Senior Counsel - Treasury Mgt, Merchant Services and Financial Institutions Group
$200,000–$230,000 year
On-siteChicago, Illinois, United States or Indianapolis, Indiana, United States
Job Summary
Conduct day-to-day legal support for Treasury Management, Merchant Services, and Financial Institution teams, including drafting, reviewing, and negotiating complex agreements and customer disclosures. Provide legal research, regulatory advice, and procedural guidance for product development, new payment technologies, and digital banking solutions. Respond to branch inquiries and operations requests while monitoring emerging legal developments affecting commercial banking and payment services. Partner with compliance, risk, and operations to develop policies and contract frameworks, manage outside counsel, and coordinate bank projects.
Required Qualifications
- 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
Desired Qualifications
- 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
Additional Requirements
- We do not accept resumes from external staffing agencies or independent recruiters unless there's a signed agreement with our Director of Talent Acquisition.
Hiring someone like this?
Get your role in front of qualified candidates on Sorce.