Regulatory and Legal Compliance Director
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Job Location:
New York City, NY - USA
Monthly Salary:
Not Disclosed
Posted on:
16 hours ago
Vacancies:
1 Vacancy
Job Summary
At OakNorth were on a mission to empower the UKs most ambitious businesses. Since 2015 weve lent over $18 billion across the UK and US helped create more than 58000 new homes and 36000 new jobs and supported hundreds of thousands of personal savers all while fuelling the UK economy.
We started lending in the US in 2023 and received approval from the regulatory authorities to open our New York Representative Office in September 2024. In that time we have already provided $1.9bnof lending in the US and this is just the start of our US are also acquiring Community Unity Bank based in Michigan subject to regulatory approval.
This is an exciting chance to join a fast-moving innovative bank with a reputation for doing things differently. Were not looking for someone to simply slot in we want self-starters and bold thinkers who are ready to shape their own career path and are passionate about backing the UKs most dynamic business leaders.
Are you ready to take on the challenge
In a nutshell were looking for a US legal and compliance specialist to join our compliance team at our New York Representative Office. This is a hands-on role where youll be key in helping us to assess and successfully deliver the legal and regulatory compliance requirements for the Bank as we grow across the US. Therefore youll be an integral part of OakNorths expansion into the US helping to ensure that we scale fast but scale safely maintaining strong regulatory relationships as we go.
What Youll Be Doing:
- Providing strategic legal and regulatory leadership across our US lending activities - including licensing prudential requirements and broader regulatory matters. This will include getting your hands dirty with licensing applications assessing our adherence to prudential requirements and engaging directly with state regulatory bodies.
- Help grow commercial lending enable the team to lend into an increasing number of states across the US and ensure we lend within regulatory parameters by providing real time and commercially appropriate advice to internal stakeholders.
- Enable scale be part of wider growth of OakNorth Banks US aspirations providing regulatory and legal advice on scalable processes and controls.
- Advise and collaborate work closely with teams in New York Michigan the UK and India and provide clear practical and commercial guidance and support.
- Engage regulators act as point of contact for regulators licensing bodies and external counsel ensuring speed and quality of responses.
What Were Looking For
- At least 7 years solid experience in legal and/or regulatory / compliance roles at regulatory authorities banks or advisory firms.
- Strong knowledge of US banking regulations and legal and commercial implementation of such regulations such as the Federal Reserve and Office of the Comptroller of the Currency requirements.
- Experience dealing with or alongside regulatory authorities
- A mix of strategic thinking and hands-on execution - youll be both designing frameworks and ensuring they are executed effectively
- Excellent communications skills and ability to work with teams cross border able to explain complex rules on both sides of the pond!
- Someone who is proactive curious and not afraid to bring new ideas to the table.
$150000 - $200000 a year
We may use artificial intelligence (AI) tools to support parts of the hiring process such as reviewing applications analyzing resumes or assessing responses. These tools assist our recruitment team but do not replace human judgment. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed please contact us.
Required Experience:
Director
Key Skills
- Abinitio
- Apprentice
- Dermatology
- Cost Estimation
- Data Networking
- Liaison
About Company
OakNorth Credit Intelligence Suite transforms commercial lending, giving banks 360° views of borrowers, with deeply granular, forward-looking insight, to improve efficiencies, lower credit risk, and drive profitable growth through economic cycles. Banks lend smarter, lend faster, and ... View more
