Director, Commercial Deposits & Payments Attorney

Job title: Director, Commercial Deposits & Payments Attorney

Company: Sterling National Bank


Job description: If you’re looking for a meaningful career, you’ll find it here at Webster. Founded in 1935, our focus has always been to put people first–doing whatever we can to help individuals, families, businesses and our colleagues achieve their financial goals. As a leading commercial bank, we remain passionate about serving our clients and supporting our communities. Integrity, Collaboration, Accountability, Agility, Respect, Excellence are Webster’s values, these set us apart as a bank and as an employer.Come join our team where you can expand your career potential, benefit from our robust development opportunities, and enjoy meaningful work!This role provides broad based internal legal support and strategic advice to the commercial banking deposit and payment vertical at Webster Bank. The position requires a close working partnership with line of business clients at all levels, with other internal legal colleagues, as well as risk management, compliance, regulatory and audit partners supporting those lines of business.Responsibilities:Structure complex deposit products and arrangements with third parties, working closely with business and technology partners to ensure adherence to legal and regulatory complianceOffer advice on a wide variety of commercial payment products and services including credit card, cash management, ACH, wires, integrated payables, and new payment products and servicesReview, draft, and negotiate contracts relating to bank products and deposits including, without limitation, control agreements (deposits and securities), escrow and pledge agreements, MSA and TOS for Treasury Management products and FBO structured accountsMaintain and update commercial banking form documents and applicable procedures for commercial productsAssist with processing and responding to internal questions related to bank operations (e.g., issues such account opening, signing authority, trust and estates, fiduciary or custodial roles, court orders, etc.)Partner with Compliance, Risk and Audit groups on supported divisional/departmental matters, as appropriateSupervise and manage external counsel, as appropriateEducation, Skills & ExperienceMinimum of 5 – 7 years’ experience working as an attorney with a law firm and/or as in-house counsel structuring, drafting and negotiating commercial deposit related agreements/forms for or with a financial institutionUnderstanding of the payments industry and related legal and regulatory frameworksAbility to identify legal issues, evaluate legal risks, and offer solutionsStrong negotiation, interpersonal, organizational skillsExcellent communication and drafting skillsDemonstrated experience and confidence in risk identification and analysis, and risk management decision makingMust have Juris Doctor and at least one state bar admission (active/good standing)The estimated base salary range for this position is $140,000 USD to $190,000 USD. Actual salary may vary up or down depending on job-related factors which may include knowledge, skills, experience, and location. In addition, this position is eligible for incentive compensation.#LI-JW1All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability or protected veteran status.

Expected salary: $140000 – 190000 per year

Location: Hartford, CT

Job date: Wed, 23 Jul 2025 22:25:37 GMT

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