Senior Counsel – Regulatory Affairs
At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. Based in Washington, D.C., the Regulatory Counsel (Senior Counsel) will work in the Legal Department, reporting to the Deputy General Counsel, Regulatory Affairs, as a member of the Regulatory Affairs Legal team. This role will provide bank regulatory advice within PNC.
• Providing bank regulatory legal counsel on a wide array of statutes and regulations governing PNC’s business and operations, including those at the bank, the holding company and their affiliates;
• Ensuring that PNC is in line with industry best practices for a top-tier bank, in its approach to understanding and complying with regulatory guidance;
• Providing thought leadership and support to PNC’s regulatory strategy and relationships in conjunction with other Legal Department and Regulatory/Government Affairs colleagues;
• Establishing and cultivating direct relationships with key regulators for PNC, including the OCC, the Federal Reserve, the FDIC, and the CFPB;
• Advising senior management on key regulatory issues and trends and on how to proactively manage regulatory issues and relationships, which currently also include climate risk;
• Assisting in the formulation of policy responses (including comment letters) to new regulations and guidelines that impact PNC, particularly in the areas of prudential regulation. Day to day activities would include meeting with PNC’s lines of business (including Retail, Mortgage, Corporate & Institutional Banking and Asset Management) and enterprise functions (Risk, Compliance, ALM and Finance) to formulate policy priorities, interacting with trade associations to advance PNC’s policy priorities, drafting comment letters to regulators on new rulemakings, meeting with regulators to explain PNC’s policy positions, and preparing executives to meet with staff of various government agencies.
• Providing legal counsel for working groups established to guide and manage the implementation of new regulations and guidelines;
• Participating in the preparation and oversight of regulatory filings related to new business initiatives, acquisitions, and reorganizations, as well as interpretive requests related to cutting-edge products and services;
• Working cooperatively with leaders from Compliance and Audit; and
• Providing specialized expert legal advice and counsel to senior attorneys supporting the lines of business, as well as management in those areas, on a wide array of bank regulatory issues in support of the company’s efforts to achieve its business goals in compliance with law and regulation.
• JD from an accredited law school
• Generally have six or more years of experience or otherwise be well qualified in the bank regulatory environment which is recognized in the market as specialized and in high demand.
• Strong understanding of the Dodd-Frank Act, National Bank Act, Federal Deposit Insurance Act, Federal Reserve Act, and regulations of the Federal banking agencies
- Identifies and manages legal risk for the organization.
- Performs significant and complex legal work and regularly interacts with management.Oversees legal research, analysis, consultation and documentation within a framework of legal compliance and risk management.
- Leads outside counsel relationships and manages expenses.
- Networks with outside organizations to advance legal interests and legal health of the corporation and its industry.
PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:
- Customer Focused – Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
- Managing Risk – Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC’s Enterprise Risk Management Framework.
Business Ethics – Knowledge of practices, behaviors, applicable laws, rules, and regulations governing proper business conduct; ability to demonstrate ethical behavior in diverse situations.Decision Making and Critical Thinking – Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately, and reach productive decisions.Effective Communications – Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.External Resource Management – Ability to effectively manage the utilization of external services (e.g., product or platform vendors, service providers, contractors, consultants, outsourced functions).Influencing – Knowledge of effective influencing tactics and strategies; ability to impact decisions within and outside own organization.Legal Analysis – Knowledge of and ability to read, interpret and draw accurate conclusions from both legal and factual information.Legal Function – Knowledge of the major responsibilities, accountabilities, and organization of the legal function or department; ability to provide legal consulting, advice and assistance.Negotiating – Knowledge of successful negotiation concepts and techniques; ability to negotiate successfully across the organization and with external vendors and clients in a constructive and collaborative manner.
Roles at this level typically require a university / college degree. Higher level education such as a Masters degree, or PhD is desirable. Industry experience is typically 8 + years. Specific certifications are often required.
Additional Job Description
PNC offers employees a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include medical/prescription drug coverage (with a Health Savings Account feature); dental and vision options; employee and spouse/child life insurance; short- and long-term disability protection; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com > New to PNC.
Disability Accommodations Statement:
The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-968-7762 and select Option 4: Recruiting or contact us via email at email@example.com.
The Human Resources Service Center hours of operation are Monday – Friday 9:00 AM to 5:00 PM ET.
Equal Employment Opportunity (EEO):
PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.
Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.
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Job posted: 2021-06-01