on remedial activities
• “materiality” determinations; ANPC filings and related submissions; and Regulation Y filings
• regulatory engagement, including with the Federal Reserve PMI Policy team / Oversight Committee, as needed
• overall regulatory framework, including education/training as to CLS DFMU status, relevance and impact
• Provide guidance and advice related to Regulatory Relations, enhance (as needed) policies/procedures, support CLS’s growth program through Regulation HH ANPC and Regulation Y activities and embedded participation in project working groups and support CLS’s strategy by engaging effectively in the supervisory regulatory environment
• Support the CCO and Head of Regulatory Relations in developing and preparing document submissions to internal constituencies, such as Board/Committees and internal committees

Operational

• Develop and maintain relationships with business lines in order to provide oversight and manage various types of deliverables involving input from a number of stakeholders
• Serve as a Regulatory Relations resource and coordinate and oversight related regulatory activities and engagement
• Manage and oversee supervisory activity; be proactive and trouble‑shoot as needed
• Act as point person and/or trusted advisor on items/topics within the Regulatory Relations remit
• Participate effectively in internal governance/ working groups for projects and initiatives, including active facilitation of the shaping/ drafting of required regulatory filings and articulating regulatory requirements
• Interface proactively and effectively with the FRBNY supervisory teams and Fed Board staff for ANPC and Regulation Y‑related matters and Federal Reserve PMI Policy Team / Oversight Committee
• Be innovative, prioritize and manage multiple tasks and deadlines

Leadership

• Collaborate across the company to maintain and enhance supervisory interface
• Strategize, influence and advise business lines with respect to Regulatory Relations remit
• Support and serve as a resource for CLS strategic initiatives
• Foster a culture of Compliance; manifest and support the Compliance Brand
• Mentorship of the L3s

Experience / essential and desired for successful job performance

Level 2:

• Juris Doctor from recognized US Law School
• 8-10 years of experience in a law firm and/or in compliance/legal functions of a regulated financial services industry

Level 3:

• Juris Doctor from recognized US Law School
• Minimum 5 years of experience in a law firm and/or in compliance/legal functions of a regulated financial services industry

Qualifications / certifications

• Juris Doctor from recognized US Law School.

Knowledge, skills and abilities / competencies required for successful job performance

• Well-developed, excellent legal‑writing, research and analytical skills
• Organized self‑starter with superior communication skills, with an ability to multi‑task with a ‘can‑do’ attitude and minimal supervision
• Experience in and/or ability to work effectively with staff representing all disciplines within a company (e.g., Business Development, Operations, IT, Risk Management and Legal)
• Experience directly engaging with and interacting/managing inquiries/examinations by regulators and auditors
• Well‑developed professional presentation skills; proficiency in standard PC programs (Word, Excel and PowerPoint)
• Ability to work effectively with all levels in the organization
• Ability to work constructively and flexibly in a small team environment, and to assist at the direction of management in variety of projects
• Accurate, acute attention to detail and ability to deal with high volume of information and high execution mode of environment
• Ability to work independently on routine matters; however, is expected to seek guidance from compliance management and accept supervision on all matters
• Ability to deal tactfully with a wide variety of stakeholders, situations and ideas and present advisory, persuasive and authoritative recommendations
• Professionalism, discretion, ability to maintain strict confidentiality
• Strong relationship‑building and interpersonal skills

Success factors / ‘How’. Personal characteristics contributing to an individual’s ability to excel in the position

• Able to work in a DFMU environment with extremely high standards and intense regulatory scrutiny
• High ethical standards and a profound sense of urgency, integrity and confidentiality
• Driven by own initiative, can work independently as well as collaboratively
• Demonstrates appropriate awareness and skill on when and how to engage with stakeholders
• Ability to build relationships, consensus, to influence both internal and external stakeholders
• Loyal and results orientated team player
• Ensures delivery and execution of results

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.