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 counsel on Fair Lending, the Community Reinvestment Act (CRA), and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) related legal issues of primarily consumer related products, services, and regulatory matters that could impact the Retail, Preferred, Merrill and Private Bank lines of business. Key responsibilities include reviewing legal documents, interpreting laws and regulations, performing legal research, and communicating legal advice to internal partners. Job expectations include collaborating with and 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 consumer banking and wealth management products, services, and regulatory mattersCommunicates clear, concise, actionable, and business-informed legal advice, including occasionally to leadershipInterprets rulings, laws, and regulations from a compliance and business control standpointDrafts, reviews, and/or negotiates complex legal documents, such as engagement letters, debt agreements, offering documents, and legal opinionsGathers, assesses, and evaluates information from various sources to make a judgment or inferenceSupports company responses to government agency examinations and investigations, enforcement actions, private complaints, and litigationWorks 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

Skills:

AdvisoryInfluenceInterpret Relevant Laws, Rules, and RegulationsPolicies, Procedures, and GuidelinesRisk ManagementCritical ThinkingDecision MakingIssue ManagementLegal Drafting and WritingRegulatory ComplianceAttention to DetailCollaborationExecutive PresenceLegal Structures and Legal FormsProblem Solving

Required Qualifications:

Juris Doctorate degreeActive bar license in at least 1 U.S. stateExceptional written and verbal communication skills.Demonstrated capacity for managing competing priorities, effective time management, thoroughness, and initiative.Proficient in Microsoft suite and other related software

Desired Qualifications:

7+ years of prior experience related to Fair Lending, the Community Reinvestment Act, and Unfair, Deceptive, or Abusive Acts or Practices7+ years of prior experience with the government, trade association, law firm, or a financial institution

Minimum Education Requirement: Doctorate degree in related field

Shift:

1st shift (United States of America)

Hours Per Week: 

40