Legal – Commercial Banking – Innovation and Products and Shared Services – Assistant General Counsel, Vice President (Plano, TX; Chicago, IL)
JPMorgan Chase & Co. (NYSE: JPM) (the “firm”) is a leading global financial services firm with assets of $2.6 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. In particular, the Commercial Banking business delivers extensive industry knowledge, local expertise and dedicated service to more than 24,000 clients, including corporations, municipalities, financial institutions, and not-for-profit organizations with annual revenue generally ranging from $20 million to $2 billion and nearly 35,000 real estate investors/owners. Commercial Banking offers a comprehensive set of financial products and services including credit, equipment finance, real estate finance, and treasury services, and provides clients with access to the investment banking services of J.P. Morgan.
The firm’s Legal Department is organized by Practice Groups that conform to the organization of the firm’s lines of business and corporate staff areas. Each Practice Group has a General Counsel who is the Practice Group Head and who reports to the firm’s General Counsel. This structure provides the means for the Legal teams to communicate legal and regulatory changes to the businesses and staff areas and for the lines of business and staff areas to communicate business developments that have legal or regulatory implications to the Legal teams in a timely manner.
The Commercial Banking Innovation & Products and Shared Services Legal team is seeking a talented attorney to assist with coverage of data management and analytics, privacy, marketing, cybersecurity and digital platforms and products. The Innovation & Products team provides transactional and strategic legal support on Wholesale Payments products, with a significant focus on complex product development for Fintech and third-party payment processor clients. The team also advises on Commercial Banking’s business-led transformation, digitization and simplification initiatives and provides legal support across Commercial Banking on established and emerging issues in the areas of privacy, data management and data analytics. The Shared Services Legal team provides strategic and transactional legal advice to Wholesale Lending Services and is responsible for leading Commercial Banking Legal’s program to analyze laws, rules and regulatory developments as well as provide key strategic support to other regulatory programs.
This position will report directly to the Head of Innovation & Products and Shared Services Legal. The position will be based in Plano, TX or Chicago, IL.
Responsibilities will include:
Assessing proposed uses of data, both for Commercial Bank and for Wholesale, and reviewing applicable laws and contractual restrictions to advise the business on potential risks of such data use.
Assisting the data management and data analytics teams in establishing and reviewing frameworks related to data use and privacy controls.
Providing legal analysis and other support in connection with privacy/confidentiality incidents.
Negotiating client contracts and questionnaires related to privacy, data use and cybersecurity obligations.
Participating in and representing Commercial Bank legal on cross line of business initiatives on issues involving digital, technology, data and privacy, and standardization of contractual provisions.
Partnering closely with the Transformation, Digital and Technology Commercial Banking business teams to understand the digital strategy and apply a legal lens, enabling early escalation and resolution of any issues or concerns.
Working with the Regulatory team to identify and review new statutes and regulations that have a privacy or data use impact and develop a response to such statutes and regulations.
Driving projects related to new product offerings, regulatory matters and other business initiatives that have a digital, technology, data or privacy component.
Updating the business on relevant legal and market developments in the fintech and data analytics industries.
Providing ongoing review and issue-spotting for existing customer-facing digital platforms and communications related to the platforms, as well as assisting in the roll-out of new platforms.
Drafting and reviewing terms and conditions and other legal agreements related to digital platforms offered by the bank.
Supporting Commercial Banking marketing and communications teams by advising on the impact of FTC regulations, cross-border, intellectual property, and privacy laws on communications, social media, and marketing campaigns.
Qualifications:
At least 5+ years of relevant legal experience at a law firm and/or in-house legal department at a large bank, regulator or other financial services company is strongly preferred
Knowledge of the state and federal laws related to privacy, marketing, intellectual property and data management and analytics is a plus, or related corporate transactional experience with transferrable skills/knowledge
Experience in collaborating on a broad range of business strategies and has a reputation for providing valued independent counsel and wise judgment
Strategic and visionary in anticipating legal issues for different businesses and business models
Ability to prioritize work, effectively manage a large number of issues at one time, and interact effectively with senior management
Ability to understand the business needs and develop collaborative relationships with internal partners across the supported businesses, and the firm
Effective and efficient problem solver; strong organizational and project management skills
Self-starter; ability to deliver high-quality results under tight deadlines
Excellent verbal and written communications skills
Banking or regulatory experience is helpful, but not required
Attorney must be licensed to practice law and a member in good standing in the state/ jurisdiction in which the position is based or otherwise in compliance with the in-house counsel registration rules of that state/jurisdiction
All candidates for roles in the Legal Department must successfully complete a conflicts of interest clearance review prior to commencement of employment
About Us
JPMorgan Chase & Co., one of the oldest financial institutions, offers innovative financial solutions to millions of consumers, small businesses and many of the world’s most prominent corporate, institutional and government clients under the J.P. Morgan and Chase brands. Our history spans over 200 years and today we are a leader in investment banking, consumer and small business banking, commercial banking, financial transaction processing and asset management.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. In accordance with applicable law, we make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as any mental health or physical disability needs.
Equal Opportunity Employer/Disability/Veterans
About the Team
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.
With large, global operations, the Legal team tackles complex issues and helps shape the regulations that affect the businesses. The group is organized into practice groups that align with the lines of business and corporate staff areas, which encourages collaboration on legal, regulatory and business developments as they arise.