This position is responsible for acting as counsel in legal matters arising from all aspects of the Bank's activities, with particular focus on legal and policy matters related to bank supervision and regulation, financial stability, and systemic risk.
- Analyze, conduct research, and otherwise assist in developing the Bank's or the System's position on legal and policy matters in the areas of (i) bank supervision, regulation, & credit (SRC); (ii) financial stability; and (iii) systemic risk.
- Provide advice to Bank officers and senior staff on legal and policy matters related to specified areas of responsibility.
- Work with Board legal or other appropriate Board or Federal Reserve staff on SRC, financially stability, or legal matters.
- Review various types of banking applications (e.g.. bank holding company, merger, membership), and participate in Bank or Board of Governors meetings with outside counsel to discuss activities of banks and financial institutions.
- Maintain contact with attorneys at, and serve as a liaison to, other agencies regarding matters and policy related to SRC, financial stability, and systemic risk.
- Represent the Bank at key meetings or agency proceedings in areas of responsibility/expertise.
- Respond to inquiries from public and legal professionals, and speak publicly, on matters/areas of responsibility.
- Serve as in-house counsel to other departments or areas in the Bank as may be assigned/requested from time to time.
- Perform other duties as assigned.
- This position is not required to directly supervise others. The incumbent may be requested from time to time to supervise an intern or a member of the Legal Department`s support personnel.
Knowledge and Experience;
- Knowledge and experience normally acquired through, or equivalent to, the completion of a Juris Doctor degree, admission to the Massachusetts Bar, and a minimum of 5-8 years of relevant banking/financial institution law experience required.
- Experience in some of the following areas or products strongly preferred: banking law or regulation, securities law or regulation, foreign banking activities, insurance, hedge funds, derivatives, private equity investments, capital, and/or bankruptcy.
- General in-house corporate law or agency experience could be a plus.
- This position also requires applicable licensing, certification and/or registration.
- The duties of this position require access to sensitive confidential supervisory information and/or work supporting the Bank`s role as fiscal agent to the U.S. Treasury.
- Accordingly, under applicable federal regulations and a U.S. Treasury directive, U.S. citizenship is required.
All employees assigned to this position will be subject to FBI fingerprint/ criminal background and Patriot Act/ Office of Foreign Assets Control (OFAC) watch list checks at least once every five years. The above statements are intended to describe the general nature and level of work required of this position. They are not intended to be an exhaustive list of all duties, responsibilities or skills associated with this position or the personnel so classified. While this job description is intended to be an accurate reflection of this position, management reserves the right to revise this or any job description at its discretion at any time.
As a condition of employment, Federal Reserve Bank of Boston employees must comply with ethics rules which generally prohibit employees, their spouses, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse or minor child own such securities, and would not be willing or able to divest them if you accepted an offer of employment, you should raise this issue with the recruiter for this posting, who can provide you contact information if necessary.