Comerica's Corporate Legal Department has an open Senior Vice President-Divisional General Counsel position for an experienced and highly motivated individual to provide legal support to its Middle Market and U.S. Banking groups located in California, Michigan and Texas, as well as its International Finance groups in the United States, Canada and Mexico. Within these groups are loan groups covering certain specialized industries, including environmental services, captive insurance, health and education, gaming, and sports financing. The position also involves a management role that includes oversight and mentoring of direct reports, including attorneys in the various markets with responsibilities for providing legal support to the respective loan groups. The position requires effective communication and strong relationships with Comerica's executive management, the client base and outside counsel.
Comerica is predominantly a business/commercial bank, and the client groups for which this position is responsible constitute a significant percentage of the overall business and portfolio of Comerica. The Divisional General Counsel, together with the direct reports within the group, play a vital role in providing legal counsel and services, documentation and other support to assist the constituent loan groups in achieving their goal of providing exceptional, quality banking and financial services to their customers.
Successful candidates are expected to be experienced management level attorneys with great interpersonal skills, the ability to quickly assess issues, giving appropriate weight to the concerns of the stakeholders while mitigating risk and recommend appropriate courses of action, the ability to effectively communicate with executive management, senior officers, lending officers, analysts, direct reports and outside counsel.
Analyze unique and highly complex legal issues and implications in transactions, cases and other legal matters of highly significant impact to Comerica, and recommend appropriate courses of action.
Provide advice and recommendations as to proper structuring of complex loan transactions so as to minimize potential risks to Comerica.
Direct and manage activities of other attorneys and support staff.
Advise and counsel senior Comerica management of the legal implications of proposed policies and procedures, courses of action and management decision.
Negotiate lending transactions and other legal matters on the Bank's behalf in cases of highly significant impact to the Bank.
Advise senior management and others within Comerica of changes in law or other developments within the industry that may have significant impact on Comerica's business, policies, procedures or products.
Draft and/or review documentation, policies and procedures for unique and highly complex matters; determine matter strategies and find creative solutions in applying the Bank's strategic objectives.
Maintain solid relationship and communication with outside counsel to assure discussions of key issues with regard to particular transactions, market and industry developments, updating or revising loan documents or particular provisions, updating counsel with regard to credit policies, best practices and other corporate processes, legal fee issues, etc.
Manage a team of professionals that includes senior attorneys, legal assistants and administrative staff..
Travel is not typically required of this position, although some occasional travel may be required.
The Divisional General Counsel position will be located in Dallas, Texas, and will report to the General Counsel of the Business Bank, who, in turn reports to Comerica's General Counsel. The position will have direct reports located in California, Michigan and Texas.
Juris Doctorate from an ABA accredited law school.
Licensed to practice law and a member in good standing of a State Bar Association (with potential to be admitted to practice in Texas).
Ten (10) plus years of transactional/commercial lending experience and experience in providing legal support for or within a financial services institution.
Extensive knowledge and understanding of legal aspects of Middle Market and large corporate lending transactions, and current trends and developments.
Excellent legal skills and judgment, including ability to interpret and explain statutes and regulations.
Excellent verbal and written skills
Strong interpersonal, analytical, problem solving, time management and organizational skills
Ability to understand and be responsive to the business needs and partner across functions throughout the organization to achieve commercial results while mitigating risk.