The U.S. Federal Deposit Insurance Corporation (FDIC) is looking for a new legal counsel to analyze and advise the agency on matters relating to financial technology. The successful applicant will, among other duties, serve as an expert and resource for the FDIC on blockchain, smart contracts and related payment systems.
In its job posting, the agency stated that the position is in its Legal Division’s Financial Technology and Innovation Group. The position provides advice and assistance in connection with legal issues that arise from digital technologies.
The successful applicant will serve as FDIC’s recognized subject matter expert and resource in “blockchain, blockchain settlement systems, and distributed ledger development; smart contracts, utility settlement coins, and, in general, payments systems, and clearing and settlement.”
Other areas that the legal counsel will provide expert advice on include bank customer-facing digital solutions, cloud computing and other cloud-based services, machine learning and artificial intelligence, consumer data privacy laws and regtech.