Lending Attorney, Associate General Counsel

Job Description

Job DescriptionCompany Description

Israel Discount Bank of New York, also known by its registered service mark, “IDB Bank”, is a full service commercial bank chartered by the State of New York and a member of the Federal Deposit Insurance Corporation (FDIC). Our liquidity and capital ratios are strong, and we are ranked by Crain’s New York Business as the 24th largest commercial bank in the New York area. the Bank provides equal employment opportunities to all employees and applicants for employment without regard to race, color, religion, sex, sexual orientation, national origin, age, disability, genetic status, citizenship status, marital status, military or veteran status, current unemployment or any other legally protected category in accordance with applicable federal, state and local law.

Job Description

This position is part of a three-lawyer team within the Office of General Counsel who act as trusted advisors to client-facing bankers and other stakeholders on lending transactions and help manage legal and documentation risk for the bank. The team provides legal support on secured and unsecured loan facilities for the Commercial Banking and US Private Banking groups in the US. This position reports directly to the Associate General Counsel in charge of lending transactions.

Responsibilities include:

• Analysis and advice on structural, collateral and risk issues.
• Structure, draft, negotiate and review middle market, small cap, asset-based, corporate and private banking loan and collateral documentation, including credit agreements, promissory notes, guaranty agreements, security agreements, pledge agreements, account control agreement, amendments, consents and waivers.
• Draft and review ancillary documents such as non-disclosure/confidentiality agreements, non-reliance letters, payoff letters and release letters.
• Review of syndicated loan facilities as a co-lender or participant.
• Provide advice on workout credits.
• Escalate issues as appropriate and share potential concerns and issues with senior management and other stakeholders.
• This is not a real estate, bankruptcy, or compliance position, although some bankruptcy experience is a plus.

Qualifications

• J.D. from an accredited law school.
• Licensed to practice law in New York.
• 5 - 8 years of post-JD corporate lending experience at a law firm and/or in-house legal department at a bank.
• Substantial experience in secured lending transactions, including, but not limited to, corporate, private bank, asset-based, cash and securities-based lending.
• Experience with Article 9 of the UCC.
• Excellent verbal and written communication skills.
• Excellent business judgment and character as well as issue-spotting and problem-solving skills.
• Ability to work with minimal supervision as well as in a team environment.
• Ability to multi-task and work under deadlines is imperative.
• Experience with middle market and small-cap lending is a plus.
• Familiarity with letters of credit, bankruptcy and foreclosure matters is a plus.
• In-house experience, particularly at a bank, is a plus.

Salary: $250,000 - $270,000 depending on experience and qualifications

Job Schedule: Full time, hybrid (currently three days per week in-person, subject to change)

Additional Information

Disclaimer

The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.

All your information will be kept confidential according to EEO guidelines.

The Bank will make reasonable accommodations to the following employees to allow them to perform the essential functions of their position, except where doing so would result in undue hardship to the Bank:

• Those with a known mental or physical disability.
• Pregnant individuals and/or individuals with pregnancy or childbirth-related medical conditions.
• Victims of domestic violence, sex offenses or stalking.
• Employees with religious observance and practice obligations.

Any employee who believes he or she needs an accommodation for any of the above reasons should contact their supervisor or a member of Human Resources to request such an accommodation. In each case, the Bank will engage in a good faith written or oral dialogue concerning the individual’s accommodation needs; potential accommodations that may address the individual’s accommodation needs, including alternatives to a requested accommodation; and the difficulties that such potential accommodations may pose for the employer.

The Bank retains the ultimate discretion to choose the appropriate reasonable accommodation. Upon reaching a final determination at the conclusion of the cooperative dialogue, the Bank will provide the requesting individual with a written final determination identifying any accommodation granted or denied. In addition, the Bank will maintain any information regarding the employee’s request and status in the strictest confidence, except as requested by the employee, as required on a need-to-know basis or as otherwise required by law.

We are operating on a Hybrid schedule.

IDB BANK, INCLUDING ITS SUBSIDIARIES AND DIVISIONS, PROVIDES EQUAL EMPLOYMENT OPPORTUNITIES TO ALL EMPLOYEES AND APPLICANTS FOR EMPLOYMENT WITHOUT REGARD TO RACE, COLOR, RELIGION, SEX, SEXUAL ORIENTATION, NATIONAL ORIGIN, AGE, DISABILITY, GENETIC STATUS, CITIZENSHIP STATUS, MARITAL STATUS, MILITARY OR VETERAN STATUS, CURRENT UNEMPLOYMENT OR ANY OTHER LEGALLY PROTECTED CATEGORY IN ACCORDANCE WITH APPLICABLE FEDERAL, STATE AND LOCAL LAW. NOTHING IN THIS SITE CONSTITUTES A PROMISE OR OFFER OF EMPLOYMENT.