VP Of Legal

Description

Overview: Listerhill Credit Union is a financial cooperative whose primary purpose is to help our members live financially healthy lives. In 1952, seven Reynolds Metals employees deposited $5 each with the idea of starting a credit union that was member-owned and member-focused. Helping co-workers break from predatory lenders to borrow affordably and save for their financial futures was their motivation. We have grown from a single office at Reynolds Metals to serving members throughout northwest Alabama and south-central Tennessee, offering a full line of financial solutions. We aspire to high standards of integrity, excellence, and passion. Furthermore, we strive to be innovative for the members’ benefit and engaged in the betterment of their communities.

The Role: Your efforts and ultimate successes should be measurable and recognizable as you strive daily within LCU’s vision: “to value people over profit, proactively seek improvement, work passionately, exceed expectations, and make our community a better place”. As the VP of Legal, you will provide advice and counsel on legal matters involving the credit union. You will be responsible for contract management and working with teams throughout the credit union to ensure legal risk is mitigated.      

What you will do:

· Review all third-party contracts and agreements binding on the credit union. Assist business owners in understanding contractual terms. Revise and negotiate third-party agreements with external parties to support the credit union’s position and business objectives.

· Maintain vendor management program as an integral component of the vendor management team. 

· Support front-line, operational, and departmental teams in responding to everyday legal questions arising in a financial institution. Serve as point person for operational legal guidance and advice. 

· Work closely with the credit union’s compliance team on matters such as creating and editing forms, required disclosures, marketing materials, and other internal documents. 

· Provide assistance to the Loss Prevention team on bankruptcy, foreclosures and other related matters. Manage outside counsel used by Loss Prevention as needed to bring knowledge assets in-house. 

· Support commercial, mortgage, and retail lending teams, as well as loss mitigation and collection efforts on loan transactions, documentation questions, customer matters, issue identification, and general advice.

· Manage response to garnishments, levies and subpoenas received from third parties, as needed.

· Investigate or assist in the investigation of consumer and business complaints, administrative hearings, or actual or threatened litigation or claims against the credit union.

· Serve as a subject matter expert for issues relating to legal processes. Conduct research as needed to answer questions of first impression. 

· Perform other duties as assigned. 

Requirements

Qualifications:

· Eight to 10 years of similar or related experience in a financial institution

· Juris Doctor and bachelor’s degree

· Licensed to practice law in the state of Alabama

· Exceptional work and professional ethics and integrity 

· Ability to handle confidential information

· Understanding of financial products, services, and market dynamics is a plus

· Ability to identify priorities and work independently 

· Detail-oriented and well organized

· Adaptability in a fast-paced, highly regulated environment

· Excellent ability to communicate well verbally and in writing

· Commitment to LCU’s Mission Statement and Core Values

· Must successfully complete appropriate LCU assessments

This Job Description is not a complete statement of all duties and responsibilities comprising this position.

Listerhill Credit Union is an equal opportunity employer and does not discriminate in employment decisions based on any factor protected by federal, state of local law.