Legal and Compliance Counsel Job at Local Government Federal Credit Union, Raleigh, NC

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  • Local Government Federal Credit Union
  • Raleigh, NC

Job Description


Description:

CIVIC CULTURE

Our organization believes we can all do well by doing good. We value the contributions of diverse minds and prioritize the success and well-being of our employees. We also believe every person in our organization plays a role in supporting a healthy environment and helping to achieve our goal of prosperity for all. To this end, we recruit bright, energetic, and talented people to be members of our team. In return, we offer a dynamic workplace that presents opportunities for professional advancement and individual growth. We strive to always display integrity, self-awareness, courage, and respect for one another while continuing to seek opportunities to learn. We really believe that when our employees succeed, our community wins.

ABOUT THE POSITION

Under the general direction of the VP of Legal Services, the Legal and Compliance Counsel is an integral member of the Legal Services team. This position will participate in the development of the overall legal and compliance strategy for the Credit Union, including, but not limited to: recommending, implementing and administering Credit Union policies and procedures; drafting, reviewing and negotiating software licenses and vendor contracts; assessing the Credit Union's insurance/bond policy needs; ensuring business units' compliance with applicable laws and regulations; and developing objectives to help maximize the safety and soundness of Credit Union products, services, and activities. This role is also key in identifying, assessing and advising management on the mitigation of various legal and reputational risks that may arise during the implementation of existing as well as new Credit Union strategic goals and initiatives.

NORMAL DAY-TO-DAY WORK

  1. Monitor, review and evaluate compliance issues/concerns within the Credit Union to ensure they are being appropriately investigated and resolved.
  2. Analyze and recommend to the VP of Legal Services and, where appropriate, Executive Management best practices, solutions and changes that help further Credit Union goals and mitigate legal and reputational risks to its strategic initiatives.
  3. Draft, review and negotiate transactional documents, including contracts for service, settlement agreements and licensing agreements, among others.
  4. Serve as a point of expert contact for staff on matters requiring general legal oversight.
  5. Identify and resolve issues related to the Credit Union's Risk Management Program.
  6. Bring general legal issues and concerns to the attention of the SVP of Legal Services and, where appropriate, Executive Management, and assist in the development of related Credit Union policies and procedures.
  7. Serve as liaison for the Legal Services department, in the absence of, or as directed by the VP of Legal Services, on legal and compliance matters requiring communication with the NCUA, CFPB, NC Credit Union Administration and other relevant regulatory bodies.
  8. Work with departments to assess the compliance implications resulting from changes made to policies, processes and procedures.
  9. Keep abreast of, monitor and analyze developing trends and changes in regulatory compliance laws, rules and regulations, and assist in the determination of operational impacts and the development of implementation plans.
  10. Identify issues and provide counsel to organizational departments on legal, regulatory, and information security issues, respectively.
  11. Assist in developing and maintaining form legal documentation, negotiation guidelines, policies and procedures.
  12. Manage legal disputes, litigation, settlements, and other legal proceedings involving the Credit Union.
  13. Take ownership for actions, decisions, and results; openly accept feedback and demonstrate both the willingness and ability to improve.

JOB QUALIFICATIONS

Here are a few skills you MUST have to be qualified for this position.

  1. J.D. degree from an accredited law school and licensed to practice law in the State of North Carolina, with at least 4 – 6 years of related legal experience in a law firm, business or non-profit organization.
  2. Americas Credit Unions Certified Compliance Officer designation or able to obtain within 1 year.
  3. Excellent analytical skills and ability to conduct thorough research, interpret and understand laws, regulations, risk management standards and best practices, and provide workable recommendations and solutions.
  4. Ability to communicate clearly, concisely and professionally both orally and in writing with all levels of staff and management and maintain a high degree of confidentiality.
  5. Strong initiative with ability to work with minimal supervision and on multiple tasks simultaneously.
  6. Ability to function in a Consumer business office environment and utilize standard office equipment including but not limited to: PC, copier, telephone, etc.
  7. Ability to lift a minimum of 25 lbs. (file boxes, computer printer).
  8. Travel required sometimes

Here are a few qualities we'd LIKE for you to have to make you more suited for this position .

  1. Full knowledge of and/or practical experience with the operations of financial institutions, their products and services.
  2. Full knowledge and understanding of the laws and regulations governing credit unions.
  3. Litigation and/or litigation management experience

CONTACT US

If you have questions about this position description, please feel welcome to ask. You can reach our HR Department at:

Civic Human Resources

3600 Wake Forest Road, Raleigh, NC 27609

[email protected]

Requirements:

PId51b582144f0-30492-35925070

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