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 Equipment Finance Legal Team to support U.S. Bank's Commercial Equipment Finance (EF) business line. Part of the U.S. Bank Commercial Legal Team, this attorney will have the opportunity to provide legal support on all EF legal issues, with primary responsibility for the administration of troubled or defaulted commercial equipment leases, loans and software financing products originated by EF or third-party financing sources such as equipment vendors, resellers and other financial institutions, resolution of customer complaints and disputes, and collateral, titling and other post-booking matters. The position offers candidates a career with exposure to a variety of legal issues, while working with various departments and individuals at U.S. Bank to serve as a trusted legal and business advisor.
Responsibilities include
Providing legal counsel to loss mitigation, recovery specialists and the EF business line in interpreting contract language, considering strategic alternatives, and advising on workout and recourse options;
Working with loss mitigation and recovery specialists as they interact with outside legal counsel, appraisers, and other professional advisors regarding troubled or defaulted commercial equipment leases and loans, including those involved in bankruptcy proceedings;
Creating and maintaining standard commercial lease and loan workout documents;
Preparing and negotiating settlement agreements for matters which are not in litigation;
Consulting with outside counsel conducting litigation on behalf of EF to enforce commercial equipment leases and loans;
Assisting the EF business line in responding to legal discovery requests, garnishment orders and other subpoenas;
Identify and assist with regulatory compliance requirements and management of legal and operational risk;
Working with EF's team of quality assurance and risk review specialists to resolve customer complaints;
Providing counsel to EF on perfection, collateralization and other legal issues covered by Articles 2A and 9 of the Uniform Commercial Code;
Preparing general advice memoranda, training materials and other legal resources for use by EF personnel; and,
Interpretation, application, review and revision of various EF, Law Division and U.S. Bank policies and procedures.
Basic Qualifications
Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority
Preferred Skills/Experience
Relevant law firm or in-house experience, with a preference for at least five years' experience supporting commercial equipment lease and loan collections, workout, and dispute resolution functions for a bank-owned, captive or independent equipment finance company.
Thorough and current knowledge of laws and regulations impacting the subject matter and/or business line supported by the attorney
Strong analytical, organizational and communication skills
Strong commitment to client service
Location expectations
This role requires working from a U.S. Bank location 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: $133,365.00 - $156,900.00
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.
