Overview
The organization is seeking an experienced Consumer Lending Attorney to support a financial institution on an interim, flexible basis. The role begins part-time, with the ability to ramp up to full-time as business needs require.
This position involves providing practical, business-oriented legal advice in a highly regulated environment. The successful candidate will communicate complex legal issues clearly and efficiently, work independently while remaining closely connected with internal stakeholders, and respond promptly to time-sensitive needs.
Responsibilities
- Advise the business on legal and regulatory matters relating to consumer lending products and services.
- Provide guidance on applicable federal and state consumer financial services laws and regulations, including lending and consumer protection requirements.
- Review new and existing lending products, programs, policies, disclosures, and customer communications for legal and regulatory compliance.
- Draft, review, and revise consumer lending agreements, disclosures, notices, policies, procedures, and related documentation.
- Counsel business, product, operations, compliance, and risk teams regarding product development, implementation, and ongoing servicing matters.
- Advise on regulatory changes and assist with evaluating and implementing necessary changes to lending products and practices.
- Identify and assess legal and regulatory risks and provide practical recommendations that balance compliance requirements with business objectives.
- Support regulatory examinations, audits, complaints, remediation efforts, and other consumer lending matters as needed.
- Maintain timely, proactive communication with stakeholders and respond promptly to questions, requests, and time-sensitive business needs.
- Collaborate effectively with internal stakeholders and outside counsel on complex or specialized consumer finance issues.
Qualifications
- J.D. from an accredited law school and active membership in good standing with at least one U.S. state bar.
- At least 5 years of experience advising on consumer lending and consumer financial services, preferably within a bank, credit union, fintech, other financial institution, or a law firm with a strong consumer finance practice.
- Strong knowledge of federal and state laws and regulations governing consumer lending.
- Experience advising on the development, documentation, compliance, and/or servicing of consumer lending products.
- Highly responsive and dependable, with a demonstrated ability to manage time-sensitive requests and keep stakeholders informed.
- Excellent written and verbal communication skills, including the ability to explain complex legal and regulatory issues in clear, practical terms to non-lawyers.
- Strong drafting and analytical skills.
- Ability to quickly assess legal and regulatory issues and provide practical, business-oriented guidance.
- Comfortable operating independently in a fast-paced environment while maintaining strong communication and collaboration with business, compliance, risk, and senior leadership teams.
Preferred Qualifications
- Experience advising within a bank, credit union, fintech, other financial institution, or a law firm with a strong consumer finance practice.
Compensation & Benefits
- Pay: The annualized pay for this position ranges from $175,000 to $225,000 when calculated on a full-time basis.
- Pay for contract engagements is based on multiple factors including but not limited to work experience, qualifications, credentials, location, market supply/demand, and the candidate’s preference (each candidate’s pay rate affects the client bill rate which can affect the candidate’s competitiveness for the position).
- Professional liability insurance coverage for all contract professionals.
- Generally W2 employees and eligible for full benefits when working in roles for 20 hours per week.
- Benefits-eligible contract professionals receive complimentary Group Life, LTD and AD&D.
- A qualified 401k plan is available.
- Benefits-eligible attorneys receive a CLE and Professional Expense stipend.
Location
- Remote from anywhere.
- Candidates seeking permanent conversion must be located in or willing to relocate to Portland, Oregon.
Position Details
- Type of role: Engagement role
- Schedule: Part-time initially, with the ability to increase to full-time based on business needs.
Confidentiality
- The organization will not disclose your identity or propose you to prospective clients without your prior consent.
- Candidates selected for further consideration will be contacted.