Job Description:At Regions, an Assistant General Counsel will have the opportunity to provide legal advice and guidance to clients and colleagues on a wide variety of legal issues. The Legal Department is focused on attracting, retaining, and developing great people in an inclusive environment where each person is valued for the distinct skills and attributes they bring to the team. Please see additional information regarding this position listed below skills/competencies.
Primary Responsibilities- Assists and partners with business units to provide practical legal advice on issues related to complex business and banking matters
- Provides strategic, pragmatic, and trusted legal advice to business units
- Advises management as to the interpretation of laws and regulations and on new and recent changes in laws and regulations that affect the Bank
- Monitors and remains up to date on emerging legislative developments that may affect the Bank
- Participates in line of business-initiated projects such the drafting of policies and procedures on new regulations and amendments or new interpretations of existing regulations
- Provides seasoned assessment of legal risk when business decisions are made, demonstrating consideration for the Bank's reputation as well as our clients and assets
- May work with outside counsel on legal issues impacting the Bank
- May lead other Assistant General Counsel, specialist, or paralegal staff
- May provide assistance with training bankers, associates, operational staff, and customer support staff on legal issues
This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.
This position is incentive eligible.
Requirements- Law Degree
- Licensed in good standing to practice law in at least one jurisdiction
- Six (6) years of legal experience at a regulatory agency, in the financial services industry, or at a law firm with strong knowledge of bank regulations or other relevant practical legal experience
Skills and Competencies- Ability to assimilate and analyze facts and present complex issues in a clear and concise manner and provide succinct results-oriented legal advice
- Ability to build strong partnerships with business colleagues to drive results
- Ability to manage a high-volume workload and reach prompt, pragmatic decisions
- Ability to work in a collaborative environment with multiple stakeholders
- Advanced analytical, research, decision-making and problem-solving skills combined with effective time management and project management/planning skills
- Demonstrated ability to comfortably operate in a constantly changing environment
- Excellent verbal and written communication skills
- Strong organizational skills
Additional Responsibilities:• Drafts, reviews, negotiates, and approves a broad range of vendor contracts, including master agreements, statements of work, subscription agreements, software licenses, and nondisclosure agreements.
• Partners with Procurement, business stakeholders, Cyber Security, Privacy, Third Party Risk Management, Compliance, and other control functions to identify and mitigate legal and regulatory risks.
• Advises on contract provisions involving data privacy, information security, artificial intelligence, intellectual property, confidentiality, and regulatory compliance.
• Balances legal risk management with business objectives to facilitate timely execution of strategic initiatives and vendor relationships.
• Develops and maintains contract templates, negotiation guidance, playbooks, and other tools to drive consistency, efficiency, and risk mitigation.
• Supports enterprise initiatives by assessing contractual, operational, and legal risks associated with new products, services, and technologies.
• Manages complex negotiations with vendors and internal stakeholders while providing practical, business focused solutions.
• Monitors legal and regulatory developments affecting third party contracting and procurement practices and advises on necessary process or contract updates.
• Contributes to continuous improvement efforts by enhancing contracting processes, reporting, training, and governance to improve efficiency and strengthen risk management.
Position TypeFull time
Compensation DetailsPay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.
The target information listed below is based on the Metropolitan Statistical Area Market Range for where the position is located and level of the position.
Job Range Target:Minimum:$110,470.25 USD
Median:$157,150.00 USD
Incentive Pay Plans:This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.Opportunity to participate in the Long Term Incentive Plan.
Benefits InformationRegions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for benefits-eligible associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.
- Paid Vacation/Sick Time
- 401K with Company Match
- Medical, Dental and Vision Benefits
- Disability Benefits
- Health Savings Account
- Flexible Spending Account
- Life Insurance
- Parental Leave
- Employee Assistance Program
- Associate Volunteer Program
Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.
https://www.regions.com/about-regions/welcome-portal/benefits
Location DetailsRegions Center
Location:Birmingham, Alabama
Job applications at Regions are accepted electronically through our career site for a minimum of five business days from the date of posting. Job postings for higher-volume positions may remain active for longer than the minimum period due to business need and may be closed at any time thereafter at the discretion of the company.
