Federal Regulatory Compliance Counsel

America's Credit Unions

$90K — $130K *
Finance & Insurance
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • Law degree required; must be licensed to practice in at least one U.S. jurisdiction
  • 2+ years as a compliance attorney or counsel focusing on financial institutions
  • Expertise in analyzing and advising on financial institution laws and regulations
  • Comprehensive knowledge of federal laws, regulations, guidelines, and policies affecting credit unions
  • Ability to translate complex legal information into understandable content for diverse audiences
  • Effective communicator with strong presentation skills and ability to engage varied stakeholders
  • Self-starter with strong organizational skills and ability to manage multiple priorities

Responsibilities

  • Serve as the compliance expert representative for America's Credit Unions in cross-departmental collaborations
  • Partner with advocacy teams to identify compliance challenges and propose legislative solutions
  • Support compliance educational events by advising on curriculum updates and regulatory changes
  • Develop compliance assistance materials based on member inquiries and trends
  • Speak at conferences and events to represent compliance issues and solutions
  • Engage with credit unions to address compliance inquiries and monitor discussion threads
  • Draft and review articles on regulatory compliance updates to inform and educate stakeholders

Benefits

  • Hybrid work model based in Washington, DC
  • Opportunities for continuous learning and professional development
  • Engagement with a diverse range of compliance topics and challenges
  • Collaboration with various departments to affect real change for member credit unions
  • Involvement in public speaking and educational initiatives across the industry
Full Job Description
We are seeking a highly organized and experienced Federal Regulatory Compliance Counsel to play an instrumental role in achieving important parts of America's Credit Unions strategic plan to foster service excellence by providing trustworthy timely best-in-class compliance assistance, information, education and training, to remove barriers by persuading federal agencies to address implementation and operational issues with federal regulations, and to create awareness of America's Credit Unions value proposition by disseminating information written in plain English. This position is a Hybrid role based in Washington, DC.

Responsibilities:

Compliance Expert Representative for America's Credit Unions
• Work cross-functionally across all of America's Credit Unions departments to represent the association in the capacity of compliance counsel, including:

oPartnering with other Advocacy teams to identify compliance problems impacting credit union operations and suggesting regulatory and legislative solutions.
  • Partnering with Association Services to support America's Credit Unions' compliance learning events, and providing timely recommendations for curriculum changes and regulatory updates for the organization's various schools, conferences, webinars, and certification programs.
  • Partnering with Membership and Engagement to develop content and compliance assistance materials on certain topics based on engagement, trends, and questions from members through various interactions, including through Councils, targeted outreach, and educational channels.
  • Displaying compliance expertise by regularly speaking at association conferences, league-sponsored and other credit union-organization compliance events, compliance roundtables, member credit union committee meetings, and other events as assigned.
  • Actively engaging with credit unions via the compliance inbox. Respond to federal regulatory compliance inquiries from member credit unions and state leagues regarding both new requirements and ongoing compliance issues. Monitor discussion threads in America's Credit Unions' Compliance Community and post responses, as necessary.
  • In coordination with America's Credit Unions' Communications team, working to draft and review articles highlighting regulatory compliance developments and promoting the Compliance team's work.

• This role may be designated as a deeper subject matter expert on one or more assigned compliance topic areas and will take a lead role in those disciplines, tracking and reporting on all developments and monitoring all legislative and regulatory developments.

Compliance Content Curation
• Develop, update, or otherwise procure content involving new compliance developments, updates, applications, or clarifications. This may take the form of, but is not limited to: questions/FAQ's, summaries and briefs, compliance alerts, blog posts, compliance review tools, CPD Online courses, white papers, case studies, presentations, recordings, guides, articles, etc. for use and application across all the compliance delivery platforms from and the Compliance Community to America's Credit Unions' Compliance Blog.
• Write final analyses of all new federal regulations impacting compliance, and update and maintain current compliance resources. Proactively engage with the broader Compliance team in fulfilling operating procedures and timelines to issue these updates across various channels.

Compliance Special Projects and Ad Hoc Assignments
• Collaborate closely with colleagues across the organization to work on a variety of long-term projects to strengthen the content and delivery of compliance education and training from both a regulatory and operational perspective. These products include, but are not limited to, incorporating a consultative component into regulatory compliance, addressing how to best establish a total compliance solution to address not only Federal laws and regulations, but also state-specific content.

Requirements:
• Law degree required. Licensed to practice law in at least one U.S. jurisdiction.
• 2+ years of experience as a compliance attorney/compliance counsel.
• Experience analyzing and advising on financial institution laws and regulations.
• Must maintain a comprehensive knowledge of ever-changing federal laws, regulations, guidelines, interpretive rulings and policy statements, federal bylaws, legal opinions, and court rulings impacting credit unions. Must be a continuous learner with a willingness to be called upon to develop general expertise in all compliance topics affecting credit unions.
• Deep understanding of federal examination standards, examiner questionnaires, call report filings, Letters to Credit Unions and other supervisory documents impacting credit union operations, and the proven capability to differentiate what issues involve state law.
• Ability to effectively translate complex legal information to various audiences with a focus on the impact on credit union operations and compliance management. Superior analytical and written skills to translate complex legal information in a way that credit unions can digest and understand actionable steps to comply with federal regulations and other federal mandates.
• Must be an effective, versatile communicator with excellent verbal and written communication skills. Has strong presentation skills that result in effective and well understood transfer of knowledge. Ability to bring clarity to complex topics and can adapt written work product seamlessly for various audiences.
• Must be a self-starter who can work independently with limited continuous instruction. Demonstrates the drive to seek opportunities and projects that advance the goals of America's Credit Unions.
• Proven ability to think ahead, creatively problem-solve, and take initiative by demonstrating a natural curiosity and digging deeper. Ability to successfully juggle multiple responsibilities and competing priorities and organize work and information in an efficient way.
• Strong professional team player with the ability to work collaboratively.
• Proficiency with Microsoft Office Suite.
• Ability to travel up to 15-25 days per year

If you are highly motivated and are interested in this opportunity, we encourage you to apply today!

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