Legal Assistant/Attorney (Banking Regulation and Policy - LEGAL) (Finance)
Minimum Education
Juris doctor
Minimum Experience
0
Summary
The entry level attorney is expected to have a superior academic record from a law school recognized as offering a strong academic program. The entry level Legal Assistant/Attorney assists other Division attorneys by performing research and drafting correspondence and memoranda.
*Admission to a recognized bar must be obtained within 14 months after appointment. Title of Legal Assistant will be used until notification of bar admission.
Duties and Responsibilities
1. Performs legal research in support of more experienced attorneys. Includes complex merger and acquisition transactions involving consideration of federal and state banking law, securities and antitrust law, corporate and accounting issues, international financial matters, litigation in which the Board is a party or has an interest, and enforcement actions against financial institutions and directors, which require the ability to identify and suggest resolutions to difficult business and legal issues.
2. Prepares draft memoranda and correspondence on matters for which there is clear precedent, matters requiring extensive legal research to identify issues, propose resolutions, and construct alternate arguments.
3. Responds to inquiries (from Board staff, Reserve Bank staff, other regulatory agencies, financial institutions, and the public) relating to the interpretation of banking law and other regulatory matters which are fairly clear cut.
4. Renders preliminary determinations under the Government in the Sunshine Act. Applies the requirements of the Act to determinations as to whether Board agenda items should be considered at a Board meeting open (or closed) to the public.
5. Reviews paralegal work responding to Freedom of Information Act requests.Requirements for FR-25
Requires a law degree and bar membership* as well as demonstrated analytical ability and strong oral and written communications skills.
*Admission to a recognized bar must be obtained within 14 months after appointment. Title of Legal Assistant will be used until notification of bar admission.
Requirements for FR-26
Successful candidate will have at least one year of experience as a practicing attorney in private practice or government agency with developing skills and expertise in banking law or other areas of law related to the Board's responsibilities and general knowledge of financial institution supervision and regulation. Active bar membership required.
Requirements FR-27
Successful candidate will have at least two years of work experience as a practicing attorney in private practice or government agency and general knowledge in the regulation of financial institutions or in the regulation of securities, derivatives, insurance or commodities. Prior experience in developing and drafting regulations applicable to banking organizations or other financial institutions also is valuable. Corporate transactional experience is helpful. Active bar membership required.
Remarks:
At all FR-levels, successful candidate will demonstrate excellent oral and written communication skills, strong analytic and interpersonal skills (including the ability to interact effectively with management and staff at all levels of the organization), personal initiative, and adaptability in working across legal disciplines. Must also possess excellent attention to detail and strong organizational skills (including ability to handle multiple assignments and organize projects and see through their successful completion with minimal supervision). In addition:
About the Job:
Handles assignments in the Banking Regulation and Policy Group of the Board's Legal Division. The Banking Regulation and Policy Group is responsible for legal and policy issues regarding the regulation and supervision of Federal Reserve-supervised firms and also issues regarding financial stability more generally.
Drafts memoranda to the Board, staff opinion letters, legislative and regulatory proposals, and similar documents. Furnishes legal opinions and advice and responds to System and public inquiries concerning Federal statutes, interpretations, and opinions concerning the supervision and regulation of financial institutions, regulatory responsibilities of the Board, Reserve Bank matters, and related issues. Makes oral presentations at meetings with Board members. Receives general supervision and direction from more experienced attorneys and works with senior staff to prepare Board presentations and draft regulatory proposals.
In addition, attorneys review and analyze complex bank merger and consolidation transactions, proposals by bank holding companies to engage in novel nonbanking activities, requests for interpretation of various Federal banking laws, proposed amendments to the Federal banking laws and regulations, and other matters within the scope of the Federal Reserve's authority.
This is a hybrid position located in Washington, D.C. with a weekly Wednesday on-site requirement and as business needs require.
