Attorney – Consumer Banking & Wealth Mgmt

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Job Description:

This job is responsible for providing legal support and strategic advice to the Global Wealth & Investment Management line of business on high net worth lending products, services, and regulatory matters including securities based loans, unsecured loans, and custom loans involving various collateral types and cross border transactions. 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 related to high net worth lending products and services

• Provides legal support in structuring, negotiating, and documenting various types of loans

• Assists with loan workouts and distressed loan scenarios, as well as internal and external audit examinations

• Communicates clear, concise, actionable, and business-informed legal advice, including occasionally to leadership

• Interprets rules, laws, and regulations from a compliance and business control standpoint; ensures that proposed transactions are in compliance with applicable policies, laws, and regulations

• Drafts, reviews, and/or negotiates complex legal documents 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

• Works 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 that support the Global Wealth & Investment Management lending business

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:

• A Juris Doctorate degree and at least one state bar admission (active/good standing)

• Minimum of 8 years of relevant experience, preferably within a law firm setting or as in-house counsel at a banking/financial institution

• Strong understanding of loan, pledge and security documentation, applicable consumer and bank regulations, applicable securities regulations, and applicable issues associated with lending to clients of an affiliated broker-dealer

• Strong communication and drafting skills and proven experience and confidence in risk identification, analysis and resolution

• Strong risk management skills with a commercial and pragmatic approach to resolving issues

• Strong work ethic and a proven ability to multitask and perform within a fast-paced environment with minimal supervision

• Proficient in Microsoft suite and other related software

Minimum Education Requirement: Doctorate degree in related field

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - CA - Los Angeles - 333 S HOPE ST - BANK OF AMERICA PLAZA (CA9193), US - NJ - Pennington - 1500 American Blvd - Hopewell Bldg 5 (NJ2150), US - NY - New York - 114 W 47TH ST (NY8114), US - RI - Providence - 1 Financial Plaza (RI1537)

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.

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