Vice President of Regulatory Affairs

Description

Opportunity Finance Network (OFN) needs an experienced and astute Vice President of Regulatory Affairs to lead OFN’s efforts to shape and influence regulatory policy and engagement. This role requires expertise in financial regulation, ideally with a focus on the Community Reinvestment Act (CRA). The Vice President of Regulatory Affairs plays a critical role in advancing OFN’s policy priorities through proactive engagement with federal agencies, regulators, and other policymakers. This is a perfect opportunity to join a growing organization focused on creating positive impact in our communities.

OFN is the nation’s leading investment intermediary and network CDFIs serving rural, urban, and Native communities across the United States. With over $1 billion in total assets under management, OFN manages a national membership network of over 450 mission-driven lenders and CDFIs, including community development loan funds, credit unions, green banks, community development banks, minority depository institutions, and venture capital funds. OFN is a trusted investment partner to the public, private, and philanthropic sectors – foundations, corporations, banks, government agencies, and others. For more than 30 years, our team has helped partners invest in communities to catalyze change and create economic opportunities for people and places traditional finance doesn’t reach.

To learn more, visit www.ofn.org

People who work at OFN come from a variety of professional and academic backgrounds. If you have:

• Passion for the mission and true believer in our core purpose.
• Courage to be a fearless advocate who is confident and resilient in our fight to drive capital into low-income communities.
• Smart, quick seekers of knowledge who thrive on creating and developing new strategies, products, and programs for increasing capital to communities we serve.
• Desire to be a collaborative team player who possesses humility and a willingness to lean in all areas of our work.

Come be a part of our growing diverse, highly committed, skilled, and collaborative staff. At OFN, we are dedicated to building a diverse, inclusive workplace, so if you are excited about this role but your experience does not align perfectly with every qualification, we encourage you to apply nonetheless. You may be the right candidate for this or other roles.

This position is based in Washington, D.C. All staff currently work a hybrid schedule.

Responsibilities

• Lead OFN’s regulatory policy work alongside the EVP, Chief Public Policy Officer and Head of Government Affairs.
• Independently monitor and analyze legislative and regulatory developments in the financial services industry to identify issues of importance to the community development finance industry as well as developing and implementing appropriate solutions.
• Develop, in collaboration with the EVP, Chief Public Policy Officer and Head of Government Affairs, OFN’s Community Reinvestment Act (CRA) strategy, identifying and leveraging opportunities to promote regulatory reforms.
• Shape OFN’s response to regulatory proposals, collaborating with senior leadership and external stakeholders to craft comment letters and policy positions.
• Monitor the federal register and regulatory agendas to stay ahead of key developments, providing insights to inform OFN’s advocacy efforts.
• Build and maintain relationships with key policymakers, regulators, and industry influencers.
• Serve as the primary expert on regulatory matters, providing guidance and insights to internal teams and leadership.
• Communicate OFN’s policy positions to external stakeholders through written submissions, public testimony, and direct engagement.
• Maintain an in-person presence with legislators as necessary.

Position Requirements

Qualifications:

• Bachelor’s degree in finance, law, public policy, or a related field, or 5-7 years direct experience working in regulatory policy development in lieu of a degree.
• 3-5 years of experience in financial regulatory policy, with a focus on CRA.
• Proven track record of successful advocacy and policy influence at the federal and state levels.
• Strong relationships with policymakers, regulators, and industry stakeholders.
• Demonstrated passion for promoting fair and inclusive financial practices.
• Deep understanding of the financial regulatory environment and the legislative process. Experience working in a regulatory agency desired.
• Excellent communication skills in public and private settings both in presentation and written formats with the ability to adapt the message to the needs of constituents.
• Strong analytical and problem-solving skills with the ability to think strategically and work collaboratively in a fast-paced environment.
• Ability to define and set priorities, delegate tasks effectively, and manage multiple tasks independently in an effective and efficient manner.
• Ability to be self-motivated and take initiative for new projects and departmental needs.
• Ability to interpret, analyze, and write legislative, policy, and regulatory proposals.
• Moderate travel required (20%-25% of time).
• Job involves normal physical requirements for an office position; no extraordinary physical requirements beyond ability to travel.

Additional Information

EEO Employer – Disability/Veteran/Minority/Female/Sexual Orientation/Gender Identity

Supervisor: EVP, Chief Public Policy Officer and Head of Government Affairs
FLSA: Exempt

The full salary range for VP-leveled employees is $90,100 to $162,800.

Salaries paid at Opportunity Finance Network will vary based on factors that may include skills, education, location, experience, and performance. The salary range for this position is represented by the low and high end of the range for the position level.

Salary is one part of OFN’s comprehensive total rewards package, which includes benefits like dental, health, and vision care plans, and family-building benefits like hybrid work arrangements to promote a better work-life balance. OFN also offers Lifestyle Spending Account, Employee Assistance Program, and mental health benefits. To maximize teammate financial well-being, OFN offers financial education and auto-enrollment in the company’s 403(b) plan with employer contributions. To maximize professional growth, OFN provides professional development dollars for each employee, alongside learning and development opportunities.

Thank you for your interest in joining the OFN team in our effort and commitment to create opportunity for all.

Learn more here