Legal Counsel, Banking, Payments and Deposits

Your role

Do you like to play an integral role in key, transformational initiatives, putting your own stamp on new capabilities that will have a lasting impact on the organization? Would you like to be part of a talented corporate and bank regulatory team, focused on supporting a critical and growing segment of a leading and vibrant wealth management business? Do you have experience supporting fast-paced business initiatives with legal and regulatory matters related to consumer products, payments, and business and/or consumer deposits?

We’re looking for a legal counsel to:

•act as point of entry for legal and regulatory matters related to business and consumer deposits, retail and online/mobile banking, cash management products, and payment services
•monitor legal and regulatory developments impacting the business and consumer deposits and payments business in the United States
•provide advice to our business divisions on legal frameworks, issues, negotiations, client disclosures and agreements, and other related documentation
•support our strategic initiatives and projects, primarily in developing a first direct-to-client deposits and payments platform for UBS’s $120B+ US Bank catering to its US Wealth Management clients

Join us

At UBS, we know that it's our people, with their diverse skills, experiences and backgrounds, who drive our ongoing success. We’re dedicated to our craft and passionate about putting our people first, with new challenges, a supportive team, opportunities to grow and flexible working options when possible. Our inclusive culture brings out the best in our employees, wherever they are on their career journey. And we use artificial intelligence (AI) to work smarter and more efficiently. We also recognize that great work is never done alone. That’s why collaboration is at the heart of everything we do. Because together, we’re more than ourselves.
We’re committed to disability inclusion and if you need reasonable accommodation/adjustments throughout our recruitment process, you can always contact us.

Your team

You’ll be working in the UBS Bank USA, N.A. legal team, reporting to the Lead Counsel for US Banking, supporting staff primarily located in New Jersey/New York. We focus on delivering high-quality legal advice and solutions to our internal banking division. As a legal counsel, you’ll play an important role in making sure our business clients receive timely, accurate and coherent legal service.

We’re a team that support each other as we serve the needs of our clients.

Your expertise

• a law degree with current admission to the Bar in a US jurisdiction and license to practice in-house where you are located
•ideally, 5+ years of experience practicing law in the financial services sector
•motivated and skilled at driving a proactive solution-orientated process
•confident ability to advise and communicate effectively with management and US regulators
•strong analytical skills and demonstration of thought leadership
•a dedicated team spirit and ability to interact and communicate with colleagues on all levels
Pluses include:
•experience with US laws and regulations governing retail and business deposit-taking and cash management products and services, including Regulations CC, D, DD, E, J, P, and V
•knowledge of UCC articles 3, 4 and 4A, and payment system rules (e.g., NACHA, RTP, Fedwire/CHIPS)
•experience in preparing deposit service agreements and forms, deposit account agreements, disclosures and related third-party agreements
•experience with financial services technology system builds and/or integration
•you’re curious to explore how AI can improve how we build, deliver, and optimize workflows. You do this with sound judgment – validating outputs and aligning with policies, risk standards, and ethical use

About us

UBS is a leading and truly global wealth manager and the leading universal bank in Switzerland. We also provide diversified asset management solutions and focused investment banking capabilities. Headquartered in Zurich, Switzerland, UBS is present in more than 50 markets around the globe.
We know that great work is never done alone. That’s why we place collaboration at the heart of everything we do. Because together, we’re more than ourselves. Want to find out more? Visit ubs.com/careers.