1+ months

Legal and Compliance Counsel

Local Government Federal Credit Union
Raleigh, NC 27603
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Legal and Compliance Counsel

About the Position

Under the general direction of the VP of Legal and Compliance, the Legal and Compliance Counsel participates in the development of the overall legal and compliance strategy for the Credit Union, including, but not limited to: recommending, implementing and administering Credit Union policies and procedures; drafting, reviewing and negotiating software licenses and vendor contracts; providing guidance on loan closings, collections, bankruptcy and the associated regulations; ensuring business units' compliance with applicable laws and regulations; and developing objectives to help maximize the safety and soundness of Credit Union products, services, and activities. This role is also key in identifying, assessing and advising management on the mitigation of various legal and reputational risks that may arise during the implementation of existing as well as new Credit Union strategic goals and initiatives.

Normal Day-to-Day Work
  1. Monitor, review and evaluate compliance issues/concerns within the Credit Union to ensure they are being appropriately investigated and resolved.
  2. Draft, review and negotiate transactional documents, including contracts for service, settlement agreements and licensing agreements, among others.
  3. Analyze and provide recommendations to the SVP of Legal and Compliance and Executive Management on the legal and reputational risks of potential strategic initiatives and goals.
  4. Assist with the closing of various lending transactions including reviewing required due diligence, filing security interests relating to existing and new loan customers, drafting loan documentation and correspondence, filing various documents with governing agencies, and otherwise assisting business units as needed.
  5. Provide guidance on pending and potential litigation including but not limited to debt collection, bankruptcy filings and other claims brought against the credit union.
  6. Develop working knowledge of significant credit union compliance matters and rules and regulations governing data security and consumer privacy.
  7. Provide legal oversight of issues related to the Credit Union's risk management and vendor due diligence programs. Where appropriate, develop solutions to help mitigate identified risks.
  8. Bring general legal issues and concerns to the attention of the VP of Legal and Compliance and, where appropriate, Senior Management.
  9. Work with departments to assess the compliance implications resulting from changes made to policies, processes and procedures. Assist with the development of new policies and procedures where needed.
  10. Serve as a resource for staff's general legal and compliance questions and concerns.
  11. Keep abreast of, monitor and analyze developing trends and changes in regulatory compliance laws, rules and regulations, and assist in the determination of operational impacts and the development of implementation plans.
  12. Perform other legal, compliance and risk management work as assigned by the VP of Legal and Compliance.

Job Qualifications

Here are a few skills you MUST have to be considered for this position.
  1. J.D. degree from an accredited law school and licensed to practice law in the State of North Carolina, a minimum of 3 years of related legal experience in a law firm, business or non-profit organization.
  2. NAFCU Certified Compliance Officer designation or obtain within 1 year of hire.
  3. Excellent analytical skills and ability to conduct thorough research, interpret and understand laws, regulations, risk management standards and best practices, and provide workable recommendations and solutions.
  4. Ability to communicate clearly, concisely and professionally both orally and in writing with all levels of staff and management and maintain a high degree of confidentiality.
  5. Strong initiative with ability to work with minimal supervision and on multiple tasks simultaneously.
  6. Ability to function in a Consumer business office environment and utilize standard office equipment including but not limited to: PC, copier, telephone, etc.
  7. Ability to lift a minimum of 25 lbs. (file boxes, computer printer).
  8. Travel required on occasion.

Here are a few qualifications we'd LIKE you to have to make you more suited for this position.
  1. General knowledge of and/or practical experience with the operations of financial institutions, their products and services.
  2. General knowledge and understanding of the laws and regulations governing credit unions.

About the LGFCU Culture

If you are working here, or considering working here, you should know a little something about the LGFCU culture. We are a workplace that highly values the contributions of a diverse group of people. We believe if we put our heads and hands together, we can accomplish amazing feats for our members. To this end, we recruit bright, energetic and talented people to be members of our team. In return, we offer a dynamic work place that presents opportunities for advancement and learning new skills. We really believe that when our employees succeed, members win.

If you have questions about this position description, please feel welcome to ask. You can reach our HR at:

LGFCU Human Resources

323 West Jones Street, Suite 600

Raleigh, NC 27603



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Jobs Rated Reports for Compliance Officer

Posted: 2020-07-26 Expires: 2022-09-28
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Legal and Compliance Counsel

Local Government Federal Credit Union
Raleigh, NC 27603

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Compliance Officer
23rd2019 - Compliance Officer
Overall Rating: 23/199
Median Salary: $67,870

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