Associate General Counsel General Summary:
Under the direction of the General Counsel, this position provides legal advice and counsel to the Bank's business units and Board of Directors in order to support Bank operations and objectives while minimizing legal, regulatory and compliance risk.
The Assistant General Counsel provides advice and counsel to FHLBank leadership, managers, and subject matter experts on legal matters, researches and performs legal analysis, and writes legal opinions and memoranda on issues affecting FHLBank. With respect to individual assignments, the attorney will work independently and with limited supervision by the General Counsel or her designee. The Assistant General Counsel is responsible for meeting the performance requirements, deadlines and standards established for these assignments by the client and the assigning department attorney(s).
Principal Duties and Responsibilities:
- Provide expert legal advice and counsel to Bank leadership, business managers, and subject matter experts. The attorney handles complex and sensitive legal matters within the attorney's assigned areas.
- Anticipate legal and business issues within the attorney's assigned areas and identify proactive solutions that will eliminate or mitigate risks to Bank. Researches, performs legal analysis, and writes legal opinions and memoranda on issues affecting the Bank.
- Maintain close working relationship with the legal departments of the other Federal Home Loan Banks to initiate or assist in the development of System-wide legal policy.Coordinate System responses to proposed rules or other guidance with other FHLBank legal departments as directed.
- Draft, review and revise contracts of all types, including information technology, credit, security and derivatives agreements.
- Identify and monitor statutes, regulation, and other guidance that affects the Bank, its business, and its members. Prepare legal analysis and interpretation of the changing law and guidance, and assist Enterprise Risk Management to identify gaps within Bank compliance, if any.
- Consult with Bank managers in drafting policies, procedures, or other documents to ensure conformity with sound legal principles and protect the interest of the Bank.
- Participate in development of new products and initiatives of all departments; participate in Bank management committees and taskforces for assessing, developing, and implementing processes or products which have Bank wide impact.
- Consult with outside legal counsel and monitor the effectiveness of service provided.
- Ensures legal compliance with applicable policies, procedures and regulations to ensure safe and sound business operations.
- Effectively communicate with non-lawyer clients.
- Performs additional duties and special projects as assigned in a timely, accurate manner.
Minimum Knowledge, Skills and Abilities Required:
- Basic qualifications require a bachelor's degree from an accredited college and a Juris Doctorate from an accredited institution. Admitted to practice before a U.S. state bar association in Ohio, Kentucky or Tennessee is required.
- Five or more years of progressively responsible legal experience.
- In-depth knowledge/Subject Matter Expert of at least 2 areas of the Bank and legal principles that are applicable to those areas: banking (including secured lending, regulatory compliance, or collateral), commercial transactions (including complex contracting), general corporate and governance (e.g., board governance, Human Relations law, general disclosures and SEC reporting), capital markets, privacy and data mgmt., financial services and/or financial institutions.
- Solid knowledge of real estate, financial analysis, economics, accounting principles and financial statements.
- Works independently with limited management oversight.
- Ability to lead projects to completion and to organize and effectively prioritize work including managing multiple projects and tasks effectively.
- Understanding of or experience working in a regulated industry (banking, mortgage banking, real estate or financial services insurance) is required.
- Demonstrates interests in working with a variety of backgrounds and perspectives that align with the Bank's core value. Promotes an environment of empathy and respect to ensure the inclusion of all team members.
Working Conditions:
Normal office environment with flexibility to meet changing deadlines. Employee in this position may travel periodically for work related activities, but it is not a regular part of the job.
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