Senior Counsel – Deposit and Bank Operations

  • Location
    Phoenix, Arizona
  • Posted
  • Start Date
  • Expiry Date

I’m currently partnering with on the country’s top banks in the US who are looking to recruit a Senior Counsel on a full-time, permanent basis.

This role is based in Pheonix, Arizona and you’ll need to be comfortable being in the office at least 4 days a week. Within this role, you will provide legal advice to multiple areas of the Bank. You will work with other attorneys across all other practice groups within the legal department.

Key responsibilities include:

  • Drafts standardized and customized bank agreements, forms, and other legal documents for use with customers and third- party service providers.
  • Provides legal support on compliance, operational and risk management matters including product management and development.
  • Provide legal and business risk assessment and analysis on new products and services, sales agreements, and go-to-market strategies from the concept through development to launch stage and ongoing support and solutions for various services.
  • Work cross-functionally across product and legal teams (including data privacy, intellectual property, antitrust, regulatory, compliance, and franchise) to advise holistically on product constructs and commercial agreements to ensure that they are consistent with corporate strategy, internal policies and procedures and applicable laws and regulations.
  • Provide ad hoc support to internal stakeholders across all payment services and platforms, including checks, ACH, wire transfers, and digital payments.
  • Provide ad hoc support to internal stakeholders across all cash management products, including but not limited to remote deposit capture, sweep products, and online banking.
  • Provides legal advice and representation on customer and third-party matters and disputes.
  • Participates in the definition and development of branch banking, deposit operations, and risk management policies, procedures, and quality control programs.
  • Structure, negotiate and draft commercial agreements with technology and other partners
  • Oversees the work of outside counsel for engagements on behalf of the Company.

Experience needed:

  • Juris Doctor from an accredited law school.
  • Active license to practice law in Arizona or another U.S. Jurisdiction.
  • 6-10 years of relevant experience in private practice or in-house.
  • In-depth knowledge of the legal and operational aspects of the U.S. banking industry and payments systems, including bank deposits, money transmission/money services businesses, funds transfers, check/ACH/wire processing, and payment cards.
  • Working knowledge of consumer compliance law in the financial services space.
  • Strong drafting and negotiating skills across a range of complex commercial contracts and the ability to analyze and identify core legal issues.
  • Experience negotiating and drafting commercial agreements with technology partners.

The SR Group (US), Inc. is acting as an Employment Agency in relation to this vacancy.

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