Senior Counsel - Treasury Management

PNC Financial Services Group, Inc. Pittsburgh , PA 15201

Posted 2 months ago

Position Overview

At PNC, our people are our greatest differentiator and competitive advantage in the markets we serve. We are all united in delivering the best experience for our customers. We work together each day to foster an inclusive workplace culture where all of our employees feel respected, valued and have an opportunity to contribute to the company's success. As a Senior Counsel

  • Treasury Management within PNC's Legal organization, you may be based in Pittsburgh, PA or Philadelphia, PA; additional locations within the PNC footprint may be considered.

The PNC Bank legal department's Business & Finance Group consists of more than 65 attorneys and paralegals, with concentrations of lawyers in Pittsburgh and Philadelphia, PA and several other locations. The Treasury Management legal team, a unit within the Business & Finance Group, is seeking an experienced lawyer with expertise in treasury management to join the legal team supporting this business.

This attorney will be responsible for providing general legal advice and support to treasury management on a wide variety of matters of varying complexity relating to the broad array of PNC's treasury management products and services (including deposit services, payments, receivables, liquidity management, digital Treasury services, and commercial cards). The role involves extensive interaction with business and other stakeholders at all levels, including Product, Sales, Technology, Operations, Risk, and Compliance. Primary tasks include counseling the business on product development, new business initiatives, and legal and regulatory matters including trends and evolving issues (including but not limited to digital currency, data privacy, data governance, and third party vendor guidance);drafting, reviewing and negotiating customer and vendor agreements, resolving customer matters, reviewing marketing materials, conducting training for the business, as necessary, and monitoring legislative, industry and regulatory changes applicable to the treasury management business, which includes changes to NACHA and other payment system rules. In all of these activities, the job requires the ability to identify risks to the company and practical ways to effectively address those risks. This position will also participate in special projects and assignments as needed.

This position requires the following areas of experience/expertise:

  • General knowledge of banking law, as well as knowledge of Articles 3, 4 and 4A of the Uniform Commercial Code.

  • Familiarity and experience with legal issues arising out of payment systems and cash management services such as wire transfer, ACH, lockbox operations, invoice automation and receivables processing, use of check images, etc.

  • Strong contract drafting, negotiating, and issue-spotting skills.

  • Regular experience with complex deals, and demonstrated ability to identify and analyze issues and develop recommendations.

  • Knowledge of government contracting issues is a plus.

  • Meaningful experience with payment systems and cash management services outside the U.S. is an important consideration for this position.

The ideal candidate will possess the following qualifications and credentials:

  • J.D. degree from an accredited law school.

  • Currently licensed to practice in one or more states

  • A minimum of eight years of experience, with at least five years representing financial institutions in the treasury management area.

  • Demonstrated strong judgment, sound decision-making and solid legal analysis and oral and written communication skills. Ability to effectively interact with line of business managers and other attorneys.

  • Uses knowledge of legislation, regulations and case law affecting practice area in order to think strategically, provide practical legal advice, develop policies and practices and ensure regulatory and legal compliance.

  • Has ability to represent PNC effectively in interaction with external counsel for PNC and with counsel representing other parties.

  • Self-starter with ability to work both independently and collaboratively, as appropriate.

Job Description

  • Identifies and manages legal risk for the organization.

  • Performs significant and complex legal work and regularly interacts with management.Oversees legal research, analysis, consultation and documentation within a framework of legal compliance and risk management.

  • Leads outside counsel relationships and manages expenses.

  • Networks with outside organizations to advance legal interests and legal health of the corporation and its industry.

PNC Employees take pride in our reputation and to continue building upon that we expect our employees to be:

  • Customer Focused
  • Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions.
  • Managing Risk
  • Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework.

Competencies

Business Ethics

  • Knowledge of practices, behaviors, applicable laws, rules, and regulations governing proper business conduct; ability to demonstrate ethical behavior in diverse situations.

Decision Making and Critical Thinking

  • Understanding of the issues related to the decision-making process; ability to analyze situations fully and accurately, and reach productive decisions.

Effective Communications

  • Understanding of effective communication concepts, tools and techniques; ability to effectively transmit, receive, and accurately interpret ideas, information, and needs through the application of appropriate communication behaviors.

External Resource Management

  • Ability to effectively manage the utilization of external services (e.g., product or platform vendors, service providers, contractors, consultants, outsourced functions).

Influencing

  • Knowledge of effective influencing tactics and strategies; ability to impact decisions within and outside own organization.

Legal Analysis

  • Knowledge of and ability to read, interpret and draw accurate conclusions from both legal and factual information.

Legal Function

  • Knowledge of the major responsibilities, accountabilities, and organization of the legal function or department; ability to provide legal consulting, advice and assistance.

