Do you want to be a leader in your field at the Consumer Financial Protection Bureau (CFPB) - a groundbreaking organization solely devoted to the economic strength and vitality of American Families? Do you want to play an important role in making consumer financial markets work for all American families? Do you want to challenge yourself and others? If you answer "Yes", then we have a career for you! CFPB professionals have unparalleled opportunities to expand horizons for themselves and for the nation. Be one of the founding members of an agency that will make a difference in the lives of everyday American families!
This position is located in the Consumer Financial Protection Bureau (CFPB), Office of Supervision Policy, Division of Supervision, Fair Lending and Enforcement. As an Attorney-Advisor, you will provide policy and legal advice to the Deputy Assistant Director of the Office of Supervision Policy and serve as a subject matter expert on consumer financial protection laws on one or more consumer financial products/services industries including for example, student loan servicing, debt collection, credit reporting and other similar products/industries. You will also be responsible for working closely with a team of attorneys, analysts, and CFPB's regional supervision team.
The major duties of this position include:
- Analyzing law and policy issues applicable to large banks or non-bank financial institutions under the CFPB’s jurisdictions to provide the foundation for the large bank or non-bank supervisory program, including new registration systems and rulemaking. Recommending legal tools available to address legal, regulatory, supervision and enforcement issues. Determining and recommending legal or regulatory solutions designed to comply with CFPB strategies, policies and goals.
- Providing oral and written legal advice with respect to CFPB’s supervisory and examination authorities regarding large banks and non-bank institutions, and concerning these institutions’ compliance with statutory and regulatory requirements. Drafting policies and procedures for the conduct of compliance examinations of large banks or non-bank financial institutions under CFPB’s examination jurisdiction. Interfacing with the Enforcement Division and the Office of General Counsel regarding legal issues raised by the non-bank supervision program.
- Assisting in the planning and implementation of the supervision of large banks or non-bank financial institutions, including review of examiner reports to determine legal compliance. Analyzing the methods and levels of compliance, and determines the impacts on the non-bank financial institutions and users of these institutions. Assessing legal implications from both the consumer and business perspective, and recommends legal solutions designed to fulfill CFPB’s mandates of regulatory simplification, reduction of regulatory duplication, and minimizing regulatory burden on both financial institutions and consumers.
- Monitoring legal developments relating to large banks or non-bank financial institutions to inform CFPB’s enforcement, supervision and research opportunities and policy initiatives.
Performs other duties as assigned.