Bloomberg

Deputy Chief Legal Counsel

Bloomberg • $110K — $194K *
Fargo, ND 58103In-Person
Legal & Accounting
8 - 10 years of experience
1 month ago
Job Overview by Ladders

Qualifications

  • Juris Doctor (JD) from an accredited law school
  • Active license to practice law in MN or ND; broad licensure preferred
  • 10+ years of legal experience in senior leadership roles
  • Extensive experience in financial services and regulatory matters
  • Strong business acumen with enterprise-wide legal expertise
  • Proven ability to manage complex, high-impact legal issues

Responsibilities

  • Translate legal strategy into actionable plans across the department
  • Lead legal initiatives impacting governance and regulatory posture
  • Prepare and review board materials on legal and risk topics
  • Serve as the primary legal advisor for designated business areas
  • Lead legal strategies for significant regulatory matters
  • Manage legal response to critical incidents and reputational events
  • Improve legal operations and oversee litigation management

Benefits

  • Opportunities for career growth and advancement
  • Exposure to executive leadership and board-level advisement
  • Collaborative work environment with cross-functional teams
  • Support for professional development and internal training
  • Involvement in high-impact legal strategies and initiatives
Full Job Description
Job Type

Full-time

Description

The Legal Counsel job family provides enterprise legal guidance to support business strategy while managing regulatory, contractual, and reputational risk within a highly regulated financial services environment. Roles within this family advise leadership on complex legal matters, ensure compliance with applicable laws and supervisory expectations, and help the organization navigate risk-informed decision-making. As career levels progress, responsibilities expand from execution and subject-matter expertise to practice leadership, enterprise risk ownership, and board-level advisement. Collectively, this job family serves as a strategic partner to the business while safeguarding the institution's legal integrity and governance obligations.

Enterprise Legal Leadership
  • Translate the GC/CLC's legal strategy into execution across the department (priorities, operating rhythms, metrics, capacity planning).
  • Lead enterprise-wide legal initiatives impacting governance, risk, and regulatory posture.
  • Ensure consistent risk philosophy and decision-making across practice areas.
Executive & Board-Level Support
  • Prepare or review board/committee materials related to legal, governance, litigation, enforcement matters, and significant risk topics.
  • Serve as primary legal advisor for designated business areas and strategic advisor to executive leadership.
  • Present updates to committees as delegated by GC/CLC.
Regulatory/Enforcement Strategy
  • Lead legal strategy for significant regulatory matters (MRAs/MRBAs, consent orders, enforcement actions) in partnership with compliance/risk.
  • Oversee privileged assessments and remediation governance.


Crisis & Sensitive Matter Leadership
  • Lead legal response to critical incidents: material complaints, data breaches, investigations, reputational events, enterprise disputes.
  • Coordinate with Communications, Risk, Compliance, and executive leadership to manage legal exposure and messaging.


Department Operations & Quality
  • Improve legal operations: matter management, outside counsel spend, playbooks, template standardization, contracting SLAs.
  • Oversee litigation management with outside counsel, including legal process workflows (subpoenas, garnishments) and cost-effective strategy for staffing and spend.
  • Partner with Risk and Compliance to align legal advice to enterprise risk frameworks and ensure execution of agreed risk mitigations.
  • Provide continuity and succession support for the Chief Legal Counsel role; serve as acting delegate as assigned.
  • Support legal review of deposit, payment, and BaaS products
  • Establish quality controls (review protocols, training plans, knowledge management).

Typical Scope Indicators
  • Often the most senior leader beneath GC/CLC.
  • Strong enterprise influence; frequent executive exposure; acts on behalf of GC when absent.


Requirements

  • Juris Doctor (JD) from an accredited law school
  • Active license to practice law in MN or ND; broad licensure or national practice experience preferred
  • 10+ years of legal experience, including senior leadership roles, including both law firm and in-house roles
  • Extensive experience in financial services, regulatory matters, governance, or enterprise risk
  • Enterprise-wide legal and regulatory expertise with strong business acumen
  • Ability to oversee multiple legal practice areas and resolve complex, high-impact issues
  • Strategic decision-making skills with sound, defensible risk judgment
  • Experience advising executive leadership and supporting board-level matters
  • Proven ability to lead large initiatives, crisis response, and regulatory engagements


Travel Requirement

This position requires some travel to support business needs, including team collaboration, internal trainings, and cross-functional initiatives. The frequency and duration of travel will vary based on organizational priorities and team needs.

Salary Description

$110,170 - $194,423

About Bloomberg

Bloomberg L.P. is a privately held financial, software, data, and media company headquartered in Midtown Manhattan, New York City. It was founded by Michael Bloomberg in 1981, with the help of Thomas Secunda, Duncan MacMillan, Charles Zegar, and a 12% ownership investment by Merrill Lynch. Bloomberg L.P. provides financial software tools and enterprise applications such as analytics and equity trading platform, data services, and news to financial companies and organizations through the Bloomberg Terminal (via its Bloomberg Professional Service), its core revenue-generating product. Bloomberg L.P. also includes a wire service (Bloomberg News), a global television network (Bloomberg Television), digital websites, a radio station (WBBR), subscription-only newsletters, and three magazines: Bloomberg Businessweek, Bloomberg Markets, and Bloomberg Pursuits.
Learn more about Bloomberg
Size
20,000 employees
Industry
Media
Founded
1981
* Ladders Estimates

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