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Associate Counsel (contracts)

Federal Reserve Bank of Atlanta

Federal Reserve Bank of Atlanta

Chicago, IL, USA
Posted on Saturday, November 18, 2023


Federal Reserve Bank of ChicagoThe Federal Reserve Bank of Chicago has an opening for an Associate Counsel position in its Legal Department. As Associate Counsel, you will work on contract matters and general corporate legal matters as a member of a small in-house legal team. You will provide sound legal advice and services in a consultative and collaborative way. A demonstrated aptitude for and willingness to learn other areas of the law and a clear willingness to assist colleagues in other practice areas where needed is highly desired. You will report to a Bank Officer and have no direct reports.

Your Responsibilities

  • Provide counsel and strategic legal support to the Bank's Finance department on contract-related matters
  • Review, draft and negotiate contracts for the acquisition of goods and services
  • Provide legal research and advice to department attorneys on general in-house matters related to procurements, lending and real estate
  • Review and interpret federal and state laws and regulations including those applicable to or impacting institutions over which the Federal Reserve has supervisory authority
  • Conduct legal research and provide legal advice in support of Reserve Bank operations and support activities, including information security, records management, law enforcement, employment and general corporate matters
  • Collaborate with other attorneys within the department and across the Federal Reserve System
  • Assess potential legal risks, benefits, and consequences of decisions affecting the Bank
  • Present alternatives and propose solutions to achieve client goals while managing legal risk
  • Participate on task forces, work groups, and other special projects within the Chicago Reserve Bank and the Federal Reserve System

Your Background

Graduate of an ABA accredited law school; member in good standing with the Illinois State Bar or be able to satisfy the requirements for eligibility as a registered in-house counsel

  • 2+ years relevant legal experience in a law firm or as in-house counsel
  • Experience reviewing, drafting and negotiating contracts
  • Analytical, research and communication skills
  • Experience working in an agile environment
  • Experience performing objective analysis and reasoning to solve immediate issues and to anticipate future business needs
  • Willingness to participate in rudimentary tasks
  • Willingness to take on additional tasks and projects outside of core areas

What we offer

  • Comprehensive benefits package include medical, dental, vision, prescription drug coverage, 401k savings plan, retirement plan, paid time off, transit benefit, onsite gym and subsidized cafeteria
  • A continuous learning environment with opportunities to gain new skills and grow your career


This position requires access to confidential supervisory information and/or FOMC information, which is limited to "Protected Individuals" as defined in the U.S. federal immigration law. Protected Individuals include, but are not limited to, U.S. citizens, U.S. nationals, and U.S. permanent residents who either are not yet eligible to apply for naturalization or who have applied for naturalization within the requisite timeframe. Candidates who are not U.S. citizens or U.S. permanent residents may be eligible for the information access required for this position and sponsorship for a work visa, and subsequently for permanent residence, if they sign a declaration of intent to become a U.S. citizen and meet other eligibility requirements.

In addition, all candidates must undergo applicable background checks and comply with all applicable information handling rules, and all non-U.S. citizens must sign a declaration of intent to become a U.S. citizen and pursue a path to citizenship.

As a condition of employment, Federal Reserve Bank of Chicago employees must comply with the Bank's ethics rules, which generally prohibit employees, their spouses/domestic partners, and minor children from owning securities, such as stock, of banks or savings associations or their affiliates, such as bank holding companies and savings and loan holding companies. If you or your spouse/domestic partner or minor child own such securities and would not be willing or able to divest them if you accepted an offer of Bank employment, you should raise this issue with the recruiter for this posting, who can provide you contact information for our ethics official if necessary.

We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, marital status, disability, gender, gender identity or expression, or veteran status.

m those outlined in the job description, and other duties, as assigned, are a part of the job. The Federal Reserve Bank of Chicago reserves the right to modify the elements of this job description, as business needs require.

Full Time / Part Time

Full time

Regular / Temporary


Job Exempt (Yes / No)


Job Category

Work Shift

First (United States of America)

The Federal Reserve Banks believe that diversity and inclusion among our employees is critical to our success as an organization, and we seek to recruit, develop and retain the most talented people from a diverse candidate pool. The Federal Reserve Banks are committed to equal employment opportunity for employees and job applicants in compliance with applicable law and to an environment where employees are valued for their differences.

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