Legal Assistant/Attorney (Monetary Affairs and Payment Systems - LEGAL) - R024875

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 25

Compensation Grade High: : FR PAY GRADE 25

Minimum Salary: : $107,000.00

Maximum Salary: : $170,000.00

Posting Date : Nov 21, 2024

Minimum Education

Juris doctor

Minimum Experience

0

Summary

The entry level attorney is expected to have a superior academic record from a law school recognized as offering a strong academic program.  The entry level Legal Assistant/Attorney assists other Division attorneys by performing research and drafting correspondence and memoranda.

*Admission to a recognized bar must be obtained within 14 months after appointment.  Title of Legal Assistant will be used until notification of bar admission.

Duties and Responsibilities

1. Performs legal research in support of more experienced attorneys.  Includes complex merger and acquisition transactions involving consideration of federal and state banking law, securities and antitrust law, corporate and accounting issues, international financial matters, litigation in which the Board is a party or has an interest, and enforcement actions against financial institutions and directors, which require the ability to identify and suggest resolutions to difficult business and legal issues.

2.  Prepares draft memoranda and correspondence on matters for which there is clear precedent, matters requiring extensive legal research to identify issues, propose resolutions, and construct alternate arguments.

3.  Responds to inquiries (from Board staff, Reserve Bank staff, other regulatory agencies, financial institutions, and the public) relating to the interpretation of banking law and other regulatory matters which are fairly clear cut.

4.  Renders preliminary determinations under the Government in the Sunshine Act.  Applies the requirements of the Act to determinations as to whether Board agenda items should be considered at a Board meeting open (or closed) to the public.

5.  Reviews paralegal work responding to Freedom of Information Act requests.

Requirements for FR-25
Requires a law degree and bar membership* as well as demonstrated analytical ability and strong oral and written communications skills.
*Admission to a recognized bar must be obtained within 14 months after appointment.
 
About the Job
The Monetary Affairs and Payment Systems group of the Board’s Legal Division is hiring an entry level Attorney. Applicants are currently a 3L (graduating class of 2025). Applicant must be able to start no later than Fall 2025.
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. In addition:
·         Admission to a recognized bar must be obtained within 14 months after appointment.
·         U.S. citizenship required. 
·         Resume, transcript and writing sample required at the time of application submission.
·         Successful completion of background check required.