Entry level paralegal serp_jobs.h1.location_city

Genesis Capital (the "Company") is one of the largest business purpose lenders in the country, focused on providing commercial real estate financing solutions to real estate developers who buy, renovate, and sell single-family and / or multi-family residential real estate. The Company is a subsidiary of Rithm Capital (parent company), a publicly traded mortgage real estate investment trust.

As a member of the Legal and Compliance Department team, the Paralegal is responsible for assisting with various Legal and Compliance functions, including (i) the review of borrower documentation, to aid the company in meeting its AML / KYC and corporate authority review requirements, (ii) creating, modifying or customizing loan related documentation and templates, (iii) assisting with corporate maintenance and recordkeeping, and (iv) assisting in the development, maintenance, monitoring and enforcement of an effective compliance program, as required by applicable ethical and regulatory requirements.

ESSENTIAL FUNCTIONS include the following. Other duties may be assigned.

Borrower Underwriting / AML KYC / Entity Reviews

• Review and interpret borrower documentation, including but not limited to organizational documents, to ensure the company understands entity ownership and management for AML program and corporate authority review purposes.
• Run background reports and review for compliance issues, credit concerns and legal issues. Research issues through various investigative tools and sources to vet out mispins and assess the probability of actual customer matches. Provide additional documentation for escalations to Compliance, Credit or Legal. Significant discretion is required for this due diligence function.
• Set up and review alerts on updates to background reports.
• Monitor and ensure appropriate and accurate completion of Customer Identification Program (CIP) and Customer Due Diligence (CDD) for new clients.
• Review and chart entity relationships, including complex legal structures involving multiple entities, investors, lenders and equity incentive holders.
• Research Secretary of State websites to verify entity status prior to loan funding.
• Upload information as needed to the appropriate technology system.
• Maintain and update department procedures for AML program related duties.
• Act collaboratively with business partners to answer questions, and / or assist in arriving at the most effective and efficient resolution to comply with regulations and mitigate risk.
• Stay abreast of pertinent regulatory and compliance issues and ensure adherence with related laws and regulations.
• Protect all customer information and institution assets and comply with privacy and acceptable use policies.

Loan Documentation / Template and Form Maintenance

Corporate Recordkeeping

General Legal and Compliance

Education and Experience

To perform this job successfully, an individual must be able to perform each essential duty satisfactorily. The requirements listed below are representative of the knowledge, skill, and / or ability required. Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.

While this description is intended to be an accurate reflection of the position's requirements, it in no way implies / states that these are the only job responsibilities. Management reserves the right to modify, add or remove duties and request other duties, as necessary.

By applying to this position, the candidate acknowledges that this is not a remote role and is required to be on-site.

Compensation Range : $80,000 - $95,000 / annual

Equal Employment Opportunity

We're proud to be an equal opportunity employer- and celebrate our employees' differences, including race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, and Veteran status. Different makes us better.

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