Job Description Counsel : CCB Business Banking Legal Team
JPMorgan Chase and Co. (NYSE: JPM) is a leading global financial services firm with assets of 2.6 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, and asset management. The Legal Department of JPMorgan Chase and Co ("JPMC") is responsible for providing legal services to the Corporation and is organized by practice groups that generally conform to the Corporations lines of business ("LOBs") and corporate staff areas, allowing the legal staff to work closely with specific groups on a daily basis.
This structure encourages legal teams to communicate legal and regulatory changes to the businesses and staff areas and for the lines of business and staff areas to communicate business developments that have legal or regulatory implications to the legal teams in a timely manner.
Chase's Business Banking is a sub line of business within Consumer and Community Banking ("CCB") and is based in the United States. Business Banking serves 2.4 million customers in 39 states. Chase is 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 branch, phone and Internet channels. The Business Banking Legal Team within the JPMC Legal Department was established to provide legal support to Business Banking and associated operations teams. This position provides an opportunity to be an integral member of the legal team that supports Business Banking.
Job Responsibilities:
Review
: Review various Lending Documents from different sources.
Research
: Monitor state and federal legal and regulatory developments impacting Business Banking; prepare comprehensive, concise summary of developments; make recommendations to attorneys on the relevance of the development and its potential impact to Business Banking. Research will primarily involve legal developments and statutory analysis of laws in the United States.
: Perform state law research for expansion state projects.
: Participate in meetings to discuss these developments with the legal team.
: Maintain reports of monitored developments.
: Conduct research on special projects as needed.
Issue and Escalation Management
: Correspond and collaborate with paralegals, attorneys, and other professionals on legal and regulatory issues impacting multiple LOBs.
: Seek resolution to executive office complaints and customer service escalations related to closed/booked loans and deposit accounts.
: Collaborate with team members to resolve corrections and remediations.
Line of Business Support
: Review and prepare responses to Requests for Proposal for deposit services (RFPs).
: Prepare and review loan documents such as amendments, waivers and modifications to standard documents, landlord waivers, and assignments of insurance
: Review non:standard Assignments of Insurance.
: Review and update Policies and Procedures.
Ad Hoc
: Undertake additional responsibilities to support Business Banking Legal as needed
Required Skills/Experience:
: Fluent in written and spoken English with excellent writing and oral communication skills.
: Law degree and membership in jurisdictional organization.
: At least 3 years of experience in legal practice.
: Excellent legal research skills including experience with Westlaw or similar services.
: A team player who can collaborate and communicate effectively with attorneys and other compliance professionals.
: Strong analytical thinker who is detail:oriented, practical and skilled at issue spotting and problem solving.
: Self:starter who is able to work independently, takes ownership of responsibilities and projects, is results:oriented and flexible.
: Ability to multitask and prioritize work
