Principal Legal Counsel - Regulatory Advisory

  • Company: Capital One
  • Location: Richmond, Virginia
  • Posted: February 07, 2017
  • Reference ID: R19058
West Creek 7 (12077), United States of America, Richmond, Virginia

Principal Legal Counsel - Regulatory Advisory

The Legal Department’s Regulatory Advisory Group is seeking an attorney to provide legal support to the US Card Loss Mitigation Recoveries Group. The position will require oversight of outside collection counsel’s litigation portfolio, customer treatment, and business practices; provide advice to the Recoveries business; and management of legal specialists.  This position will review internal and external policies, procedures, collection materials, and litigation materials in order to assess compliance with consumer protection laws, current and developing regulatory expectations and Capital One policies. This position will entail regular interaction with outside counsel, Capital One Legal Recoveries business members, Legal Department subject matter experts, and senior line-of-business attorneys.

-Advising the Recoveries business on federal, state and local laws and regulatory expectations
-Partnering with the Recoveries business to mitigate regulatory and reputational risk
-Overseeing collection law firms acting on Capital One’s behalf, including managing multiple state collection litigation portfolios
-Drafting, interpreting, applying, and enforcing internal policies and procedures
-Becoming an expert in federal and state collection and consumer protections laws and regulatory expectations
-Analyzing new and emerging debt collection laws and regulations and advising on adherence

- Commercial litigation experience, preferably including financial services
- Ability to support business partners and effectively identify risks and mitigation options
- Ability to oversee and provide direction to outside counsel
- Ability to advise in ambiguous circumstances
- Excellent verbal and written communication skills
- Excellent analytical and organizational skills
- Ability to manage large volume of work, including complex legal issues that may arise suddenly
- Ability to prioritize a significant volume of projects and requests with multiple, simultaneous deadlines
- Ability and willingness to work as a team player, with comfort interacting with associates across departments and job levels
- Ability to make effective, integrated decisions; and to collaborate effectively with associates at all levels in the company
- Ability to work in a fast-paced, ambiguous, fluid environment with minimal supervision

- At least a JD with state bar admission or military experience
- At least 1 year of law firm experience OR at least 1 year government experience OR at least 1 year of in-house legal department work experience

-Knowledge of, and proficiency with, financial and consumer protection laws (e.g., FDCPA, FCRA, UDAAP, and state debt collection laws)

-Complex commercial litigation experience

At this time, Capital One will not sponsor a new applicant for employment authorization for this position.

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