Senior Counsel - Treasury Mgt, Merchant Services and Financial Institutions Group

Responsibilities

Provide legal support for Treasury Management, Merchant Services and Financial Institution Group teams, including conducting legal research, advising on applicable laws and regulations, documentation, and procedures.

Draft, review, and negotiate a variety of agreements and disclosures.

Provide legal guidance for product development initiatives, new payment technologies, and digital banking solutions to ensure regulatory compliance and sound risk management.

Partner with compliance, risk and operations to develop and maintain effective policies, procedures and contract frameworks.

Respond to inquiries from the bank’s branches, help desk and operations areas, providing timely, clear and actionable legal guidance.

Monitor emerging legal and regulatory developments affecting commercial banking and payment services and communicate implications to internal stakeholders.

Coordinate and work on various legal bank projects as needed.

Manage paralegals and other staff as well as outside counsel as needed.

Support other areas of the Bank as needed or requested.

Qualifications And Education Requirements

• Minimum of 10 - 15 years’ experience practicing law full-time in a legal department of a medium or large financial institution, or with a major law firm with substantive experience during that time serving financial institutions.
• Admitted to practice, and in good standing with the bar of one of the states in our footprint, with preference given to Illinois, Indiana or Minnesota, or qualified to be registered to practice as in-house counsel in the applicable state.
• Ability to apply sound legal analysis and practical business judgment to legal matters with a solutions-oriented approach that balances legal and business objectives.
• Ability to consult with and advise Bank management at all levels.
• Strong written, oral and interpersonal communication skills.
• Ability to deliver timely, high quality work product.
• Ability to work independently and collaboratively in a client-focused, team environment.
• Strong understanding of applicable federal and state banking laws and regulations and guidance related to commercial banking, treasury management, merchant services, financial institution services, payments, and deposit operations.
• Familiarity with card brand rules, RTP, NACHA and other evolving payment systems.
• Experience reviewing, analyzing and drafting complex agreements with commercial clients, payment processors and third parties.
• Experience reviewing, analyzing and drafting customer disclosures.
• Knowledge of and experience with treasury management, commercial banking and payments products, and online delivery channels.
• Experience advising on API-based solutions.
• Excellent analytical, communication and relationship-building skills.
• Ability to effectively communicate legal advice and engage with lines of business consistent with the Bank’s culture and business strategy.
• Experience providing day-to-day support on branch questions and operations, deposit services and treasury matters.
• Ability to find efficiencies through preferred types of agreements and processes.

Skill Set

• Legal research and analysis
• Regulatory compliance
• Agreement drafting and negotiation
• Product development support
• Customer service and support
• Project coordination
• Team collaboration

Benefits

• Competitive salary range of $200,000 - $230,000 per year plus bonus.
• Medical, dental, and vision insurance.
• 401(k) plan.
• Continuing education opportunities.
• Employee assistance program.
• A variety of Impact Network Groups.