City National Bank
City National Bank proudly offers services, tools and technology that put our people and communities first.
Hybrid

Counsel

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COUNSEL



WHAT IS THE OPPORTUNITY?




This position will provide legal support to City National Bank's Special Assets Department (SAD) and will also support other in-house lawyers on litigation and discovery. The attorney will provide advice and counsel on all legal aspects of loan defaults, workouts, and collection with respect to commercial and consumer loans. The attorney will also work with the Special Assets Department on drafting, reviewing and negotiating loan modifications, forbearance agreements, demand letters, and a variety of other related documents. Additionally, this attorney will assist the Special Assets Department in managing collection efforts, including litigation related to the enforcement of loans, and the attorney will advise on legal requirements and industry best practices regarding loan enforcement. The attorney will also support other in-house counsel on litigation matters and discovery and will support the bank's internal group that handles subpoenas, writs, and levies.


Provides counsel and advice with respect to assigned specialized area(s) of the Bank. Expertise in assigned area of focus is essential as is the ability to work effectively with other colleagues to help analyze legal risks, resolve issues and implement overall business strategy. Also provides advice and counsel with respect to general banking matters and perform certain administrative/operational responsibilities.



Legal and Corporate Administration Group
Make a meaningful difference as a member of City National's Legal & Corporate Administration Group, the area of the bank that manages legal and corporate governance, community reinvestment, corporate premises and corporate security.



WHAT WILL YOU DO?



  • Provides counsel and assistance to management of the Bank and other colleagues with respect to legal matters which include research, preparing opinions, and drafting documents.
  • Partners with business units and support groups (e.g., compliance, product, marketing, lending units, and risk management) to provide effective and efficient legal, transactional and regulatory guidance.
  • Identifies regulatory and legal gaps within area of expertise and assists in addressing such gaps.
  • Supports senior attorneys as needed.
  • May supervise outside counsel on assigned legal matters.
  • Responsible for certain administrative or operational functions within the Legal Division.
  • Complies fully with all Bank policies and procedures, including the Colleague Code of Conduct, as well as all legal and regulatory requirements.
  • Completes all required training.

Division Specification

Legal & Corp Admin Group

COUNSEL – Litigation and Special Assets

General Summary:

This position will provide legal support to City National Bank's Special Assets Department (SAD) and will also support other in-house lawyers on litigation and discovery. The attorney will provide advice and counsel on all legal aspects of loan defaults, workouts, and collection with respect to commercial and consumer loans. The attorney will also work with the Special Assets Department on drafting, reviewing and negotiating loan modifications, forbearance agreements, demand letters, and a variety of other related documents. Additionally, this attorney will assist the Special Assets Department in managing collection efforts, including litigation related to the enforcement of loans, and the attorney will advise on legal requirements and industry best practices regarding loan enforcement. The attorney will also support other in-house counsel on litigation matters and discovery and will support the bank's internal group that handles subpoenas, writs, and levies.

Provide advice and counsel to the Bank's Special Assets Department with respect to all legal aspects of problem loans, including workouts, collection, foreclosures, bankruptcy, and settlements.

Responsibilities:

  • Provide advice and counsel regarding the Bank's legal rights and remedies on defaulted loans; advise on actions necessary to protect the Bank's interest and maximize recovery.
  • Participate as needed in negotiations with borrower's counsel
  • Review and analyze bankruptcy filings; advise on how to protect the Bank as a creditor.
  • Interact with Special Assets officers and external legal counsel to develop collection strategy.
  • Manage litigation and other collection efforts, including management and oversight of outside counsel.
  • Provide legal support to the bank's Legal Processing group, which handles third party subpoenas, writs, and levies.
  • Support other in-house counsel on general litigation matters.
  • Assist with special projects as needed.
  • Comply fully with all Bank policies and procedures
  • Basic Qualifications:
  • Juris Doctorate required and admitted to practice law in California or the ability to register as In-House Counsel in California.
  • Minimum of 5 years of relevant experience at a law firm or in-house legal department, including a minimum of 3 years of experience with creditor's rights and loan enforcement, i.e., bankruptcy, workouts, collections, pre-judgment remedies, and receiverships.