Negotiating

  • Knowledge of successful negotiation concepts and techniques; ability to negotiate successfully across the organization and with external vendors and clients in a constructive and collaborative manner.

Work Experience

Roles at this level typically require a university / college degree. Higher level education such as a Masters degree, or PhD is desirable. Industry experience is typically 8 + years. Specific certifications are often required.

Education

JD (Required)

Additional Job Description

Benefits

PNC offers employees a comprehensive range of benefits to help meet your needs now and in the future. Depending on your eligibility, options for full-time employees include medical/prescription drug coverage (with a Health Savings Account feature); dental and vision options; employee and spouse/child life insurance; short- and long-term disability protection; maternity and parental leave; paid holidays, vacation days and occasional absence time; 401(k), pension and stock purchase plans; dependent care reimbursement account; back-up child/elder care; adoption assistance; educational assistance and a robust wellness program with financial incentives. To learn more about these and other programs, including benefits for part-time employees, visit pncbenefits.com > New to PNC.

Disability Accommodations Statement:

The PNC workplace is inclusive and supportive of individual needs. If you have a physical or other impairment that might require an accommodation, including technical assistance with the PNC Careers website or submission process, please call 877-968-7762 and select Option 4: Recruiting or contact us via email at pathfinder@pnc.com.

The Human Resources Service Center hours of operation are Monday

  • Friday 9:00 AM to 5:00 PM ET.

Equal Employment Opportunity (EEO):

PNC provides equal employment opportunity to qualified persons regardless of race, color, sex, religion, national origin, age, sexual orientation, gender identity, disability, veteran status, or other categories protected by law.

California Residents

Refer to the California Consumer Privacy Act Privacy Notice to gain understanding of how PNC may use or disclose your personal information in our hiring practices.

ArrayThis attorney will be responsible for providing general legal advice and support to treasury management on a wide variety of matters of varying complexity relating to the broad array of PNC's treasury management products and services (including deposit services, payments, receivables, liquidity management, digital Treasury services, and commercial cards). The role involves extensive interaction with business and other stakeholders at all levels, including Product, Sales, Technology, Operations, Risk, and Compliance. Primary tasks include counseling the business on product development, new business initiatives, and legal and regulatory matters including trends and evolving issues (including but not limited to digital currency, data privacy, data governance, and third party vendor guidance);drafting, reviewing and negotiating customer and vendor agreements, resolving customer matters, reviewing marketing materials, conducting training for the business, as necessary, and monitoring legislative, industry and regulatory changes applicable to the treasury management business, which includes changes to NACHA and other payment system rules. In all of these activities, the job requires the ability to identify risks to the company and practical ways to effectively address those risks. This position will also participate in special projects and assignments as needed. Uses knowledge of legislation, regulations and case law affecting practice area in order to think strategically, provide practical legal advice, develop policies and practices and ensure regulatory and legal compliance. Identifies and manages legal risk for the organization. Performs significant and complex legal work and regularly interacts with management. Oversees legal research, analysis, consultation and documentation within a framework of legal compliance and risk management. Leads outside counsel relationships and manages expenses. Networks with outside organizations to advance legal interests and legal health of the corporation and its industry. Customer Focused

  • Knowledgeable of the values and practices that align customer needs and satisfaction as primary considerations in all business decisions and able to leverage that information in creating customized customer solutions. Managing Risk

  • Assessing and effectively managing all of the risks associated with their business objectives and activities to ensure they adhere to and support PNC's Enterprise Risk Management Framework. effective communications, legal risk, assessing, legal work, legal analysis, ethical behavior, think strategically, influencing, focused, regulatory, service providers, contract drafting, negotiating, j, judgment, communication, purchase, successful negotiation, long-term disability, legal consulting, finance, risk management, hiring practices, banking law, counseling, communications, impairment, documentation, account, business initiatives, veteran, collaborative, effective communication, resource management, treasury management, supportive, legal, treasury services, legal research, business ethics, enterprise risk management framework, cash management services, decision making, building, paralegals, consultation, negotiate, automation, vendors, general legal, stakeholders, written communication skills, process, ach, liquidity management, service, data privacy, tactics, self-starter, legal advice, decision-making, product development, business, legal issues, training, workplace culture, marketing, managing risk, uniform commercial code, compliance, customer needs, support, Recruitment Manager

  • Investor Services & Canadian Operations, OCM Mergers & Acquisitions (M&A) Senior Manager, Talent Acquisitions Manager

  • Wealth Management & Institutional Banking, Business Analyst Finance & Investments & Wealth Management Domain, Private Equity Associate, Development Lead Brokerage, Senior Executive

  • HR, Sales Effectiveness

  • Banking & Securities Manager, Operations Manager

  • Plan Sponsor Support, Corporate General Manager Security

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Senior Counsel - Treasury Management

PNC Financial Services Group, Inc.