Legal Counsel
AI FoundationSalary not specified
Full Time
Mid-level (3 to 4 years), Senior (5 to 8 years)
Manager, Counsel - Retail Bank Legal (Hybrid) at Capital One
McLean, Virginia, United States
Not SpecifiedCompensation
Senior (5 to 8 years)Experience Level
Full TimeJob Type
UnknownVisa
Banking, Financial ServicesIndustries
Requirements
- Basic Qualifications:
- Juris Doctor from an accredited law school
- Active member in good standing of at least one state bar
- At least 3 years of experience as an attorney in a law firm, at a government agency, as a military judge advocate or as in-house counsel
- Preferred Qualifications:
- 4+ years of experience as an attorney in a law firm, in-house legal department, or government agency involving regulatory experience, with specific experience in advising bank depository business teams
- Expertise in Regulation E, Regulation CC, Regulation DD, UDAAP, Articles 3, 4 and 4A
- Knowledge of deposit account ownership structures, FDIC insurance requirements, unclaimed property reporting requirements, and state probate and estate requirements
- Knowledge of The Uniform Commercial Code (UCC)
- Ability to prioritize and manage a significant volume of legal questions on a broad array of topics with multiple and simultaneous deadlines
- Ability to rapidly synthesize new information and make quick, well-grounded decisions
- Ability and desire to learn new areas of law
- Strong communication and interpersonal skills
- Strong analytical and organizational skills
Responsibilities
- Serve as the Legal point of contact for bank operations functions - including support for questions that arise in connection with garnishment of and other third-party claims against bank accounts, deceased accounts, and escheatment/unclaimed property reporting requirements
- Identify and coordinate resolution of potential line of business compliance or operational errors
- Partner closely with other Compliance and Risk advisors to drive comprehensive and consistent support
- Partner internally with other business counsel and legal subject matter experts to drive consistency and best practices across Capital One’s lines of business
- “Translate” the laws and legal requirements for the business teams and the business intent for the legal team and legal subject matter experts
- Actively engage with colleagues to provide legal support as part of a collaborative and cross-functional team
Skills
Banking Law
Consumer Protection Law
Compliance
Risk Management
Garnishment Law
Escheatment
Unclaimed Property
Deposit Accounts
Legal Counseling
Regulatory Compliance
Capital One
Offers diverse financial products and services
About Capital One
Capital One provides a variety of financial services aimed at making banking accessible and easy for everyone. The company offers products such as credit cards, savings accounts, car loans, and business checking accounts, catering to both individual consumers and small businesses primarily in the United States. Capital One's approach includes user-friendly banking solutions with no fees or minimums for checking accounts, allowing customers to manage their finances more effectively. They generate revenue through interest on loans, credit card fees, and investment banking services. What sets Capital One apart from its competitors is its strong commitment to financial inclusion and literacy, demonstrated through community partnerships and educational initiatives, such as collaborations with Khan Academy. The company's goal is to create a more inclusive financial system and empower customers with the knowledge and tools they need to make informed financial decisions.
McLean, VirginiaHeadquarters
2014Year Founded
$15.9MTotal Funding
IPOCompany Stage
Fintech, Financial ServicesIndustries
10,001+Employees
Benefits
Medical, Dental, & Vision coverage
Onsite Health Centers
Prescription saving with network of local pharmacies
Stock Purchase Plan
Education Assistance
401(k)
Flexible Spending Accounts
Life and Disability insurance
Generous paid time off + corporate & floating holidays
Registered dieticians on site, cooking classes and free virtual fitness classes
Employee Assistance Program
Risks
Increased competition in subscription management tools may dilute Capital One's advantage.
Over-reliance on partnerships could expose Capital One to technological risks.
Departure of key personnel like Joe Rodriguez may affect risk management continuity.
Differentiation
Capital One offers user-friendly banking with no fees or minimums for checking accounts.
The company partners with Khan Academy to provide financial literacy education.
Capital One is the first major U.S. bank to offer subscription management tools.
Upsides
Capital One's mobile app is a model for secure, user-friendly digital banking.
Data sharing with Worldpay enhances payment security and fraud prevention.
Partnerships with fintechs like Minna Technologies improve customer experience.
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