Regulatory Change Attorney - Legal Regulatory Group

About the position At U.S. Bank, we’re passionate about helping customers and communities where we live and work. The fifth-largest bank in the United States, we’re one of the country’s most respected, innovative, and successful financial institutions. We are committed to our purpose: we invest our hearts and minds to power human potential. Successful candidates for positions in the U.S. Bank Law Division consistently provide excellent advice and guidance to clients and colleagues on a variety of legal matters. They build trusting relationships that allow the business lines to make well-informed decisions. They work to attract, retain, and develop great people in an inclusive environment where each person is valued for the distinct skills and attributes they bring to the group. And they contribute to the excellence of the Law Division through meaningful collaboration, participation in the community, and investment in the development of the department. The U.S. Bank Law Department is seeking an attorney to join its Legal Regulatory Group (LRG) to provide legal advice on a broad array of federal and state law and regulations. The attorney will support the regulatory change process by interpreting legal and regulatory proposed and final changes, providing advocacy guidance, interpreting final legal and regulatory requirements, drafting summaries explaining the legal and regulatory changes for use by internal partners, such as compliance and business lines, and providing legal advice and interpretive guidance for projects implementing the legal and regulatory changes. The successful candidate will be able to work collaboratively and develop strong working relationships with partners across multiple lines of business, compliance, risk, and the Law Division.

Responsibilities

• Interpret and analyze federal and state statutes and regulations applicable to the company.
• Advise business lines, compliance, and other stakeholders on requirements of federal and state statutes and regulations, including newly adopted legal requirements to be implemented.
• Communicate effectively through written product, meetings, and projects to provide an understanding of legal and regulatory requirements related to changes in laws or regulations.
• Assist compliance with integration of legal and regulatory requirements into oversight framework and implementation projects.
• Build strong relationships with business lines, compliance, Law Division members, and other U.S. Bank internal stakeholders.

Requirements

• Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority

Nice-to-haves

• At least 5 years of relevant work experience, in private practice, as a member of an in-house legal department, or as an attorney with a regulatory agency
• Familiarity with federal and state laws and regulations applicable to banking organizations
• Familiarity with or an interest in laws and regulations addressing new and advancing technologies, including AI and digital assets
• Ability to exercise independent judgment and discretion
• Strong oral and written communication skills
• Ability to build relationships with and interact effectively with business lines, compliance, and other internal partners
• Ability to manage multiple priorities and ensure completion of deadlines are met

Benefits

• Healthcare (medical, dental, vision)
• Basic term and optional term life insurance
• Short-term and long-term disability
• Pregnancy disability and parental leave
• 401(k) and employer-funded retirement plan
• Paid vacation (from two to five weeks depending on salary grade and tenure)
• Up to 11 paid holiday opportunities
• Adoption assistance
• Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law

Apply tot his job Apply To this Job