Location: California-Los Angeles
Description: <div id="jobDescriptionText" class="jobsearch-jobDescriptionText" dir="ltr"><div> <div> COUNSEL SENIOR </div> <div> WHAT IS THE OPPORTUNITY? </div> <div> Provides legal advice and counsel with respect to assigned area(s) of the Bank and related to specific functional areas of expertise. Substantial expertise in assigned area of focus is essential as is the ability to work and communicate effectively with management and colleagues at multiple levels. Analyzes and addresses legal risks associated with various areas of the Bank, and provides advice and counsel relating to the Bank's overall business strategy. Also provides advice and counsel with respect to general banking matters of a significant nature and performs certain administrative/operational responsibilities. </div> <div> 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. </div> <div> <div> WHAT WILL YOU DO? <ul> <li>Provides counsel and assistance to Bank management and other colleagues with respect to a wide range of legal matters, including research, preparing opinions, and drafting documents. <ul> <li>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.</li> <li>Identifies regulatory and legal gaps within area of expertise and assist in addressing such gaps.</li> <li>Support senior attorneys as needed.</li> <li>Supervises outside counsel on assigned legal matters.</li> <li>Responsible for certain administrative or operational functions within the Legal Division.</li> <li>Complies fully with all Bank policies and procedures, including the Colleague Code of Conduct, as well as all legal and regulatory requirements.</li> <li>Completes all required training.</li> </ul> Division Specification Legal & Corp Admin Group <ul> <li>Position may work in one or more of the following focuses:</li> <li>Legal & Wealth Management</li> </ul></li> <li> <ul> <li>BASIC FUNCTION</li> <li>Senior Counsel will provide general regulatory and transactional support to the Bank and its wealth management operations and subsidiaries. Substantial expertise in advising registered investment advisers and broker-dealers is essential as is the ability to work and communicate effectively with management and staff at all levels. This position is expected to advise on a broad range of matters under the banking and securities laws, including the SEC, FINRA, OCC, FRB, and FDIC, help resolve issues as they arise, and to provide advice in connection with implementation of overall business strategy for the Bank and its wealth management business.</li> </ul></li> <li> <ul> <li>RESPONSIBILITIES</li> <li>Provide transactional and regulatory counsel to the Bank and its registered investment adviser, broker-dealer, and registered investment fund subsidiaries and affiliates with respect to wealth management products and services.</li> </ul></li> <li> <ul> <li>Support senior counsel in advising the Bank’s wealth management businesses on banking and securities regulatory matters, legislation, new product development, and documentation and in dealings with the OCC, SEC, FINRA and other U.S. regulatory authorities.</li> </ul></li> <li> <ul> <li>Conduct research and legal analysis as required and advise on legal and regulatory issues relating to the Investment Advisors Act of 1940, the Investment Company Act of 1940, the Securities Acts, CFTC, and FINRA regulations.</li> </ul></li> <li> <ul> <li>Draft, review, and negotiate a wide range of legal contracts and investment related documentation, such as investment management agreements, subadvisor agreements, side letters, referral agreements, inter-affiliate services agreements, and custody agreements.</li> </ul></li> <li> <ul> <li>Review marketing and client facing material, disclosures such as Forms ADV and fund prospectuses, presentations, training materials, and account opening documentation to ensure regulatory compliance.</li> </ul></li> <li> <ul> <li>Advise on issues relating to mutual funds, fund-related agreements, and regulatory filings.</li> <li>Work with senior counsel to analyze new regulatory rules and guidance for impact to the Bank’s wealth management business lines.</li> </ul></li> <li> <ul> <li>Collaborate with internal and external counsel and cross-functional teams, including finance, tax, accounting, and compliance/risk to manage transactional matters and initiatives and develop policies and procedures.</li> </ul></li> <li> <ul> <li>Assist with special projects, including compliance and regulatory law matters.</li> </ul></li> <li> <ul> <li>Handle other projects at the direction of the supervising counsel.