Attorney - Equity Derivatives
New York, New York
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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:
Responsible for the analysis of complex legal issues and implications on matters of significant impact to the GM's Equity Derivatives businesses, including OTC derivatives, swaps, structured products, actively managed strategies and cross-asset proprietary indices. Provides advice on new and existing products or services related to these equity derivative businesses. Coordinates the work of outside legal counsel on related projects and legal issues. Collaborate with Legal Department colleagues and clients in the U.S., EMEA and APAC regions on a variety of aspects of the Equity Derivatives businesses, including governance, negotiations, and regulatory issues.
Responsibilities:
Analyzes legal issues and implications on products, services, and regulatory matters related to the Global Banking and Global Markets businesses
Communicates clear, concise, actionable, and business-informed legal advice, including occasionally to leadership
Interprets rulings, laws, and regulations from a compliance and business control standpoint
Drafts, reviews, and/or negotiates complex legal documents, such as engagement letters, debt agreements, offering documents, 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
Directs the work of outside legal counsel and may coordinate the work of other Legal staff such as Paralegals and trains, mentors, or supports the development of peers
Required Qualifications:
JD
Admission to NY Bar, or ability to obtain admission
4+ years experience at a law firm and/or in house at a financial company
Desired Qualifications:
Experience with equity derivatives, structured products (including structured notes, warrants and CDs), proprietary indices, capital markets transactions and related legal and regulatory issues
Experience and knowledge of securities and OTC derivatives laws/rules (including 1933 Act, 1934 Act, Investment Company Act and Investment Advisers Act, Dodd-Frank, Volcker) and FINRA rules as applicable to the equity derivatives businesses
Experience and knowledge of IOSCO Principles for Benchmarks and insurance laws a strong plus
Familiarity with the US bank regulatory structure (Bank Holding Company Act, National Bank Act and the respective regulators) a strong plus.
Experience negotiating agreements relating to the equity derivatives businesses, including, but not limited to distribution agreements, confirmations, license agreements, hedging agreements, marketing agreements and platform agreements
Ability to communicate clearly and concisely
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
Legal Structures and Legal Forms
Problem Solving
Negotiation
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.
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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.
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.