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Legal - Assistant General Counsel - Escrow Services - VP

Req #: 170124610
Location: New York, NY, US
Job Category: Legal
Job Description:
Firm Description
 
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.
 
Legal Department Description
 
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
 
Description of the Role
 
We are looking for an experienced, highly skilled lawyer who can provide legal support to J.P. Morgan's Escrow Services business which is part of the Corporate and Investment Bank Treasury Services business.  J.P. Morgan’s Treasury Services business is one of the world’s largest providers of cash management, liquidity and escrow services.  
 
The position will entail negotiation of terms of all non-standard agreements and other documentation within the Escrow Services business, as well as provision of legal advice on regulatory, reputational, operational and risk management issues.  As legal adviser to Escrow Services’ Global Middle Office, the lawyer will evaluate and provide creative solutions for non-standard client requests; there will also be interaction with other lawyers representing Escrow’s offices globally.  The position will also involve providing legal input/guidance in the context of product development, drafting policies, procedures and controls for the Escrow Services businesses and daily business support in relation to legal, regulatory and documentation issues. The role entails extensive, independent contact and interaction with senior business representatives and external clients regarding document negotiations for new business transactions.
 
 Role involves
  • Advising the Escrow Services business on all legal and documentation related issues on wide ranging topics and products.
  • Drafting and negotiation of agreements relevant to the business; for example, Escrow Agreements, Paying Agent Agreements, Account Control Agreements, confidentiality agreements/non-disclosure agreements and any related ancillary documentation,  with clients and their internal, or external counsel, as required.
  • Providing legal analyses in relation to new business initiatives and assisting in the implementation of new projects.
  • Developing and implementing training for Escrow Services employees regarding negotiation of standard documentation, including strategies and mechanics to ensure compliance with firm policies.
  • Managing projects related to remediation of portions of existing portfolio.
  • Collaborating with global business, legal and compliance teams and other control functions to address and resolve issues, develop policies, procedures and training materials to advance the Escrow Services business objectives in a compliant manner.
  • Attendance at internal and external meetings, e.g. product development meetings, business control meetings and document negotiations with clients and/or their internal and external legal counsel. 
  • Instructing and liaising with external counsel, as required, on transactional matters and bespoke advice, including review and analysis of legal opinions.
  • Advising the businesses on key legal/regulatory issues.
Qualifications
  • Law school degree (JD) required.
  • Attorney must be licensed to practice law and a member in good standing in the state/jurisdiction in which the position is based or otherwise in compliance with the in-house counsel registration rules of that state/jurisdiction.
  • A minimum of five years post-admission experience with a major law firm, financial institution or judicial clerkship.
  • Must have 5 years of experience practicing law post-JD
  • Familiarity with banking law and Uniform Commercial Code Articles 8 and 9 is desirable, but not required.
 
The successful candidate will have the following personal attributes
  • Excellent verbal and written communication skills;
  • Strong negotiation skills;
  • Strong drafting skills;
  • Strong organizational and project management skills;
  • Strong customer service orientation;
  • Proven ability to independently identify issues, analyze problems and provide viable solutions;
  • Ability to work independently, meet deadlines, manage complex projects and multitask successfully in fast-paced and complex business environment;
  • Ability to work in an open plan team environment;
  • Team player, confident and proactive;
  • Ability to interact effectively with clients;
  • Ability to think outside the box and focus on key points; and
  • Ability to exercise good judgment and work accurately under pressure.
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