Lead Paralegal - City National Bank
Los Angeles, CA 90071
About the Job
Overview:
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit cnb.com.
LEAD PARALEGAL- COMMERCIAL LENDING & TRANSACTIONAL
WHAT IS THE OPPORTUNITY?
This position provides support to the Legal Services Division on all aspects of commercial and consumer lending, purchase and sale transactions, and other general transactional matters. This position will manage the reviewing, drafting and negotiating of many types of legal contracts, including loan documents, documents and schedules related to purchase and sale agreements, and confidentiality agreements. Responsibilities also include the review of corporate organizational documents and trusts, conducting general due diligence, performing research assignments, and fielding questions from bank colleagues under attorney supervision.
What you will do
- Provides assistance to attorneys and other colleagues with respect to legal matters which include research, preparing memorandums, and drafting documents.
- Identifies regulatory and legal gaps within area of expertise and assists in addressing such gaps.
- Supports attorneys as needed.
- Oversees other staff members’ work as needed.
- May supervise outside counsel on assigned legal matters.
- Responsible for certain administrative or operational functions within the Legal & Corporate Administrative Group.
- Complies fully with all Bank policies and procedures, including the Colleague Code of Conduct, as well as all legal and regulatory requirements.
- Completes all required training.
- Review, draft and negotiate loan documents and related contracts, including credit agreements, promissory notes, guaranties, collateral agreements,
- subordination agreements, lien releases, waivers and consent letters, payoff letters, notices of default, subordination non-disturbance agreements (SNDAs), side
- letters, UCC-1 financing statements, and schedules. Manage the finalization of drafts and the closing of transactions.
- Review and analyze corporate resolutions, trust agreements, and organizational documents.
- Manage the process for reviewing confidentiality agreements and provide guidance to outside counsel with respect to bank policies.
- Manage and respond to internal colleague questions related to lending under attorney supervision.
- Manage the updating and organizing of Legal Service Division’s loan document forms and precedents.
- Review UCC searches and conduct other due diligence with respect to loan transactions.
- Manage, and be primarily responsible for, various tasks with respect to consumer and residential mortgage lending under attorney supervision.
- Assist with legal aspects of acquisitions and divestitures, including data room management, coordinating with different groups for due diligence, assisting with
- closing documents, and any other related projects.
- Assist attorneys with various tasks related to service agreements, vendor contracts, referral agreements and other bespoke agreements, including for bank
- affiliates.
- Conduct legal research and prepare legal memoranda and correspondence.
- Work with members of the legal team on special projects and initiatives as directed.
- Complies fully with all bank credit policies and procedures as well as all regulatory requirements (e.g., Regulation W, Regulation U, Community Reinvestment Act,
- Fair Lending Practices, Code of Conduct, etc.).
Must-Have*
- 10+ years of paralegal experience with a corporate law firm, public reporting corporation, government agency, or financial services institution required.
- 10+ years of basic computer experience required. (eg. Microsoft Word, Excel, Outlook and PowerPoint
Skills and Knowledge
- A certificate of completion of a paralegal program approved by the American Bar Association preferred.
- Thorough knowledge of the assigned specialized area(s) of the Bank .
- Strong legal research, writing, analytical, and communication skills; ability to solve problems independently.
- Strong contract drafting skills.
- Strong verbal and written communication skills and the ability to interact effectively with customers, outside attorneys, and City National Bank colleagues.
- Must be able to work accurately and effectively in a highly confidential, detail- and result-oriented environment.
- Ability to exercise good judgment, common sense and initiative, and to anticipate and spot potential issues.
- Strong time management skills and ability to multi-task and meet deadlines effectively.
- Effective project management, presentation and organizational skills.
- Experience in some of the above listed “Responsibilities” is expected.
- Prior experience working at a financial institution or working with financial institution clients at a law firm would be a plus.
- Thorough knowledge of legal research tools such as LEXIS, Westlaw, Practical Law.
- Strong computer proficiency (Microsoft – Word, Excel and Outlook).
- Self-motivated and be capable of working both independently as well as in a team.
Compensation
Starting base salary: $41.83 - $66.81 per hour. Exact compensation may vary based on skills, experience, and location. This job is eligible for bonus and/or commissions.
*To be considered for this position you must meet at least these basic qualifications
The preceding job description has been designed to indicate the general nature and level of work performed by employees within this classification. It is not designed to contain or be interpreted as a comprehensive inventory of all duties, responsibilities, and qualifications required of employees assigned to this job.
Benefits and Perks
At City National, we strive to be the best at whatever we do, including the benefits and perks we offer our colleagues. Get an inside look at our Benefits and Perks.
ABOUT CITY NATIONAL
City National Bank, a subsidiary of Royal Bank of Canada, is the largest bank headquartered in Los Angeles with $92.03 billion in assets as of April 30, 2024. Founded in 1954, City National provides personalized banking, investment and trust services in select markets including Los Angeles, Orange County, San Diego, the San Francisco Bay Area, New York City, Nashville, Atlanta, Delaware, Las Vegas, Washington D.C. and Miami.* In addition, the company and its investment affiliates manage or administer $96.83 billion in client investment assets. City National is dedicated to strengthening communities, and in 2023 alone, the company made more than $11 million in charitable contributions to nonprofits that support the communities it serves.
*City National Bank does business in Miami and the state of Florida as CN Bank.
For more information about City National, visit cnb.com.
EQUAL OPPORTUNITY EMPLOYER & REASONABLE ACCOMMODATION
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
City National Bank is an equal opportunity employer committed to promoting and maintaining a diverse, equitable and inclusive working environment where differences are valued and encouraged. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, veteran status or any other basis protected by the laws or regulations in the locations where we operate or in our Code of Conduct. READ MORE
If you are a qualified individual with a disability or a disabled veteran, you have the right to request a reasonable accommodation for any part of the employment process. Please contact us via email or leave a message at (213) 673-9139. These contact methods are dedicated to applicants whose disability prevents them from successfully applying online. Only messages left for this purpose will be returned. Responses may take up to two business days.
Source : City National Bank
