Deputy Commissioner And General Counsel

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Deputy Commissioner and General Counsel
Duties: Under the supervision of the Commissioner, the General Counsel manages the day to day legal operations, including the direct supervision of the Deputy General Counsel and the Legal Unit. Providing legal services in the form of drafting such documents as regulatory approvals, formal and informal legal opinions, other bank regulatory documents including enforcement orders and consent agreements, court documents, legislation, administrative hearing findings and decisions. Manages the legal affairs with the assistance of the Deputy General Counsel, three Counsel IIs, a Legal Affairs Advisor, and a Paralegal. Serve as the legal advisor to the Commissioner and Senior Staff, providing timely legal advice, analysis, memoranda in connection with all regulatory and supervisory activities and initiatives on an ongoing basis. Subject matter includes all areas of agency supervision including state-chartered depository institutions and licensed non-depository entities. Generate legal opinions, review corporate transactions for approval, and provide legal advice on regulatory and supervisory matters. Participate in the formulation of policy relating to matters before the as a member of a Policy Group to ensure that the actions accurately reflect applicable legal requirements as well as are fair and reasonable regulatory responses. Manage implementation of legislative and regulatory strategy. Monitor, review, and provide updates on pertinent state and federal regulatory and legislative updates (both proposed and enacted) for impact on the financial services industry in Massachusetts. Act as liaison with the OCABR, and HED on legal matters to ensure coordination of agency priorities. Work with the Executive Office and the Governor’s legislative office and relevant policy advisors to assist in the advocacy for related issues. Routinely draft new regulations, administrative bulletins and amendments to the extensive regulations and to ensure that all requirements of the Administrative Procedures Act, other applicable laws and Executive Orders are complied with during the process. Respond to inquiries/requests from Legislative Committees and staffs of members of the Legislature on laws, regulations and constituent matters. Oversee and manage the day to day legal operations at the agency including the direct supervision of the Deputy General Counsel. Review for legal sufficiency, the extensive filings and briefs submitted with the numerous applications submitted by regulated entities for approval under state law which are assigned to the Legal Unit or are to be reviewed by Legal although drafted by another Unit. Communicate with senior management and boards of directors of regulated financial institutions and licensees to review and discuss specific matters requiring legal analysis and opinion. Render formal and informal legal opinions. Serve as Clerk of the Board of Bank Incorporation, a Board, which among other things, has jurisdiction over the establishment of new banks and certain acquisitions by holding companies.

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