VP, Assistant General Counsel - Secured Lending

https://jpmc.fa.oraclecloud.com/hcmUI/CandidateExperience/en/sites/CX_1001/job/210131690/?utm_medium=jobshare

Job Identification - 210131690

Job Category - Counsel

Locations

• 10 S Dearborn St, Chicago, IL, 60603, US

Job Schedule - Full time

Job Description

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $3.7 trillion and operations worldwide.  The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing and asset management.  A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of customers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands.  Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

 

Commercial Banking, one of the JPMorgan Chase & Co. businesses, delivers extensive industry knowledge, local expertise and dedicated service to corporations, municipalities, financial institutions and not-for-profit organizations with annual revenue generally ranging from $20 million to $2 billion and to real estate investors/owners. Commercial Banking offers a comprehensive set of financial products and services including credit, equipment finance, real estate finance, treasury services and provides clients with access to the investment banking services of J.P. Morgan. 

 

The Commercial Banking Legal team is seeking an attorney experienced in commercial financing matters.  The position will be based in Plano, TX or Chicago, IL.  The position will involve a range of secured and unsecured financings, with a focus on providing legal support for the Equipment Finance (EF) business within Commercial Banking.  EF is a national business serving the equipment finance needs of mid-size companies, large corporations and other institutions. EF finances a wide variety of equipment types, which includes loan and leasing activities.

 

The attorney will be part of a team of Legal colleagues (the Credit Markets team) that also supports Asset Based Lending, Financial Sponsors Group, Commercial Banking Syndications and the ESOP Advisory Group.  The attorney will also provide legal support to an additional Commercial Banking sub-line of business, such as Asset Based Lending or Middle-Market Banking and Specialized Industries.

 

Responsibilities will include:

• Counsel bankers on structuring and documenting a variety of credit and banking transactions.
• Provide transactional support, including the review, negotiation and drafting of credit and collateral documentation, confidentiality agreements, indicative term sheets and other proposals, commitment letters, amendments and waivers.
• Analysis and advice on structural and risk issues; drafting, tailoring and negotiating bank lease documentation (including specialized financial covenants) for specific transactions; creating and negotiating documentation for non-standard structures; reviewing and negotiating agreements with customer and customer’s outside counsel; advising on RFP responses.
• Advise, in conjunction with Special Credits Legal, on troubled credit situations, waivers, amendments and forbearance agreements. 
• Syndications support, including drafting, review and negotiation of standard and non-standard assignment/purchase agreements.
• Advising clients on regulatory and compliance policies and issues; conducting legal research; staying current on trends and developments in secured lending generally.
• Identifying and mitigating risks (legal, operational, reputational and other).
• Supporting, managing and maintaining outside counsel relationships; coordinating engagement of outside counsel.
• Creating, revising and maintaining standard form documentation.
• Periodic projects related to new product offerings, regulatory matters and other business initiatives.
• Providing training for underwriters, bankers, analysts, associates, operational staff, and customer support staff on legal issues.

Qualifications:

• Licensed attorney in good standing with at least 5 years of relevant commercial finance transactional experience with a law firm or in-house legal department at a bank or other financial institution. 
• Attorney must be licensed to practice law and a member in good standing in the jurisdiction where the role will be located prior to commencement of employment or otherwise in compliance with the in-house counsel registration rules of such jurisdiction.
• General knowledge of credit, secured lending and documentation issues; knowledge of legal and regulatory requirements, issues and documentation for secured lending transactions (knowledge of leasing and equipment finance transactions would be a plus).
• Excellent research, writing and oral communication skills, with demonstrated ability to listen and drive results in a team setting. 
• Collegial; able to build and maintain good relationships with clients and colleagues.
• Effective and efficient problem solver; excellent organizational skills with strong ability to prioritize and multi-task.
• Self-starter with strong analytical and collaborative skills; able to deliver high-quality results under tight deadlines.
• All candidates for roles in the Legal department must successfully complete a conflicts of interest clearance review prior to commencement of employment.  

 

Commercial Banking, one of the JPMorgan Chase & Co. businesses, delivers extensive industry knowledge, local expertise and dedicated service to corporations, municipalities, financial institutions and not-for-profit organizations with annual revenue generally ranging from $20 million to $2 billion and to real estate investors/owners. Commercial Banking offers a comprehensive set of financial products and services including credit, equipment finance, real estate finance, treasury services and provides clients with access to the investment banking services of J.P. Morgan. 

 

The Commercial Banking Legal team is seeking an attorney who will be based in Chicago, Illinois or Plano, Texas, and will be primarily responsible for providing legal support for the Equipment Finance (EF) business within Commercial Banking.  EF is a national business serving the equipment finance needs of mid-size companies, large corporations and other institutions. EF finances a wide variety of equipment types, which includes loan and leasing activities.  

 

The attorney will be part of a team of Legal colleagues (the Credit Markets team) that also supports Asset Based Lending, Financial Sponsors Group, Commercial Banking Syndications and the ESOP Advisory Group.  The attorney may also provide legal support to an additional Commercial Banking sub-line of business, such as Asset Based Lending or Middle-Market Banking and Specialized Industries.

 

Responsibilities will include:

• Transactional support, including analysis and advice on structural and risk issues; drafting, tailoring and negotiating bank lease and loan documentation (including specialized financial covenants) for specific transactions; creating and negotiating documentation for non-standard structures;  reviewing and negotiating agreements with customer and customer’s outside counsel; advising on responses to Requests for Proposal.
• Portfolio services support, including analysis, advice and preparation of amendments and waivers; advising, documenting and negotiating troubled credit situations (in conjunction with bankruptcy and workout Legal).
• Syndications support, including drafting, review and negotiation of standard and non-standard assignment/purchase agreements.
• Advising clients on regulatory and compliance policies and issues; conducting legal research; staying current on trends and developments in the equipment finance industry specifically and secured lending generally.
• Identifying and mitigating risks (legal, operational, reputational and other).
• Supporting, managing and maintaining outside counsel relationships; coordinating engagement of outside counsel.
• Creating, revising and maintaining standard EF form documentation.
• Periodic projects related to new product offerings, regulatory matters and other business initiatives.
• Providing training for underwriters, bankers, analysts, associates, operational staff, and customer support staff on legal issues.

Qualifications:

• Attorney with at least 5 years of relevant experience. 
• Attorney must be licensed to practice law and a member in good standing in the jurisdiction where the role will be located prior to commencement of employment or otherwise in compliance with the in-house counsel registration rules of such jurisdiction.
• The following qualifications would be a plus:
  • general knowledge of credit, secured lending and documentation issues; 
  • knowledge of legal and regulatory requirements, issues and documentation for leasing and equipment finance transactions
  • knowledge of Federal, State and/or municipal leasing.
• Research, writing and oral communication skills, with ability to listen and drive results in a team setting. 
• Collegial; able to build and maintain good relationships with clients and colleagues.
• Effective and efficient problem solver with necessary organizational skills and the ability to prioritize and multi-task.
• Self-starter with analytical and collaborative skills; able to deliver effective results under tight deadlines.
• All candidates for roles in the Legal department must successfully complete a conflicts of interest clearance review prior to commencement of employment.  

About Us

JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.

We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.

Equal Opportunity Employer/Disability/Veterans

About the Team

Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.

With large, global operations, the Legal team tackles complex issues and helps shape the regulations that affect the businesses. The group is organized into practice groups that align with the lines of business and corporate staff areas, which encourages collaboration on legal, regulatory and business developments as they arise.