Senior Counsel, Cash Management – Vice President

Role Overview

• Provide day-to-day support across the business including working with the sales, coverage and implementation units in communicating with clients, negotiating changes to both standard regional and global documentation requested by representatives of such clients and proposing and drafting compromise language.
• Advise on applicable regulations impacting cash management services, including: UCC Articles 4, 4A and 9, the NACHA Rules, OFAC and sanctions requirements, electronic signature laws, and payment systems and electronic funds transfer laws.
• Advise on receivables financing, supply chain financing, letters of credit, import/export financing, commodities, risk participations, and various other short-term lending arrangements.
• Identify unusual legal, operational or credit risks and ensure that such risks are appropriately addressed and/or escalated.
• Assist with structuring new business transactions and new product offerings and endeavor to provide legal support without significant reliance on outside counsel.
• Collaborate with strategic partners in various departments, seeking guidance and input from colleagues throughout the organization to ensure solutions balance the Bank’s risk framework with the Corporate Bank business needs.
• Provide advice to senior Legal Department management on transactional legal requirements, best practices and technology tools and solutions
• Collaborate with colleagues globally in the Bank’s Legal Department, Technology Data & Innovation (TDI) function and other infrastructure functions

Requirements

• Significant years of relevant experience at a law firm and/or in-house counsel at a financial institution with emphasis on structuring, drafting and negotiating documentation for complex bank finance or commercial transactions.
• Prefer experience with either cash management transactions including, master cash management agreements, payment services and ACH agreements, wire transfer and electronic funds transfer terms, lockbox, sweep and liquidity products and merchant services, card and digital payment documentation, deposit account control agreements and credit support documentation or trade finance agreements including accounts receivable financing, import/export transactions, letters of credit, security agreements, risk participations, etc.
• Must possess strong communication and drafting skills and demonstrate experience in risk identification and analysis
• JD and at least one state bar admission (active and good standing). Florida or NY preferred but will consider other locations

Benefits

• A diverse and inclusive environment that embraces change, innovation, and collaboration
• A hybrid working model, allowing for in-office / work from home flexibility
• Generous vacation, personal and volunteer days
• Employee Resource Groups support an inclusive workplace for everyone and promote community engagement
• Competitive compensation packages including health and wellbeing benefits, retirement savings plans, parental leave, and family building benefits
• Educational resources, matching gift and volunteer programs