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Sr. Attorney 1 at Flagstar Bank

Sr. Attorney 1

Flagstar Bank Work From Home MI Full Time
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The Senior Attorney 1 will be a member of the Legal Department and will primarily be responsible for providing broad based legal support to Flagstar Bank’s Commercial Banking business lines in connection with commercial lending activities. This will include providing timely and effective legal advice regarding transaction-specific structures, negotiations and documentation, managing outside counsel engaged to represent Flagstar in connection with commercial banking transactions and coordinating, as necessary, with other Legal Department colleagues as well as colleagues in Commercial Credit, Risk, Compliance and Loan Operations in connection with Flagstar’s Commercial Banking activities. Supports the Commercial department with timely advice on all matters of legal service relevant to commercial real estate, C&I, business banking, home builder finance, loan syndications, equipment finance, and other commercial lending lines, including contract, commercial, governance and regulation. Acts as the primary resource for the business regarding review and management of legal affairs affecting the divisions. Acts as a liaison between business unit management, legal management and outside counsel regarding documentation and legal issues. This individual will have direct experience working for a practice group at a bank and/or law firm providing legal support to financial institutions in connection with commercial lending transactions and related activities and ideally would be familiar with current market practice and trends, applicable banking regulations and model forms and guidance issued by relevant trade associations.

  • Confers with management and other legal counsel on a variety of legal matters. 
  • Identifies legal risks and proposes alternative structures to mitigate such risks involved in potential transactions.
  • Oversees legal processes and assigns work to outside counsel, as appropriate.
  • Ensures legal compliance with all documentation and processes.
  • Reviews legal documents, may draft routine documentation.
  • Oversees the development, use and maintenance of standardized documents.
  • Assists in the selection and recommendation of outside legal counsel for various transactions; assists in evaluating and providing feedback to outside counsel.
  • Stays abreast and educates on regulatory changes affecting the various businesses and company.
  • Staff member is expected to consistently adhere to regulatory and compliance policies and standards linked to their job as listed. Staff member will not repeatedly act in a manner signifying intentional or willful noncompliance, nor exhibit gross negligence or a general disregard for compliance and regulatory standards. Staff member must ensure compliance with applicable federal, state and local laws and regulations. Staff member must complete all required compliance training on a timely basis. Staff member will maintain knowledge of and adhere to Flagstar’s internal compliance policies and procedures. Staff member must take responsibility to keep up to date with changing regulations and policies.

Job Requirements:

  • Bachelor's Degree required.
  • Bachelor's Degree in Finance, Accounting, or Economics is preferred.
  • JD Required.
  • Licensed attorney in good standing in the United States, in the jurisdiction in which the attorney is located when rendering services
  • 7+ years lending and other legal experience at a bank or law firm leading a range of employment.
  • Experience in commercial lending highly preferred.
  • Documentation experience should include drafting responsibilities for term sheets, lending documents and confidentiality agreements.   
  • Juris Doctorate from an accredited law school.
  • Member in good standing of bar of state in United States in the jurisdiction in which the attorney is located when rendering services.
  • Exhibits sound practical judgment.
  • Analytical and organizational skills, with experience in problem solving and conflict resolution.
  • Experience with handling projects from inception to conclusion in a timely manner.
  • Able to multi-task, prioritize and adapt to new demands, and communicate complex ideas in an understandable manner.
  • Demonstrated verbal and written communication skills with the ability to communicate with all levels of the organization.
  • Ability and willingness to learn new areas of law related or different from current area, and render legal advice to business units accordingly.
  • Understands how concepts interrelate and able to provide business--focused legal advice.

For Internal use only: Job Band D

 

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