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FVP, Asst General Counsel Intellectual property (IP)

PENNYMACPennymac is (NYSE: PFSI) is a specialty financial services firm with a comprehensive mortgage platform and integrated business focused on the production and servicing of U.S. mortgage loans and the management of investments related to the U.S. mortgage market.At Pennymac, our people are the foundation of our success and at the heart of our dynamic work culture. Together, we work towards a unified goal of helping millions of Americans achieve aspirations of homeownership through the complete mortgage journey.A Typical DayThe First Vice President Assistant General Counsel will provide extensive support related to intellectual property law to the company’s information technology, generative AI, mortgage operations, and compliance functions. In this role, the attorney will have responsibility for addressing and/or managing all of the intellectual property needs of the needs of Pennymac, working across all departments and business units to ensure comprehensive IP strategy and alignment. The First Vice President Assistant General Counsel will provide extensive support related to intellectual property law to the company’s information technology, generative AI, mortgage operations, and compliance functions. In this role, the attorney will have responsibility for addressing and/or managing all of the intellectual property needs of the needs of Pennymac, working across all departments and business units to ensure comprehensive IP strategy and alignment.The First VP Assistant General Counsel will:• Advise clients on legal rights and actions involving copyrights, patents, trademarks, and trade secrets• Supervise outside counsel• Lead ongoing training programs across the entire organization.• Negotiate and/or draft IP-related agreements, including technology-related contracts or software licensing agreements with the company’s vendors or service providers• Trademark Prosecution, with assistance from outside counsel• Conduct research and interviews to help with the company’s court cases or legal proceedings• Assist in determining patentability and drafting, filing, and prosecuting patent applications before the USPTO, with assistance from outside counsel when needed• Build scalable systems or processes to manage new technologies.• Perform other related duties as required and assignedDemonstrate behaviors that are aligned with the organization’s desired culture and values• Negotiate and/or draft new technology-related contracts or software licensing agreements with the company’s vendors or service providers• Ensure all company trademarks and service marks are protected and, as applicable, filed or renewed• Conduct research and interviews to help with the company’s court cases or legal proceedings• Evaluate inventions to determine patentability and drafting, filing and prosecuting patent applications before the USPTO, with assistance from outside counsel when needed• Perform other related duties as required and assigned• Demonstrate behaviors that are aligned with the organization’s desired culture and valuesWhat You’ll Bring• College degree and J.D., from an accredited law school, along with admittance to the applicable state Bar• 6+ years experience with a law firm or as in-house counsel with relevant experience in the areas of intellectual property law in both transactional and litigation areas• Strong Knowledge of U.S. and international IP laws and regulations• Experience with IP portfolio management and enforcement, including litigation support• Experience in the technology and/or housing finance industry a plusWhy You Should JoinAs one of the top mortgage lenders in the country, Pennymac has helped over 4 million lifetime homeowners achieve and sustain their aspirations of home. Our vision is to be the most trusted partner for home. Together, 4,000 Pennymac team members across the country are guided by our core values: to be Accountable, Reliable and Ethical in all that we do.Pennymac is committed to conducting a business that makes positive contributions and promotes long-term sustainable growth and to fostering an equitable and inclusive environment, where all employees and customers feel valued, respected and supported.Benefits That Bring It Home: Whether you're looking for flexible benefits for today, setting up short-term goals for tomorrow, or planning for long-term success and retirement, Pennymac's benefits have you covered. Some key benefits include:• Comprehensive Medical, Dental, and Vision• Paid Time Off Programs including vacation, holidays, illness, and parental leave• Wellness Programs, Employee Recognition Programs, and onsite gyms and cafe style dining (select locations)• Retirement benefits, life insurance, 401k match, and tuition reimbursement• Philanthropy Programs including matching gifts, volunteer grants, charitable grants and corporate sponsorshipsTo learn more about our benefits visit:https://pennymacnews.page.link/benefitsCompensation: Individual salary may vary based on multiple factors including specific role, geographic location / market data, and skills and experience as defined below:• Lower in range - Building skills and experience in the role• Mid-range - Experience and skills align with proficiency in the role• Higher in range - Experience and skills add value above typical requirements of the roleSome roles may be eligible for performance-based compensation and/or stock-based incentives awarded to employees based on company and individual performance.Salary$110,000 - $170,000Work ModelOFFICE

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What You Should Know About FVP, Asst General Counsel Intellectual property (IP), Pennymac

If you are an experienced attorney looking for an exciting opportunity, Pennymac is searching for a First Vice President, Assistant General Counsel for Intellectual Property (IP) in Plano, TX. At Pennymac, we pride ourselves on being at the forefront of the mortgage industry, helping millions achieve their homeownership dreams. In this unique role, you'll collaborate closely with our information technology team, generative AI initiatives, and mortgage operations to shape and protect our IP strategy. Your days will be dynamic and rewarding—advising on rights related to copyrights, patents, trademarks, and trade secrets, while managing relationships with outside counsel. You'll spearhead training programs, negotiate contracts, and ensure our trademarks retain their protective edge both domestically and internationally. The ideal candidate will possess a strong background in IP law, with at least six years of experience, ideally within the technology or housing finance sectors. Your legal expertise will not only help us nurture innovation but also safeguard our creations—a key aspect of our mission at Pennymac. Join a culture where accountability, reliability, and ethics guide every action and decision. If you're ready to drive meaningful progress in an inclusive environment that values your contributions, Pennymac is the place for you.

Frequently Asked Questions (FAQs) for FVP, Asst General Counsel Intellectual property (IP) Role at Pennymac
What responsibilities does the FVP, Assistant General Counsel for Intellectual Property at Pennymac have?