</li> </ul></li> <li> <ul> <li>BASIC QUALIFICATIONS</li> <li>A JD and admission to the California State Bar (or eligibility to register as in-house counsel in California) required</li> </ul></li> <li> <ul> <li>Minimum of 10 years of experience at a major law firm (financial services or investment management practice), in-house legal department of a financial institution or advisory firm, and/or financial services regulatory agency or commensurate experience</li> </ul></li> <li> <ul> <li>Minimum of 10 years of experience supporting traditional wealth management business lines, including investment management, brokerage, and custody within a bank, advisory firm, or other financial services firm.</li> </ul></li> </ul> <div> <ul> <li>SKILLS AND KNOWLEDGE</li> </ul> </div> <div> <ul> <li>A JD and admission to the California State Bar (or eligibility to register as in-house counsel in California).</li> <li>A minimum of 10 years of experience at a major law firm (financial services or investment management practice), in-house legal department of a financial institution or advisory firm, and/or financial services regulatory agency or commensurate experience.</li> <li>A minimum of 10 years of experience supporting traditional wealth management business lines, including investment management and brokerage, within a bank, advisory firm, or other financial services firm.</li> <li>Experience advising on Employee Retirement Income Security Act (ERISA) qualified investment advisory accounts is a plus.</li> <li>Ability to work and communicate effectively with management and staff at all levels.</li> <li>Experience in analyzing, interpreting and communicating legal strategies and requirements to clients and in translating both basic and complex legal requirements into written materials and oral presentations.</li> <li>Proven leadership with initiative and problem-solving abilities.</li> <li>Must be able to work independently, performing a variety of tasks in a team environment.</li> <li>Excellent interpersonal, verbal and written communication skills.</li> <li>Strong presentation and documentation skills.</li> </ul> </div> WHAT DO YOU NEED TO SUCCEED <div> Must-Have* <ul> <li>JD (Juris Doctor) Admission to the California State Bar (or eligibility to register as in-house counsel in California) required</li> <li>Minimum 10 years of experience with providing counsel and advice within a specific area of expertise.</li> </ul> </div> <div> Skills and Knowledge <ul> <li>Ability to manage multiple projects concurrently and meet deadlines.</li> <li>Ability to work and communicate effectively with management and staff at multiple levels.</li> <li>Ability to work on cross-functional teams with emphasis in multiple coverage areas.</li> <li>Be well versed in state and federal laws and regulations governing the assigned area(s) of responsibility, banking environment, and related industry practices</li> <li>Demonstrate experience in analyzing, interpreting and communicating strategies and requirements, and the ability to translate complex legal requirements into written materials and oral presentations.</li> <li>Excellent interpersonal, verbal and written communication skills.</li> <li>Excellent problem solving abilities and effective verbal, written and executive communication and presentation skills.</li> <li>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.</li> <li>Experience with managing confidential information and documents with discretion.</li> <li>Experience working in financial services industry preferred.</li> <li>Flexibility and ability to work well with a team.</li> <li>Must be able to work independently, performing a variety of tasks in a team environment.</li> <li>Proven leadership with initiative and problem solving abilities.</li> <li>Strong business sense and ability to exercise good business judgement is critical</li> <li>Strong presentation and documentation skills.</li> </ul> </div> </div> <div> Compensation </div> </div> <div> 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. </div> <div> Benefits and Perks </div> <div> At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks. </div> <div> 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. </div> <div> ABOUT CITY NATIONAL </div> <div> 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. </div> Equal Opportunity Employer Minorities/Women/Protected Veterans/Disabled </div></div>
Posted: 08-May-2023
Updated: 12-Sep-2024
Closed: 30-Nov-2023
Practice Areas: Banking, Corporate
Specialties: Compliance/Regulatory, 40 Act, Investment Management, Securities
Experience: 10+ years
Employer Type: In-House

Counsel Senior

City National Bank