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Counsel

S&T Bank
$75,000.00 - $160,000.00
United States, Pennsylvania, Pittsburgh
358 North Shore Drive (Show on map)
Nov 26, 2024

Work Location:

Main Office (Indiana, Pa) or North Shore Office (Pittsburgh, Pa)

Main Office:

800 Philadelphia Street

Indiana, Pa 15701

North Shore Office:

358 North Shore Drive
Pittsburgh, Pa 15212

Work Hours:

Monday - Friday

8:00am - 5:00pm

(Additional hours as needed to fulfill the needs of the department)

Function:

Provides guidance and support on legal matters related to financial documents, transactions, policies, and procedures at the direction of the Bank's General Counsel to employees, shareholders, and customers.

Duties and Responsibilities:
1. Possesses a strong general corporate experience involving regulated financial institutions, including experience advising such institutions on corporate governance matters.
2. Understands, analyzes, and applies laws and regulations associated with a multi-state banking entity.
3. Advises on SEC matters, regulations regarding Fair Disclosure, insider trading guidelines, executive level compensation matters, and shareholder concerns, including proxy materials.
4. Other areas where the Senior Counsel will likely become involved include risk management, consumer and commercial banking, wealth management/trust, compliance, contracts, employment law, real estate law, vendor management, and intellectual property.
5. Drafts, reviews and negotiates agreements, contracts, and other legal documents.
6. Ensures contract terms and conditions address primary business risk areas, such as indemnification, limitations of liability, and contract compliance, are addressed in the best interest of the Bank.
7. Provides guidance to business partners on the development of Service Level Agreements and ensure meaningful remedies and recourse are included in all contracts.
8. Serves as lead negotiator and/or relationship manager with vendors as assigned on contracts.
9. Provides legal analysis in connection with the development of innovative product solutions and user interface enhancements and assist with the implementation of new products and key strategic projects.
10. Collaborates with business teams and legal/compliance colleagues and other control functions to address and resolve complex issues, develop policies, procedures, and training materials to advance the business objectives in a compliant manner.
11. Instructs and liaise with external counsel, as required, on transactional and bespoke product matters, including review and analysis of legal opinions.
12. Advises the businesses on key legal/regulatory issues.
13. Assists in managing litigation, handle writs and subpoenas.
14. Prepares bank regulatory applications and notices and other regulatory filings, including those attendant to expansionary activities, investments and dissolutions.
15. Possess and demonstrate knowledge of commercial banking services and products, including familiarity with treasury and merchant services, electronic financial transactions and the payments industry and laws and regulations applicable thereto, including cybersecurity and privacy. Experience with, or demonstrated interest in, digital products/services, online and mobile banking, emerging payments technology, and/or technology transactions a plus.
16. Other duties as assigned.

Physical Demands
Requires the use of manual dexterity skills for typing and data entry for a period of up to 60% of the business day. Specific vision requirements include close vision of 18"-20" for computer work. Must be able to lift, move, and/or carry up to 20lbs. Reasonable accommodations may be made to enable individuals with disabilities to perform essential functions.

Education:

Juris Doctorate or Master of Laws degree from an ABA accredited law school with 8+ years of experience with either a U.S. law firm and/or in-house legal department with a focus on banking transactions and related matters.

Active member in good standing with the state bar association of a footprint state of the Bank (i.e., Pennsylvania, Ohio, New York) or, if licensed in another state, able to qualify for admission in a footprint state of the Bank within 180 days of employment.

Experience:

Five to ten years' experience in the legal field with a five to ten years specialization of financial services experience preferred.

Incumbent should have a strong background in secured transactions and experience and a desire to work in one or more of the following areas: bank regulatory matters at the federal and state level, bank charters, change in control, acquisition activities, community reinvestment activities, bank service agreements, single bank and syndicated secured and unsecured loan facilities (including, revolving credit and term credit facilities), letters of credit, interest rate hedging agreements, intercreditor arrangements, commercial and consumer loan agreements, mortgages and related documents, subordinated debt financings, equipment lease financing, and securitizations.

Equal Opportunity Employer/Protected Veterans/Individuals with Disabilities

The contractor will not discharge or in any other manner discriminate against employees or applicants because they have inquired about, discussed, or disclosed their own pay or the pay of another employee or applicant. However, employees who have access to the compensation information of other employees or applicants as a part of their essential job functions cannot disclose the pay of other employees or applicants to individuals who do not otherwise have access to compensation information, unless the disclosure is (a) in response to a formal complaint or charge, (b) in furtherance of an investigation, proceeding, hearing, or action, including an investigation conducted by the employer, or (c) consistent with the contractor's legal duty to furnish information. 41 CFR 60-1.35(c)

Salary Range:

$75,000.00 - $160,000.00
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