Managing Counsel, Enforcement - DCCA at Federal Reserve Board of Governors in Washington, Washington DC

Job Description:

Minimum Education

Juris doctor

Minimum Experience

6

Summary

Serves as a Board legal authority and representative for consumer protection issues. Provides legal and subject matter expertise for case management (including managing individual cases from beginning to resolution) and policy development related to consumer compliance examinations, consumer complaint investigations and applications analysis. Provides leadership within the System and among federal agencies having consumer protection responsibilities. Manages the operations of a Section including managing and developing the staff assigned to the Section.

Duties and Responsibilities

• Provides legal and policy expertise and guidance for complex and sensitive consumer protection issues. Areas of legal expertise may include unfair or deceptive acts or practices, prohibited by Section 5 of the Federal Trade Commission Act and the Dodd- Frank Act, or fair lending discrimination, prohibited by the Fair Housing Act and the Equal Credit Opportunity Act. Provides legal expertise and oversees complex analyses involving consumer compliance examinations, consumer complaint investigations, and bank/bank holding company applications case reviews.


• Manages cases, from beginning to resolution, involving staff from C&CA, as well as staff from other Board Divisions, Reserve Banks, and other federal enforcement agencies, as appropriate. Makes well-reasoned enforcement and referral recommendations to Assistant Director


• Researches and analyzes existing and proposed legislation, statutes and regulations relating to consumer protection. To ensure effective implementation of legal and regulatory requirements, develops legal interpretations and makes recommendations related to existing case processing and enforcement policies to the Assistant Director.


• Prepares Congressional testimony, talking points and speeches related to consumer protection for delivery by a Board member or senior Board management.


• Represents the Division and the Board before other agencies, the public, consumer advocacy groups and members of the industry. Makes presentations to the Board, interagency groups and external audiences related to consumer protection enforcement.


• Assumes leadership role among federal financial supervisory agencies and other federal and state agencies to facilitate effective coordination in consumer protection policies, programs and activities.


• Participates in developing and conducting training programs for Division staff, the System's examiners and other relevant staff.


• Reviews Board publications prior to finalization to ensure consumer protection enforcement issues are appropriately represented. Reviews correspondence that requires legal expertise or that addresses legal issues with respect to the Board's consumer protection policy and enforcement posture and prepares well-written responses.


• Leads, motivates and coaches staff. Conducts staff performance evaluations and develops and implements the training development plans for staff. Develops section objectives, makes hiring and budget recommendations, and establishes priority of work. Actively participates in Division's strategic planning.

The key responsibilities of the Managing Counsel for Fair Lending Enforcement include:

• Leading the Fair Lending Enforcement Section comprised of attorneys, economists, analysts and data scientists.
• Managing fair lending supervision and enforcement matters involving staff from the C&CA Division and Reserve Banks. This includes making well-reasoned supervision, enforcement, and referral recommendations to the Assistant Director.
• Providing Equal Credit Opportunity Act and Fair Housing Act legal and policy expertise in connection with such activities as Board speeches, congressional testimonies, supervisory policy, consumer compliance examination process, consumer complaint investigations, and bank/bank holding company applications case reviews.
• Researching and analyzing existing and proposed legislation, statutes, regulations, case law, guidance, studies, reports, and industry developments relating to fair lending.
• Representing the Division and the Board before other agencies, the public, consumer advocacy groups, members of the industry, and the Federal Reserve System. This includes making presentations to the Board, Reserve Banks, interagency groups and external audiences related to fair lending supervision and enforcement.
• Assuming a leadership role among federal financial supervisory agencies and other federal and state agencies to facilitate effective coordination in fair lending policies, programs and activities.
• Participating in developing and conducting fair lending training programs for Division staff, the System's examiners and other relevant staff.

This position also requires:

• Possession of or the ability to obtain necessary security clearances.
• Completion of a Juris Doctor (J.D.) degree and active membership in a State Bar.
• Six years of specific experience with expertise in consumer protection and/or civil rights law and enforcement related to financial services.
• Ability to provide legal expertise in compliance examinations or banking supervision.
• Ability to direct complex legal analysis (including statistical analysis, where appropriate) regarding potential consumer protection and/or civil rights violations.
• Please include a resume, cover letter, and brief writing sample (less than 10pp.) in your profile prior to submitting your application.

The Division of Consumer and Community Affairs (DCCA) has resumed an in-office presence. Our flexible hybrid work environment requires employees to be physically present in the office a minimum of 4 days per month. This includes a monthly connection day (on a Wednesday). On occasion, DCCA employees may be expected to be physically present in the office more than 4 days per month, as required by business needs, but can work remotely the remaining days.

Apply Now