Attorney II - Consumer Banking & Wealth Mgmt
Charlotte, North Carolina;Atlanta, Georgia; Jacksonville, Florida; Dallas, Texas; Boston, Massachusetts; Providence, Rhode Island; New York, New York; Los Angeles, California; Pennington, New Jersey
Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Job Description:
This job is responsible for providing legal support and strategic advice to the Global Wealth & Investment Management line of business on high net worth lending products, services, and regulatory matters including securities based loans, unsecured loans, and custom loans involving various collateral @types and cross border transactions. Key responsibilities include reviewing legal documents, interpreting laws and regulations, performing legal research, and communicating legal advice to internal partners. Job expectations include directing the work of outside counsel on related matters and coordinating the work of Paralegals or other Legal staff.
Responsibilities:
Analyzes legal issues and implications related tohigh net worth lending products and services
Provides legal support in structuring, negotiating, and documenting various @types of loans
Assists with loan workouts and distressed loan scenarios, as well as internal and external audit examinations
Communicates clear, concise, actionable, and business-informed legal advice, including occasionally to leadership
Interprets rules, laws, and regulations from a compliance and business control standpoint; ensures that proposed transactions are in compliance with applicable policies, laws, and regulations
Drafts, reviews, and/or negotiates complex legal documents and legal opinions
Gathers, assesses, and evaluates information from various sources to make a judgment or inference
Supports company responses to government agency examinations and investigations, enforcement actions, private complaints, and litigation
Works closely with various internal clients and partners including product management, underwriters, document preparation groups, client facing personnel, risk management, compliance, regulatory and audit partners, and other functions that support the Global Wealth & Investment Management lending business
Skills:
Advisory
Influence
Interpret Relevant Laws, Rules, and Regulations
Policies, Procedures, and Guidelines
Risk Management
Critical Thinking
Decision Making
Issue Management
Legal Drafting and Writing
Regulatory Compliance
Attention to Detail
Collaboration
Executive Presence
Legal Structures and Legal Forms
Problem Solving
Required Qualifications:
A Juris Doctorate degree and at least one state bar admission (active/good standing)
Minimum of 8 years of relevant experience, preferably within a law firm setting or as in-house counsel at a banking/financial institution
Strong understanding of loan, pledge and security documentation, applicable consumer and bank regulations, applicable securities regulations, and applicable issues associated with lending to clients of an affiliated broker-dealer
Strong communication and drafting skills and proven experience and confidence in risk identification, analysis and resolution
Strong risk management skills with a commercial and pragmatic approach to resolving issues
Strong work ethic and a proven ability to multitask and perform within a fast-paced environment with minimal supervision
Proficient in Microsoft suite and other related software
Minimum Education Requirement: Doctorate degree in related field
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
To view the "Know your Rights" poster, CLICK HERE (https://www.eeoc.gov/sites/default/files/2023-06/22-088\EEOC\KnowYourRights6.12.pdf) .
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
To view Bank of America's Drug-free Workplace and Alcohol Policy, CLICK HERE .
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
