VICE PRESIDENT/SENIOR VICE PRESIDENT, DIGITAL FINANCE & INNOVATION

Position Title: Vice President/Senior Vice President, Digital Finance & Innovation

Department: Regulatory Affairs

Reports to: Executive Vice President, Co-Head of Regulatory Affairs

Job Type: Full Time, Exempt

Salary Range: $300,000-$450,000 (depending on profile of candidate)

Mission Of Organization

The Bank Policy Institute (BPI) is a nonpartisan public policy, research, and advocacy group, representing the nation’s leading banks. Our members include universal banks, regional banks and the major foreign banks doing business in the United States. Collectively, our members employ millions of Americans, make a majority of the nation’s small business loans, and serve as an engine for financial innovation and economic growth. Our staff includes economists, researchers, financial analysts, and attorneys, all focused on using data and analysis to shape sound policy. We distribute our research and analysis to U.S. and global regulators, members of Congress, academics and media through academic-quality research papers, blog posts, white papers, comment letters, and Congressional testimony. Knowledge of fraud threats and fraud mitigation strategies in the banking and payments sector is a plus but not required.

Position Summary

This position will play an important role in developing and communicating BPI’s advocacy positions on a variety of topics related to evolving digital finance activities and use of novel technologies, including, but not limited to, distributed ledger technology. This position will work directly with subject matter experts from leading banks to develop advocacy strategies related to banks’ innovation and use of novel technologies to conduct financial activities, including with respect to payments. This individual will be responsible for drafting regulatory comment letters, white papers, issue summaries, and other advocacy-related materials, such as blog posts, about these topics. The position also will work with BPI’s Government Affairs team on legislative and related policy issues and with BPI’s communications team to develop and execute advocacy strategies on bank innovation in financial services. Knowledge of and/or experience with emerging technologies and the competitive landscape in the digital finance ecosystem is required. The person should be enthusiastic about technology and understand innovative financial services solutions.

This position may be designated as Vice President or Senior Vice President based on qualifications of candidate.

Essential Functions And Responsibilities

• Work directly with BPI member banks and other relevant stakeholders to research, assess and forecast the emerging effects of new technologies and marketplace developments on banks and the services they provide to customers.
• Working with member firms, lead development of BPI’s regulatory advocacy regarding the use of novel technology to engage in financial activities, including through comment letters, white papers, blogs, and other written materials.
• Advocate BPI’s position on innovation and the use of novel technology, such as DLT, by meeting regularly with policymakers and federal agencies including, the Office of the Comptroller of the Currency, the Federal Reserve Board, the Federal Deposit Insurance Corporation, and the Consumer Financial Protection Bureau, among others.
• Manage BPI member committees or working groups to include organizing and leading meetings with subject matter experts to develop consensus on policy and legal issues, which are then reflected in BPI’s communications.
• Conduct research and draft memoranda, articles and blog posts as well as advocacy documents, and comment letters in response to regulatory proposals.
• Closely monitor the use of novel technologies in the financial services ecosystem and activities of federal regulatory agencies and Capitol Hill on relevant matters and provide rapid and succinct analysis to BPI members.
• Work collaboratively with the BPI Communications Department to ensure effective messaging on regulatory and policy issues, including interviews with media.
• Assist the BPI Government Affairs staff in their efforts on Capitol Hill by analyzing legislation, drafting Congressional testimony and other materials and attending meetings with Hill staff.
• Speak at meetings and conferences on issues of importance to BPI’s members.
• Work collaboratively with other trade associations and industry groups on issues of joint interest.
• Assist with planning BPI’s conferences, symposia and events, including developing agendas, identifying speakers and preparing briefing materials.
  
  

Knowledge, Skills, And Abilities

• BA/BS Degree required; master’s degree or JD preferred.
• Minimum of five-to-eight years of relevant experience in the financial services industry, including fintech and crypto firms, or a consulting firm or similar. Strong knowledge of the evolving financial services ecosystem and use of novel technologies, including DLT, in financial services, including, but not limited, to payments.
• Knowledge of evolving fraud threats and fraud mitigation strategies in light of novel technologies a plus, but not required.
• Excellent analytical, decision-making and problem-solving skills.
• Advanced client management, diplomacy and people skills, including consensus building.
• Strong, concise, accurate, and effective written and oral communications; must be able to communicate and coordinate with individuals across all levels of a financial institution.
• Ability to thrive in a team environment while also taking initiative and working independently, with ability to multi-task and prioritize objectives and deliverables.
• Strong attention to detail and organizational and project management abilities.
• Intellectual curiosity for learning about the financial services industry.
  
  

BPI seeks to attract and retain top talent by offering a competitive compensation package that includes excellent health and dental insurance, generous retirement savings plans, tuition reimbursement, student loan repayment assistance and commuting assistance (either bike, Metro or parking).

This is a Washington, DC-based position, and the successful candidate generally will be expected to work in BPI’s DC office Monday-Thursday each week, with the option to work remotely 20 days per year. Fridays are typically work-from-home days.

All applicants must be authorized to work lawfully in the United States for BPI. BPI will not sponsor or take over sponsorship of employment visas.