Associate Corporate Counsel

Royal Credit Union is looking to grow the Legal team with an attorney experienced in commercial lending, loss mitigation, and banking law. If you want to join an all-star Legal team, become the Associate Corporate Counsel at Royal Credit Union! In this role, you’ll develop comprehensive strategies for troubled business loan relationships, oversee advanced workout and legal actions, and provide practical legal advice across the organization to support informed decisions.

Why Royal?

• Member and Community Focused: We are dedicated to making a positive impact on our Members and the communities we serve, going beyond financial services to enrich lives and foster growth.
• Supportive Environment: Join a collaborative, values-driven workplace that is always evolving. We support each other and work together to achieve our goals.
• Professional Growth: We offer numerous opportunities for training and advancement, helping you continuously develop and advance your skills.
• Empowerment: We empower our team members to make decisions and drive initiatives that help our Members achieve their financial goals. Your ideas and contributions are valued and encouraged.
• Community Involvement: Engage with your local community through various initiatives and events, making a tangible difference where you live and work. Be part of something bigger.

What You’ll Do:

The Associate Corporate Counsel is primarily responsible for loss mitigation and workout activities for troubled business loan relationships and oversees advanced workout and legal actions. Part of that primary responsibility includes the development, documentation, and implementation of comprehensive strategies to resolve problem credit relationships and/or upgrade higher risk loan relationships while limiting losses to Royal in accordance with regulatory guidelines and corporate procedures, policies, and goals. The other part of that primary responsibility includes the management of OREO (Other Real Estate Owned assets), development and implementation of policies, procedures, and systems to manage and report on loan workout activities. This role will collaborate with Corporate Counsel, Special Assets Administrator, Collection Manager, Business Lenders, Credit Risk Officer, and external legal counsel to coordinate actions, strategies and achieve corporate goals. This role also has responsibility for providing practical legal advice to facilitate informed decisions that impact loss mitigation and workout activities.

Our Commitment To You:

Compensation

• Eau Claire Market: $112,028 - $134,555 annually
• Minnesota & St. Croix Valley: $128,918 - $154,814 annually
• This is an exempt-level, salaried position. (candidates with significant related experience may be higher)

Benefits

• Royal is proud to take care of our team members and their families! In addition to our comprehensive medical, dental, and vision insurance plans, Royal offers a 5% 401k employer match, paid family and sick leave, vacation and sick time accruals, childcare reimbursement, tuition and student loan debt assistance, pet insurance, and much more!

What’s Needed For This Position (Required):

• Bachelor’s Degree from an accredited University
• Juris Doctorate Degree from an ABA accredited law school
• Two years of experience as a practicing Attorney in a law firm or in-house legal department working with (can be a combination of experience):
  • Collections/Repossessions/Foreclosure/Bankruptcy
  • Mortgage lending
  • Commercial lending
  • General banking law
  • General corporate law
  • General litigation in MN and/or WI
• Three years of commercial lending/business collection experience or equivalent experience, including knowledge and experience with workout techniques and structures used in commercial lending.
• Licensed to practice law in Wisconsin or Minnesota Upon Hire.
• Strong analytical, problem-solving, organizational, judgment, and decision-making skills, with the ability to work independently, manage multiple priorities, meet deadlines, maintain quality, and achieve performance objectives.
• Strong knowledge of commercial lending, credit analysis, credit risk mitigation, workout strategies, contract law, valuation methodologies, regulatory guidance, accounting principles, and legal practices related to foreclosure, repossession, and bankruptcy.
• Strong written, verbal, and negotiation skills, with the ability to effectively present information, respond to questions, and prepare clear and concise reports, correspondence, procedures, and presentations.
• Ability to collaborate effectively across all levels of the organization, provide professional guidance to leadership, and lead or participate in projects while evaluating, improving, and implementing processes.
• Knowledge of applicable federal and state regulations and policy guidelines, proficiency with business systems and Microsoft Office products, and the ability to learn new technologies and use Royal's digital solutions.

We’d Love To See (Preferred):

• Five years of experience as a practicing Attorney in a law firm or in-house legal department working with (can be a combination of experience):
  • Contract review and preparation
  • Collections/Repossessions/Foreclosure/Bankruptcy
  • Mortgage lending
  • Commercial lending
  • General banking law
  • General corporate law
  • General litigation in MN and/or WI
• Three years of working with commercial real estate appraisals and regulatory standards applicable to same.
• Three years of overseeing and managing legal processes and regulatory standards related to workouts.

Work Schedule:

• This is a full-time exempt level position generally working Monday – Friday, 8:00am – 5:00pm with additional hours as needed.

Training:

• Prior to starting a normal work schedule, new Royal team members must attend Foundation Training at our Corporate Center in Eau Claire, WI from 9:00am - 4:30pm on Monday and Tuesday during their first week of employment. Out-of-town learners may be eligible for reimbursement of travel and lodging expenses, subject to Royal's travel and expense reimbursement guidelines.
  • Foundation Training covers fundamental information about Royal’s culture and core values which sets the stage for team members to be successful within our organization.