Senior Regulatory and Compliance Counsel - NBS

Nelnet Business Services (NBS), a division of Nelnet, Inc., provides payment technology, education services, and learning management solutions to education and faith-based organizations, serving more than 1,300 higher education institutions, 11,500 K-12 schools, 3,500 churches, and millions of individual students, families, and supporters across the globe. Our culture of service enables us to form long-lasting and trusted partnerships, while our focus on creativity and innovative solutions empowers our customer communities to thrive.

 

As a Nelnet company, the perks at NBS go beyond our benefits package. You’re part of a community, invested in you as an individual and united by our mission to create opportunities for people where they live, learn and work.

The Senior Regulatory and Compliance Counsel enhances the compliance and consumer protection environment through the accurate interpretation and timely implementation of complex federal and state statutes, regulations, and industry policies applicable to Nelnet Business Solutions’ (NBS’) various areas of business. In addition, Counsel collaborates with the entire Compliance & Risk Team, Leadership in Nelnet Payment Services (NPS), as well as Nelnet Legal Services, Enterprise Compliance, and Enterprise Risk Management. This position also manages relationships with NBS and NPS partners, including card brands, processors, and other critical relationships, as well as develops creative solutions to comply with applicable laws and regulations while achieving strategic objectives and competitive advantages.

JOB RESPONSIBILITIES:
1.    Remain current with all legal, regulatory, and policy issues pertaining to the various lines of business within NBS, including but not limited to privacy, Truth in Lending Act (TILA), Federal Regulation E, money services business (MSB).
2.    Build and maintain familiarity with card brand and Automated Clearing House (ACH) regulations.
3.    Communicate NBS’ compliance positions to government agencies and other regulatory authorities.  
4.    Analyze, summarize, and make recommendations for internal or external reports concerning NBS.  
5.    Create analytical write ups for internal review.
6.    Represent NBS in various industry associations on matters related to compliance development and standardized industry processes and forms.
7.    Review and approve marketing collateral and publicly distributed documents and presentations for accuracy relating to compliance.
8.    Manage contract reviews and interpretation, including negotiations for client changes requested for payments contracts.
9.    Participate in product reviews to ensure legal and regulatory compliance.
10.    Interpret existing and proposed applicable federal and state statutes, regulations, and sub-regulatory guidance, and coordinate with NBS management and multiple departments to ensure direct and consistent interpretations and compliant applications of federal …