Senior Counsel, Bank and Broker Dealer Regulatory
Who we are:
Shape a brighter financial future with us.
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We’re a next-generation fintech company using innovative, mobile-first technology to help our millions of members reach their goals. The industry is going through an unprecedented transformation, and we’re at the forefront. We’re proud to come to work every day knowing that what we do has a direct impact on people’s lives, with our core values guiding us every step of the way. Join us to invest in yourself, your career, and the financial world.
SoFi is seeking an attorney with a strong background in financial regulatory experience, with a focus on bank and broker-dealer regulatory issues, to serve as Senior Regulatory Counsel reporting to our Associate General Counsel. The ideal candidate has a strong financial regulatory background, either in a federal regulatory agency, in-house or serving as outside counsel. The candidate will also assist with general contract review.
What you’ll do:
Analyze laws and regulations applicable to bank holding companies, national banks and broker-dealers, advise the company regarding the impact of proposed and new regulations, interact with regulators, and work with business counsel and compliance across multiple functional areas throughout the company
Advise on all matters pertaining to bank and broker-dealer supervision, including safety & soundness and regulatory compliance examinations, and preparing and communicating management responses to related reports of examinations, supervisory letters, etc
Advise on critical regulatory processes including the examination lifecycle, remediation and clearance of examination findings, and ad hoc regulatory requests
Prepare, file, track, and manage all regulatory applications and notices
Research and evaluate banking laws and regulations, guidance, interpretive letters, opinions, etc. in the context of assessing risk factors regarding business decisions, operations, and prepare corporate policies and practices
What you’ll need:
You should be an intellectually curious self-starter with strong written and oral communication skills
JD from an accredited law school
Member of the applicable bar
Minimum of 4 years financial services and regulatory experience
Experience in U.S. bank regulatory law, including (but not limited to) the Bank Holding Company Act, the Federal Reserve Act and the National Bank Act, and regulations issued thereunder by the federal banking agencies.
Experience or willingness to learn broker-dealer regulatory issues.
Experience in the bank or broker dealer regulatory practice of a major law firm, a major financial institution, or federal banking agency.
Familiarity with current regulatory and risk management topics in banking and financial services, including expertise in banking and broker-dealer law and risk management related matters and demonstrated knowledge of applicable regulations and supervisory expectations
Nice to have:
Experience with consumer financial services laws.
Prior in-house experience
Experience with FINRA rules