Chief Compliance & Legal Counsel
hace 5 días
Greenwich
A de novo bank focused on serving accredited investors through private credit and private equity investment activities is seeking a Chief Compliance & Legal Counsel. This executive leadership role is responsible for establishing and overseeing the bank’s legal and regulatory compliance framework from inception and serving as a trusted advisor to executive management and the Board of Directors. Responsibilities • Serve as the bank’s chief legal officer, advising the Board, executive management, and senior leadership on legal and regulatory matters., • Interpret and apply federal and state banking laws and regulations applicable to a Federal Reserve–regulated banking institution., • Advise on legal structures, documentation, and disclosures related to private credit, private equity, and alternative investment activities., • Draft, review, and negotiate investment-related agreements, offering materials, subscription documents, and vendor and service provider contracts., • Oversee corporate governance matters, including Board and committee materials, charters, resolutions, and regulatory correspondence., • Manage relationships with external legal counsel, fund counsel, and regulatory advisors., • Support regulatory interactions, chartering activities, and examinations with the Federal Reserve and other applicable authorities., • Design, implement, and maintain a comprehensive compliance management framework aligned with the bank’s investment and investor-facing activities., • Oversee compliance with applicable banking regulations, including BSA/AML, OFAC, privacy, conflicts of interest, and disclosure obligations., • Establish and maintain policies and procedures covering investor onboarding, accredited investor verification, marketing and communications, and conflicts management., • Monitor regulatory developments impacting private credit, private equity, and alternative investment activities within a Federal Reserve–regulated banking environment., • Lead compliance oversight for regulatory examinations, audits, and remediation efforts., • Develop and deliver compliance training for employees, management, and the Board., • Partner with executive leadership to align legal and compliance frameworks with the bank’s strategic objectives., • Build and scale the legal and compliance function, including future staffing and third-party oversight., • Provide clear, practical guidance that supports growth while maintaining strong regulatory discipline., • Prepare and present legal and compliance updates to the Board and relevant committees. Qualifications • Juris Doctor (JD) from an accredited law school; active bar membership in good standing., • 10+ years of progressive legal and compliance experience within banking, alternative investments, or regulated financial institutions., • Strong experience advising on private credit, private equity, or alternative investment structures for accredited investors., • Deep knowledge of U.S. banking regulations and Federal Reserve supervisory expectations., • Experience working directly with the Federal Reserve during examinations, chartering, or ongoing supervision., • Proven ability to build compliance programs in a de novo or growth-stage institution., • Executive-level communication skills with Boards, regulators, and senior leadership., • Sound judgment, strong drafting skills, and a hands-on leadership approach.