Senior Associate – Legal & Compliance

Roles and Responsibilities:

Manage bankruptcy portfolio including paperwork, status reports and documentation

Assist in regulatory audit and exam preparation and responses

Consumer complaints handling process, review of consumer complaints, draft complaints responses for direct and regulatory complaints.

Ensure the company's practices adhere to federal, state, and local regulations, especially those pertaining to credit lending and consumer finance. Stay updated on legislative changes and advise the company accordingly.

Review the contracts, credit agreements, loan documents, and other legal materials to ensure they comply with applicable laws and mitigate risks.

Provide support to partners in managing litigation matters, including working with internal counsel, preparing legal documents.

Identify legal risks associated with business activities and develop strategies to mitigate such risks. Provide proactive legal solutions to support business objectives.

Develop, review, and update internal policies and procedures to ensure compliance with current laws and industry best practices.

Conduct thorough legal research and analysis to inform decision-making and stay abreast of legal trends affecting the credit lending industry

Ensure proper documentation and record-keeping of all legal matters. Prepare reports and legal briefs for senior management.

Conduct account level reviews and root cause analysis related to consumer inquiries and business-based matters

Conduct audit and periodic reviews of department procedures to ensure compliance with federal and state laws and regulations

Ensures appropriate departmental compliance training is conducted and assists with preparation of in tracking analysis development and reporting

Assist in the review and preparation of reports regarding compliance operations and progress, quarterly and annual meeting materials

Performs a variety of duties as required by the position and/or assigned

Working knowledge of consumer laws and regulations

Qualification & Experience:

Bachelor's Degree in Law (LLB) Or A Masters Degree in Law (LLM) or relevant certifications

3-7 years of post-qualification legal experience within the financial services sector, particularly in credit lending, consumer finance, or a related area.

Regulatory Compliance experience is required

Demonstrated reasoning and critical thinking skills with the ability to define problems, collect data, establish facts, and draw valid conclusions in order to make recommendations to management

Must maintain confidentiality and exercise discretion in performing daily duties

Project management experience is necessary to work effectively in a high-pressure environment with time constraints

Exceptional legal drafting and negotiation skills.

Strong analytical and problem-solving abilities.

Excellent research and communication skills, both written and verbal.

Ability to manage multiple tasks effectively and work under pressure.

High level of integrity and professional ethics.

Proficiency in using legal research tools and software.

Strong attention to detail and organizational skills.

Must be proficient in Microsoft Office (Outlook, Word, Excel, PowerPoint etc.), Adobe, and possess other computer-related skills

Strategic thinking with the ability to provide practical solutions.

Excellent interpersonal skills for effective stakeholder management.

Ability to work independently and as part of a collaborative team.

Demonstrate leadership capability in mentoring and guiding junior legal professionals.

Nice to Have:

Consumer Lending Experience preferred

Certified Regulatory Compliance Manager (CRCM) certification is a plus but not required