Provides legal support on compliance, operational and risk management matters including product management and development.
Provide legal and business risk assessment and analysis on new products and services, sales agreements, and go-to-market strategies from the concept through development to launch stage and ongoing support and solutions for various services.
Provide ad hoc support to internal stakeholders across all payment services and platforms, including checks, ACH, wire transfers, and digital payments.
Provide ad hoc support to internal stakeholders across all cash management products, including but not limited to remote deposit capture, sweep products, and online banking.
Provides legal advice and representation on customer and third-party matters and disputes.
Participates in the definition and development of branch banking, deposit operations, and risk management policies, procedures, and quality control programs.
Structure, negotiate and draft commercial agreements with technology and other partners
Oversees the work of outside counsel for engagements on behalf of the Company.
Assist with strategic payment optimization and API banking initiatives.
As needed, provide guidance on Bank's obligations as it relates to legal process.
Requirements
Juris Doctor from an accredited law school.
Active license to practice law in Arizona or another U.S. Jurisdiction.
6-10 years of relevant experience in private practice or in-house.
In-depth knowledge of the legal, regulatory, and operational aspects of the U.S. banking industry and payments systems, including bank deposits, money transmission/money services businesses, funds transfers, check/ACH/wire processing, and payment cards.
Relevant experience should include working knowledge of the Uniform Commercial Code (with particular emphasis on Articles 3, 4, and 4A), Nacha Operating Rules, and Regulation E.
Working knowledge of consumer compliance law in the financial services space.
Strong drafting and negotiating skills across a range of complex commercial contracts and the ability to analyze and identify core legal issues.
Experience negotiating and drafting commercial agreements with technology partners.
Excellent writing and drafting skills.
Advanced ability to review legal research and analyze and summarize findings as necessary.
Exceptional oral, interpersonal and presentation skills.
Excellent organization, prioritization and multitasking skills, practical and effective problem-solving skills, strong analytical, negotiation, and communication skills
Ability and drive to take ownership of projects and tasks.
Comfortable with gray areas and interpreting and applying the law in unsettled contexts.
Creative thinker with strong problem-solving skills.
Must be thorough and detail-oriented, able to prioritize, and juggle multiple projects and demands.
Westernalliancebank · Phoenix, AZ