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Chief Legal Officer and General Counsel

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Location: San Antonio TX

Company Name: USAA

Occupational Category: 33-3012.00,Correctional Officers and Jailers

Date Posted: 2020-02-12

Valid Through: 2020-03-13

Employment Type: FULL_TIME


Purpose of Job
The EVP, Chief Legal Office and General Counsel leads the corporate legal function for USAA and is the senior officer responsible for the legal affairs of the enterprise.
Serves as a member of USAA’s Executive Council (EC).

Job Requirements

Managerial Responsibilities

As a member of USAA’s Executive Council (EC):
• Oversees day-to-day legal function of a large financial institution.
• Ensures effective communication and information sharing across USAA regarding legal matters.
• Provides timely, useful, and accurate information to the board of directors.
• Responds to direction from and information needs of USAA’s board of directors.
• Ensures resolution of legal risk management issues (including those identified by the firm and outstanding supervisory matters), escalating issues to the board, and communicating issues internally.

In addition, serves as leader to the legal function which involves:
• Leads design and execution of USAA’s legal strategy, taking into account USAA’s business strategy and complex regulations and nuanced supervisory expectations, including how they apply in a matrixed commercial environment.
• Role models USAA’s mission, core values, culture and desired behaviors – including a culture of risk awareness and accountability.
• Develops talent in the legal function to deliver performance and results – including the identification, development and retention of talent with requisite legal capabilities as well as providing leadership and overseeing performance management and staff development activities.
• Supervises and drives operational planning of the legal function – including core business processes and technologies.
• Oversees funding, budgeting and execution of legal initiatives and projects across the businesses and legal entities.
• Holds self and others accountable to meet commitments by setting and clearly communicating expectations and roles and responsibilities.

Technical and Risk Responsibilities
• Leads and oversees all legal activity as it pertains to USAA -- including litigation, antitrust, contract, commercial, intellectual property, property, consumer product, transactional and employment law as well as legal governance, governance and industry regulations and CoSA-specific activities.
• Provides legal and regulatory advice to the enterprise -- informs legal standards, and manages litigation.
• Oversees operations of staff counsel who provide legal services to members and/or USAA in the context of the P&C Insurance Contract.
• Identifies and assesses, on an ongoing basis, the enterprise’s legal risks -- escalates and reports on significant legal issues, variation in legal implications, and resolutions.
• Serves as point of contact for federal and state regulatory agencies for legal matters as they impact the enterprise.
• Serves on Boards of Directors of internal subsidiaries as requested.

Governance Committees

Interacts with or participates in enterprise governance committees, such as:
• Ethics Council
• Executive Council
• Risk Council
• Strategic Transactions Committee
• USAA Benefits Investment Committee

• Bachelor’s degree is required.
• Advanced degree such as a Juris Doctorate (JD) from an accredited law school is required.

• A minimum of 20 years of experience in providing legal advice to complex organizations--with significant experience providing legal advice to financial organizations-- in private legal practice, in-house counsel, regulatory agency, or equivalent with a proven track record leading comparable operations and programs is required.
• A minimum of 15 years of people leadership experience in building, managing and/or developing high-performing teams is required.
• A minimum of 15 years of relevant experience in a large financial institution ($100 billion +), including 5+ years post-Dodd Frank, in a legal role is preferred.

Regulatory Understanding*

Demonstrated understanding of the full spectrum of regulatory actions, including examinations and other supervisory engagement and processes, such as:
• Dodd-Frank Act
• Home Owners’ Loan Act
• Bank Holding Company Act
• Federal Reserve Act
• Federal Trade Commission Act (Section 5)
• Military Lending Act
• Servicemembers Civil Relief Act
• Texas Insurance Code
• Federal Securities Law

Federal regulations and supervisory guidance:
• 12 CFR Part 238 (Regulation LL)
• 12 CFR Part 252 (Regulation YY)
• 12 CFR Part 223 (Regulation W)
• 12 CFR Part 217 (Regulation Q)
• 12 CFR 215 (Regulation O)
• 12 CFR Part 5
• 12 CFR Part 30, including Appendices A through E

Federal Reserve Supervisory Guidance:
• SR 12-17 (Consolidated Supervision Framework for Large Financial Institutions)
• SR 14-9 (Incorporation of Federal Reserve Policies into the Savings and Loan Holding Company Supervision Program)
• Bank Holding Company Examination Manual
• Federal Reserve proposals concerning Board effectiveness and core principles of effective senior management, management of business lines, and independent risk management and controls
• OCC Supervisory Guidance: Large Bank Supervision Handbook; Corporate and Risk Governance Handbook; key OCC bulletins (Model Risk Governance; New Products and Services Risk Management; Third-Party Risk Management)
• FFIEC guidance


Industry certification, such as being a member in good standing of at least one state bar and ability to meet additional state bar licensing requirements, as applicable, is required