Assistant General Counsel - Procurement Legal Group

Overview

This role provides legal advice and guidance to clients and colleagues across a wide range of legal issues affecting complex business and banking matters.

The position is exempt from timekeeping requirements under the Fair Labor Standards Act and is not eligible for overtime pay. This role is incentive eligible.

Primary Responsibilities

• Assist and partner with business units to provide practical legal advice on complex business and banking matters
• Provide strategic, pragmatic, and trusted legal advice to business units
• Advise management on the interpretation of laws and regulations, including new and recent changes that affect the organization
• Monitor emerging legislative developments that may affect the organization
• Participate in line-of-business initiated projects, including drafting policies and procedures related to new regulations, amendments, and new interpretations of existing regulations
• Provide seasoned assessment of legal risk when business decisions are made, considering the organization’s reputation as well as clients and assets
• Work with outside counsel on legal issues impacting the organization
• 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

Additional Responsibilities (Vendor Contracting & Risk)

• 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 support 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

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

Skills & Competencies

• Ability to assimilate and analyze facts, present complex issues clearly and concisely, 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 collaboratively 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 operate comfortably in a constantly changing environment
• Excellent verbal and written communication skills
• Strong organizational skills

Preferred Qualifications

Not specified.

Compensation & Benefits

Pay Range (Metropolitan Statistical Area Market Range)

• Minimum (Job Range Target): $110,470.25 USD
• Median: $157,150.00 USD

Pay varies based on factors including experience, skills, knowledge, contribution, job location, and performance.

Incentive Plans

• Eligible to participate in the annual discretionary incentive plan
• Opportunity to participate in the Long Term Incentive Plan

Benefits (Synopsis)

• Paid Vacation/Sick Time
• 401K with Company Match
• Medical, Dental and Vision Benefits
• Disability Benefits
• Health Savings Account
• Flexible Spending Account
• Life Insurance
• Parental Leave
• Employee Assistance Program
• Associate Volunteer Program

Benefits may be changed, amended, or terminated at any time.

Position Type

Full time

Location

Regions Center

Birmingham, Alabama

Equal Opportunity Employer

Equal Opportunity Employer (including Disabled/Veterans)