The Clearing House

Role Description The Clearing House Association L.L.C. (“Association”) is seeking a Regulatory and Legislative Affairs Counsel to report to the SVP, Director of Regulatory and Legislative Affairs. The position works closely with the Director of Regulatory and Legislative Affairs to implement the Association’s advocacy efforts regarding the payments industry and payments-related issues. - Monitor important developments in the payments industry. - Develop advocacy positions on payment-related issues important to large banking organizations and the financial sector. - Identify ways to advance advocacy with the support of the Association Managing Board of Directors. - Communicate regularly with federal agencies responsible for regulating payments and consumer protections. - Areas of recent advocacy include stablecoins, tokenized deposits, instant payments, debit interchange, anti-money laundering, and sanctions regulations. - Monitor and address relevant Congressional actions and judicial proceedings as necessary. Essential Functions and Responsibilities - Draft or oversee outside counsel drafting of comment letters, whitepapers, blog posts, meeting decks, amicus briefs, and other advocacy documents. - Advocate Association positions in meetings with federal agencies on payments issues. - Serve as a primary point of contact with member executives on payments-related advocacy matters. - Develop and lead issue-oriented advocacy meetings with regulators, trade association staff, senior bank executives, Congressional staff, think-tanks, and others. - Maintain strong relationships with government and legislative affairs staff at Association member banks and other trade associations. - Stay apprised of payments-related advocacy issue developments in real time. - Serve as a subject matter expert to The Clearing House staff on payments-related advocacy matters. - Speak and participate in public forums as an expert and advocate for Association views. - Assist with planning and executing The Clearing House Annual Conference. - Other duties as assigned. Qualifications - JD and licensed attorney. - 5-10 years’ experience working on payments-related matters in a law firm, bank, or regulatory agency, or on advocacy for the financial industry. - Demonstrated ability to quickly grasp new and complex business/legal concepts and formulate solutions. - Excellent interpersonal skills, dynamic and highly team oriented. - Ability to form and maintain strong working relationships with internal and external clients and stakeholders. - Demonstrated ability to multi-task, prioritize changing deadlines, and produce quality work in a fast-paced environment. - Strong business judgment, strategic thinking, and collaborative problem-solving skills. - Exceptional communication, research, and writing skills. - Must be able to work with other attorneys and administrative support staff. - Mastery of Microsoft Word, PowerPoint, and virtual meeting platforms (e.g., Webex, Zoom, Teams). - Ability to engage in regular travel as needed for in-person meetings with regulators, legislative staff, member bank representatives, and conferences. Physical Demands and Work Environment - The ideal candidate will be located in the Washington, D.C., metro area and would work remotely from home. - Travel to client meetings, conferences, and other events, along with occasional travel to New York City, will be required. - The working environment is generally favorable with adequate lighting and temperature, and no hazardous or unpleasant conditions. Compensation and Benefits - The anticipated annual salary range for DC-based candidates is $180,000 to $190,000. - Base salary and position level will be determined by the role, experience, skill set, and location. - Discretionary incentive compensation may be awarded contingent on personal and company performance. - Benefits program includes medical, dental, vision, life insurance, 401k plan with company contribution and match, tuition reimbursement, and more. Company Description The Clearing House (TCH) is a banking association and payments company owned by the largest commercial banks in the United States. TCH owns and operates the core payments system infrastructure in the US and is currently modernizing that infrastructure by launching a new, ubiquitous, real-time payment system. - TCH is the only private-sector ACH and wire operator in the US, clearing and settling nearly $2 trillion in US dollar payments each day. - TCH has provided critical services to the banking industry since 1853. - Core products facilitate services including Direct Deposit of payroll, bill payments, and check image exchange.