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VP, Assistant General Counsel - Wholesale and E-commerce Payment Solutions- Legal at JPMorgan Chase Bank, N.A. in Chicago, Illinois

Posted in General Business 30+ days ago.

Type: Full-Time





Job Description:

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.6 trillion and operations worldwide. The firm is a leader in investment banking, financial services for consumers and small business, commercial banking, financial transaction processing, and asset management. A component of the Dow Jones Industrial Average, JPMorgan Chase& Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com .

The Legal Department of JPMorgan Chase & Co. is responsible for the provision of legal services to J.P. Morgan and is organized by practice groups that generally align with J.P. Morgan's lines of business and corporate staff areas. This structure encourages legal teams and businesses and staff areas to discuss legal, regulatory and business developments effectively and in a timely manner.

The Payments and Innovations legal team is currently seeking an experienced, highly skilled lawyer who can provide strategic legal support to J.P. Morgan's Wholesale Payments business. J.P. Morgan's Wholesale Payments business, which is part of the Corporate and Investment Bank , is one of the world's largest providers of cash management, liquidity and escrow services.

The position will be responsible for the provision of legal services to the payments businesses which offers a full suite of wholesale and e-Commerce payment solutions providing a seamless payments continuum from pay-in to pay-out. The Payments & Innovation Legal team is a key partner to the product development and delivery strategy for the payments business assisting in the development of new channels, innovative payment methods (i.e., real time and emerging payment systems, blockchain networks, etc.) and other product development and enhancements. The position will entail provision of legal advice on a wide range of regulatory and compliance issues, daily business support and advice on documentation issues. You will join a successful, well established team of professionals, and will be provided with extensive training upon joining followed by continued the job support when needed. The position will be located in Chicago. The position will report to a Managing Director and Associate General Counsel.

Primary Responsibilities:


  • Providing legal analysis in connection with the development of innovative product solutions as part of the new business initiative process and user interface enhancements, and assisting with the implementation of new products and key strategic projects.
  • Collaborating with global business teams and legal/compliance colleagues and other control functions in each of our regions to address and resolve complex issues, develop policies, procedures and training materials to advance the business objectives in a compliant manner.
  • Drafting, negotiating and advising the business on a wide range of documentation and transaction structures for the Wholesale Payments business.
  • Instructing and liaising with external counsel, as required, on transactional and bespoke product matters, including review and analysis of legal opinions.
  • Assisting the Corporate and Investment Bank's payments fraud recovery and resiliency team that is responsible for helping Corporate and Investment Bank clients reduce and combat payments fraud.
  • Advising the businesses on key legal/regulatory issues.
  • Participating in various cross-line of business projects.
  • Developing and delivering appropriate legal training for internal client and other legal teams and review of marketing materials.
  • Attendance at internal and external meetings, e.g. product development meetings, business control meetings and document negotiations with clients and/or their internal and external legal counsel.

Qualifications

  • Law school degree (JD)
  • Attorney's legal licensing must be in compliance with the regulations of the local jurisdiction where the attorney will work prior to commencement of employment.
  • A minimum of five years post-admission practicing experience with a major law firm, financial institution or judicial clerkship relevant to the responsibilities of the position.
  • Familiarity with banking law and Uniform Commercial Code Articles 4 and 4A is desirable, but not required.
  • All candidates for roles in the Legal department must successfully complete a conflicts of interest clearance review prior to commencement of employment.

The successful candidate will have the following personal attributes:


  • Self-starter, flexible, with ability to work in a fast-paced team environment with demanding deadlines;
  • Willing and able to learn the business, the firm and all stakeholders, the clients, control function partners and employees;
  • Strong and effective interpersonal skills;
  • Team player, confident and proactive, with an up-beat, "can-do" attitude;
  • Works well individually and on teams with the ability to build strong networks and relationships, share information and support colleagues;
  • Strong negotiation skills.
  • Excellent verbal and written communication skills;
  • Strong organizational and time management skills with the ability to suggest and implement change to improve operational efficiency;
  • Effective and creative problem-solving and troubleshooting ability, comfortable making decisions and taking ownership of tasks; and
  • Proven ability to independently identify issues, analyze problems and provide viable solutions.

JPMorgan Chase is an equal opportunity and affirmative action employer Disability/Veteran.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





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