Michael Babb

Experience

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  Supreme Court of Alabama

  Jan 1999 - Jan 2000

  Law Clerk

  The Honorable John H. England, Jr.

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  Governor of Alabama

  Jan 2000 - Jan 2001

  Deputy Policy Director/Legislative Liaison
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  Thomas, Means, Gillis & Seay, P.C.

  Jan 2001 - Jan 2003

  Associate
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  Covenant Land Title, LLC

  Jan 2003 - Jan 2005

  Managing Counsel

  Prepared and settled closings for residential and commercial properties. Prepared deeds for individual clients and banking insitutions.

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  Midnight Properties, LLC

  Jan 2006 - Jan 2007

  General Counsel

  The legal advisor that oversaw rezoning issues, subdivisions of property and condominium agreements, and finance agreements.Served as managing attorney, responsible for the management of all legal issues and financial relations. Handled all real estate and property issues. Advised executives and managers regarding legal issues. Created administrative efficiencies by standardizing contracting processes. Collaborated cross-functionally with boards and governments to successfully move projects from implementation to completion.*Managed legal matters for a group of 50 properties. Show less

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  Peoples Bank of Alabama

  Jan 2007 - Jan 2014

  General Counsel - Risk and Compliance Officer

  Oversaw all legal operations; Developed the Enterprise Risk Management department and chaired the Risk Management and Compliance Committees.Managed all legal operations for the bank including corporate and legal compliance and litigation. Consulted and advised the bank's Board of Directors and Senior Management. Audited and revised contracts and agreements company-wide. Served as corporate secretary for all board meetings and drafted all minutes and resolutions.*Established the Enterprise Risk Management Department and served as Risk Committee Chair and Compliance Committee Chair*Implemented one of the only fully developed ERM Departments in a Community Bank In the country.*Served on General Counsel roundtable for Independent Community Bank Association*Served as an officer for Alabama Bankers Association*Served as Trustee for Retirement Plans: ESOP and 401k*Successfully kept the litigation payouts against the bank less than $50k over 7 years Show less

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  Law Office of Michael Babb LLC

  Jan 2014 - Jan 2015

  CEO

  Private practice specializing in real estate, business transactions, and risk management.Ran an independent litigation practice focusing on identifying and responding to the specific needs of individual and corporate clients.Key Achievements:*Continued managing legal and risk matters for Peoples Bank of Alabama*Consulted with other community banks in Alabama in the areas of legal, compliance and risk management*Opened and operated a real estate title company

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  Redstone Federal Credit Union

  Jan 2016 - Jan 2018

  Senior AVP- Legal Counsel/ Enterprise Risk Manager

  Established the company's Enterprise Risk Management department and partnered with General Counsel to design and implement the company's legal department.Oversaw and administered operations within the legal department including building and establishing legal/ compliance teams. Devised strategic plans to develop the company's enterprise risk management department. Managed policy creation and enforced guidelines. Key Achievements:*Established the Enterprise Risk Management Department including all software implementation*Implemented ERM analysis to be both Qualitative and Quantitative by tying risks to financial performance*Integrated the Risk and Compliance functions into the strategic processes of the company and moved away from reviews only (Moved toward true GRC Intergration)*Identified high areas of both costly risks as well as opportunity risks*Worked with the General Counsel to establish the Legal Department and implement the software to streamline operations*Successfully managed the Legal, Risk and Compliance Departments simultaneously*After 18 months, the ERM Department was recognized by the NCUA as one of the best they had seen*Obtained Risk Management Expert certifications from NAFCU and CUNA; Obtained Compliance Expert from NAFCU Show less

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  FirstKey Homes

  Jan 2018 - Nov 2020

  Senior Corporate Counsel

  Provide corporate legal expertise, corporate compliance, legal operations expertise, and contract managementOversee corporate compliance for the entire organization and work with the General Counsel to streamline legal operations. I oversee all contract management and negotiations including leases for all 26 markets. I am the primary legal resource for Human Resources. I oversee all general litigation and work with outside counsel to get positive resolutions. Key Achievements:*Developed and implemented the Compliance Program and drafted the structural compliance policies*Implemented the Case Management System Show less

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  Equify Financial, LLC

  Jun 2021 - now

  General Counsel