ABOUT THE ORGANIZATIONSMBC MANUBANK was formed by a group of banking entrepreneurs in June 1962. Our scope is to serve the specialized needs of California middle-market businesses, manufacturers, wholesalers, distributors, importers, exporters, and service companies, including small businesses and professionals.The anticipated salary range for this role is between $237,000.00 and $280,000.00. The specific salary offered to an applicant will be based on their individual qualifications, experiences, and an analysis of the current compensation paid in their geography and the market for similar roles at the time of hire. The role may also be eligible for an annual discretionary incentive award. In addition to cash compensation, SMBC offers a competitive portfolio of benefits to its employees.Our mission is to be "the bank of choice" for middle market and professional service companies by establishing long term customer relationships and loyalty, providing superior products and services through a core of highly skilled and seasoned bankers.To achieve our mission to be the 'bank of choice' for middle market and professional services companies, we are focused on our vision to be the premier California regional business bank that can provide the sophistication and expertise of a larger institution with the personal 'high touch' services of a smaller bank.Specialties:Commercial Loans and Lines of Credit, Asset-Based Financing, SBA Loans, and Specialized Financing, Real Estate Loans, Cash Management Services, International ServicesJOB SUMMARY:Member of the Bank’s Legal Department, providing analysis and counsel on legal and policy issues in the Bank, with a focus on Bank operations including commercial and consumer deposits and funds transfer systems. Anticipates and guards against legal risks facing the company.PRINCIPAL DUTIES & RESPONSIBILITIES:
Rendering legal advice and support to the Bank’s operations, including deposits, electronic banking, payments, and fiduciary activities.
Reviewing, drafting and negotiating Bank operational documents, including customer facing agreements, relating to deposit, cash management and other bank products.
Supporting cash management and other deposit operations needs for the Bank's parent company, Sumitomo Mitsui Banking Corporation (SMBC).
Reviewing advertisements, disclosures and other matters and transactions having regulatory compliance implications.
Supporting legal process handling (e.g., garnishments and subpoenas).
Reviewing and analyzing customer entity formation and other organizational documents, such as operating agreements, bylaws, partnership agreements, resolutions, and court-issues documents. Advising internal clients on organizational and officer authority-related issues, as well as signing authority.
Assisting and responding to internal questions related to bank operations (including account opening and closing, trust and estates, fiduciary or custodial roles, court orders, etc.).
Providing legal advice concerning general regulatory and corporate matters
Preparing regulatory and corporate filings.
Conducting legal research on statutes and regulations affecting consumer, business and fiduciary deposit accounts.
Supporting other attorneys as-needed, across the legal organization.
Keeping management and other appropriate Bank personnel apprised of significant changes to statutory laws and regulations and significant developments in case law that might impact the Bank.
Providing training and other advice and instruction to Bank personnel on appropriate preventative law and legal and compliance issues.
Contributing to the legal assessment of new bank products.
POSITION SPECFICATIONS:
Education: Juris Doctor from an accredited law school
Skills/ Qualifications:
Minimum 10 years of banking or law firm (with bank representation) experience
Knowledge of federal, and state banking laws
Excellent verbal and written communication skills
EOE STATEMENTWe are an equal employment opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, gender, national origin, disability status, protected veteran status or any other characteristic protected by law.CCPA DISCLOSUREPersonal Information Collection Notice: This notice contains information under the California Consumer Privacy Act (CCPA) about the categories of personal information (PI) of California residents that SMBC MANUBANK collects and the business or commercial purpose(s) for which the PI may be used. We do not sell PI. More information about our collection and use of PI may be found in our CCPA Privacy Policy at https://www.manufacturersbank.com/CCPA-Privacy. Persons with disabilities may contact our Customer Contact Center toll-free at (877) 560-9812 to request the information in this Notice in an alternative format.