Lending Compliance Counsel (Hybrid)

About the role

At TruStage, we're on a mission to make a brighter financial future accessible to everyone. We put people first, and work hand in hand with employees and customers to create a diverse and inclusive environment. Passionate about building insurance and financial services solutions, we push the boundaries of what's possible. We need you to help us shape what's next. You'll be encouraged to share your experiences, ideas and skills to help others take control of their financial future. Join a team that has received numerous awards for being a top place to work: TruStage awards and recognition Job Purpose: This role applies legal, regulatory, compliance, and financial services product expertise to support the design, maintenance, testing, and delivery of compliant Compliance Solutions products and solutions. The position researches and interprets federal and state legal and regulatory requirements, translates those requirements into clear product functionality, business rules, data requirements, documentation, and testing expectations, and helps ensure that products create legally enforceable instruments and support compliant use by banks, credit unions, fintechs, and other financial services clients. Job Responsibilities: Assists in ensuring that Compliance Solutions content complies with federal laws and regulations, other governing authority requirements, and industry best practices, and that it creates enforceable legal instruments. Assists in ensuring that products and solutions meet or exceed the wants and needs of current and prospective clients and business partners. Assists in defining product functionality, including language, data, and software functionality, product/release documentation, and all business rules required by the market. Assists in identifying, creating and maintaining all required data including its structure and metadata, to drive compliant, warranted functionality of products that satisfies market needs and industry best practices. Assists in conducting product testing and review to evaluate changes and ensure development work conform to product requirements defined. Assists in providing support for both internal and external inquiries about assigned product matters. Assists in proactively educating internal staff, current and prospective business partners and clients on product design, upcoming product updates and development efforts, and industry trends. Participating in any product team initiative or special project(s), as needed. Position Specific : Under the direction of the Team Lead and/or Product Manager, with increasing autonomy, ensures that Compliance Solutions content complies with federal laws and regulations, other governing authority requirements, and industry best practices, and that it creates enforceable legal instruments. Research, analyze, and interpret applicable federal and state statutes, regulations, agency guidance, case law, enforcement trends, and industry best practices impacting Compliance Solutions products. Monitor legal and regulatory developments and assess their impact on product content, legal instruments, disclosures, business rules, calculations, data fields, workflows, documentation, and client-facing functionality. Perform thorough and timely analysis of Research Engine pings and accurately identify required changes to products and solutions. Monitor quality of Research Engine pings and identify and suggest improvements to Team Lead to ensure all applicable legal and regulatory requirements are covered. Assess market demand and competitive products and related industry developments and proactively suggest product changes and new opportunities to Team Lead. Analyze priority of identified changes and proactively communicate the proposed change and priority to Team Lead. Under the direction of the Team Lead and/or Product Manager, with increasing autonomy, ensures that products and solutions meet or exceed the wants and needs of current and prospective clients and business partners. Review and analyze applicable federal and state statutes, regulations, and other resources and effectively communicate with clients, internal staff, and business partners on legal, regulatory, industry best practices, or other product questions or issues. Proactively identify, analyze, and implement changes to existing Products and content, and identify new products and content that lead to increased diversification and profitability for Compliance Solutions. Review and respond to logged issues (e.g., IRs) and pending requests for changes in a timely manner. Evaluate feasibility and define business case new product functionality prior to initiating a product change. Understand and analyze how the business partner's integration method relates to the requested change and product updates. Analyze product related information from all functional groups within Compliance Solutions, from business partners and clients and from review of competitive offerings and emerging i