Juris Doctor degree from an accredited law school.
Minimum of 5 years relevant experience in a law firm or in-house at a financial institution.
Active membership in good standing in at least one state bar.
Knowledge of consumer financial protection laws and regulations.
Ability to draft complex contractual documents and product disclosures.
Responsibilities
Advise on the development of consumer banking products from ideation to launch.
Provide expert legal advice on applicable consumer banking laws and regulations.
Collaborate with internal partners to assess legal and reputational risks.
Assist in developing consumer banking policies that meet legal standards.
Perform various tasks to protect the Bank's business and reputation.
Benefits
Collaborative work environment with cross-functional teams.
Opportunity to influence product development and compliance strategies.
Engagement with a variety of legal and regulatory challenges.
Professional growth in a fast-paced financial institution.
Full 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.
Required Skills:
Knowledge of and experience with consumer financial protection laws and regulations.
Ability to draft complex contractual documents and product disclosures, terms and conditions.
Strong interpersonal and communication skills, with the ability to collaborate with cross-functional teams.
Ability to navigate a fast-paced environment and handle multiple projects.
Impeccable attention to detail, unwavering commitment to excellence, and the highest standards of integrity.
Required Experience:
Juris Doctor degree from an accredited law school and a minimum of 5 years of relevant experience at a law firm or in house at a financial institution.
Active membership in good standing in at least one state bar.
Preferred Experience:
Experience with consumer financial services at a medium to large law firm with banking clients and/or an in-house legal department at a bank. Familiarity with consumer deposit and lending products.
About USAmeriBancorp
Valley National Bancorp, doing business as Valley Bank, is a regional bank holding company headquartered in Wayne, New Jersey with approximately $42 billion in assets. Its principal subsidiary, Valley National Bank, currently operates over 230 branch locations in northern and central New Jersey, the New York City boroughs of Manhattan, Brooklyn, and Queens, as well as Long Island, Florida, and Alabama. Valley Bank holds approximately $29 billion in assets.
,Valley Bank is one of the largest commercial banks headquartered in New Jersey.
