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Minimum Education
Juris doctor
Minimum Experience
0
Summary
The entry level attorney is expected to have a superior academic record from a law school recognized as offering a strong academic program. The entry level Legal Assistant/Attorney assists other Division attorneys by performing research and drafting correspondence and memoranda.
- Admission to a recognized bar must be obtained within 14 months after appointment. Title of Legal Assistant will be used until notification of bar admission.
Duties And Responsibilities
- Performs legal research in support of more experienced attorneys. This includes complex merger and acquisition transactions involving consideration of federal and state banking law, securities and antitrust law, corporate and accounting issues, international financial matters, litigation in which the Board is a party or has an interest, and enforcement actions against financial institutions and directors, which require the ability to identify and suggest resolutions to difficult business and legal issues.
- Prepares draft memoranda and correspondence on matters for which there is clear precedent and matters requiring extensive legal research to identify issues, propose resolutions, and construct alternate arguments.
- Responds to inquiries (from Board staff, Reserve Bank staff, other regulatory agencies, financial institutions, and the public) relating to the interpretation of banking law and other regulatory matters which are fairly clear-cut.
- Renders preliminary determinations under the Government in the Sunshine Act. Applies the requirements of the Act to determinations as to whether Board agenda items should be considered at a Board meeting open (or closed) to the public.
- Reviews paralegal work responding to Freedom of Information Act requests.
About The Job
The Attorney will work in the Banking Regulation and Policy group (BRPG) of the Board’s Legal Division. Attorneys in BRPG advise the Board of Governors, the General Counsel, and other Federal Reserve staff on a variety of legal and policy issues related to the regulation and supervision of banks, bank holding companies, savings and loan holdings companies, and foreign banks.
Provide legal advice on matters involving the interpretation of financial statutes, regulations, standards, and guidance; proposed financial legislation; bank supervisory issues, including international banking issues; and applications and related matters involving domestic and foreign banking organizations, such as banking applications and expansionary activity proposals, petitions, and requests for legal interpretations.
Requirements For FR-25
Requires a law degree (JD) from an accredited law school; and admission to a recognized U.S. Bar must be obtained within 14 months of appointment. Membership in good standing with a U.S. Bar is required thereafter, through duration of employment in the Legal Division as an attorney. Title of Legal Assistant will be used until notification of bar admission.
Requirements For FR-26
Requires a law degree (JD) from an ABA accredited law school; and must be an active member in good standing of the bar of a state, territory of the United States, the District of Columbia, or the Commonwealth of Puerto Rico prior to and throughout duration of employment as an attorney. Requires a minimum of one year as a practicing attorney in private practice or government agency with relevant legal experience, with developing skills and expertise including laws, regulations and policies that apply to the assigned practice area (e.g., banking law, administrative law, or other practice area).
Requirements For FR-27
Requires a law degree (JD) from an ABA accredited law school; and must be an active member in good standing of the bar of a state, territory of the United States, the District of Columbia, or the Commonwealth of Puerto Rico prior to and throughout duration of employment as an attorney. Requires a minimum of two years as a practicing attorney in private practice or government agency with relevant legal experience, with developing skills and expertise including laws, regulations and policies that apply to the assigned practice area (e.g., banking law, administrative law, or other practice area).
Requirements At All Levels
Must demonstrate excellent oral and written communication skills, strong analytic and interpersonal skills (including the ability to interact effectively with management and staff at all levels of the organization), personal initiative, and adaptability in working across legal disciplines. Must also possess excellent attention to detail and strong organizational skills (including ability to handle multiple assignments and organize projects and see through their successful completion with minimal supervision). Requires sound judgment and a high level of discretion as will have access to highly sensitive information. In addition:
- U.S. citizenship required.
- Successful completion of background check required.
Job Type
Regular
Job Exempt
Yes
Relocation Provided:
Yes
Compensation Grade(s)
FR PAY GRADE 25 - FR PAY GRADE 27
Pay
$111,400-$216,100.00
Rehabilitation Act
The Board complies with the Rehabilitation Act of 1973, as amended, and provides job applicants with disabilities reasonable accommodations to assist them in applying for jobs at the Board. If you have a disability and would like to request an accommodation in order to apply for a job at the Board, please call 202-452-3880 or e-mail
[email protected].
Equal Opportunity Employer
We are an Equal Opportunity Employer and do not discriminate against any employee or applicant for employment on the basis of race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, genetic information, or application, membership, or service in the uniformed services.
Privacy
You may review the Federal Reserve Board's Privacy Act Notice at https://www.federalreserve.gov/careers/files/fr1273.pdf.
Paperwork Reduction Act
OMB No. 7100-0181
Approval Expires October 31, 2029
Public reporting burden for this collection of information is estimated to average 0.26-0.71 hours per response, including the time to gather and maintain data in the required form and to review instructions and complete the information collection. Send comments regarding this burden estimate or any other aspect of this collection of information, including suggestions for reducing this burden to: Secretary, Board of Governors of the Federal Reserve System, Washington, DC 20551; and to the Office of Management and Budget, Paperwork Reduction Project (7100–0181), Washington, DC 20503. The Federal Reserve may not conduct or sponsor, and an organization (or a person) is not required to respond to a collection of information unless it displays a currently valid OMB control number.
