Position Summary:
The Clearing House Association L.L.C. (“TCH”) is seeking a Regulatory and Legislative Affairs Counsel to report to the VP Director of Regulatory and Legislative Affairs. The position works closely with the VP, Director of Regulatory and Legislative Affairs to implement the Association’s advocacy efforts regarding the payments industry and payments-related issues. The position monitors important developments in the payments industry, develops advocacy positions on payment-related issues that are important to large banking organizations and the financial sector more broadly, identifies ways in which to advance advocacy, and, with the support of the Association Managing Board of Directors, advances the Association advocacy agenda.
This work requires regular written and in-person communications with the federal agencies responsible for regulating, supervising, and enforcing the laws governing payments and payments consumer protections, including the Federal Reserve Board, the Consumer Financial Protection Bureau, the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation. The position also works closely with the VP, Director of Regulatory and Legislative Affairs to monitor and address relevant Congressional actions and judicial proceedings, as necessary.
Who We Are:
The Clearing House Association L.L.C. is a 501(c)(6) entity dedicated to research, analysis, advocacy, and litigation focused on the payment industry and payments-related issues. The Clearing House Association L.L.C., the country’s oldest banking trade association, is a nonpartisan organization that has provided informed advocacy and thought leadership on behalf of the largest commercial banks in the United States since 1853. Its sister company, The Clearing House Payments Company L.L.C., owns and operates core payments system infrastructure in the U.S., clearing and settling more than $2 trillion each day over its CHIPS, EPN, RTP, and Image Exchange networks. More information on The Clearing House and its mission is available at: https://www.theclearinghouse.org/.
Qualifications Required:
- JD and Licensed attorney, preferably in NY or DC
- 5-10 years’ experience working on payments-related matters in a law firm, bank, or regulatory agency, or on advocacy for the financial industry
- Demonstrated ability to quickly grasp new and complex business/legal concepts and formulate solutions
- Excellent interpersonal skills, dynamic and highly team oriented. Ability to form and maintain strong working relationships with internal and external clients and stakeholders.
- Demonstrated ability to multi-task, prioritizes changing deadlines, and produce quality work product in a fast- paced environment
- Strong business judgment, strategic thinking, and collaborative problem-solving skills
- Exceptional communication, research and writing skills
- Must be able to work with other attorneys and administrative support staff
- Mastery of Microsoft Word, PowerPoint, and virtual meeting platforms (Ex: Webex, Zoom, Teams)
- Ability to engage in regular travel as needed to in-person meetings with regulators, legislative staff, member bank representatives and conferences
Essential Functions and Responsibilities:
- Draft, or oversee outside counsel drafting of, persuasive and effective comment letters, whitepapers, blog posts, meeting decks, amicus briefs and other TCH advocacy documents for payments-related advocacy matters
- Advocate TCH positions in meetings with federal agencies on payments issues.
- Serve as one of TCH’s primary points of contact with member executives on payments-related advocacy matters, including convening and managing member meetings and calls and responding to member inquiries and requests
- Develop and lead issue-oriented advocacy meetings with regulators, Congressional staff, trade association staff, think-tanks, senior bank executives and others
- Maintain strong relationships with the government and legislative affairs staff at TCH owner banks and other trade associations and industry groups on issues of joint concern
- Stay apprised of payments-related advocacy issue developments in real time
- Serve as a subject matter expert to TCH staff on payments-related advocacy matters
- Speak and participate in public forums (e.g., conferences, newspapers, etc.) as expert and advocate for TCH views on payments-related advocacy matters
- Assist with planning and executing The Clearing House annual conference
- Other duties as assigned
Location:
- Ideal candidate will be located in the Washington, D.C. metro area and would be remote/work from home.
- Occasional travel required, primarily to New York City.
