Job Description:This job is responsible for providing legal counsel on products, services, regulatory matters, and commercial credit transactions that support the Commercial Banking business. Key responsibilities include structuring, negotiating and advising on commercial credit arrangements as well as specific advice regarding commercial legal framework. Job expectations include partnering with business, risk, compliance, and legal stakeholders to support strategic initiatives, managing complex legal matters, and providing practical legal guidance that aligns with business objectives and regulatory requirements.
Responsibilities:- Analyzes legal issues and implications on products, services, and regulatory matters related to the commercial banking business
- Communicates clear, concise, actionable, and business-informed legal advice, including occasionally to leadership
- Interprets rulings, laws, and regulations from a compliance and business control standpoint
- Drafts, reviews, and/or negotiates complex legal documents, such as engagement letters, debt agreements, offering documents, and legal opinions
- Gathers, assesses, and evaluates information from various sources with an open mind to make a judgment or inference
- Supports company responses to government agency examinations and investigations, enforcement actions, private complaints, and litigation
- Directs the work of outside legal counsel and may coordinate the work of other Legal staff such as Paralegals and trains, mentors, or supports the development of peers
- Openness to learning and using new technologies in role
- Ability to work with variety of stakeholders across the enterprise (credit, risk, compliance, business partners etc.)
Required Qualifications:- 4+ years relevant experience with emphasis on structuring, drafting and negotiating documentation commercial credit facilities
- Relevant documentation and transactional experience should include some work with single lender and syndicated credit agreements, security agreements, inter-creditor agreements, commitment letters and term sheets as well as other commercial finance documentation
- Candidates must possess strong communication skills and demonstrate experience and confidence in risk identification and analysis, and risk management decision making
- One state bar admission (active/good standing)
Skills:- Advisory
- Influence
- Interpret Relevant Laws, Rules, and Regulations
- Policies, Procedures, and Guidelines
- Risk Management
- Critical Thinking
- Decision Making
- Issue Management
- Legal Drafting and Writing
- Regulatory Compliance
- Attention to Detail
- Collaboration
- Executive Presence
- Legal Structures and Legal Forms
- Problem Solving
Minimum Education Requirement: Doctorate degree in related field
Shift:1st shift (United States of America)
Hours Per Week: 40
Pay Transparency detailsUS - IL - Chicago - 540 W Madison St - Bank Of America Plaza (IL4540), US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100), US - NY - New York - 114 W 47th St - 114 W 47th St - Ust (NY8114)
Pay and benefits information
Pay range
$175,000.00 - $259,700.00 annualized salary, offers to be determined based on experience, education and skill set.
Discretionary incentive eligible
This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.
Benefits
This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.
