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Counsel Senior

City National Bank

City National Bank provides banking, investment, and trust services to entrepreneurs, professionals, their businesses and their families. Based in LA, the bank has locations across the country.

COUNSEL SENIOR

WHAT IS THE OPPORTUNITY?

This Senior Counsel position will serve as legal support for all of the Bank’s residential mortgage lending and consumer lending matters. The area of focus will include advising the bank regarding compliance with mortgage and consumer credit laws and regulations such as RESPA, TILA, FCRA, TCPA, FDCPA, SAFE Act, FHA, ECOA, HMDA, and UDAAP, along with advising on federal preemption, multi-state operations, state-law compliance, and general fair lending matters. The attorney will also be responsible for handling product support, origination and documentation, servicing, and default/collection matters related to residential mortgages (including HELOCs) and consumer loans. Significant expertise in assigned area of focus is essential, as is the ability to work and communicate effectively with management and colleagues at multiple levels. Experience with the Community Reinvestment Act (CRA) activity and related examinations is a plus.

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?

  • Provide legal support for mortgage and consumer lending activity, including with respect to regulatory compliance, new product support, origination and documentation, servicing, and default/collection activity.
  • Support general fair lending requirements.
  • Participate in legal evaluation of new business initiatives, strategic transactions, and venture investments with respect to mortgage loans, including drafting, reviewing, and negotiating mortgage loan sale and warehouse lending agreements.
  • Advise the Bank’s risk and compliance groups on regulatory matters and remediation efforts, including reviewing policies and procedures, regulatory communications, and responses to regulators in connection with examinations.
  • Provide advice in connection with the implementation of overall business strategy for the Bank and its mortgage and consumer lending operations.
  • Address title issues and borrower authority requirements.
  • Provide legal advice with respect to mortgage and consumer lending marketing materials.
  • Handle other projects at the direction of the supervising counsel, including CRA matters and other transactional and general lending matters.
  • Partner 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.
  • Identify regulatory and legal gaps within area of expertise and assist in addressing such gaps.
  • Support senior attorneys as needed.
  • Supervise outside counsel on assigned legal matters.
  • Support certain administrative or operational functions within the Legal Services Division.
  • Comply fully with all Bank policies and procedures, including the Colleague Code of Conduct, as well as all legal and regulatory requirements.

WHAT DO YOU NEED TO SUCCEED

Must-Have

  • JD (Juris Doctor) Admission to the California State Bar (or eligibility to register as in-house counsel in California) required.
  • Minimum 8 years of experience at a major law firm (financial services and mortgage/consumer lending practice), in-house legal department of a financial institution, and/or financial services regulatory agency or commensurate experience.
  • Minimum of 8 years of experience supporting a national banking association, national mortgage company, or mortgage technology firm, with a focus on mortgage and consumer lending origination and related regulatory and product support.

Skills and Knowledge

  • Ability to work and communicate effectively with management and staff at multiple levels.
  • Experience in analyzing, interpreting and communicating legal strategies and requirements to internal clients and in translating both basic and complex legal requirements into written materials and oral presentations.
  • Proven leadership with initiative and problem solving abilities.
  • Ability to manage multiple projects concurrently and meet deadlines.
  • Must be able to work independently, performing a variety of tasks in a team environment.
  • Excellent interpersonal, verbal and written communication skills.
  • Strong presentation and documentation skills.

Compensation

Starting base salary: $172,224 – $233,013 per year. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.

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.

Positions based in New York City: In order to work on-site at City National Bank in New York City, you must be fully vaccinated against COVID-19, per city requirements. Shortly after your start date, you will be required to attest to your vaccination status and will be required to provide proof of vaccination.

Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled

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Counsel Senior

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City National Bank

City National Bank provides banking, investment, and trust services to entrepreneurs, professionals, their businesses and their families. Based in LA, the bank has locations across the country.

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