Sr Attorney

Minimum Education

Juris doctor

Minimum Experience

4

Summary

The senior attorney interprets banking laws and other regulatory matters and handles complex assignments in major subject areas, including matters with no clear cut precedent.

Duties and Responsibilities

• Provides legal advice to the Board and clients such as officers and staff members of other Board divisions, relating to the operational and regulatory responsibilities of the Board and the Federal Reserve Banks.
• Engages extensively in legal research and writing, identifying legal issues, proposing resolutions, constructing alternate arguments and solutions, and assisting senior reviewers and Division officers in final resolution of issues. Assists More Junior Attorneys In Less Complex Assignments.
• Prepares legal memoranda to the Board, presenting analysis of legal issues and proposing alternate courses of action. Drafts regulations implementing Board policy or new legislation. Assists Drafting testimony for Board members and officers to present before Congressional committees. Prepares .
• other legal documents, including letters for the signature of Board members, interpretations of general applicability to be published in the Federal Resister, and special studies required by law or requested by Congressional committees.
• Prepares items for consideration at Board meetings, participates in discussions, and answers questions from Board members regarding those items.
• Provides explanations and advice in response to inquiries from Board members and other System clients, other federal and state agencies, members of Congress and Congressional staff, private counsel, and the public, concerning federal statutes, regulations and interpretations regarding the regulation and supervision of, and business transactions involving, banking organizations.
• Analyzes proposals presented to the Board, including complex merger and acquisition transactions, involving consideration of federal and state banking law, securities and antitrust law, and corporate and accounting issues.
• Prepares documentation for and researches legal issues related to bilateral and multilateral bridge loans in consultation and coordination with other agencies, international organizations, foreign central banks, and counsel representing debtor countries.
• Handles all aspects of appellate and trial court litigation, including researching and drafting appellate briefs and pleadings, preparing administrative records, negotiating agreements with opposing counsel, and advising and coordinating with counsel for parties supporting the Board's action with respect to litigation strategy. Presents oral arguments before appellate courts.
• Assists in the initiation and prosecution of administrative enforcement actions against bank holding companies and state member banks, and officers and directors thereof, in cease and desist, civil money penalty, and removal actions; participates in advising the Board with respect to final actions required on cases prosecuted before an administrative law judge; and assists in defending the Board in court proceedings challenging decisions in such actions.
• Reviews paralegal work responding to Freedom of Information Act requests.

Position Requirements

Requirements FR-27

Successful candidate will have at least four 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. 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). Bar membership and U.S. citizenship required.

Requirements FR-28

Successful candidate will have at least six 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. 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). Bar membership and U.S. citizenship required.

In addition, for both FR-27 and FR-28:

• A writing sample may be required at the time of application submission.

• Successful completion of background check required.

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. Performs more difficult assignments at this level, 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.

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