Commercial Lending & Restructuring Legal Counsel at Santander

New York, New York, United States

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Not SpecifiedCompensation

Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, BankingIndustries

Requirements

Bachelor's Degree or equivalent work experience. - Required
Juris Doctor (JD). – Required
Active licensed attorney and member of NY state bar in good standing. – Required
5+ years of experience practicing law in a financial institution or similar environment

Responsibilities

Provides day-to-day leadership and advice to the commercial lending and workout lines of business on matters including commercial lending, distressed assets, lender liability, debt restructure, collections, litigation and insolvency
Provides legal advice to internal clients on issues related to distressed commercial real estate loans
Prepares, negotiates and reviews legal notices, restructuring documentation and other agreements related to defaulted assets
Advises management and various partners to ensure operations comply with laws, regulatory provisions and contractual obligations
Drafts, reviews, negotiates, advises regarding and/or approves policies, procedures, contracts and related documents for business operations, regulatory compliance, confidentiality of proprietary information, and to support business operations and promote the company's objectives and interests
Provides legal counsel and guidance to the company’s and its various entities’ management and boards of directors on strategies and solutions to potential, anticipated and/or identified legal, regulatory and/or compliance matters and issues of concern
Collaborates with internal clients to analyze and resolve defaulted loans in a cost-effective manner
Prepares default, demand, acceleration and other legal notices
Drafts, reviews, and negotiates documentation of loan restructures, forbearances and settlements
Analyzes lender liability risk and negotiates with borrowers to resolve disputes
Retains and manages external counsel for workout matters, including providing strategic direction and controlling costs
Provides ongoing reporting on litigation caseload
Completes diligence and coordinates closings for debt restructures, including the acquisition of collateral
Acts as legal/technical expert providing advice, insights and solutions to clients and consultants on applicable legal/technical and compliance issues affecting strategies, programs, plans (design and operations), and practices
Analyzes key policy, legislative and legal developments and issues, and shares advice, insights and solutions with internal and external clients
Researches relevant legal issues and technical and industry specific topics
Reviews current developments in the area of legal/technical expertise, prepares complex technical analyses and develops advice, insights, and solutions

Skills

Commercial Lending

Debt Restructuring

Distressed Assets

Lender Liability

Litigation

Insolvency

Contract Negotiation

Regulatory Compliance

Legal Drafting

Workout Strategies

Santander

Provides banking, investment, and insurance services

About Santander

Santander Bank provides a variety of financial services to individuals, small businesses, and large corporations in the United States. Its offerings include savings and checking accounts, loans, credit cards, and investment products. The bank also has specialized services through Santander Investment Services and insurance products via Santander Securities LLC. Santander stands out from its competitors by focusing on community growth, committing $13.6 billion to support initiatives like the 'Cultivate Small Business' program, which aids early-stage entrepreneurs, especially from underrepresented groups. The bank generates revenue through interest on loans, service fees, and commissions, while promoting responsible banking practices and financial education. Santander's goal is to empower individuals and businesses, enhance community prosperity, and provide comprehensive financial solutions.

Boston, MassachusettsHeadquarters

1902Year Founded

$75MTotal Funding

POST_IPO_DEBTCompany Stage

Fintech, Financial ServicesIndustries

10,001+Employees

Benefits

Health, dental, & vision

401k

Flexible PTO

Parental & sick leave

Discounts: technology, travel, auto, fitness, & tuition

Risks

ISO 20022 transition may challenge smaller business partners.

'Quishing' attacks pose a growing threat to consumer security.

Openbank faces competition in the U.S. high-yield savings market.

Differentiation

Santander's Openbank offers a 5.00% APY high-yield savings account nationwide.

The bank's Inclusive Communities Plan pledges $13.6 billion for community initiatives.

Santander's ISO 20022 adoption enhances operational efficiency and data management.

Upsides

Openbank's high-yield savings account attracts more U.S. customers.

Santander's renewable energy financing highlights commitment to sustainable investments.

Proactive cybersecurity measures enhance customer trust and protect digital assets.

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