WHAT DO YOU NEED TO SUCCEED


Must-Have*

  • JD (Juris Doctor)
  • Minimum 5 years of experience with providing counsel and advice within a specific area of expertise.
  • Admitted to practice law in California or the ability to register as In-House Counsel in California.


Skills and Knowledge

  • Be well versed in state and federal laws and regulations governing the assigned area(s) of responsibility, banking environment, and related industry practices.
  • Demonstrated experience in analyzing, interpreting and communicating strategies and requirements, and the ability to translate complex legal requirements into written materials and oral presentations.
  • Must have excellent problem solving abilities and effective verbal, written and executive communication and presentation skills.
  • Excellent problem solving abilities and effective verbal, written and executive communication and presentation skills.
  • Strong presentation and documentation skills.
  • Ability to manage multiple projects concurrently and meet deadlines.
  • Flexibility and ability to work well with a team.
  • Ability to work on cross-functional teams with emphasis in multiple coverage areas.
  • Experience with managing confidential information and documents with discretion.
  • Experience working in financial services industry preferred.
  • Strong business sense and ability to exercise good business judgement is critical
  • Basic understanding of banking/financial services operations and issues
  • Ability to simplify, problem solve, multitask and work effectively against deadlines
  • Strong legal research and analysis skills
  • Detail oriented


*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.



INCLUSION AND EQUAL OPPORTUNITY EMPLOYMENT
City National Bank is an equal opportunity employer committed to diversity and inclusion. 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 law.



ABOUT CITY NATIONAL

We start with a basic premise: Business is personal. Since day one we've always gone further than the competition to help our clients, colleagues and community flourish. City National Bank was founded in 1954 by entrepreneurs for entrepreneurs and that legacy of integrity, community and unparalleled client relationships continues to drive phenomenal growth today. City National is a subsidiary of Royal Bank of Canada, one of North America's leading diversified financial services companies.


City National Bank requires all colleagues to be fully vaccinated against COVID-19 to work on-site at any of our locations.



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What are City National Bank Perks + Benefits

City National Bank Benefits Overview

We strive to be the best at whatever we do, and that includes the benefits and perks we offer our colleagues.
We understand that colleagues have different needs. As a result, we look to offer a holistic program to support and address physical, emotional, financial and social needs.

Culture
Volunteer in local community
Partners with nonprofits
Open door policy
OKR operational model
Team based strategic planning
Open office floor plan
Diversity
Dedicated diversity and inclusion staff
Mandated unconscious bias training
Diversity employee resource groups
Our 11 Colleague Resource Groups (CRGs) help colleagues deepen their relationships and knowledge at work, encouraging more people to connect, learn and celebrate with each other.
Hiring practices that promote diversity
Health Insurance & Wellness Benefits
Flexible Spending Account (FSA)
FSAs allow colleagues to set aside pretax dollars to help pay for medical and/or dependent day care expenses.
Disability insurance
Coverage generally begins the first day of the month following hire date. Short- and long-term disability benefits are available to colleagues to assist with periods of injury or illness.
Dental insurance
Preventive care as well as basic and major dental services are provided through either a preferred provider plan (PPO) or a dental maintenance plan (DHMO).
Vision insurance
Coverage is available for vision exams, contact lenses, glasses and frames.
Health insurance
Coverage generally begins on the first day of the month following employment, and colleagues are able to cover spouses, domestic partners and/or dependent children.
Life insurance
When you become eligible for CNB Benefits, the company will provide you with basic life insurance equal to 1½ times your annual base salary, up to a maximum of $100,000 of coverage – at no cost to
Wellness programs
Enjoy access to a wide range of health tools and resources, including health screenings, coaching and/or fitness challenges – all kept confidential and secure.
Financial & Retirement
401(K)
401(K) matching
Pretax and Roth 401(k) - the company matches 75% of the first six percent of eligible pay a colleague contributes each pay period. Match dollars are immediately vested.
Performance bonus
Some positions may be eligible for bonus and/or commissions.
Child Care & Parental Leave Benefits
Generous parental leave
Family medical leave
Adoption Assistance
Vacation & Time Off Benefits
Paid volunteer time
Paid holidays
Paid sick days
Professional Development Benefits
Job training & conferences
Tuition reimbursement
Lunch and learns
Promote from within
Mentorship program
Continuing education available during work hours
Customized development tracks
Paid industry certifications

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