Legal Associate at Redstone Federal Credit Union in Huntsville, Alabama

Job Description:

Job Description Summary

Provides both legal and related business support to the Credit Union for areas of responsibility assigned to the Operations team of the Legal Department. Ensures the Credit Union has appropriate measures in place to comply with applicable laws and to prevent, identify, and react to risks related to business, consumer and member facing products, processes and services.

Job Description

Essential Duties and Responsibilities

• Provides accurate and effective advice and assistance to Credit Union staff related to areas of responsibility, including but not limited to: Consumer and business share accounts and loan products; Deceased account functions; Fiduciary relationships and accounts; Privacy; Business continuity and disaster recovery; Member-facing contracts, terms and conditions, and other legal documents; Member-facing processes, products, and services (e.g., safe deposit boxes, Notaries Public, checks, savings bonds, ACH, wires, payment systems, etc.).


• Conducts in-depth research and ensures legal related information from a wide variety of sources is effectively aggregated, analyzed, and communicated to management to provide valuable insight and facilitate strategic decision-making.


• Communicates complex concepts to all levels of staff across the Credit Union in a manner that is accurate, easily understood, and concise.


• Develops, implements, and leads the day-to-day operation of second line of defense programs, processes, policies, procedures, and controls for assigned areas of responsibility.


• Drafts and reviews both internal and member-facing forms and other documentation to ensure compliance with appropriate guidelines


• Develops and maintains an in-depth knowledge and understanding of applicable laws, best practices, and Credit Union processes.


• Stays abreast of regulatory, legal, and related issues, advising the Credit Union on potential or actual risks and changes, and recommending and implementing actions in response.


• Reviews and assesses the sufficiency of Credit Union processes, policies, procedures, and controls; and recommends and facilitates implementation of changes to address identified deficiencies.


• Works with other departments within the Credit Union to ensure all processes, policies, procedures and controls are appropriately followed and enforced, and that legal operations risks are properly mitigated and addressed including identifying the need for, assigning, and monitoring completion of any necessary corrective actions


• Ensures Credit Union staff are appropriately trained regarding relevant legal issues and the implications of non-compliance by developing, conducting, reviewing, and updating trainings.


• Creates, reviews, and updates reference materials and other internal documentation


• Coordinates and collaborates cross functionally across all levels of the Credit Union and with third parties; creates, leads and represents Legal as part of cross-functional teams.

Company Wide Expectations

• Maintains a professional image and demeanor at all times, consistently demonstrating Credit Union RISE Values and adhering to the Code of Ethics.


• Delivers friendly, caring service to internal and external members.


• Complies with all applicable State, Federal and NCUA rules and regulations and all Credit Union policies and procedures.


• Follow all physical and online security procedures and maintain strict confidentiality of all member information.


• Completes all required regulatory and compliance training and maintains required knowledge of Credit Union products and services.


• Works scheduled hours and maintains punctuality.


• Performs other related duties as assigned or requested.

EDUCATION/EXPERIENCE

Minimum Qualifications

To perform this job satisfactorily, an employee must be able to carry out each essential duty competently. The requirements listed below are representative of the education, experience, skills and abilities required.

An equivalent combination of education and experience may be considered.

Education Requirements

• Juris Doctor degree from an ABA accredited law school or MBA - Required


• License to practice law in Alabama - Preferred

Experience Requirement

• 3 Years - Experience working as part of the second line of defense at a financial institution or experience working in a law firm, in-house legal department or other similar environment - Required


• Management or project management experience - Preferred


• Experience drafting complex, consumer-facing legal or other documentation - Preferred


• Experience providing legal advice to a financial institution or other complex, regulated organization - Preferred


• Experience with probate, estate planning, corporate law, or real estate law - Preferred

SKILLS/ABILITIES

• Effectively apply and ensure all internal and external customer service practices and processes are carried out and meet quality service standards and achieve member satisfaction.


• Learn and apply information, on a wide range of Credit Union products, services and regulatory compliance requirements, in order to assess member situations and develop solutions.


• Strong understanding of commercial legal concepts with a keen attention to detail.


• Outstanding professional judgment and excellent communication and interpersonal skills.


• Ability to develop collaborative relationships with internal stakeholders, clients, and vendors.


• Pragmatic approach to lawyering with the ability to strike a sensible and practical balance between legal risk and business objectives.


• Motivated to work independently and the ability to manage and prioritize deals with deadlines.


• Sense of urgency and empathy to work with colleagues to deliver effective results that focus on positive member experience.


• Ability to operate autonomously, work collaboratively as a team player with internal business partners and external counsel.


• Ability to prioritize multiple competing tasks and projects that require agility and flexibility to move tactics forward instantaneously.


• Possesses a strong familiarity with financial regulations, including data protection, information security, and other applicable regulations.


• Provide guidance in the resolution of complex problems utilizing advanced knowledge and experience within areas of responsibility.


• Lead and model RISE values and Code of Ethics through daily interactions and conduct.


• Promote and foster excellent member service and teamwork throughout division.


• Ability to communicate in a professional manner and deliver information clearly and effectively to staff. Actively listen to questions, opinions and ideas of others. Use tact and diplomacy in sensitive and confidential situations.


• Use correct English including spelling, grammar and punctuation.


• Operate computers and use business software and other standard office equipment.


• Understand and follow written and oral instructions.


• Set example through punctuality and managing one’s own time effectively.

PHYSICAL DEMANDS

Physical Demands Disclaimer

The physical demands described here are representative of those that must be met by employees to successfully perform the essential functions of this job. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

Physical Requirements

• Intermittent standing, sitting, walking, bending and climbing.


• Using hands repetitively to handle, feel or operate computers and other standard office equipment.


• Reaching with hands and arms.


• Intermittent lifting and carrying up to 25 pounds.

WORK ENVIRONMENT

Work Environment Disclaimer

An employee in this job will experience the following main work environments, others not listed may also be encountered on occasion;

Work Environment

• Works in a general office environment.


• Remote work environment considered.

Redstone Federal Credit Union is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, protected veteran status or status as an individual with disability. All qualified applicants will not be discriminated against on the basis of disability.

We are proud to be a Drug-Free and Tobacco Free Workplace.

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