Assistant General Counsel - Corporate Trust (Remote Opportunity)

Regions Financial Corporation Birmingham , AL 35202

Posted 5 days ago

Thank you for your interest in a career at Regions. At Regions, we believe associates deserve more than just a job. We believe in offering performance-driven individuals a place where they can build a career --- a place to expect more opportunities. If you are focused on results, dedicated to quality, strength and integrity, and possess the drive to succeed, then we are your employer of choice.

Regions is dedicated to taking appropriate steps to safeguard and protect private and personally identifiable information you submit. The information that you submit will be collected and reviewed by associates, consultants, and vendors of Regions in order to evaluate your qualifications and experience for job opportunities and will not be used for marketing purposes, sold, or shared outside of Regions unless required by law. Such information will be stored in accordance with regulatory requirements and in conjunction with Regions' Retention Schedule for a minimum of three years. You may review, modify, or update your information by visiting and logging into the careers section of the system.

Job Description:

In the Regions' Legal Department, an Assistant General Counsel will have the opportunity to provide legal advice and guidance to clients and colleagues on a wide variety of legal issues. The Legal Department is focused on attracting, retaining, and developing great people in an inclusive environment where each person is valued for the distinct skills and attributes they bring to the team. The Legal Department is currently pursuing the Mansfield certification. Please see additional information regarding this position listed below skills/competencies.

Primary Responsibilities

  • Partners with business units and senior leaders to provide practical legal advice on issues related to complex business and banking matters

  • Provides strategic, pragmatic, and trusted legal advice to business units.

  • Advises management as to the interpretation of laws and regulations and on new and recent changes in laws and regulations that affect the Bank

  • Monitors and remains up to date on emerging legislative developments that may affect the Bank

  • Participates in line of business-initiated projects such as drafting policies and procedures on new regulations and amendments or new interpretations of existing regulations

  • Provides seasoned assessment of legal risk when business decisions are made, demonstrating particular consideration for the Bank's reputation as well as our clients and assets

  • May work with outside counsel on legal issues impacting the Bank

  • May lead and manage other Assistant General Counsel, specialists and/or paralegal staff

  • May provide assistance with training bankers, associates, operational staff and customer support staff on legal issues

  • Provides advanced legal counsel on a wide range of legal issues and works on complex issues where analysis of situations or data requires an in-depth evaluation of variable factors

  • Proactively develops relationships based on trust across the organization; grows internal and external networks

This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay.

Requirements

  • Law Degree

  • Licensed in good standing to practice law in at least one jurisdiction

  • Eight (8) years of legal experience at a regulatory agency, in the financial services industry, or at a law firm with strong knowledge of bank regulations or other relevant practical legal experience

Skills and Competencies

  • Ability to build strong partnerships with business colleagues in order to drive results

  • Ability to manage a high-volume workload and reach prompt, pragmatic decisions

  • Ability to tactfully navigate complex discussions

  • Ability to work in a collaborative environment with multiple stakeholders to include senior management

  • Advanced analytical, research, decision-making and problem-solving skills combined with effective time management and project management/planning skills

  • Demonstrated ability to assimilate and analyze facts and present complex issues in a clear and concise manner and provide succinct results-oriented legal advice

  • Demonstrated ability to comfortably operate in a constantly changing environment

  • Demonstrated ability to lead and manage, formally or informally, other Assistant General Counsel

  • Excellent verbal and written communication skills

  • Possesses unique legal expertise in one or more specialized areas of the law

  • Strong organizational skills

This role will provide general administrative/legal duties for the Regions Corporate Trust Department, including fielding daily calls from Corporate Trust associates, advising regarding new bond issue and escrow questions, existing bond issues relating to permitted activities under the Indenture and other bond documents, actual defaults, potential defaults, or threatened or actual litigation of an account.

Additional Responsibilities

  • Review governing documents/indentures and help determine strategies, actions, or remedies as well as relevant notices for Holders, Issuers, Obligors, Credit Enhancers, Reporting Services or other relevant parties

  • Maintain an Advisory Services List and give regular updates to the Head of Corporate Trust relating to accounts on the list

  • Work with Corporate Trust associates to determine the selection of counsel and other experts in connection with accounts on the Advisory Services List.

  • Work with outside counsel in connection with strategies for enforcing remedies and relief and other issues relating to accounts on the Advisory Services List

  • Draft bondholder notices and default notices as necessary

  • Oversee and advise Corporate Trust associates in the review and management of other extraordinary events. Example: Bankruptcy filings, expired UCC Financing Statements, Forbearance Agreements, etc.

This position may be filled at a higher level depending on the candidate's qualifications and relevant experience.

Position Type

Full time

Compensation Details

Pay ranges are job specific and are provided as a point-of-market reference for compensation decisions. Other factors which directly impact pay for individual associates include: experience, skills, knowledge, contribution, job location and, most importantly, performance in the job role. As these factors vary by individuals, pay will also vary among individual associates within the same job.

The target information listed below is based on the national range and level of the position.

Job Range Target:

Minimum:

$97,627.50 USD

Median:

$178,770.00 USD

Incentive Pay Plans:

This role is eligible to participate in the annual discretionary incentive plan. Employees are eligible to receive a discretionary award based on individual, business, and/or company performance.Opportunity to participate in the Long Term Incentive Plan.

Benefits Information

Regions offers a benefits package that is flexible, comprehensive and recognizes that "one size does not fit all" for associates. Listed below is a synopsis of the benefits offered by Regions for informational purposes, which is not intended to be a complete summary of plan terms and conditions.

  • Paid Vacation/Sick Time

  • 401K with Company Match

  • Medical, Dental and Vision Benefits

  • Disability Benefits

  • Health Savings Account

  • Flexible Spending Account

  • Life Insurance

  • Parental Leave

  • Employee Assistance Program

  • Associate Volunteer Program

Please note, benefits and plans may be changed, amended, or terminated with respect to all or any class of associate at any time. To learn more about Regions' benefits, please click or copy the link below to your browser.

https://www.regions.com/welcometour/benefits.rf

Location Details

Regions Center - Birmingham

Location:

Birmingham, Alabama

Bring Your Whole Self to Work

We have a passion for creating an inclusive environment that promotes and values diversity of race, color, national origin, religion, age, sexual orientation, gender identity, disability, veteran status, genetic information, sex, pregnancy, and many other primary and secondary dimensions that make each of us unique as individuals and provide valuable perspective that makes us a better company and employer. More importantly, we recognize that creating a workplace where everyone, regardless of background, can do their best work is the right thing to do.

OFCCP Disclosure: Equal Opportunity Employer/Disabled/Veterans


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Assistant General Counsel - Corporate Trust (Remote Opportunity)

Regions Financial Corporation