Senior Director, Banking & Financial Institution Counsel

The Senior Director, Banking & Financial Institution Counsel at Bottomline is responsible for reviewing and negotiating technology contracts with banks and financial institutions. This includes providing expert legal advice on banking regulations and compliance, collaborating with various internal teams, and navigating complex financial transactions while ensuring adherence to regulatory standards.

To qualify for the Senior Director, Banking & Financial Institution Counsel position at Bottomline, candidates must possess a Juris Doctor (JD) degree from an accredited law school and be a member in good standing with a state bar association. Additionally, a minimum of 10 years of experience in federal and state banking, finance, and compliance, along with exceptional negotiation skills, is essential.

The work environment for the Senior Director, Banking & Financial Institution Counsel at Bottomline is dynamic and fast-paced, requiring the ability to adapt to evolving regulatory landscapes. The position is hybrid, allowing for flexibility while ensuring compliance and collaboration with various internal stakeholders.

Success in the Senior Director, Banking & Financial Institution Counsel role at Bottomline hinges on strong negotiation and communication skills, a deep understanding of banking regulations, and the ability to manage multiple projects simultaneously. A robust business acumen to align legal strategies with corporate objectives is also crucial.

Bottomline values professional development and provides support through ongoing training opportunities, access to industry resources, and collaboration with business leaders. This ensures that the Senior Director, Banking & Financial Institution Counsel is well-equipped to tackle the challenges posed by the ever-evolving financial landscape.

In your answer, focus on specific examples where you successfully negotiated terms that benefitted both parties. Highlight the strategies you used to understand each party's needs and how you ensured compliance with regulations throughout the process.

Discuss the methods you use to stay updated, such as following industry publications, attending conferences, and utilizing professional networks. Emphasize your proactive approach in informing your team or organization about potential impacts.

Share a specific challenge, such as a contentious clause or regulatory uncertainty, and describe the steps you took to resolve it. Focus on your problem-solving and negotiation skills in navigating complex issues.

Explain your approach to identifying and assessing legal risks in financial transactions. Discuss how you balance these risks against business objectives, crafting solutions that mitigate risks while enabling successful outcomes.

Emphasize the importance of working closely with compliance, risk, and business teams. Provide examples of how collaborative efforts have led to better legal strategies and outcomes, helping the organization meet its goals.

Highlight your familiarity with key regulations that govern the fintech sector, such as AML and KYC. Offer examples of how you have ensured compliance in past roles and how that aligns with Bottomline's objectives.

Walk through your step-by-step approach to drafting and negotiating SaaS agreements, including understanding user needs, defining service levels, and incorporating compliance requirements. Stress the importance of clear communication during negotiations.

Share a specific scenario where you devised and implemented a legal strategy that improved outcomes for your organization. Include key stakeholders involved and the ultimate results achieved.

Express your understanding of current challenges, such as evolving cybersecurity regulations or cryptocurrency compliance. Discuss your insights into how these issues may affect Bottomline and your approach to addressing them.

Outline your strategy for handling disputes, including gathering facts, analyzing legal implications, and recommending actions. Stress the importance of mediation and negotiation skills to achieve a favorable resolution for all parties.