CFA Institute
Senior Counsel- Commercial Lending & Transactional
CFA Institute, Los Angeles, California, United States, 90079
SENIOR COUNSEL- COMMERCIAL LENDING & TRANSACTIONAL
WHAT IS THE OPPORTUNITY?
Responsible for commercial finance and transactional support to the Bank's commercial lending lines of business and its lending operations, including supporting special projects and developing and structuring new lending products. Substantial expertise in structuring, documenting, and negotiating loans is essential and experience with the following is required: syndicated facilities, asset-based loans, term and revolving credit facilities, working capital loans, acquisition loans, senior and subordinated credits, and intercreditor arrangements. Experience with derivatives (ISDA negotiations), loan defaults, restructurings, and workouts (e.g., election of remedies, forbearance agreements), real estate financings, and analyzing trust documents in the lending context is preferred.
What you will do Provides counsel and assistance to Bank colleagues with respect to all commercial lending matters, including drafting and negotiating loan documents and advising on legal, regulatory and operational lending issues. Advises on structuring issues and prepares loan term sheets and commitment letters. Advises colleagues regarding collateral perfection and priority issues. Conducts due diligence, including the review of contracts and the preparation of summaries. Advises and manages the review of syndicated credits and participations, including intercreditor arrangements and confidentiality agreements. Manages and assists with pre-bankruptcy restructurings, workouts and foreclosures as necessary, including preparing default letters and forbearance agreements. Experience with commercial real estate financings and derivative transactions and ISDA negotiations as relates to commercial credits is a plus. Manages and assists with special projects. Advises on regulatory issues related to commercial credits (e.g., Reg. W and Reg. U). Reviews and updates form loan documents. Conducts research and advises on policies with respect to new lending products and changes in law. Partners with business units and support groups (e.g., risk management, compliance, product and operations teams) to provide effective and efficient legal guidance regarding commercial finance matters. Supports senior attorneys. Supervises outside counsel on assigned matters, including fee arrangements and budgets. Responsible for certain administrative and operational functions within the Legal Division.
Must-Have* JD (Juris Doctor) Minimum 10 years of experience with providing counsel and advice within a specific area of expertise.
Skills and Knowledge Ability to manage multiple projects concurrently and meet deadlines. Ability to work and communicate effectively with management and staff at multiple levels. Ability to work on cross-functional teams with emphasis in multiple coverage areas. Be well versed in state and federal laws and regulations governing the assigned area(s) of responsibility, banking environment, and related industry practices Demonstrate experience in analyzing, interpreting and communicating strategies and requirements, and the ability to translate complex legal requirements into written materials and oral presentations. Excellent interpersonal, verbal and written communication skills. Excellent problem solving abilities and effective verbal, written and executive communication and presentation skills. Experience in analyzing, interpreting and communicating legal strategies and requirements to internal clients and in translating both basic and complex legal requirements into written materials and oral presentations. Experience with managing confidential information and documents with discretion. Experience working in financial services industry preferred. Flexibility and ability to work well with a team. Must be able to work independently, performing a variety of tasks in a team environment. Proven leadership with initiative and problem solving abilities. Strong business sense and ability to exercise good business judgement is critical Strong presentation and documentation skills.
Compensation
Starting base salary: $141,830 - $263,408 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*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.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit cnb.com.
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. 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 the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
#LI-KTB
#CA-KTB #J-18808-Ljbffr
WHAT IS THE OPPORTUNITY?
Responsible for commercial finance and transactional support to the Bank's commercial lending lines of business and its lending operations, including supporting special projects and developing and structuring new lending products. Substantial expertise in structuring, documenting, and negotiating loans is essential and experience with the following is required: syndicated facilities, asset-based loans, term and revolving credit facilities, working capital loans, acquisition loans, senior and subordinated credits, and intercreditor arrangements. Experience with derivatives (ISDA negotiations), loan defaults, restructurings, and workouts (e.g., election of remedies, forbearance agreements), real estate financings, and analyzing trust documents in the lending context is preferred.
What you will do Provides counsel and assistance to Bank colleagues with respect to all commercial lending matters, including drafting and negotiating loan documents and advising on legal, regulatory and operational lending issues. Advises on structuring issues and prepares loan term sheets and commitment letters. Advises colleagues regarding collateral perfection and priority issues. Conducts due diligence, including the review of contracts and the preparation of summaries. Advises and manages the review of syndicated credits and participations, including intercreditor arrangements and confidentiality agreements. Manages and assists with pre-bankruptcy restructurings, workouts and foreclosures as necessary, including preparing default letters and forbearance agreements. Experience with commercial real estate financings and derivative transactions and ISDA negotiations as relates to commercial credits is a plus. Manages and assists with special projects. Advises on regulatory issues related to commercial credits (e.g., Reg. W and Reg. U). Reviews and updates form loan documents. Conducts research and advises on policies with respect to new lending products and changes in law. Partners with business units and support groups (e.g., risk management, compliance, product and operations teams) to provide effective and efficient legal guidance regarding commercial finance matters. Supports senior attorneys. Supervises outside counsel on assigned matters, including fee arrangements and budgets. Responsible for certain administrative and operational functions within the Legal Division.
Must-Have* JD (Juris Doctor) Minimum 10 years of experience with providing counsel and advice within a specific area of expertise.
Skills and Knowledge Ability to manage multiple projects concurrently and meet deadlines. Ability to work and communicate effectively with management and staff at multiple levels. Ability to work on cross-functional teams with emphasis in multiple coverage areas. Be well versed in state and federal laws and regulations governing the assigned area(s) of responsibility, banking environment, and related industry practices Demonstrate experience in analyzing, interpreting and communicating strategies and requirements, and the ability to translate complex legal requirements into written materials and oral presentations. Excellent interpersonal, verbal and written communication skills. Excellent problem solving abilities and effective verbal, written and executive communication and presentation skills. Experience in analyzing, interpreting and communicating legal strategies and requirements to internal clients and in translating both basic and complex legal requirements into written materials and oral presentations. Experience with managing confidential information and documents with discretion. Experience working in financial services industry preferred. Flexibility and ability to work well with a team. Must be able to work independently, performing a variety of tasks in a team environment. Proven leadership with initiative and problem solving abilities. Strong business sense and ability to exercise good business judgement is critical Strong presentation and documentation skills.
Compensation
Starting base salary: $141,830 - $263,408 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*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.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit cnb.com.
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. 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 the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
#LI-KTB
#CA-KTB #J-18808-Ljbffr