Legal Counsel

UMB Bank•Kansas City, MO

20h

About The Position

UMB’s Corporate Legal department serves many lines of business throughout our footprint by providing legal education, counsel and advice. They facilitate the needs of their clients (UMB Financial Corporation, its subsidiaries and its shareholders) through subject matter expertise, as well as relationships with outside counsel, where necessary. The Legal Counsel at UMB, works hand in hand with line of business leaders to research and advise on legal issues; evaluate, educate clients regarding, and help to minimize risk; review, negotiate and draft agreements; participate in projects and process improvements; prepare and distribute regular status reports; summarize trends and issues. At UMB, we want to be everything to our clients. In order for us to support that, we strive to make our associates well rounded and encourage them to approach situations in a collaborative way. We provide the training and support to encourage success in our associate’s career. We also recognize that work/life balance and community involvement is important to many of our associates, so we make sure to think outside the box and provide options and opportunities for our associates. How you’ll spend your time: Collaborate with different lines of businesses and corporate support functions to ensure that operations and strategies are managed in compliance with applicable laws and regulations Will be a trusted advisor to senior leaders and be the primary consultant with clients on legal issues. Monitor and analyze evolving legal requirements and proposed regulations/legislation in assigned practice areas and advises senior management of potential risks. Manage outside counsel on commercial deposit, treasury management, and payment systems matters and acts as a liaison between senior leaders and outside counsel. Identify and analyze legal issues demonstrating familiarity with payment systems and related technology, Federal Reserve Board regulations (Reg. CC and Reg. J) to the extent they impact commercial banking payment products, and a comfort in applying legal skills and knowledge to assist UMB’s line of business in selecting, vetting and implementing cutting edge consumer and commercial third-party technology to facilitate fast and more secure payments. Review, negotiate and draft agreements. Heavy emphasis on documentation which supports the bank’s commercial deposit treasury management services activities, including template and form documentation related to payments systems and new product offerings, commercial deposit account documentation, and deposit account control agreements.

Requirements

JD and license to practice law
4+ years of commercial banking legal experience
Mastery of payment systems law, including Article 4A of the UCC, the NACHA rules, familiarity with check and ACH clearinghouse arrangements.
Experience negotiating complex documents with sophisticated opposing counsel.
Strong leadership and teaming capabilities and the ability to operate independently and collaboratively.
Exceptional interpersonal, negotiation, and written and verbal communication skills.
Strong working knowledge of legal issues in assigned areas.
Strong skills in relationship building, critical thinking, strategic vision, and ability to mitigate risk in decision making.

Responsibilities

Collaborate with different lines of businesses and corporate support functions to ensure that operations and strategies are managed in compliance with applicable laws and regulations
Will be a trusted advisor to senior leaders and be the primary consultant with clients on legal issues.
Monitor and analyze evolving legal requirements and proposed regulations/legislation in assigned practice areas and advises senior management of potential risks.
Manage outside counsel on commercial deposit, treasury management, and payment systems matters and acts as a liaison between senior leaders and outside counsel.
Identify and analyze legal issues demonstrating familiarity with payment systems and related technology, Federal Reserve Board regulations (Reg. CC and Reg. J) to the extent they impact commercial banking payment products, and a comfort in applying legal skills and knowledge to assist UMB’s line of business in selecting, vetting and implementing cutting edge consumer and commercial third-party technology to facilitate fast and more secure payments.
Review, negotiate and draft agreements.
Heavy emphasis on documentation which supports the bank’s commercial deposit treasury management services activities, including template and form documentation related to payments systems and new product offerings, commercial deposit account documentation, and deposit account control agreements.

Benefits

Paid Time Off
a 401(k) matching program
annual incentive pay
paid holidays
a comprehensive company sponsored benefit plan including medical, dental, vision, and other insurance coverage
health savings, flexible spending, and dependent care accounts
adoption assistance
an employee assistance program
fitness reimbursement
tuition reimbursement
an associate wellbeing program
an associate emergency fund
various associate banking benefits