We're looking for a candidate to fill this position in an
Plans, designs, implements, and manages the organization’s
formal, written compliance program, which includes board oversight,
policies and procedures, regulatory change management, a formal
training program, transaction testing and monitoring, prompt
handling of consumer complaints, vendor management
and monitoring of the program.
Provides guidance on risks resulting from violations of legal,
regulatory, or contractual obligations and conformance with the
organization’s policies and procedures involving legal and
Works closely with the board of directors, ELT, the enterprise
risk management committee, the enterprise risk management team and
the internal audit team to develop an effective and aligned
Defines compliance risk data and implements a data-driven
strategy for managing legal and compliance risk.
Responsible for, and regularly reports to the board of directors
on the effectiveness of the organization’s regulatory compliance
Oversees the creation and administration of the organization’s
vendor management program.
Manages the development and maintenance of the organization’s
Serves as primary legal counsel to the organization’s Rural
Living Solutions division and to other business units on regulatory
Maintains significant subject-matter expertise in the law of
consumer lending, including the Truth in Lending Act, RESPA, and
Regulation Z; the Home Mortgage Disclosure Act and Regulation C;
Fair Credit Reporting Act and Regulation V; the Equal Credit
Opportunity Act and Regulation B; SAFE Act; UDAAP; federal laws and
regulations affecting correspondent lending and mortgage loan
brokering; and regulatory compliance management.
Monitors, researches, analyzes and provides advice on existing
and proposed industry trends, regulatory compliance, new laws and
policies and their impact on the organization. Drafts legal
opinions on complex areas of law pertinent to the organization.
Bachelor’s degree and a JD from an American Bar Association
accredited law school.
Ability to obtain a professional license to practice law in
Minnesota, Wisconsin or Illinois.
10+ years of experience in a law firm or corporate law
department, providing legal advice to a bank or non-bank lender.
Consumer financial services experience strongly preferred.
Three to five years of leadership experience preferred.
Knowledge of federal, state and local laws and regulations
affecting legal and compliance issues within the financial industry
and relevant to company.
Experience in the following areas is preferred: Truth in Leding
Act, RESPA, and Regulation Z
Home Mortgage Disclosure Act and Regulation C
Fair Credit Reporting Act and Regulation V
Equal Credit Opportunity Act and Regulation B
Federal laws and regulations affecting correpsondent lending and
mortgage loan brokering
Regulatory compliance management
Skill in applying legal principles to individual cases and
Leadership skills to select, evaluate, engage, motivate, mentor,
train, delegate, reward and lead remote team members.
Analytical, critical thinking and decision-making skills.
High level of integrity.
Flexibility in a fast-changing environment.
Strong interpersonal skills to establish and maintain effective
working relationships with others using tact, courtesy and good
Presentation, negotiation, influencing and organizational
Strong oral and written communication skills to effectively
communicate complex topics to a variety of audiences and to write
legal contracts and documents.
Strong computer skills including MS Office applications,
software programs to originate and service loans and leases, and
legal research sites.
Creative problem-solving ability.
Ability to remain objective in balancing business needs and