Legal Counsel

Legal Counsel

Requisition #262738

As part of the Federal Reserve System, the nation’s central bank, the Federal Reserve Bank of Richmond is committed to strengthening the economy and our communities. It’s a big job, and to do it we need talented, results-driven professionals who care about making a difference.

At the Richmond Fed, our goal is not just to be an employer of choice; we want to be your employer of choice. One of the ways we do that is by offering a total rewards portfolio that includes more than compensation. Our total rewards includes thrift and retirement plans, generous paid time off, health and wellness benefits, insurance to protect you and your loved ones, work/life offerings, and a variety of professional development opportunities.

The Federal Reserve Bank of Richmond’s Legal Department is looking for an attorney to represent the Richmond Fed and join a team of attorneys working to support our mission of strengthening the nation’s economy and communities. The ideal candidate will have a demonstrated background of achievement in commercial, financial, banking, payments, and corporate matters, as well as the aptitude for and the willingness to learn other areas of the law.

Essential Job Responsibilities:

• Advise on legal matters related to the daily functioning of the Federal Reserve System, including secured lending, banking supervision and regulation, payment systems, risk management and compliance, and corporate governance.
• Assess potential legal and compliance risks, benefits, and consequences of decisions, present alternatives and propose solutions to achieve business objectives, while managing legal and practical business considerations.
• Advise and train on legal principles and best compliance practices for credit risk management and secured lending.
• Influence Federal Reserve policies and procedures.
• Conduct legal research, give oral and written opinions, and make legal and risk management recommendations.
• Participate on task forces, work groups, and other special projects within the Federal Reserve System.
• Collaborate with Richmond Fed management and staff and with third-party legal and business representatives.

Required Knowledge/Skills:

• Strong working knowledge of banking, financial, commercial, or payments law.
• Willingness to learn new areas of the law.
• Experience mastering new areas of the law.
• Ability to research and identify legal and reputational risks with speed and precision.
• Ability to summarize essential legal and business issues and alternatives for executive decisions.
• Ability to work in a fast-paced, deadline-oriented environment.
• Ability to work independently with minimal supervision while maintaining a reputation for good teamwork.
• Strong transactional background, including drafting and negotiating.
• Demonstrated ability to prioritize multiple tasks.
• Excellent oral and written communication skills.
• Outstanding client management skills and an ability to inspire confidence and trust in people at all organizational levels.
• Excellent interpersonal skills with an ability to interact effectively with people at all organizational levels.
• Common sense and good judgment.

Required Qualifications/Experience:

• J.D. from an accredited law school.
• Membership in good standing, as attorney or corporate counsel, of the Virginia State Bar (or be eligible for such membership).
• Experience (4-8 years) as a law firm associate. Experience as in-house counsel a plus.

Special Considerations:

Candidates should review the Bank’s Employee Code of Conduct to ensure compliance with conflict of interest rules and personal investment restrictions. The Code is available on the About Us, Careers webpage at www.richmondfed.org.

This position requires access to confidential supervisory information, which is limited to "Protected Individuals" as defined in U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, U.S. permanent residents who are not yet eligible to apply for naturalization, and U.S. permanent residents who have applied for naturalization within the requisite timeframe.

Salary offered will be based on the job responsibilities and the individual’s knowledge, skills, and experience as defined in the job qualifications/experience.

The deadline for applying online is 5:00 PM on January 31, 2020.

Selected candidate subject to special background check procedures.