DESCRIPTION OF ORGANIZATION:
BB&T's Technology & E-Commerce Practice Group (“TEC”) provides advice on state and federal laws pertaining to the electronic delivery of financial services, including advice and assistance in the following areas:
- Payment cards and card network and association rules;
- Payment systems and network agreements;
- Retail and commercial electronic payment services;
- Internet-related financial services;
- Privacy and data security issues;
- Supplier and service provider agreements;
- Fraud mitigation and risk management advice on all types of electronic payment products and services;
- Intellectual property creation and protection.
The Regulatory Practice Group oversees and coordinates the Legal Department's support to BB&T Corporation and its subsidiaries with respect to federal and state financial services statutes and regulations, including the following:
- Legal support to the Corporation's risk management functions and regulatory implementation initiatives;
- Coordinate with other practice groups and departments to identify regulatory needs and provide assistance to the Corporation;
- Advise on interpretation and application of federal and state laws and regulations applicable to financial holding companies;
- Advise on the permissibility of activities conducted by the Corporation;
- Support relationships with regulatory agencies in coordination with other corporate departments.
Legal Externship Program:
The TEC Practice Group is located in Raleigh, NC and is one of 12 Practice Groups within the BB&T Legal Department, which is headquartered in Winston-Salem, NC. The Legal Department is unique in that many of the 37 attorneys and additional support staff are located throughout several states within the “BB&T footprint”. As a small but vital practice group consisting of 6 attorneys, 1 paralegal, and 1 legal assistant, the TEC Practice Group (as well as the Regulatory Practice group) offers externs the opportunity to become directly involved with the attorneys on the broad range of legal and policy matters. The "small in-house legal” environment enables an extern to experience a wide range of state and federal law issues common to all federal agencies, as well as those issues unique to BB&T, while receiving class credit for their time here.
A Legal Extern is expected to be able to conduct research projects and draft memoranda with appropriate supervision. In addition, the extern may be called upon to draft correspondence, track pending legislation, attend meetings, and to otherwise assist the TEC and Regulatory Practice Groups with their duties. Solid writing skills and an interest in corporate counsel are essential. We strongly prefer second or third-year students and someone who can work autonomously without much supervision.
A Legal Extern is expected to be able to conduct research projects and draft memoranda with appropriate supervision. In addition, the extern may be called upon to draft correspondence, track pending legislation, attend meetings, and to otherwise assist the TEC and Regulatory Practice Groups with their duties.
COURSE OR OTHER REQUIREMENT/PREFERENCES FOR STUDENT:
The candidate must have excellent communication, organizational, research, writing and analytical skills and also be familiar with the Westlaw online search portal. The candidate must also be an independent worker and complimentary to our team culture. Solid writing skills and an interest in corporate counsel are essential. We strongly prefer second or third-year students.
A writing sample (no more than ten pages) is preferred.