Attorney - Fraud & Claims and At-Risk Persons
Charlotte, North Carolina;Dallas, Texas; Plano, Texas
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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 role offers an exciting opportunity to come join the Legal team supporting Fraud & Claims and At-Risk Persons matters across the enterprise. This Legal team is responsible for providing wide-ranging legal and regulatory advice and support across a broad array of critical functions managed in the Bank's Consumer, Small Business, Commercial, Wealth Management, Private Bank and Operations business units. The legal landscape in the Fraud & Claims and At-Risk Persons areas is evolving quickly, with increased fraud, regulatory activity, legislative developments and industry changes all contributing to an interesting and challenging body of work.
The role will primarily be responsible for providing legal advice and counsel in connection with the Bank's At-Risk Persons (ARP) program, as well as working with other attorneys on the team supporting fraud and claim-related matters involving deposit/payments and credit-related products. The work generally includes: (i) legal support related to escalated claims, complaints and other pre-litigation dispute resolution involving ARP matters; (ii) legal support for escalated transaction dispute claims, fraud-related complaints and fraud-related pre-litigation dispute resolution involving deposit/payment and credit-related products; (iii) research and support related to state and federal requirements involving ARP, fraud/scams and transaction dispute claims; (iv) support related to fraud and ARP-related strategies, fraud detection and applicable marketing; (v) support on related regulator exams; (vi) working with industry groups on related matters; and (vii) providing general legal advice and support to these business units.
This job is primarily responsible for providing legal counsel on Consumer and Wealth Management related products, services, and regulatory matters, but may also become involved with other business lines including Commercial Banking and Small Business. 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 on products, services, and regulatory matters that could impact a Line of Business or function
Communicates clear, concise, actionable, and business-informed legal advice to internal partners
Researches and interprets rulings, laws, and regulations
Drafts, reviews, and/or negotiates complex legal documents, such as engagement letters, debt agreements, offering documents, regulatory filings, and legal opinions
Gathers, assesses, and evaluates information from various sources with an open mind to make a judgment or inference
Supports company responses to government agency examinations and investigations, enforcement actions, private complaints, and litigation
Provides support on policies and procedures
Provides support in connection with industry trade group efforts
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:
5-7 years prior experience working as an attorney in a law firm or in-house legal department.
Desired Qualifications:
Prefer candidate have worked as an attorney in an in-house legal department for a financial institution, ideally working with deposit/payments (debit card, ATM, ACH, Zelle, wire transfers, checks, etc.) and credit (credit card, mortgage, HELOC, auto loans, etc.) banking products/services, particularly focused on fraud and scam-related matters, elder/at-risk person exploitation, transaction dispute claims/complaints, pre-litigation dispute resolution, risk account closures, account takeover situations, identity theft and fraud strategies. Experience with EFTA/Regulation E, TILA/Regulation Z, UCC, Reg CC and state elder exploitation/abuse laws is preferred.
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.
