Overview

Duties

Summary

This position is located in the Consumer Financial Protection Bureau, Division of Supervision, Fair Lending & Enforcement, Office of Supervision Policy.

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Responsibilities

As an Attorney-Advisor, you will:

  • Analyze law and policy issues applicable to large banks and nonbank financial institutions under the CFPB’s supervisory authority. Recommend legal tools available to address legal, regulatory, supervisory and enforcement issues. Determine and recommend legal or regulatory solutions designed to comply with CFPB strategies, policies and goals..
  • Provide oral and written legal advice with respect to CFPB’s supervisory and examination authorities regarding large banks and nonbank institutions, and concerning these institutions’ compliance with statutory and regulatory requirements. Draft policies and procedures for the conduct of compliance examinations of large banks or nonbank financial institutions under CFPB’s examination jurisdiction. Interface with the Offices of Enforcement, the Legal Division, and the Office of Regulations regarding legal issues raised by the supervision program.
  • Assist in the planning and implementation of the supervision of large banks and nonbank financial institutions, including review of examiner reports to determine legal compliance. Analyze the methods and levels of compliance. Assess legal implications from both the consumer and business perspective, and recommend 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.
  • Monitor legal and market-related developments relating to large banks or nonbank financial institutions to inform CFPB’s supervision strategy and policy initiatives.
  • Be consulted by, and deal directly with, officials at all levels of the Bureau, as well as officials at other Federal departments and agencies, and Congressional offices on legal issues relating to the supervision of large banks and non-bank financial institutions. The incumbent represents the office in meetings with agency officials and represents CFPB in interagency and Congressional meetings and in conferences with consumer and industry groups and other interested parties.

Travel Required

Occasional travel – 1-5 days per month.


Supervisory status

No


Promotion Potential

53


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