Associate General Counsel

First Electronic Bank is looking to add an experienced attorney who will assist in providing regulatory and compliance guidance with respect to the Bank’s lending products and services. The position will require a strong familiarity with the alphabet soup of regulatory compliance in lending and financial services. The position will be responsible for reviewing new products for regulatory compliance and responding to compliance escalations on existing products. The work will include hands-on legal research and review, as well as coordinating with outside counsel. The AGC will have comprehensive compliance and product responsibility for assigned lending programs.

 Duties and Responsibilities 

• Advise the Bank on regulatory matters pertaining to the implementation and management of lending platforms, products and key service providers. Identify and resolve regulatory and compliance issues related to new and existing partners, products and services.
• Serve as the primary legal point of contact on regulatory matters for assigned programs and associated products and service providers.
• Review and provide regulatory and compliance guidance from initial due diligence throughout the life of the program. Have a thorough knowledge of all aspects of the assigned lending platforms and products.
• Participate in the examination process pertaining to the assigned lending platforms.
• Participate in the development of corporate policies, procedures, and compliance programs with respect to the assigned lending platforms.
• Perform legal research, prepare and render legal opinions to the Senior Associate General Counsel and Management.
• Selection, retention, management, and evaluation of outside counsel.
• Other areas as interest, availability and ability permit.

Minimum qualifications

• Law degree from accredited U.S. university
• Licensed to practice in Utah (and in good standing), or other State as approved by Bank
• At least 5 years of regulatory and compliance experience in lending and financial services
• Excellent verbal and written communication skills, interpersonal skills and partnering skills
• Excellent analytical skills
• Strong command of Microsoft Office Suite; in particular, Outlook, Word, Excel and PowerPoint
• Great at multi-tasking, working well under pressure and meeting tight deadlines
• Collaborative and works in tandem with team members
• Consultative and proactive; good business sense and a sense of urgency, honesty and fairness
• Able to take direction and manage projects from beginning to end with a sense of follow through
• Exceptionally detail oriented and organized
• Excellent legal drafting skills: some transactional experience preferred
• Self-confident and inspires confidence from business leaders Preferred experience
• Consumer and small business lending, credit card programs
• Loan servicing and collections
• Familiar with FinTech sponsorship model
• Consumer protection
• Data privacy and protection
• Credit card networks (Visa and Mastercard)
• Payment processing
• FDIC and Utah Department of Financial Institution