Attorney (Monetary Affairs and Payment Systems - LEGAL) - R024989

Primary Location : DC-Washington

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Employee Status : Regular

Overtime Status : Exempt

Job Type : Standard

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Relocation Provided: : Yes

Compensation Grade Low: : FR PAY GRADE 26

Compensation Grade High: : FR PAY GRADE 28

Minimum Salary: : $127,300.00

Maximum Salary: : $273,700.00

Posting Date : Jan 7, 2025

Minimum Education

Juris doctor

Minimum Experience

1

Summary

Handles assignments in one or more of the following areas: Banking Regulation and Policy; Monetary and Consumer Affairs; Litigation, Enforcement, and System Matters. Drafts memoranda to the Board, orders, staff opinion letters, legislative and regulatory proposals, etc. Furnishes legal opinions and advice and responds to System and public inquiries concerning Federal statutes, interpretations and opinions concerning the supervision and regulation of banks, regulatory responsibilities of the Board, Reserve Bank matters, etc. Makes oral presentations at Board meetings. Performs more difficult assignments at this level, receives general supervision and direction from more experienced attorneys, and works with senior staff to prepare Board presentations and draft regulatory proposals.
 

Duties and Responsibilities

• Provides legal advice to the Board and clients such as officers and staff members of other Board divisions, relating to the operational and regulatory responsibilities of the Board and the Federal Reserve Banks.
• Engages extensively in legal research and writing, identifying legal issues, proposing resolutions, constructing alternate arguments and solutions, and assisting senior reviewers and Division officers in final resolution of issues. May review the work product of more junior Attorneys.
• Prepares legal memoranda to the Board, presenting analysis of legal issues and proposing alternate courses of action. Drafts regulations implementing Board policy or new legislation. Assists in drafting testimony for Board members and officers to present before Congressional committees. Prepares other legal documents, including letters for the signature of Board members, interpretations of general applicability to be published in the Federal Register and special studies required by law or requested by Congressional committees.
• Drafts items for consideration at Board meetings.
• Provides explanations and advice in response to inquiries from Board members and other System clients, other federal and state agencies, members of Congress and Congressional staff, private counsel, and the public, concerning federal statutes, regulations and interpretations regarding the regulation and supervision of, and business transactions involving, banking organizations.
• Analyzes proposals presented to the Board, including complex merger and acquisition transactions, involving consideration of federal and state banking law, securities and antitrust law, and corporate and accounting issues.
• Prepares documentation for and research legal issues related to bilateral and multilateral bridge loans in consultation and coordination with other agencies, international organizations, foreign central banks, and counsel representing debtor countries.
• Handles all aspects of appellate and trial court litigation, including researching and drafting appellate briefs and pleadings, preparing administrative records, negotiating agreements with opposing counsel, and advising and coordinating with counsel for patties supporting the Board's action with respect to litigation strategy. Presents Oral Arguments Before Appellate Courts.
• Assists in the initiation and prosecution of administrative enforcement actions against bank holding companies and state member banks, and officers and directors thereof, in cease and desist, civil money penalty, and removal actions; participates in advising the Board with respect to final actions required on cases prosecuted before an administrative law judge; and assists in defending the Board in court proceedings challenging decisions in such actions.
• Reviews paralegal work responding to Freedom of Information Act requests.

Requirements for FR-26
Successful candidate will have at least one year of experience as a practicing attorney in private practice or government agency with developing skills and expertise in banking law or other areas of law related to the Board’s responsibilities and general knowledge of financial institution supervision and regulation. Requires law degree as well as demonstrated analytical ability and strong oral and written communications skills. 
Requirements for FR-27
Successful candidate will have at least two years of experience as a practicing attorney in private practice or government agency with developing skills and expertise in banking law or other areas of law related to the Board’s responsibilities and general knowledge of financial institution supervision and regulation. Requires law degree as well as demonstrated analytical ability and strong oral and written communications skills. 
Requirements for FR-28
Successful candidate will have at least six years of experience as a practicing attorney in private practice or government agency with developing skills and expertise in banking law or other areas of law related to the Board’s responsibilities and general knowledge of financial institution supervision and regulation. Requires law degree as well as demonstrated analytical ability and strong oral and written communications skills. 
 
In addition, for all FR grades:
·         Bar membership and U.S. citizenship is required.
·         A writing sample may be required at the time of application submission.
·         Successful completion of background check required.
 
About the Job:
The Monetary Affairs and Payment Systems group of the Board’s Legal Division is hiring a junior level Attorney. Attorneys in the MAPS group perform legal research in support of more experienced attorneys. Projects include legal analyses, rulemakings, and other matters related to:
 
·         Payment systems (including payment cards, wire, check, instant payments, and ACH).
·         Financial market utilities.
·         Federal Reserve Bank operations. 
·         New financial technologies.
 
Successful candidate must demonstrate excellent oral and written communication skills, strong analytic and interpersonal skills, personal initiative, and adaptability in working across legal disciplines.