Banking & Structured Finance Lawyer, Vice President

MUFG•New York, NY

24d•Hybrid

About The Position

MUFG is seeking an experienced structured finance attorney to join the Americas Legal Department as a Vice President & Counsel. The primary responsibility of this position is to support the Working Capital & Trade Finance business team with a focus on the Supply Chain Finance/Receivables Finance group within our Global Corporate Investment Bank. A successful candidate will be familiar with all manners of transaction documentation and legal issues with respect to receivables, payables, participations, drafts/bills of exchange and UCC matters. Draft/negotiate/review core documentation: seller-led receivables purchase agreements, buyer-led payment services agreements and buyer services agreements for drafts/bills of exchange, master participation agreements and participation certificates/funding requests, parent guarantees, UCC and collateral agreements, intercreditor, consents & releases, assignments and notices. Apply structured-lending and receivables financing fundamentals (e.g. True sale and security interests). Expertise with UCC Article 9 perfection/priority rules including Lien Search review and UCC filings of all types. Assist with management of cross-border matters for suppliers and buyers in foreign jurisdictions including governing law, licensing, data privacy, recognition, local enforcement rights/perfection, and coordination with local counsel. Partner closely with Credit, Risk, Operations, and Global Financial Crimes related to Compliance/Sanctions provisions in agreements. Ensure consistency across legal documentation and credit approvals. Advise and assist business in the development and structuring of new products and services. Support new initiatives within the Americas Legal Department and MUFG as a whole. Directly interact with MUFG’s clients, both in negotiating agreements and in assisting the business unit in explaining products to credit, risk, external clients and liaison with external counsel. Advise on the legal, regulatory and reputational issues and risks arising in transactions (regionally and internationally as required). Keep abreast of industry trends, regulatory developments, and best practices in receivables financing/structured financing transactions. Manage the legal spend with respect to the business area including management of relationships with and selection, retention and costs of external counsel. Some familiarity with insolvency situations and understand legal aspects of insolvency proceedings. Participate in industry forums, internal working groups and committees as relevant. Coordinate closely with colleagues globally to ensure proper application of U.S. rules and regulations in other jurisdiction

Requirements

Qualified, active/in good standing license in New York with a minimum of three years of relevant experience.
Demonstrated expertise in transactional work from within the legal department of a large financial services, investment bank, corporation or Fintech or similar work experience at a law firm providing related legal support to financial services company specializing in supply chain finance products.
Strong experience in working capital solutions, receivables finance, supply-chain finance.
Strong working knowledge of Uniform Commercial Code
Knowledge of banking and finance laws, regulations, and market practices
Familiarity with Master Purchase Agreements for participation/assignment of receivables, payables, drafts, bills of exchange (including BAFT Forms desirable but not required).
Strong communication skills and relationship building qualities to maintain existing and build new relationships with the business and legal department colleagues.
Proven ability to handle multiple complex bilateral deals independently, coordinating cross-functional stakeholders under tight timelines
Ability to deliver practical solutions in a changing and market-driven environment.
Solid decision making and the ability to demonstrate sound judgement.
Ability to thrive as part of a team in a fast-paced, ever-changing and open-office environment.
Willingness to learn new areas of law to cover new businesses and initiatives.
Excellent attention to detail and accuracy.
Maintain a calm approach, with the ability to perform well in pressurized situations.
Monitors industry trends and best practices and applies insights to advance the business

Nice To Haves

(Solicitor / lawyer qualified in England and Wales or other relevant jurisdiction is desirable but not required).

Responsibilities

Draft/negotiate/review core documentation: seller-led receivables purchase agreements, buyer-led payment services agreements and buyer services agreements for drafts/bills of exchange, master participation agreements and participation certificates/funding requests, parent guarantees, UCC and collateral agreements, intercreditor, consents & releases, assignments and notices.
Apply structured-lending and receivables financing fundamentals (e.g. True sale and security interests).
Expertise with UCC Article 9 perfection/priority rules including Lien Search review and UCC filings of all types.
Assist with management of cross-border matters for suppliers and buyers in foreign jurisdictions including governing law, licensing, data privacy, recognition, local enforcement rights/perfection, and coordination with local counsel.
Partner closely with Credit, Risk, Operations, and Global Financial Crimes related to Compliance/Sanctions provisions in agreements.
Ensure consistency across legal documentation and credit approvals.
Advise and assist business in the development and structuring of new products and services.
Support new initiatives within the Americas Legal Department and MUFG as a whole.
Directly interact with MUFG’s clients, both in negotiating agreements and in assisting the business unit in explaining products to credit, risk, external clients and liaison with external counsel.
Advise on the legal, regulatory and reputational issues and risks arising in transactions (regionally and internationally as required).
Keep abreast of industry trends, regulatory developments, and best practices in receivables financing/structured financing transactions.
Manage the legal spend with respect to the business area including management of relationships with and selection, retention and costs of external counsel.
Some familiarity with insolvency situations and understand legal aspects of insolvency proceedings.
Participate in industry forums, internal working groups and committees as relevant.
Coordinate closely with colleagues globally to ensure proper application of U.S. rules and regulations in other jurisdiction