Attorney – Consumer Banking

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.
 
One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.
 
Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.
 
Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference.

Join us!

Job Description:

The Consumer Sales & Service team, part of the Consumer & Small Business Banking team, seeks an experienced and talented attorney to join its team.  The successful candidate will provide general legal counsel for the Consumer banking business, and in particular the sale of banking and investing products and services primarily from the branch channel.  In addition, the candidate will offer enterprise-wide guidance on the Retail Sale of Non-deposit Investment Products (RSNIP).  This role will also spearhead legal support for Bank of America’s Preferred Rewards Program.  This role reviews legal contracts and documents, and either directly or through staff, conducts legal research. May represent the bank in legal action.


Responsibilities:

• Provide primary legal support for Financial Center sales of banking and investing products/services.  This includes legal evaluation of customer communications, FC marketing/advertising, and related policies and procedures. 
• Support regulatory matters, including exams and matters requiring attention, arising from the sales of banking/investing products. 
• Offer legal guidance related to the Retail Sale of Nondeposit Investment Products, including providing multi-channel support, participating in the marketing governance process, and serving on internal bank committee. 
• Lead legal support for Bank of America’s Preferred Rewards program, including advising on legal requirements for the program structure, development of program terms and disclosures, and opining on broad variety of offers.
• Advise on offering of bank services to employees of corporate clients, including evaluation of marketing materials and development of associate training/policies and procedures.
• Partner with senior leaders, control partners and other legal team on major projects as needed.
• Assessing proposed regulations and collaborating with trade associations as appropriate.
• Developing a deep understanding of the Consumer and Small Business Banking Lines of Business, building strong collaborative relationships with business, Risk, Compliance, and other control partners
• Advises and assists in the identification, escalation, and resolution of potential legal disputes or concerns presenting economic harm and/or legal, compliance, operational, strategic, reputational and or other key risk
• Communicates concise, actionable, and business-informed legal advice in oral and written presentation
• Manages large docket of various matters, effectively utilizing strong project and time management skill and employing sound business judgment on a day-to-day basis with limited supervision
• Drives strategy and participates in negotiations to resolve financial and reputational risk presented by active matters, new technology, and anticipated regulatory changes

Skills:

• Interpret Relevant Laws, Rules, and Regulations
• Advisory
• Legal Drafting and Writing
• Critical Thinking
• Policies, Procedures, and Guidelines
• Problem Solving
• Regulatory Compliance
• Issue Management
• Decision Making
• Influence
• Legal Structures and Legal Forms
• Attention to Detail
• Stakeholder Management
• Collaboration
• Legal analysis
• Ability to multi-task and prioritize competing assignments
• Clear and concise writing, and proficiency simply conveying complex legal subjects
• Willingness to take on new projects and assignments as they arise

Required Skills:

• JD degree
• 5+ years’ experience in financial services (in-house or law firm)
• Proficiency with laws and regulations related to sales of banking/investing products and services (e.g. Reg. DD, Z, RSNIP, Reg E, Reg W, Reg R, TCPA/telemarketing, Anti-tying, FINRA rules, and FDIC signage rules)

Desired Skills:

• 10-15 years’ experience in financial services (in-house or law firm) s

Minimum Education Requirement: Juris Doctor

Shift:

Hours Per Week: