Our client, a leading global financial services company, has approximately 200 million customer accounts and does business in more than 140 countries. They provide consumers, corporations, governments and institutions with financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.
Description:
Location: NY 388 or Tampa, FL
Duration: 6 months
Role: Bank Regulatory SME
JD:
Job Title: Bank Regulatory SME
Major Global Bank is undergoing an exercise to review the controls that it has in place against various 'permissibility' and 'risk management' regulations and to enhance these controls as necessary.
The regulations in question are:
1. 12 USC 24 (Seventh);
2. Corporate Activities for National Banks (at 12 CFR 5);
3. Activities and Operations (at 12 CFR 7);
4. Regulation Y (12 CFR Part 225) (sub-part A, B, C, E and H);
5. Standards for Safety and Soundness (12 CFR 30.1-30.7, Appendix A);
6. OCC Guidelines Establishing Heightened Standards for Certain Large Insured National Banks, Insured Federal Savings Associations, and Insured Federal Branches (12 CFR 30, Appendix D);
To support this exercise, lawyers with experience of the first 4 regulations above are sought with the role of advising on the control environment that satisfies these regulations.
Key Responsibilities
Advise on the completeness of control assessments with respect to these regulations
Assist with partnering across the firm to determine appropriate metrics and governance forums to provide oversight of these regulations
Qualifications
Knowledge and experience
Must be a lawyer, with minimum of 5 years' experience of these regulations
Preferred to have some practical experience in 'problem-solving' regarding how to most effectively comply with these regulations
Capabilities
Strong written/verbal reasoning skills
Strong stakeholder management skills – with strong oral communication in particular
Critical thinker with ability to provide an impartial, consultative and solutions-oriented approach
Prior success working in a large, highly-matrix and complex organization; able to set priorities and 'triage' in a fast-paced, dynamic environment
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