My client, a large regional bank, is looking to bring on a Senior Consumer Banking Product Counsel that will work closely with different departments across the bank to support against regulatory and risk matters. The primary focus of the role will be reviewing the applicability of federal and state banking laws in regard to consumer loan products and services, deposits, and support the retail branch network as well.
Job Description:
- Offer expert guidance on the applicability of federal and state banking laws and regulations to banking products and services, including the TISA, TILA, ECOA, EFTA, FCRA, GLBA, and UDAAP.
- Advise on banking laws and regulations in areas such as risk management, consumer lending, retail deposit products, and marketing activities.
- Support various bank departments, including regulatory compliance, retail and branch banking, deposit operations, treasury solutions, digital banking, marketing, commercial lending, consumer lending, and fraud risk management.
- Assist in monitoring and implementing changes in laws.
- Collaborate with representatives from various departments to ensure legal compliance in policies, procedures, and disclosures.
- Prepare and update standardized and customized templates, checklists, correspondence, bank forms, and agreements.
- Provide legal support for strategic initiatives and new product and service offerings across the bank.
- This role will be based out of Morristown, NJ or New York City
Qualifications:
- JD and admitted in the state of New Jersey and/or New York
- Knowledge and experience with federal banking laws and regulations
- Ability to draft and analyze contractual documents
- 4+ years experience handling banking maters at a medium to large law firm with banking clients and/or in-house at bank
