JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 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 consumers 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.
The Legal Department of JPMorgan Chase & Co is responsible for the provision of legal services to the Corporation and is organized by practice groups that generally align with the Corporation’s lines of business and corporate staff areas. This structure encourages legal teams and businesses and staff areas to discuss legal, regulatory and business developments effectively and in a timely manner.
Chase’s Business Banking line of business currently serves 2.4 million customers in 23 footprint states. We are the leading bank for small businesses in our key markets, providing deposit and cash management services, payment solutions, and a broad array of lending products to meet our clients’ needs. We provide these services through banker, branch, phone, and digital channels.
This position will be an integral member of the legal team that supports Business Banking. The successful candidate will support Business Banking’s customer-facing bankers and loan centers (closers and underwriters) with respect to commercial lending transactions in the US and will also regularly interact with other Business Banking groups (Product, Operations, Risk, Customer Experience, Marketing, Compliance and Controls) and legal colleagues in other areas. Candidates must have a proven record of providing sound and practical legal counsel in complex situations and the ability to influence others to implement that advice.
The preferred location for the position is New York. Candidates in Chicago will also be considered.
- Support and advise the business with respect to:
- Commercial lending transactions in New York, New Jersey, and other footprint states, including negotiating and drafting loan documents and modifications to the business’ standard loan documents and advising loan closers, customer-facing bankers, underwriters and risk officers.
- Deposit account and cash management issues, including wire transfers, ACH and fraud matters.
- New products, marketing, regulatory and related issues impacting financial institutions operating in a multi-state environment.
- Partner with other Business Banking lawyers, as well as colleagues in other lines of business, to support and help drive Business Banking and cross line of business strategic projects and initiatives.
- Support the business, and partner with Compliance colleagues, regarding all laws and regulations governing the business (including, for example, Regulations. B, D, O, U, and W, as well as aspects of Dodd-Frank and other applicable federal and state laws).
- A minimum of five years of experience documenting and advising clients, including financial institutions and other lenders, with respect to commercial loan transactions, including construction loans and asset based transactions.
- Experience negotiating and drafting notes, mortgages, security agreements, loan/credit agreements, subordinations, SNDAs, and related documents.
- Excellent oral and written communication, management, interpersonal and organizational skills and a proven record of successfully handling multiple responsibilities and delegating and supervising tasks in a fast-paced, high profile and rapidly evolving environment.
- Knowledge of UCC Article 9 and real property law.
- Knowledge of commercial mortgage lending laws in New York, New Jersey or Connecticut is a plus.
- Experience with federal laws and regulations pertaining to banks, deposit accounts, negotiable instruments, payment systems and wire transfer laws.
- Demonstrated leadership, problem solving and project management skills, judgment and character.
JD or educational equivalent required. Attorney candidates must be in compliance with all relevant licensing requirements including the requirements of the jurisdiction where the role will be located prior to commencement of employment.
All candidates for roles in the Legal department must successfully complete a conflicts of interest clearance review prior to commencement of employment.