Paralegal – Fraud & Claims and At-Risk Persons

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 and At-Risk Persons 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 and At-Risk Persons areas 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 support in connection with the Bank’s At-Risk Persons (ARP) program, as well as working with others on the team supporting fraud and claim-related matters involving deposit/payments and credit-related products. The work generally includes: (i) legal support related to escalated claims, complaints and other pre-litigation dispute resolution involving ARP matters; (ii) legal support for escalated transaction dispute claims, fraud-related complaints and fraud-related pre-litigation dispute resolution involving deposit/payment and credit-related products; (iii) research and support related to state and federal requirements involving ARP, fraud/scams and transaction dispute claims; (iv) support related to fraud and ARP-related strategies, fraud detection and applicable marketing; (v) support on related regulator exams; (vi) working with industry groups on related matters; and (vii) providing general legal support to these business units.

This role supports attorneys in executing legal transactions and is responsible for securing, preparing, drafting, and processing legal documents. This includes research, and the review and interpretation of legal documents for validity, content, accuracy, and compliance with procedures. Associate must have knowledge of legal documentation and procedures for examining, preparing, and processing legal documents. Also includes providing support on escalated client disputes, including investigative research, drafting communications, settlement agreements and advising on recommended actions.

Responsibilities:

• Evaluates laws, rules and regulations and provides concise written analysis to attorneys
• Researches relevant facts and case law to inform legal support for internal projects
• Offers practical and succinct legal guidance to clients under attorney supervision
• Collaborates with outside counsel to prepare motions, declarations, and other court filings or agreements
• Works with business and control partners on audit and other control issues
• Drafts client communications, settlement agreements and other legal documents
• Provides support on policies and procedures
• Provides support in connection with regulator and legislative inquiries and exams
• Provides support in connection with industry trade group efforts

Skills:

• Attention to Detail
• Interpret Relevant Laws, Rules, and Regulations
• Issue Management
• Legal Drafting and Writing
• Problem Solving
• Advisory
• Collaboration
• Policies, Procedures, and Guidelines
• Regulatory Compliance
• Strategic Thinking
• Analytical Thinking
• Critical Thinking
• Oral Communications
• Prioritization
• Research

Required Qualifications:

• 5 years prior experience in a paralegal or like-type role working for a law firm or in-house legal department.

Desired Qualifications:

Prefer candidate have worked as a paralegal in an in-house legal department for a financial institution, ideally working with deposit/payments (debit card, ATM, ACH, Zelle, wire transfers, checks, etc.) and credit (credit card, mortgage, HELOC, auto loans, etc.) banking products/services, particularly focused on fraud and scam-related matters, elder/at-risk person exploitation, transaction dispute claims/complaints, pre-litigation dispute resolution, risk account closures, account takeover situations, identity theft and fraud strategies. Experience with EFTA/Regulation E, TILA/Regulation Z, UCC, Reg CC and state elder exploitation/abuse laws is preferred.

Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent

Shift:

Hours Per Week: