Assistant General Counsel - Procurement Legal Group

Regions Bank•Atlanta, GA

1d•$110,470 - $157,150•Onsite

About The Position

At Regions, an Assistant General Counsel will have the opportunity to provide legal advice and guidance to clients and colleagues on a wide variety of legal issues. The Legal Department is focused on attracting, retaining, and developing great people in an inclusive environment where each person is valued for the distinct skills and attributes they bring to the team. This position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. This position is incentive eligible.

Requirements

Law Degree
Licensed in good standing to practice law in at least one jurisdiction
Six (6) years of legal experience at a regulatory agency, in the financial services industry, or at a law firm with strong knowledge of bank regulations or other relevant practical legal experience
Ability to assimilate and analyze facts and present complex issues in a clear and concise manner and provide succinct results-oriented legal advice
Ability to build strong partnerships with business colleagues to drive results
Ability to manage a high-volume workload and reach prompt, pragmatic decisions
Ability to work in a collaborative environment with multiple stakeholders
Advanced analytical, research, decision-making and problem-solving skills combined with effective time management and project management/planning skills
Demonstrated ability to comfortably operate in a constantly changing environment
Excellent verbal and written communication skills
Strong organizational skills

Responsibilities

Assists and partners with business units to provide practical legal advice on issues related to complex business and banking matters
Provides strategic, pragmatic, and trusted legal advice to business units
Advises management as to the interpretation of laws and regulations and on new and recent changes in laws and regulations that affect the Bank
Monitors and remains up to date on emerging legislative developments that may affect the Bank
Participates in line of business-initiated projects such the drafting of policies and procedures on new regulations and amendments or new interpretations of existing regulations
Provides seasoned assessment of legal risk when business decisions are made, demonstrating consideration for the Bank’s reputation as well as our clients and assets
May work with outside counsel on legal issues impacting the Bank
May lead other Assistant General Counsel, specialist, or paralegal staff
May provide assistance with training bankers, associates, operational staff, and customer support staff on legal issues
Drafts, reviews, negotiates, and approves a broad range of vendor contracts, including master agreements, statements of work, subscription agreements, software licenses, and nondisclosure agreements.
Partners with Procurement, business stakeholders, Cyber Security, Privacy, Third Party Risk Management, Compliance, and other control functions to identify and mitigate legal and regulatory risks.
Advises on contract provisions involving data privacy, information security, artificial intelligence, intellectual property, confidentiality, and regulatory compliance.
Balances legal risk management with business objectives to facilitate timely execution of strategic initiatives and vendor relationships.
Develops and maintains contract templates, negotiation guidance, playbooks, and other tools to drive consistency, efficiency, and risk mitigation.
Supports enterprise initiatives by assessing contractual, operational, and legal risks associated with new products, services, and technologies.
Manages complex negotiations with vendors and internal stakeholders while providing practical, business focused solutions.
Monitors legal and regulatory developments affecting third party contracting and procurement practices and advises on necessary process or contract updates.
Contributes to continuous improvement efforts by enhancing contracting processes, reporting, training, and governance to improve efficiency and strengthen risk management.