CFO Tax Counsel

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Job Description:
Responsible for complex tax planning, forecasting, and/or advisory responsibilities. Activities include complying with complex tax reporting requirements of various governmental jurisdictions in a manner that minimizes tax liabilities; researching tax issues, developing effective tax minimization strategies; and providing business unit support to business partners on more complex issues. May manage highly complex business partner relationships and will have depth of expertise for relevant area.

The Tax Counsel is responsible for rendering tax advice to Bank of America businesses and managing the tax risk associated with new and existing products, transactions and offerings. The role requires the ability to research, analyze, interpret and explain complex tax rules to numerous tax and non-tax technical stakeholders.

The Tax Counsel will:

• Review new products and services to evaluate the potential impacts to the Company's tax and accounting positions in all relevant jurisdictions, including considering the tax impact and suitability requirements for potential clients and determining the information reporting and withholding tax consequences.

• Review and evaluate the impact of any new or proposed tax laws, regulations, administrative guidance or other authorities that affect existing products and services and communicate the impact to stakeholders. Work closely with the relevant affected business to implement changes to approvals or draft guidelines necessary to comply with such new tax laws or regulations.

• Draft legal memoranda or other documentation/summaries/presentations, as appropriate, setting forth the tax technical analysis and rationale for tax positions.

• Review and negotiate tax provisions in client-facing agreements and contracts, such as ISDAs, credit agreements, repurchase agreements and securities lending agreements.

• Work closely with and support colleagues in the Global Tax Function, including colleagues in Enterprise Tax Planning, Accounting for Income Tax, Tax Compliance and International Tax to ensure the impact of business activities, initiatives and/or investments are properly accounting for and all tax attributes are properly reflected.

• Collaborate with and build relationships with colleagues in the Businesses and across other Support Functions (e.g., Legal, Accounting Policy, and Treasury) to develop a deep understanding of our products and services and mitigate tax risk.

• Manage external tax counsel on advisory engagements, including defining the scope of the work and independently evaluating the advice rendered.

• Participate in industry organizations, working groups and other tax advocacy efforts on behalf of Bank of America.

Skills and Qualifications:

• Minimum 5 years of Legal experience in a law firm, accounting firm, financial institution, other financial services firm or multi-national corporation

• Excellent written and oral communication skills, including presentation skills

• Ability to thrive in a fast-paced environment and deliver work product in abbreviated timeframes

• Good organizational and prioritization skills

• Analytical Thinking

• Policies, Procedures, and Guidelines Management

• Tax Administration

• Continuous Improvement

• Problem Solving

• Process Performance Management

• Relationship Building

• Stakeholder Management

• Attention to Detail

• Financial Analysis

• Project Management

• Reporting

Desired Skills:

• LL.M. in Taxation or Masters in Taxation preferred

Minimum Education Requirement: Juris Doctorate Degree

Shift:
1st shift (United States of America)

Hours Per Week:
40

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