At U.S. Bank, we're on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at-all from Day One.
Job Description
U.S. Bank is seeking an attorney to join the Law Division's Wealth, Corporate, Commercial, and Institutional Banking legal team to support U.S. Bank's Global Fund Services (GFS) business, which provides services to global asset managers including fund administration, accounting, transfer agency, and custody. This role will provide legal advice and interpretation for all areas of the GFS business line, principally covering customer contracts. Additional areas of support may include trusts & estates interpretation, securities regulation, licensing, operations, partner product agreements, and corporate governance.
Primary Responsibilities
Preparing, reviewing, and negotiating customer contracts and other legal documents or requirements with a focus on conforming to regulatory requirements and company policies.
Assessing risks and providing advice concerning various issues and agreements arising within key operations of the companies and the corresponding administrative functions.
Reviewing and coordinating activities of outside counsel within assigned areas of responsibility.
Reviewing documents and electronic discovery in response to third-party subpoenas.
Assisting with regulatory and internal reviews, exams, and audits.
Assisting with drafting and maintaining policies and procedures.
Maintaining current knowledge of applicable federal and state laws and regulations and monitoring regulatory developments to ensure organizational adaptation and compliance.
Helping team to properly prioritize our legal advisory responsibilities, and then be effective, efficient and practical in accomplishing them.
Additional responsibilities may include
Providing support for transfer agency activities including reviewing and advising on account processing and contested claims related to an account.
Reviewing and interpreting trust & estate documents and providing guidance on account distributions.
Providing corporate governance support for global entities engaged in GFS activities.
Providing training to company employees on legal requirements for conducting the GFS business.
This position offers candidates a career with exposure to a variety of legal issues, and the opportunity to work with diverse businesses at U.S. Bank while serving as a trusted legal and business advisor. We value independent workers and applicants who have a pragmatic approach to practicing corporate law within a broad group of affiliates.
Basic Qualifications
Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority
Preferred Skills/Experience
Three or more years of law firm or in-house experience as a practicing lawyer
Experience with contract drafting, review and negotiation
Strong analytical skills
The ability to work independently
Comfort with and interest in working on a variety of legal matters
Excellent written, oral, and interpersonal communication skills
Strong commitment to client service
Securities regulatory experience helpful
Familiarity with trusts & estates helpful
Understanding of tax aspects of investment and retirement accounts a plus
Location expectations
The role offers a hybrid/flexible schedule, which means there's an in-office expectation of three (3) or more days per week.
We are proud that U.S. Bank has been recognized as a World's Most Ethical Company® by the Ethisphere Institute and has been named the #1 Most Admired Superregional Bank by Fortune magazine.
Successful candidates for a position in the U.S. Bank Law Division support U.S. Bank's core values, which guide what we do every day:
We do the right thing.
We power potential.
We stay a step ahead.
We draw strength from diversity.
We put people first.
In the U.S. Bank Law Division, we honor those values through our mission: "we guide our clients to remarkable results with expert legal counsel and ethical leadership." Our commitment is evident in the work we do, not only for the Bank, but for our communities. The Law Division has received several awards for its pro bono contributions, including the Minnesota Corporate Pro Bono Council's "Excellence in Pro Bono Award," and we encourage our legal professionals to contribute time and expertise to pro bono work as part of their role. In addition, the Law Division has been recognized for its leadership and engagement in Diversity, Equity, and Inclusion initiatives.
If there's anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
Benefits:
Our approach to benefits and total rewards considers our team members' whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
U.S. Bank is an equal opportunity employer. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, and other factors protected under applicable law.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, U.S. Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401(k) contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $119,765.00 - $140,900.00
U.S. Bank will consider qualified applicants with arrest or conviction records for employment. U.S. Bank conducts background checks consistent with applicable local laws, including the Los Angeles County Fair Chance Ordinance and the California Fair Chance Act as well as the San Francisco Fair Chance Ordinance. U.S. Bank is subject to, and conducts background checks consistent with the requirements of Section 19 of the Federal Deposit Insurance Act (FDIA). In addition, certain positions may also be subject to the requirements of FINRA, NMLS registration, Reg Z, Reg G, OFAC, the NFA, the FCPA, the Bank Secrecy Act, the SAFE Act, and/or federal guidelines applicable to an agreement, such as those related to ethics, safety, or operational procedures.
Applicants must be able to comply with U.S. Bank policies and procedures including the Code of Ethics and Business Conduct and related workplace conduct and safety policies.
Posting may be closed earlier due to high volume of applicants.
