US Counsel, Contracts & Compliance
IP House
Salary
💰 $118,000 - $180,000 per year
Job Level
Mid-LevelSenior
About the role
- Deliver strategic and tactical legal support primarily for LendingClub Bank’s consumer deposit and lending products
- Monitor and analyze federal, state, and local regulatory developments concerning consumer banking products and operations and engage with our business partners to ensure understanding of the same and operational readiness
- Serve as a trusted advisor and partner to customer-facing teams and operations teams, such as customer experience teams, customer service teams, banking operations teams, including providing support related to LendingClub’s digital platforms and services, client relationship matters, customer complaints and non-standard client requests and escalations
- Serve as a trusted advisor and partner to business teams, including advising and partnering on the development of new products and services, training and advising on consumer finance laws and regulations applicable to our business, third party management activities, reviewing marketing materials and advising on product and customer servicing and collections matters
- Partner with our Compliance and Risk teams to ensure comprehensive risk support for the consumer banking products we offer including the management of internal and external compliance reviews and examinations, and regulatory exams by government agencies
- Collaborate with team members to identify issues and improve existing processes and procedures to ensure consistent interpretation and application of legal requirements across LendingClub Bank’s product suite
- Drive and support other matters in support of LendingClub Bank’s strategic objectives
- Assist the Legal Department in support of any other assignments that you may be asked to help with
- You assess unusual circumstances and use sophisticated analytical and problem-solving techniques to identify cause
- You devise solutions based on limited information and precedent and adapt existing approaches to resolve issues
Requirements
- 3+ years of experience, J.D. degree, and a state bar membership in good standing
- Combined law firm, government and/or in-house legal department experience in a bank or financial technology company (with direct experience in these areas). In-house experience with a bank, fintech, or credit union preferred
- At least 2 years of experience in consumer finance law and regulations
- Must have demonstrated experience advising on some or all of the following laws and regulations: TISA/Regulation DD; Funds Availability/Regulation CC; TILA/Regulation Z; ECOA/Regulation B; FCRA/Regulation V; EFTA/Regulation E; ESIGN; FDCPA/Reg F; GLBA/Regulation P; UDAAP; and/or state law analogues
- You adapt well to a rapidly changing business environment and thrive on innovation and change
- You are comfortable in a legal support role that extends beyond delivery of advice to getting involved in the hands-on execution and implementation of legal advice with business partners
- You can manage multiple transactions or tasks, take on new responsibilities, and advise on novel issues
- You have the proven ability to develop collaborative relationships with internal partners and external customers, with comfort interacting with and influencing colleagues across departments and job levels
- You have a high level of integrity and are able to have candid conversations with business leaders in support of your position if needed
- You adapt style to differing audiences and often advise others on difficult matters
