
Job Information
U.S. Bank Corporate Counsel - Supply Chain Finance, Trade (Letters of Credit), Accounts Receivable Purchases in Charlotte, North Carolina
At U.S. Bank, we’re on a journey to do our best. Helping the customers and businesses we serve to make better and smarter financial decisions and enabling the communities we support to grow and succeed. We believe it takes all of us to bring our shared ambition to life, and each person is unique in their potential. A career with U.S. Bank gives you a wide, ever-growing range of opportunities to discover what makes you thrive at every stage of your career. Try new things, learn new skills and discover what you excel at—all from Day One.
Job Description
This position provides legal support for U.S. Bank’s Working Capital Group with respect to a broad range of trade products and services provided to customers of the Bank to help them meet their working capital needs. The attorney will support each of the Core Trade and Supply Chain Finance business units and will report into senior counsel responsible for those business units.
Key Responsibilities
In this role, you will be working closely with senior counsel in connection with the following:
Providing legal support to the supply chain finance team in connection with receivables purchases through supplier-led A/R sales or buyer-led supply chain financing transactions on a bi-lateral or participation basis
Reviewing and analyzing various structures for such accounts receivables purchases, including various fin-tech platform structures, and providing legal advice to the supply chain finance team on the legal risks associated with such structures
Reviewing and analyzing guidance received from external counsel regarding suppliers and obligors in foreign jurisdictions, advising the supply chain finance team on the risks associated therewith and assisting in delineating requirements to be satisfied in each jurisdiction
Assisting in the drafting, updating and storage of model documents to be utilized in connection with accounts receivable transactions
Assisting in the drafting, reviewing and negotiating of transaction documents and closing deliverables, including reviewing of supplier on-boarding documents
Providing legal support to the Core Trade team in connection with questions arising in the connection with traditional trade products, including letters of credit
Assisting in drafting, updating and storage of model documents to be utilized in connection with trade products, including model letter of credit reimbursement agreements
Staying abreast of and evaluating developments pertaining to the use of electronic signatures and electronic documents in the trade space
Providing general legal support with respect to legal and regulatory issues.
Basic Qualifications
- Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority
Preferred Skills/Experience
Strong contract drafting, negotiating, issue-spotting and risk identification skills.
Knowledge of UCC Article 9.
The ability to communicate clearly, both verbally and in writing, and communicate with senior counsel and external counsel.
Strong work ethic and self-initiative, with the ability to manage a high volume of work in a fast-paced and changing environment.
Licensed by and in good standing with the appropriate state bar association or other appropriate state attorney licensing authority.
Five to eight years of relevant experience
Prior experience representing financial institutions.
Experience with receivables purchases, supply chain finance or commercial lending.
Familiarity with UCC Article 3.
Experience with letters of credit (issuing, confirming, advising and discounting), ISP98, UCP600 and UCC Article 5, and traditional trade products.
Experience with cross border issues.
We are proud that U.S. Bank has been recognized as a World’s Most Ethical Company® by the Ethisphere Institute and has been named the #1 Most Admired Superregional Bank by Fortune magazine.
Successful candidates for a position in the U.S. Bank Law Division support U.S. Bank’s core values, which guide what we do every day:
We do the right thing.
We power potential.
We stay a step ahead.
We draw strength from diversity.
We put people first.
In the U.S. Bank Law Division, we honor those values through our mission: “we guide our clients to remarkable results with expert legal counsel.” Our commitment is evident in the work we do, not only for the Bank, but for our communities. The Law Division has received several awards for its pro bono contributions, including the Minnesota Corporate Pro Bono Council’s “Excellence in Pro Bono Award,” and we encourage our legal professionals to contribute time and expertise to pro bono work as part of their role. In addition, the Law Division has been recognized for its leadership and engagement in Diversity, Equity, and Inclusion initiatives.
If there’s anything we can do to accommodate a disability during any portion of the application or hiring process, please refer to our disability accommodations for applicants (https://careers.usbank.com/global/en/disability-accommodations-for-applicants) .
Learn how the way we work at U.S. Bank (https://assets.phenompeople.com/CareerConnectResources/prod/UBNAGLOBAL/documents/Thewaywework-1666895142717.pdf) drives meaningful relationships with our customers and collaboration across the company.
Benefits:
Our approach to benefits and total rewards considers our team members’ whole selves and what may be needed to thrive in and outside work. That's why our benefits are designed to help you and your family boost your health, protect your financial security and give you peace of mind. Our benefits include the following (some may vary based on role, location or hours):
Healthcare (medical, dental, vision)
Basic term and optional term life insurance
Short-term and long-term disability
Pregnancy disability and parental leave
401(k) and employer-funded retirement plan
Paid vacation (from two to five weeks depending on salary grade and tenure)
Up to 11 paid holiday opportunities
Adoption assistance
Sick and Safe Leave accruals of one hour for every 30 worked, up to 80 hours per calendar year unless otherwise provided by law
EEO is the Law
U.S. Bank is an equal opportunity employer committed to creating a diverse workforce. We consider all qualified applicants without regard to race, religion, color, sex, national origin, age, sexual orientation, gender identity, disability or veteran status, among other factors. Applicants can learn more about the company’s status as an equal opportunity employer by viewing the federal KNOW YOUR RIGHTS (https://eeoc.gov/sites/default/files/2022-10/EEOC_KnowYourRights_screen_reader_10_20.pdf) EEO poster.
E-Verify
U.S. Bank participates in the U.S. Department of Homeland Security E-Verify program in all facilities located in the United States and certain U.S. territories. The E-Verify program is an Internet-based employment eligibility verification system operated by the U.S. Citizenship and Immigration Services. Learn more about the E-Verify program (https://careers.usbank.com/verification-of-eligibility-for-employment) .
The salary range reflects figures based on the primary location, which is listed first. The actual range for the role may differ based on the location of the role. In addition to salary, US Bank offers a comprehensive benefits package, including incentive and recognition programs, equity stock purchase 401k contribution and pension (all benefits are subject to eligibility requirements). Pay Range: $125,715.00 - $147,900.00 - $162,690.00
U.S. Bank will consider qualified applicants with criminal histories in a manner consistent with the San Francisco Fair Chance Ordinance.