What are the responsibilities and job description for the ASSISTANT CORPORATION COUNSEL position at NYC Department of Social Services?
The New York City Law Department is seeking an attorney with two to five years of experience to serve as an in-house counsel to the City and related entities that issue municipal bonds and facilitate loans with respect to corporate governance, litigation audits, federal disclosure issues and documentation for municipal bonds and other complex debt instruments. New York City, one of the largest municipal bonds issuers in the country, issues billions of dollars of debt through general obligation bonds and the bonds of City-related authorities and local development corporations. The bond proceeds fund City capital projects in a variety of areas, including education, transportation, economic development and environmental protection. The Division also performs legal work related to the corporate governance activities of said authorities and local development corporations and the New York City Water Board, produces litigation letters and generally assists with procedures related to their annual financial audits and is responsible for compliance with federal regulations that require the public disclosure of financial information material to investors. The Municipal Finance attorney responsibilities will include but are not limited to:
Applicants must be admitted to practice law in the State of New York with a minimum of two years relevant legal experience subsequent to bar admission. Preferable experience includes working on corporate governance activities required by the local, state or federal regulatory compliance, preparing due diligence, such as litigation letters for financial audits, a working knowledge of disclosure and filing requirements related to the U. S. Securities and Exchange Commission (SEC) and familiarity with complex debt instruments such as bonds, loans and public offering documents. In addition, applicants should demonstrate experience working with large transaction teams. Duties will also involve producing transaction documents under strict deadlines and working with senior New York City policymakers.
Preferred Skills
Experience in and working knowledge of capital project financing and other related financing transactions, not-for-profit and/or corporate governance, local, state and federal regulatory compliance, New York Not-For-Profit Law, federal securities laws, and applicable federal income tax issues and complex debt instruments are preferred.
Public Service Loan Forgiveness
As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.
Residency Requirement
New York City Residency is not required for this position
Additional Information
The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
- Assisting the City and related entities in complying with federal continuing disclosure requirements and practices over the life of each bond issue with respect to the City and its related issuers to ensure consistency with municipal market and regulatory expectations.
- Attending all local development corporations’ board meetings, counseling the board members on all corporate governance and disclosure matters related to federal, state and local regulatory compliance.
- Coordinating with City agencies, including State and City Comptroller in providing certain due diligence, such as reporting on financial information in accordance with the SEC and other federal, state and/or local finance laws.
- Working closely with City agencies to help the City and its related issuers develop post-issuance compliance policies and procedures in accordance with securities laws.
- Tracking, reviewing, researching, analyzing and filing all ratings of City bonds, underwriters and other City related bond issuers through the Electronic Municipal Market Access (EMMA) portal.
- Conducting due diligence regarding material compliance with the City and its related issuers’ offering documents to determine whether voluntary disclosure updates are necessary.
- Assisting the City and its related issuers in review and analysis of, and preparation of comments on proposed laws, regulations and rules relating to the City’s financings, including but not limited to MSRB and SEC amendments.
- Preparing and reviewing documents related to the issuance of debt instruments including public offering documents; and
- Assisting Division attorneys in the management and oversight of certain City facilitated loan programs.
Applicants must be admitted to practice law in the State of New York with a minimum of two years relevant legal experience subsequent to bar admission. Preferable experience includes working on corporate governance activities required by the local, state or federal regulatory compliance, preparing due diligence, such as litigation letters for financial audits, a working knowledge of disclosure and filing requirements related to the U. S. Securities and Exchange Commission (SEC) and familiarity with complex debt instruments such as bonds, loans and public offering documents. In addition, applicants should demonstrate experience working with large transaction teams. Duties will also involve producing transaction documents under strict deadlines and working with senior New York City policymakers.
Preferred Skills
Experience in and working knowledge of capital project financing and other related financing transactions, not-for-profit and/or corporate governance, local, state and federal regulatory compliance, New York Not-For-Profit Law, federal securities laws, and applicable federal income tax issues and complex debt instruments are preferred.
Public Service Loan Forgiveness
As a prospective employee of the City of New York, you may be eligible for federal loan forgiveness programs and state repayment assistance programs. For more information, please visit the U.S. Department of Education’s website at https://studentaid.gov/pslf/.
Residency Requirement
New York City Residency is not required for this position
Additional Information
The City of New York is an inclusive equal opportunity employer committed to recruiting and retaining a diverse workforce and providing a work environment that is free from discrimination and harassment based upon any legally protected status or protected characteristic, including but not limited to an individual's sex, race, color, ethnicity, national origin, age, religion, disability, sexual orientation, veteran status, gender identity, or pregnancy.
