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Responsible Banking, Data & Privacy - VP

Chicago, IL, USA | Global Securities, Investment and Retail Banking Firm

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Financial Services Professional
    Legal / Compliance
  • Experience:
    10-12 years
Job Description:
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Co-manage legal coverage of CCB Data Use Council cases and provide primary legal support for proposed x-LOB uses of CCB data, collaborating closely with subject matter experts on privacy, credit reporting, fair lending and UDAAP

Provide primary support for the Firmwide Data Use team and function, assisting in assessing overall firmwide data use risk, advising on data use-related policies and standards, and advising senior management and board on data use risks broadly

Assist in supporting key CCB data-driven initiatives, particularly those leveraging alternative data, and other data initiatives across the firm

Assist in providing legal support for firmwide ML/AI governance, higher-risk CCB ML/AI models and regulatory and trade engagement in this space.

Assist GC and other firm stakeholders in developing an effective regulatory engagement and advocacy strategy on data use-related issues

Candidates should possess, at a minimum:

JD or educational equivalent required. Attorney candidates must be in compliance with all relevant licensing requirements including the requirements of the jurisdiction where the role will be located prior to commencement of employment.

At least 10 years of legal practicing experience and significant financial regulatory expertise

Familiarity with federal, state and global data privacy and data security laws; Fair Credit Reporting Act; UDAAP; Regulation E; and other consumer protection laws

Strong analytical, organizational, strategic and written and oral communication skills

Demonstrated ability to manage a large number of issues simultaneously and effectively advise and engage management

Demonstrated leadership, problem solving and project management skills, judgment and character

A proven ability to operate in a fast-paced and dynamic environment, with the ability to effectively navigate unsettled or uncharted legal issues

An up-beat, “can-do” attitude and willingness to meet challenges head-on

Prior in-house experience in a large complex organization or government agency is a significant plus

Successfully complete a conflicts of interest clearance review prior to commencement of employment


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