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Attorney - Consumer Banking
Charlotte, North Carolina;
Washington, District of Columbia
Additional locations
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Job Description:
JOB DESCRIPTION:
Candidate will join the Fair and Responsible Banking legal team, providing legal support on fair lending & banking/anti-discrimination, UDAAP, and/or Community Reinvestment Act (CRA) requirements across the enterprise. Provide ongoing practical legal advice, counsel, and advocacy in the team’s coverage areas, including: interpreting current and proposed laws and regulations as applicable to all aspects of the product lifecycle, customer treatment, models and data use, channel strategy, and marketing; identification and appropriate mitigation of risk, including supervision and evaluation, under attorney-client privilege, of testing and monitoring and internal reviews; and supporting company responses to government agency examinations and investigations, enforcement actions, private complaints, and litigation.
REQUIRED SKILLS AND EXPERIENCE:
- Juris Doctor degree and licensed in good standing to practice law in at least one state in which Bank of America does business
- 10 or more years of relevant experience as an attorney in a law firm, government agency, or in-house environment
- Significant experience with anti-discrimination and consumer protection laws and regulations, including relevant federal/state/local fair lending & banking laws (e.g., Equal Credit Opportunity Act, Fair Housing Act, Home Mortgage Disclosure Act, and/or Community Reinvestment Act) and/or UDAAP/UDAP laws
DESIRED SKILLS AND EXPERIENCE:
- Relevant experience working in a government regulatory or enforcement agency
- Demonstrated excellent written and verbal communication and interpersonal skills; executive presence when dealing with high-level business leaders
- Excellent issue spotting, risk assessment, research, and problem-solving/analytical skills; ability to quickly identify key issues, separate the noise, and provide practical advice and solutions
- Ability to work closely with other lawyers, compliance and risk professionals, etc., in a collegial and cooperative manner
- Excellent organizational/project management skills and attention to detail
- Initiative and strong work ethic (self-starter); ability to work independently
- Client focused, emphasis on prompt delivery of quality services
- Flexibility and adaptability when faced with changing conditions or priorities in a fast-paced environment
- Experience with any/all of the following:
- Federal administrative rulemaking processes and interpreting new regulatory requirements
- Administrative fair housing complaints filed with HUD and/or substantially equivalent agencies
- Statistical analysis and/or algorithmic models, particularly in the fair lending/anti-bias context
- Managing the work of investigators, paralegals, and/or other professionals
- Banking regulator supervisory examinations
- Supporting targeted reviews of business practices to identify and mitigate potential fair lending/banking and/or UDAAP risk
Job Band:
H4
Shift:
1st shift (United States of America)
Hours Per Week:
40
Weekly Schedule:
Referral Bonus Amount:
0
Job Description:
JOB DESCRIPTION:
Candidate will join the Fair and Responsible Banking legal team, providing legal support on fair lending & banking/anti-discrimination, UDAAP, and/or Community Reinvestment Act (CRA) requirements across the enterprise. Provide ongoing practical legal advice, counsel, and advocacy in the team’s coverage areas, including: interpreting current and proposed laws and regulations as applicable to all aspects of the product lifecycle, customer treatment, models and data use, channel strategy, and marketing; identification and appropriate mitigation of risk, including supervision and evaluation, under attorney-client privilege, of testing and monitoring and internal reviews; and supporting company responses to government agency examinations and investigations, enforcement actions, private complaints, and litigation.
REQUIRED SKILLS AND EXPERIENCE:
- Juris Doctor degree and licensed in good standing to practice law in at least one state in which Bank of America does business
- 10 or more years of relevant experience as an attorney in a law firm, government agency, or in-house environment
- Significant experience with anti-discrimination and consumer protection laws and regulations, including relevant federal/state/local fair lending & banking laws (e.g., Equal Credit Opportunity Act, Fair Housing Act, Home Mortgage Disclosure Act, and/or Community Reinvestment Act) and/or UDAAP/UDAP laws
DESIRED SKILLS AND EXPERIENCE:
- Relevant experience working in a government regulatory or enforcement agency
- Demonstrated excellent written and verbal communication and interpersonal skills; executive presence when dealing with high-level business leaders
- Excellent issue spotting, risk assessment, research, and problem-solving/analytical skills; ability to quickly identify key issues, separate the noise, and provide practical advice and solutions
- Ability to work closely with other lawyers, compliance and risk professionals, etc., in a collegial and cooperative manner
- Excellent organizational/project management skills and attention to detail
- Initiative and strong work ethic (self-starter); ability to work independently
- Client focused, emphasis on prompt delivery of quality services
- Flexibility and adaptability when faced with changing conditions or priorities in a fast-paced environment
- Experience with any/all of the following:
- Federal administrative rulemaking processes and interpreting new regulatory requirements
- Administrative fair housing complaints filed with HUD and/or substantially equivalent agencies
- Statistical analysis and/or algorithmic models, particularly in the fair lending/anti-bias context
- Managing the work of investigators, paralegals, and/or other professionals
- Banking regulator supervisory examinations
- Supporting targeted reviews of business practices to identify and mitigate potential fair lending/banking and/or UDAAP risk
Shift:
1st shift (United States of America)
Hours Per Week:
40
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