JPMorgan Chase & Co.

VP, Assistant General Counsel - CB Legal Innovation & Products

Posted on: 13 Mar 2021

Plano, TX

Job Description

The Legal Department of JPMorgan Chase & Co provides legal services and advice to the Firm globally. Legal is responsible for, among other things:

managing actual and potential litigation and enforcement matters, including internal reviews and investigations related to such matters

advising on products and services, including contract negotiation and documentation

advising on offering and marketing documents and new business initiatives

managing dispute resolution

interpreting existing laws, rules and regulations, and advising on changes thereto

advising on advocacy in connection with contemplated and proposed laws, rules and regulations, and

providing legal advice to the Board of Directors, the business and functions. Legal selects, engages and manages outside counsel for the Firm on all matters in which outside counsel is engaged.

Commercial Banking, one of the JPMorgan Chase & Co. businesses, provides comprehensive financial solutions, including lending, wholesale payments, investment banking and asset management products across three primary client segments: Middle Market Banking, Corporate Client Banking and Commercial Real Estate Banking.

The Commercial Bankings Innovation & Products Legal team is currently seeking an experienced, highly skilled attorney to provide transactional and strategic legal support for Commercial Banking FinTech, third party payment processors and similar complex clients in connection with their money movement (pay-in/pay-out) products and solutions. The group is also engaged in Commercial Banking's business-led transformation, digitization and simplification initiatives designed to create an aspirational, client-centric experience by creating innovative new payment products and simplifying documentation, end-to-end processes and related technology. The position will be based in Plano, TX or Chicago, IL.

Primary Responsibilities:

Drafting, negotiating and advising the business on a wide range of documentation and transaction structures for the Wholesale Payments business.

Providing legal analysis in connection with the development of innovative product solutions as part of the new business initiative process and user interface enhancements, and assisting with the implementation of new products and key strategic projects.

Collaborating with global business teams and legal/compliance colleagues and other control functions to address and resolve complex issues, develop policies, procedures and training materials to advance the business objectives in a compliant manner.

Instructing and liaising with external counsel, as required, on transactional and bespoke product matters, including review and analysis of legal opinions.

Advising the businesses on key legal/regulatory issues.

Participating in various cross-line of business projects.

Developing and delivering appropriate legal training for internal client and other legal teams.

Qualifications:

Minimum of five (5) years post-admission practicing experience with a major law firm, financial institution or judicial clerkship relevant to the responsibilities of the position

JD or educational equivalent required. Attorney candidates must be in compliance with all relevant licensing requirements including those of the jurisdiction where the role will be located prior to commencement of employment

Experience working in or with FinTech and/or third party payment processors

Familiarity with banking law and Uniform Commercial Code Articles 4 and 4A is desirable, but not required.

Knowledge of financial services laws and regulations is a plus

Ability to lead and drive teams to institute change and collaboration across a variety of functional areas

Ability to prioritize work, manage a large number of matters at one time, and interact with senior management

Effective and efficient problem solver; strong organizational skills

All candidates for roles in the Legal department must successfully complete a conflicts of interest clearance review prior to commencement of employment

JPMorgan Chase & Co.

New York, New York

JPMorgan Chase & Co. operates as a financial services company worldwide. It operates in four segments: Consumer & Community Banking (CCB), Corporate & Investment Bank (CIB), Commercial Banking (CB), and Asset & Wealth Management (AWM). The CCB segment offers deposit and investment products and services to consumers; lending, deposit, and cash management and payment solutions to small businesses; mortgage origination and servicing activities; residential mortgages and home equity loans; and credit card, payment processing, auto loan, and leasing services.

The CIB segment provides investment banking products and services, including corporate strategy and structure advisory, and equity and debt markets capital-raising services, as well as loan origination and syndication; cash management and liquidity solutions; and cash securities and derivative instruments, risk management solutions, prime brokerage, and research.

This segment also offers securities services, including custody, fund accounting and administration, and securities lending products for asset managers, insurance companies, and public and private investment funds. The CB segment provides financial solutions, including lending, treasury, investment banking, and asset management to corporations, municipalities, financial institutions, and nonprofit entities, as well as financing to real estate investors and owners.

The AWM segment offers investment and wealth management services across equities, fixed income, alternatives, and money market fund asset classes; multi-asset investment management services; retirement products and services; and brokerage and banking services comprising trusts, estates, loans, mortgages, and deposits. The company also provides ATM, digital covering online and mobile, and telephone banking services. JPMorgan Chase & Co. has a collaboration agreement with Chicagoland Chamber of Commerce. The company was founded in 1799 and is headquartered in New York, New York.

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