As the FVP, Assistant General Counsel for Intellectual Property at Pennymac, you will engage in a variety of responsibilities focused on safeguarding the company’s intellectual property assets. This includes advising on legal rights involving copyrights, patents, trademarks, and trade secrets, managing relationships with outside counsel, leading training initiatives for the team, and drafting or negotiating IP-related agreements. Your role is integral to developing and executing a comprehensive IP strategy that aligns with Pennymac's broader business goals.

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What qualifications are needed for the FVP, Assistant General Counsel for Intellectual Property at Pennymac?

To qualify for the FVP, Assistant General Counsel for Intellectual Property at Pennymac, candidates should possess a college degree and a J.D. from an accredited law school, along with admission to the applicable state Bar. A minimum of 6 years of experience in IP law, preferably with exposure to both transactional and litigation matters, is essential. Additionally, strong knowledge of U.S. and international IP laws, experience with IP portfolio management, and a background in the technology or housing finance industries would be beneficial.

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How does Pennymac support the professional growth of its FVP, Assistant General Counsel for Intellectual Property?

At Pennymac, professional growth is highly valued, with a focus on ongoing development for the FVP, Assistant General Counsel for Intellectual Property. The company fosters an inclusive learning environment that includes comprehensive training programs and opportunities for collaboration across various departments. Employees are also encouraged to engage in continued education and professional training, with support for attending legal seminars and conferences to enhance their skills and knowledge.

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What role does the FVP, Assistant General Counsel for Intellectual Property play in patent processes at Pennymac?

In the role of FVP, Assistant General Counsel for Intellectual Property at Pennymac, you will play a crucial part in evaluating inventions to determine patentability and managing the drafting, filing, and prosecuting of patent applications before the USPTO. This may include collaborating with outside counsel when necessary, ensuring that Pennymac stays ahead of the curve in protecting its innovations and assets through effective patent strategies.

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What is the workplace culture like for the FVP, Assistant General Counsel for Intellectual Property at Pennymac?

Pennymac promotes a vibrant workplace culture centered around core values of accountability, reliability, and ethical practices. As the FVP, Assistant General Counsel for Intellectual Property, you will be part of a collaborative team that supports innovation and embraces diverse perspectives. The company is committed to creating an equitable and inclusive environment where every employee is valued, respected, and empowered to succeed, enhancing the overall employee experience.

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Common Interview Questions for FVP, Asst General Counsel Intellectual property (IP)
Can you describe your experience with managing intellectual property portfolios?

Yes, I've managed intellectual property portfolios by conducting thorough assessments of existing IP assets, analyzing their market potential, and advising on strategies for enhancement and enforcement. A successful candidate should be prepared to showcase specific examples of how they identified gaps in protection or monetization opportunities within a portfolio, illustrating their proactive approach.

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What strategies do you employ for IP protection in technology agreements?

My strategies for IP protection in technology agreements include clear and comprehensive contract language that delineates ownership rights, licensing terms, and confidentiality obligations. Additionally, I prioritize including clauses that allow for compliance with changing regulations and technology advancements. Effective candidates should reference past scenarios where they successfully navigated complex negotiations to safeguard IP interests.

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How do you stay updated with changes in intellectual property law?

I stay updated with changes in intellectual property law by subscribing to legal publications, participating in relevant webinars, and attending industry conferences. Engaging with professional networks and organizations dedicated to IP law also helps in exchanging knowledge with peers. Candidates could enhance their answer by mentioning specific sources or organizations they actively follow.

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What experience do you have with trademark prosecution?

My experience with trademark prosecution includes conducting clearance searches, preparing and filing trademark applications, and managing opposition proceedings. I ensure all stages are compliant with IP requirements and effectively liaise with outside counsel. Candidates are advised to mention specific trademarks they have successfully prosecuted and any challenges faced during the process.

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Can you elaborate on how you've handled IP litigation support?

In my experience with IP litigation support, I have conducted legal research, coordinated with litigation teams, and assisted in drafting pleadings and discovery documents. I focus on gathering relevant evidence and working closely with experts to build strong cases. Candidates can bolster their response by citing particular cases where their input notably strengthened their team's position.

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Describe a time where you needed to negotiate an IP agreement.

I once needed to negotiate a licensing agreement for proprietary software. My approach involved understanding the needs of both parties, establishing key terms upfront, and building rapport through transparent communication. Candidates should highlight specific tactics they used to secure favorable terms while maintaining relationships with vendors.

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How do you evaluate the patentability of an invention?

To evaluate the patentability of an invention, I conduct detailed prior art searches, analyze the novelty and non-obviousness of the invention, and consult with inventors to clarify unique aspects. I also prepare findings to present to decision-makers, making a clear case for potential patent applications. Candidates might mention tools or methodologies they prefer in conducting evaluations.

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What role does innovation play in your legal strategies?

Innovation plays a critical role in my legal strategies by influencing how I advise clients on capturing and protecting new ideas. I proactively identify trends that could impact IP rights and develop strategies to leverage innovative technologies. Candidates should reflect on how they've embraced innovation within their previous positions to remain relevant and effective.

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How do you handle conflicts with outside counsel?

Handling conflicts with outside counsel requires open communication and a collaborative approach. I focus on establishing shared goals from the outset and am quick to address any concerns that arise. Candidates can further illustrate this by sharing an anecdote that reflects their conflict resolution skills and could demonstrate their ability to maintain productive working relationships.

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Why do you want to work as the FVP, Assistant General Counsel for Intellectual Property at Pennymac?

I am drawn to the role because of Pennymac's commitment to innovation in the mortgage industry and its emphasis on ethical practices. I am passionate about helping companies protect their intellectual properties while supporting their growth objectives. Candidates should express their personal alignment with Pennymac’s values and how they see their expertise contributing to the team’s success.

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December 10, 2024

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