VP Associate Corporate Counsel

Job Location US-DE-Wilmington
Type
Full Time

Overview

As a member of the Legal Department of The Bancorp, Inc. (“Company”) the Associate Corporate Counsel will provide general legal advice and support to the Company’s senior management team and various business units (collectively “Clients”) on a wide range of corporate, governance, regulatory and banking issues and collaborate with other members of the Company’s Legal Department on various legal projects, as assigned.    

Responsibilities

Essential Functions

  1. Provides legal support to the Company and its respective business units, including the following duties:
    • Consults with Clients on a wide range of business strategies, including new products, services or operational practices and advise on legal risks associated with such strategies.
    • Supports Clients on transactional matters, including drafting, reviewing, interpreting and negotiating business agreements, consistent with the Company’s policies, procedures and law and supervisory guidance.
    • Interprets statutes, regulations, supervisory guidance and case law developments to the Company’s business activities and provide legal advice and counsel to clients.
    • Collaborates with the Company’s compliance and risk management staff on legal and regulatory matters in connection with the implementation of the company’s risk management programs or other initiatives.
    • Interacts directly with counsel for the Company’s affinity partners, third party service providers and vendors with respect to the provision of the Company’s products and services.
  2. Maintains a working knowledge of a wide range of state and federal banking laws and regulations, principally impacting the Company, its bank subsidiaries, and respective lines of business.
  3. Monitors statutory, regulatory and case law developments, assess the impact on the Company’s products and services, and provide oral and written updates to attorney colleagues and affected clients.
  4. Maintains familiarity with products and services offered through Bancorp’s various lines of business.
  5. Performs other duties as assigned.

#ZR

Qualifications

Education/Experience Requirements

  • Law degree from an accredited law school and license to practice law (in good standing).
  • Five years law firm or in-house corporate legal experience.

Preferred Requirements

  • Subject matter expertise and interest in:
    • Bank Holding Company Act and related regulations.
    • General contract law, including vendor agreements.
    • Consumer protection laws and regulations.
    • General commercial secured and unsecured lending, including real estate.
    • Private label/affinity group arrangements for banking services.
    • Working knowledge of the investment advisory and custody industry, including knowledge of the relationships of broker-dealers, independent investment advisory firms, securities intermediaries/custodians of securities accounts.
    • Account Control Agreements and perfection of security interests under the Uniform Commercial Code.
    • Commercial credit transactions, including securitizations, and other concepts related to the origination, consummation and disposition of commercial loans.
    • Commercial vehicle and equipment leasing.

Employment with The Bancorp includes successfully passing a background check including credit, criminal, OFAC, education and past employment.

 

The Bancorp is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, religion, color, national origin, sex, sexual orientation, gender identity, age, status as a protected veteran, among other things, or status as a qualified individual with disability.

Background & EEO Statement

Working at The Bancorp and Benefits Information: click here

 

Employment with The Bancorp includes successfully passing a background check including credit, criminal, education, employment, OFAC, and social media background history.

 

The Bancorp is an EQUAL OPPORTUNITY EMPLOYER and will not discriminate on the basis of race, color, religion, gender, gender, identity, sexual orientation, pregnancy, citizenship, national origin, age, disability, genetic information, veteran status or other protected category with respect to recruitment, hiring, training, promotion, and other terms and conditions of employment.

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