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Legal - VP, Assistant General Counsel - Asset Based Lending

Chicago, IL, USA | J.P. Morgan

  • Industry:
    Financial Services
  • Position Type:
  • Functions:
    Financial Services Professional
    Legal / Compliance
  • Experience:
    5-7 years
Job Description:
119 people have viewed this job

Transactional support, including analysis and advice on structural and risk issues.

Reviewing, negotiating and drafting of credit and collateral documentation, amendments and waivers; drafting, reviewing and negotiating indicative term sheets, proposal and commitment letters, intercreditor agreements and confidentiality agreements.

Representing ABL in relationships with other syndicate lenders and borrowers, including providing advice on workout credits.

Advising the business on regulatory and compliance policies and issues; conducting legal research; staying current on trends and developments in the asset based lending industry.

Supporting and maintaining outside counsel relationships for ABL; coordinating engagement of ABL outside counsel.

Maintaining existing and establish new forms of proposal letters, commitment letters and term sheets, credit and security agreements, and other ABL forms.

Escalating issues as appropriate and sharing potential concerns, issues, and ideas with functions across the company.

Partnering with Risk, Controls, and Compliance colleagues regarding operational and regulatory risk and control issues and the applicability of federal and state law and regulation to the business.

Advising the ABL Operations team on questions regarding the booking, funding and servicing of ABL loans in accordance with loan documents.

Periodic projects related to new product offerings, marketing, regulatory matters and other business initiatives.

*Consideration may be given for alternative city locations for internal candidates only. Please direct all location inquiries to the listed recruiter so they may review your request with the hiring manager.

JD or educational equivalent required with at least 5 years of post-JD practicing experience at a law firm and/or in-house legal department at a large bank or other financial services company.

Attorney candidates must be in compliance with all relevant licensing requirements including the requirements of the jurisdiction where the role will be located prior to commencement of employment.

Knowledge of the legal and regulatory requirements for asset based, secured lending and an ability to understand the business needs of ABL.

Excellent verbal and written communication skills, with demonstrated ability to listen and drive results in a team setting.

Strong interpersonal skills with ability to interact effectively with clients and partner with the Credit Markets team, other members of the Legal Department and the business to find solutions.  

Effective and efficient problem solver; excellent organizational skills with strong ability to prioritize and effectively manage multiple issues at one time.

Self-starter with strong analytical and collaborative skills; able to deliver high-quality results under tight deadlines.

Successfully complete a conflicts of interest clearance prior to commencement of employment.

All candidates for roles in the Legal department must successfully complete a conflicts of interest clearance review prior to commencement of employment. 

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