Senior Lead Counsel I- Artificial Intelligence

Our client operates in the Financial sector, with its headquarters rooted strongly in the United States. It has its branches spread to more than 160 countries, providing employment to more than 200k people all over the world. They fall in the Top 15 largest Banks in the United States. Its core business is to provide various Banking and Financial services to its clients. It is known to have one of the biggest balance sheet banks in the world (among others) aiding it to offer 360-degree financial services to its clients.

Responsibilities: 

• Support the Head of the IP Law Department to develop and implement legal strategies around use of AI and related IP and emerging technologies, in alignment with business objectives.
• Collaborate closely with cross-functional teams, including compliance and risk departments, to evaluate and mitigate legal risks associated with AI initiatives, while ensuring adherence to regulatory requirements.
• Provide comprehensive legal advice and guidance to internal stakeholders, including technology and product teams, data scientists, and business partners, regarding the lawful and secure implementation of AI technologies.
• Keep abreast of and support regulatory engagements, legislative developments, and case law relevant to AI in all jurisdictions where operates, continuously updating legal position on AI usage and effectively communicating any changes internally.
• Stay up-to-date with legal advancements in the field of AI and facilitate the dissemination of relevant updates to internal stakeholders, fostering awareness of potential legal implications and best practices.
• Support legal procurement teams in creating sourcing and licensing templates and guidance, ensuring contractual compliance with AI risk-mitigation, data, and IP requirements.
• Collaborate with subject matter experts within the Cross Enterprise Legal team, including specialists in IP, privacy, and cybersecurity, as well as in-region legal counsels and product counsels across the organization, and AI Center of Excellence, to ensure robust legal reviews of AI projects and use cases.
• Work closely with the IP Law Department's Patent counsel to develop strategies aimed at safeguarding and enforcing IP rights concerning AI and emerging technologies.
• Foster collaborative relationships with external legal counsel, regulatory bodies, and industry associations, remaining informed about evolving legal trends and actively supporting advocacy efforts in AI-related matters.
• Assist in the development and delivery of training programs to raise awareness of legal and compliance issues pertaining to IP, emerging technologies, and AI.

Requirements:

• 5-7+ years of relevant legal experience. 
• Financial industry experience and strong understanding of its unique legal and regulatory landscape is preferred.
• Proven track record of successfully working in high-pressure, fast-paced environments, handling multiple complex and confidential matters while meeting deadlines.
• Strong interpersonal skills and ability to work effectively within teams.
• Proven ability to apply sound judgement while managing complex subject matters and issues.
• Excellent written, verbal, presentation, problem solving and analytical skills.
• Knowledge of multi-jurisdictional laws and practices.
• Candidate should be comfortable managing risks and controls for emerging technologies, including AI; should understand the importance of data to AI and businesses; and should be familiar with issues arising from cross-border data transfers, PII limitations, outsourcing restrictions, banking regulations, cybersecurity, privacy, and open-source.
• License to practice law in good standing.