Lending compliance counsel (hybrid)

At TruStage, we’re on a mission to make a brighter financial future accessible to everyone. We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance and financial services solutions, we push the boundaries of what’s possible. We need you to help us shape what’s next. You’ll be encouraged to share your experiences, ideas and skills to help others take control of their financial future. Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition.

Job Purpose:

This role applies legal, regulatory, compliance, and financial services product expertise to support the design, maintenance, testing, and delivery of compliant Compliance Solutions products and solutions. The position researches and interprets federal and state legal and regulatory requirements, translates those requirements into clear product functionality, business rules, data requirements, documentation, and testing expectations, and helps ensure that products create legally enforceable instruments and support compliant use by banks, credit unions, fintechs, and other financial services clients.

Job Responsibilities:

• Assists in ensuring that Compliance Solutions content complies with federal laws and regulations, other governing authority requirements, and industry best practices, and that it creates enforceable legal instruments.
• Assists in ensuring that products and solutions meet or exceed the wants and needs of current and prospective clients and business partners.
• Assists in defining product functionality, including language, data, and software functionality, product/release documentation, and all business rules required by the market.
• Assists in identifying, creating and maintaining all required data including its structure and metadata, to drive compliant, warranted functionality of products that satisfies market needs and industry best practices.
• Assists in conducting product testing and review to evaluate changes and ensure development work conform to product requirements defined.
• Assists in providing support for both internal and external inquiries about assigned product matters.
• Assists in proactively educating internal staff, current and prospective business partners and clients on product design, upcoming product updates and development efforts, and industry trends.
• Participating in any product team initiative or special project(s), as needed.

Position Specific:

Under the direction of the Team Lead and/or Product Manager, with increasing autonomy, ensures that Compliance Solutions content complies with federal laws and regulations, other governing authority requirements, and industry best practices, and that it creates enforceable legal instruments. Research, analyze, and interpret applicable federal and state statutes, regulations, agency guidance, case law, enforcement trends, and industry best practices impacting Compliance Solutions products. Monitor legal and regulatory developments and assess their impact on product content, legal instruments, disclosures, business rules, calculations, data fields, workflows, documentation, and client-facing functionality.

Job Requirements:

• Law degree (required)
• Licensed to practice law (preferred)
• Generally, 5 plus years of (a) business principles, banking, legal and compliance knowledge directly related to the subject matters and products; (b) experience directly related to the financial industry (i.e., banks, CU, FinTech, etc.), banking exposure/regulatory knowledge; and overall work/practical experience and/or academic background.
• Familiarity or specific experience with one or more of the following preferred: consumer and commercial lending, mortgage lending, electronic banking, privacy, adverse action, disclosures, and financial institution compliance requirements, including laws and regulations such as TILA/Reg Z, RESPA/Reg X, ECOA/Reg B, FCRA, HMDA/Reg C, EFTA/Reg E, GLBA, UDAAP, BSA/AML, state lending and usury laws, and applicable CFPB, OCC, FDIC, Federal Reserve, NCUA, and state regulator guidance.
• Strong communication skills both verbal and written.
• Demonstrated ability to work as part of integrated teams in a fluid environment.
• The ability to manage details and multi-task in a fast-paced environment.
• The ability to develop long term close working relationship based on trust and respect.
• Strong analytical, creative thinking, interpretation, and problem-solving abilities.
• Proficiency in basic Microsoft™ programs (including Excel™).
• Excellent time management skills.

#LI-LT If you’re ready to help make a difference, apply today. A resume is required to apply. TruStage may process applicant information using an Artificial Intelligence (AI) tool. This tool automatically generates a screening score based on how well applicant information matches the requirements and qualifications for the position. TruStage recruiters use the screening score as a guide to further evaluate candidates; the score is one component of an application review and does not automatically determine whether a candidate moves forward. Candidates may choose to opt out of this process.

Compensation may vary based on the job level, your geographic work location, position incentive plan and exemption status. Base Salary Range: $99,800.00 - $149,700.00.

At TruStage, we believe a sound, inclusive benefits program is of vital importance, along with a flexible workplace that allows for work-life balance, career growth and retirement assistance. In addition to your base pay, your position may be eligible for an annual incentive (bonus) plan. Additional benefits available to eligible employees include medical, dental, vision, employee assistance program, life insurance, disability plans, parental leave, paid time off, 401k, and tuition reimbursement, just to name a few.

Beyond pay and benefits, we also recognize that flexibility, including working in a place you prefer, is essential to caring for our employees. We will continue to strive to offer flexibility and invest in technology and other tools that will make hybrid working normal rather than an exception, so that when “life happens,” you can focus on what’s most important.

Accommodation request TruStage is a place where everyone can bring their best self and thrive. If you need application or interview process accommodations, please contact the accessibility department. We’re on a mission to make a brighter financial future accessible to everyone. Dedicated to helping more people — in more ways — make confident financial decisions at every stage. And we’re committed to delivering on this belief, together. Creating opportunities beside our partners, members of our communities and our employees.