CIT Group Inc.

  • VP, Litigation Attorney

    Location US-NJ-Livingston
    Job ID
    31753
    # Positions
    1
    Job Family
    Legal - Litigation/Employment
    Type
    Full-Time
  • Overview

    Founded in 1908, CIT (NYSE: CIT) is a leading national bank empowering businesses and personal savers with the financial agility to navigate their goals. We believe in helping customers turn their ideas into outcomes. Whether those customers are building a business or building their savings, CIT has the experience and agility to empower them to achieve their goals. At CIT, how we do business is just as important as what we do. Our social responsibility programs focus on driving financial and personal empowerment, supporting the environment and advancing wellness. CIT contributes to communities where we live, work and do business through charitable donations, community investments and employee volunteerism.

    Responsibilities

    The Vice President, Litigation Attorney will be responsible for managing a caseload of mortgage-related litigation matters.

     

    The successful candidate will be asked to:

     

    • Manage a diverse caseload and oversee mortgage-related litigation and contested foreclosure and defensive litigation matters;
    • Engage and supervise outside counsel;
    • Provide legal advice and advise business unit(s) on various matters (assist as counsel and serve as a general resource to the Law Department);
    • Collaborate with, and provide legal advice and on-going support to in-house litigation team/counsel;
    • Review settlement offers/settlement agreements;
    • Review legal arguments and provide comments/edits on various pleadings;
    • Review litigation matters and determine strategy for legal issues;
    • Identify issues and escalate them within the Law Department as needed;
    • Review and analyze pleadings to determine risk;
    • Review and manage legal spend on litigation matters; monitor and review budgets;
    • Review invoices and ensure compliance with billing guidelines; and
    • Mitigate legal risk and minimize associated costs;
    • Determine whether settlement or pursuing litigation is the most efficient strategy;
    • Work well with numbers to calculate timeframes and evaluate costs and losses for reserve.

    Qualifications

    • JD from an accredited law school in the United States
    • 5-7 years of litigation experience through all phases (discovery, dispositive motions, trials/hearings)
    • Experience as both outside counsel and in-house counsel preferred
    • Knowledge of the mortgage lending industry and the foreclosure process
    • Knowledgeable of applicable state and federal laws and regulations relating to mortgage servicing
    • Mortgage servicing experience preferred
    • Background in commercial collection work also preferred
    • Advanced organizational and multitasking skills
    • Ability to communicate with all levels of leadership in a professional and organized manner
    • Ability to analyze complex issues, develop creative solutions, and provide sound, pragmatic legal advice to business clients
    • Excellent oral and written communication skills
    • Ability to work independently but exercise the judgment to seek guidance if appropriate
    • Ability to evaluate and approach litigation risk holistically
    • Demonstrates sound judgment and common sense

     

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