Counsel

Provide expert advice and counsel regarding various legal and regulatory aspects of Navy Federal Credit Union, including Bank Secrecy Act (BSA)/Anti Money Laundering (AML) laws and Office of Foreign Assets Control (OFAC) regulations.  Advise senior management and business units on a wide spectrum of legal issues relating to Navy Federal’s mission. Counsel on matters related to federal and state regulatory issues, corporate organization and/or governance, new business initiatives, and dispute avoidance and resolution.

Responsibilities

1. Provides advice and counsel regarding matters of regulatory compliance and/or law.
• Interprets and reviews laws, rules and regulations affecting Navy Federal operations to optimize credit union effectiveness.
• Acts as liaison to various Navy Federal business units, including to the BSA/AML and OFAC team, to facilitate, improve, and strengthen the operations’ decision-making and risk management through integration of legal analysis, regulatory interpretation, and industry best practice.
• Responds to General Counsel and senior management requests for interpretation and/or application of laws and regulations.
• Identifies existing and new issues pertaining to corporate compliance with state and federal regulations to ensure necessary policies, strategies and procedures are implemented.
• Assists, as necessary, in responding to requests from Consumer Financial Protection Bureau (CFPB), National Credit Union Administration (NCUA), Department of Housing and Urban Development, Department of Veterans Affairs, and other federal and state regulators or mortgage investors in connection with examinations and other requests for information on diverse array of topics pertaining to credit union management and operations.
• Supports the Associate General Counsel and Deputy General Counsel in ongoing relationships and matters with business units and outside counsel.
• Keeps the General Counsel, senior management, and business units apprised of legal matters.

2. Analyzes external (e.g., as applicable, legislative changes, regulatory updates, competitor and economic trends) and internal (e.g., existing Navy Federal policies and procedures, available resources and future direction/plans) environments to assist with establishing relevant objectives for the Office of General Counsel, in association with the General Counsel and senior management.

3. Provides special project support requiring additional legal review and research, interpretation, advice, analyses, and recommendations to the Office of General Counsel and senior management regarding legal issues.

4. Performs other duties as assigned or appropriate.

Qualifications

• Juris Doctor from an accredited law school
• Licensed to practice law and in good standing with a state bar, willing and able to become licensed to practice law in Virginia or to register for limited admission as Virginia corporate counsel
• Experience in regulatory compliance and litigation, preferably involving financial institutions (law firm, in-house, and/or JAG Corps), including (but not limited to) experience handling matters related to BSA/AML laws, its implementing regulations, and OFAC sanctions regulations
• Good interpersonal, leadership, negotiating, and consulting abilities
• Strong organizational skills and ability to handle multiple, high priority projects with attention to detail and accuracy
• Excellent oral and written communication skills
• Excellent research, analytical, and problem-solving skills

Desired

• Good knowledge of financial services industry and financial institution operations
• Familiarity with regulations affecting financial institutions and/or credit unions
• Familiarity with Navy Federal’s objectives, functions, and mission
• 4+ years of experience practicing law

Hours:  Monday - Friday, 8:00AM - 4:30PM

Location: 820 Follin Lane, Vienna, VA 22180

Navy Federal is now hybrid! Our standard enterprise requirement for a hybrid schedule is to report on-site 4-16 days each month. The number of days reporting on-site will ultimately be determined by the employee's leadership and business unit needs. You will learn more throughout the hiring and on boarding process.

Posting End Date: 02/28/23

Job postings are subject to close early or extend out longer than the anticipated closing date at the hiring team’s discretion based on qualified applicant volume.