Associate ABS Counsel

In the Role

• Lead and manage legal aspects of asset-backed securitization and financing transactions, including drafting and negotiating transaction documents such as private placement memoranda, servicing agreements, and indentures for OneMain’s consumer loan, auto and credit card platforms.
• Identify and relay issues to deal team/internal stakeholders for discussion and resolution.
• Assist with the legal deal process from pre-closing through post-closing activities, including ongoing management of transaction documents post-close.
• Stay informed of changes to relevant law and regulations and advising legal team and capital markets team about any impact to the business.
• Provide clear and concise guidance to business units, including finance, legal, treasury and operations teams, particularly on novel and complex legal issues.
• Provide legal support for other finance transactions presented by the capital markets team, ensuring alignment with business objectives and compliance requirements.
• Manage relationships with external counsel, ensuring high-quality and cost-effective legal support.
• Willingness and desire to assist with corporate governance matters and general corporate transactions and support other projects for the legal department as necessary.

Requirements

• Juris Doctor (JD) from an accredited law school and admission to at least one state bar.
• Minimum of 4+ years of experience in structured finance, with a focus on asset-backed securitizations, preferably at a top law firm or in-house legal department.
• Comprehensive knowledge of securitization laws, regulations, and market practices.
• Strong drafting, negotiation, and analytical skills.
• Excellent communication and interpersonal skills, with the ability to work effectively with cross-functional teams.
• Detail-oriented with strong organizational and project management skills.
• Ability to thrive in a fast-paced and operate independently in a fast-paced environment.

Location: Baltimore, MD

Who we Are                                        

OneMain Financial (NYSE: OMF) is the leader in offering nonprime customers responsible access to credit and is dedicated to improving the financial well-being of hardworking Americans. Since 1912, we’ve looked beyond credit scores to help people get the money they need today and reach their goals for tomorrow. Our growing suite of personal loans, credit cards and other products help people borrow better and work toward a brighter future.

Driven collaborators and innovators, our team thrives on transformative digital thinking, customer-first energy and flexible work arrangements that grow lives, careers and our company. At every level, we’re committed to an inclusive culture, career development and impacting the communities where we live and work. Getting people to a better place has made us a better company for over a century. There’s never been a better time to shine with OneMain.

Because team members at their best means OneMain at our best, we provide opportunities and benefits that make their health and careers a priority. That’s why we’ve packed our comprehensive benefits package for full- and some part-timers with: 

• Health and wellbeing options including medical, prescription, dental, vision, hearing, accident, hospital indemnity, and life insurances 
• Up to 4% matching 401(k)   
• Employee Stock Purchase Plan (10% share discount)   
• Tuition reimbursement   
• Paid time off (15 days’ vacation per year, plus 2 personal days, prorated based on start date) 
• Paid sick leave as determined by state or local ordinance, prorated based on start date 
• Paid holidays (7 days per year, based on start date) 
• Paid volunteer time (3 days per year, prorated based on start date) 

Baltimore: Target base salary range is 180,000-220,000, which is based on various factors including skills and work experience. In addition to base salary, this role is eligible for a competitive compensation program that is based on individual and company performance.

New York: Target base salary range is 180,000-220,000, which is based on various factors including skills and work experience. In addition to base salary, this role is eligible for a competitive compensation program that is based on individual and company performance.

OneMain Holdings, Inc. is an Equal Employment Opportunity (EEO) employer. Qualified applicants will receive consideration for employment without regard to age, ancestry, citizenship status, color, creed, culture, disability, ethnicity, gender, gender identity or expression, genetic information or history, marital status, military status, national origin, nationality, pregnancy, race, religion, sex, sexual orientation, socioeconomic status, transgender or on any other basis protected by law.