COUNSEL
WHAT IS THE OPPORTUNITY?
This position will provide legal support to City National Bank’s Special Assets Department (SAD) and will also support other in-house lawyers on litigation and discovery.
The attorney will provide advice and counsel on all legal aspects of loan defaults, workouts, and collection with respect to commercial and consumer loans.
The attorney will also work with the Special Assets Department on drafting, reviewing and negotiating loan modifications, forbearance agreements, demand letters, and a variety of other related documents.
Additionally, this attorney will assist the Special Assets Department in managing collection efforts, including litigation related to the enforcement of loans, and the attorney will advise on legal requirements and industry best practices regarding loan enforcement.
The attorney will also support other in-house counsel on litigation matters and discovery and will support the bank’s internal group that handles subpoenas, writs, and levies.
Provides counsel and advice with respect to assigned specialized area(s) of the Bank.
Expertise in assigned area of focus is essential as is the ability to work effectively with other colleagues to help analyze legal risks, resolve issues and implement overall business strategy.
Also provides advice and counsel with respect to general banking matters and perform certain administrative/operational responsibilities.
Legal and Corporate Administration Group
Make a meaningful difference as a member of City National’s Legal & Corporate Administration Group, the area of the bank that manages legal and corporate governance, community reinvestment, corporate premises and corporate security.
WHAT WILL YOU DO?
- Provides counsel and assistance to management of the Bank and other colleagues with respect to legal matters which include research, preparing opinions, and drafting documents.
- Partners with business units and support groups (e.g., compliance, product, marketing, lending units, and risk management) to provide effective and efficient legal, transactional and regulatory guidance.
- Identifies regulatory and legal gaps within area of expertise and assists in addressing such gaps.
- Supports senior attorneys as needed.
- May supervise outside counsel on assigned legal matters.
- Responsible for certain administrative or operational functions within the Legal Division.
- Complies fully with all Bank policies and procedures, including the Colleague Code of Conduct, as well as all legal and regulatory requirements.
- Completes all required training.
Division Specification
Legal & Corp Admin Group
COUNSEL – Litigation and Special Assets
General Summary:
This position will provide legal support to City National Bank’s Special Assets Department (SAD) and will also support other in-house lawyers on litigation and discovery.
The attorney will provide advice and counsel on all legal aspects of loan defaults, workouts, and collection with respect to commercial and consumer loans.
The attorney will also work with the Special Assets Department on drafting, reviewing and negotiating loan modifications, forbearance agreements, demand letters, and a variety of other related documents.
Additionally, this attorney will assist the Special Assets Department in managing collection efforts, including litigation related to the enforcement of loans, and the attorney will advise on legal requirements and industry best practices regarding loan enforcement.
The attorney will also support other in-house counsel on litigation matters and discovery and will support the bank’s internal group that handles subpoenas, writs, and levies.
Provide advice and counsel to the Bank’s Special Assets Department with respect to all legal aspects of problem loans, including workouts, collection, foreclosures, bankruptcy, and settlements.
Responsibilities:
- Provide advice and counsel regarding the Bank’s legal rights and remedies on defaulted loans; advise on actions necessary to protect the Bank’s interest and maximize recovery.
- Participate as needed in negotiations with borrower’s counsel
- Review and analyze bankruptcy filings; advise on how to protect the Bank as a creditor.
- Interact with Special Assets officers and external legal counsel to develop collection strategy.
- Manage litigation and other collection efforts, including management and oversight of outside counsel.
- Provide legal support to the bank’s Legal Processing group, which handles third party subpoenas, writs, and levies.
- Support other in-house counsel on general litigation matters.
- Assist with special projects as needed.
- Comply fully with all Bank policies and procedures
- Basic Qualifications:
- Juris Doctorate required and admitted to practice law in California or the ability to register as In-House Counsel in California.
- Minimum of 5 years of relevant experience at a law firm or in-house legal department, including a minimum of 3 years of experience with creditor’s rights and loan enforcement, i.e., bankruptcy, workouts, collections, pre-judgment remedies, and receiverships.
WHAT DO YOU NEED TO SUCCEED
Must-Have*
- JD (Juris Doctor)
- Minimum 5 years of experience with providing counsel and advice within a specific area of expertise.
- Admitted to practice law in California or the ability to register as In-House Counsel in California.
Skills and Knowledge
- Be well versed in state and federal laws and regulations governing the assigned area(s) of responsibility, banking environment, and related industry practices.
- Demonstrated experience in analyzing, interpreting and communicating strategies and requirements, and the ability to translate complex legal requirements into written materials and oral presentations.
- Must have excellent problem solving abilities and effective verbal, written and executive communication and presentation skills.
- Excellent problem solving abilities and effective verbal, written and executive communication and presentation skills.
- Strong presentation and documentation skills.
- Ability to manage multiple projects concurrently and meet deadlines.
- Flexibility and ability to work well with a team.
- Ability to work on cross-functional teams with emphasis in multiple coverage areas.
- Experience with managing confidential information and documents with discretion.
- Experience working in financial services industry preferred.
- Strong business sense and ability to exercise good business judgement is critical
- Basic understanding of banking/financial services operations and issues
- Ability to simplify, problem solve, multitask and work effectively against deadlines
- Strong legal research and analysis skills
- Detail oriented
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification.
It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion.
All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by law.
ABOUT CITY NATIONAL
We start with a basic premise: Business is personal.
Since day one we’ve always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today.
City National is a subsidiary of Royal Bank of Canada, one of North America’s leading diversified financial services companies.
City National Bank requires all colleagues to be fully vaccinated against COVID-19 to work on-site at any of our locations.