Collections and Recovery Assistant General Counsel

Full-time 9 views 1 applications
Company BCG Attorney Search Location Elk Grove Village, IL, United States



4-20 yrs required



Elk Grove Village office of our client seeks collections and recovery assistant general counsel with 5 years of default servicing experience, preferably in the banking or financial services industry. Experience supporting both pre and post-charged off accounts and unsecured products (e.g. credit cards or personal loans) is preferred. The candidate will counsel executive and mid-management level business clients on the legal, business, and operational issues associated with the Fair Debt Collection Practices Act, state debt collection laws, United States Bankruptcy Code and local rules, probate laws, Truth-in-Lending, Fair Credit Reporting Act, Gramm-Leach Bliley, Telephone Consumer Protection Act, Equal Credit Opportunity Act and other applicable federal and state laws governing the servicing and collection of consumer debts. Provide day-to-day legal support in the development of policies and procedures, customer-facing documents, outbound/inbound telephone scripting, vendor contracts, and training materials. Provide legal support for escalated issues which may include threatened litigation and executive or regulatory complaints. Provide the Collection/Default Management groups with the prompt and well-reasoned legal support that positions the business in a competitive and legally sound environment. Conduct audits of third parties, such as collections law firms, as part of Citi's third-party oversight program. Work closely with managing counsel and lead attorney to address any audit issues. Provide legal analysis of new or amended laws related to default servicing, and support the business implementation of changes necessary to comply with law changes. Provide analysis and comment on proposed legislation and keep business partners informed of potential changes and impacts. Must be a member in good standing of any state Bar.

Company info

BCG Attorney Search

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