This position is located in the Government of the District of Columbia (District), Department of Insurance, Securities and Banking (DISB), Office of the General Counsel (OGC). The OGC is responsible for conducting all of the legal business of DISB.
This position serves as an Attorney Advisor (Finance) responsible for providing expert senior level legal advice, interpretations and determinations on matters involving securities and banking law, consumer protection, and administrative procedure.
Duties and Responsibilities Represents DISB in banking cases involving violations of the District laws before the DISB Hearing Officer and the D.C. Office of Administrative Hearings. Provides legal advice relating to the interpretation and applicability of all banking laws, rules and regulations administered by the DISB regarding complex legal cases. Provides legal and interpretive advice related to District-chartered banks, non-depository companies, and other financial institutions in the District. Conducts legal document research dealing with proposed and existing laws and amendments. Prepares and reviews management responses to selected sensitive and confidential inquires and correspondence. Keeps abreast of judicial and DISB interpretations of laws and regulations, particularly changes related to the function of DISB programs; and provide recommendation of appropriate courses of action. Monitors the actions of the U.S. Congress and the Council of the District of Columbia, and draft proposed legislation and formulates appropriate responses.
Represents DISB in administrative hearings involving violations of the District’s banking laws; and prepare evidence, briefs, motions, and other documents to support cases, as necessary. Assists with litigation support and manages concerns between District officials, administrative bodies, and external parties regarding actions taken during administrative matters. Works on the administrative adjudicative process, including the gathering of information and documentation to support evidence in connection with administrative enforcement actions. Assists in reviewing and revising directives and correspondence, including standard operating procedures, inspection reports, reporting requirements, and other legal documents related to enforcement actions. Provides advice regarding compliance with applicable personnel regulations, agreements, and actions.
Must have a law degree (LLB) or (JD) from an American Bar Association (ABA) accredited law school.
Have at least three (3) years post J.D. experience one of which was specialized experience equivalent to the next lower grade level.
Seven (7) years post J.D. experience preferred.
Must be a current member in good standing of the District of Columbia Bar or have the ability to waive in and be admitted into the District of Columbia Bar within 360 days of appointment. An appointee to the Legal Service position shall remain a member in good standing of the District of Columbia Bar during their employment in the Legal Service.
About Department of Insurance, Securities and Banking
DISB’s goal is to protect the interests of District of Columbia consumers from unfair and abusive practices, while providing an equitable business arena for the regulated entities operating in Washington, DC.
The mission of the Department of Insurance, Securities, and Banking (DISB) is three-fold:
cultivate a regulatory environment that protects consumers and attracts and retains financial services firms to the District;
empower and educate residents on financial matters; and
provide financing for District small businesses.
DISB regulates the following financial services entities:
insurance companies, insurance producers, health maintenance organizations, captive insurance companies, and risk retention groups;
investment advisers, investment adviser representatives, broker-dealers, broker-dealer agents, securities issuers, and agents of issuers; and
District and state-chartered banks, mortgage lenders and brokers, mortgage loan originators, check cashers, money transmitters, consumer sales finance companies, money lenders, appraisal management companies, student loan servicers, and consumer service contract organizations.
