Description

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 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 area 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 fraud and claim-related matters involving commercial and wealth management banking products and services, with a focus on deposit products and payments services. The work generally includes: (i) legal support for escalated transaction dispute claims, fraud-related complaints and fraud-related pre-litigation dispute resolution; (ii) research and support related to state and federal requirements involving fraud/scams and transaction dispute claims; (iii) support related to fraud-related strategies, fraud detection and applicable marketing; (iv) support on related regulator exams; (v) working with industry groups on related matters; and (vi) providing general legal advice and support to these business units. Depending on workload, the role may also offer opportunities to engage on fraud and claim-related matters related to other product areas, including checks and credit products, as well as identity theft claims and elder/at-risk persons exploitation matters.

This job is primarily responsible for providing legal counsel on Commercial and Wealth Management related products, services, and regulatory matters, but may also become involved with other business lines including Consumer 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 commercial, small business, consumer banking and wealth management products, services, and regulatory matters
• 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, settlement agreements 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
• 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 commercial, small business and wealth management deposit/payment (e.g. ACH, wire transfers, etc) banking products/services, particularly focused on fraud and scam-related matters, transaction dispute claims/complaints, pre-litigation dispute resolution, risk account closures and fraud strategies. Experience with the UCC and EFTA/Regulation E in these contexts is strongly preferred. Experience working with credit products/services, identity theft issues and TILA/Regulation Z is also a plus.

Minimum Education Requirement: Doctorate degree in related field

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - MA - Boston - 100 Federal St - 100 Federal St Lp (MA5100)

Pay and benefits information

Pay range

$159,100.00 - $239,800.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.