Assistant General Counsel

First National Bank of BuhlMinnesota, New yorkFull TimeOn Site


Who we are

The First National Bank of Buhl is a full-service bank serving Minnesota's Iron Range with two branches in the communities of Mountain Iron and Buhl. The Bank was recently purchased by the CEO and Founder of M1 Finance, a fintech unicorn.

We are building a new Banking-as-a-Service ("BaaS") platform designed to be the future of banking. With this platform, we will partner with fintech companies to help launch innovative banking products. We are also investing in our local community through growth and innovation.

With a commitment to top level customer service and the technology to lead banking into the future, we are looking for like-minded people to help us achieve our vision. If you believe that helping our customers reach their financial goals is the key to success, we are the place for you.

What we're looking for

The First National Bank of Buhl ("Bank") is seeking an Assistant General Counsel to oversee laws, regulations, and rules that are applicable to U.S. consumer and commercial lending for the Bank. This individual will report to the VP Compliance, and will be responsible for all legal contracts between the Bank and its partners and vendors, advise management on legal issues, escalate updates to laws and regulations, and help ensure the Bank status as a true lender for the new Banking-as-a-Service ("BaaS") product offering.

What you'll do

  • Advise Bank on legal matters while providing legal interpretation to management on a wide range of topics
  • Create legal agreements between Bank and partners to ensure all applicable laws are being observed and protect Bank status as a true lender
  • Draft and advise contracts with third-party vendors, such as servicing, collections, audit, information security, information technology, card network, card processors, and others
  • Collaborate with broad Compliance team and the firm on strategic planning and training
  • Continuously remain informed of changes to all law and regulations and it pertains to the Bank, escalating any potential risks to management

Qualifications

  • 6+ years of work experience as an attorney at a bank, financial technology or finance company, or U.S. law firm
  • J.D. from accredited U.S. law school required
  • Licensed to practice law in good standing in one or more U.S. states required (MN/IL/UT preferred)
  • Experience with commercial and consumer lending laws
  • In-depth experience in contract drafting and negotiation with knowledge of Banking-as-a-Service industry
  • Ability to effectively communicate with C-level executives and provide guidance as needed
  • Inquisitive nature with a desire to challenge the status quo
  • Must be able to work both in a team and individually

Commitment to Diversity

First National Bank of Buhl is an equal opportunity employer. We celebrate different experiences and we're committed to diversity, equity, and inclusion (DEI) at all levels of the company. Women, minorities, veterans, members of the LGBTQIA+ community, and individuals with disabilities are strongly encouraged to apply.

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