Transaction Banking Operations, Client Onboarding Legal Specialist, Vice President

TRANSACTION BANKING OPERATIONS

 Transaction Banking Operations is part of Transaction Banking within the Platform Solutions Division, comprised of below primary functions: 

• We enable Sales by providing clients a differentiated experience through their pre-sales and go-live journey, through onboarding, implementation and testing, go live and early-stage support
• We provide best in class service to our clients post go live across all their business needs, including payments and transactions flows across our global payment rails
• We support the build and development of new Treasury Products, Services and Partnerships, alongside Product, Risk and Engineering teams, by handling all Operational process, procedure and control development 

TxB Operations is a growing sub-division, with regional presence in Singapore, Bengaluru, London, New York, and Dallas. All our offices work closely together as a single global team. As this business expands, we will look to increase our global footprint accordingly.

YOUR IMPACT

The Transaction Banking Client Onboarding team is seeking a seasoned and driven individual with experience and expertise reviewing Legal agreement, including Escrow and DACA contact negotiations and a client’s Banking Resolutions. You will work with clients, counsel, and internal Legal / Product partners to support the onboarding and servicing of accounts from negotiation to setup/funding and post account opening activities.

HOW YOU WILL FULFILL YOUR POTENTIAL (RESPONSIBILITIES) 

• Lead the review of Legal agreements supporting the onboarding and servicing of Transaction Banking clients, in close partnership with Legal, Compliance, Risk, and Product teams 
• Understand the business purpose and deal structure for Transaction Banking accounts, including Escrow and DACA
• Understand duties to be performed by Transaction Banking as the Escrow Agent and DACA Bank, and the impact of legal terms on operational processes
• Ensure all terms outlined in the governing Escrow/DACA agreement support Transaction Banking processing and capabilities (prior working knowledge of operational processing within banking is a plus)
• Support the Transaction Banking Operations team in post-closing obligations, based on the negotiated contracts.
• Partner with Product and Sales to maximize new business opportunities, including but not limited to Escrow/DACA
• Serve as the subject matter expert for global Escrow and DACA accounts and end-t-end operational processes.

QUALIFICATIONS REQUIRED

• 3+ years of professional experience in financial services, preferably in Escrow, Account Bank, Trust and/or Custody 
• Prior experience of reviewing legal agreements supporting Escrow/DACA transactions, Banking Resolutions, and other banking terms
• Working knowledge of banking operations, including client onboarding and servicing 
• Strong verbal and written communication skills 
• Excellent organization and attention to detail  
• Experience with stakeholder coordination (both internal and external parties)