Handles assignments within the Banking Regulation and Policy group. Drafts memoranda to the Board, orders, staff opinion letters, legislative and regulatory proposals, court pleadings etc. Furnishes legal opinions and advice and responds to System and public inquiries concerning Federal statues, interpretations and opinions concerning the supervision and regulation of banks, regulatory responsibilities of the Board, Reserve Bank matters, etc.
- Successful candidate will have four to six years of work experience as a practicing attorney and extensive 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.
- The ideal candidate has an excellent academic record and very strong analytic and writing skills.
- Bar membership and U.S. citizenship are required.
Attorneys in the Legal Division advise the Board of Governors, the General Counsel, and other Federal Reserve staff on a variety of legal and policy issues related to the regulation and supervision of banks, bank holding companies, savings and loan holdings companies, and foreign banks.
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 regulatory authority.