Consumer Banking Attorney

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Job Description:

The Consumer and Small Business Banking team of the Legal Department of Bank of America is looking for a highly motivated attorney to join their team. The successful candidate will possess extensive experience advising on consumer regulatory and legal matters. This role will require a collaborative leader capable of providing advice on the development, offering, and servicing of a variety of consumer products and services across multiple channels (e.g. financial center, digital).

This role will provide practical legal advice and counsel to senior leadership, line of business partners, and others on matters of significant importance and impact to the Consumer and Small Business Banking businesses, informed by deep subject matter expertise and significant industry experience 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.

• Advising on matters related to various consumer products and services (e.g., deposit accounts, credit cards, mortgages, loans, and collection activities)

• Supporting company responses to government agency examinations and investigations, enforcement actions, private complaints, and litigation

• Providing thought leadership and strategic advice on significant legal concerns

Key Responsibilities:

• Develops 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

• Analyzes complex legal issues and implications on matters of significant impact to the Consumer and Small Business Banking Lines of Business

• 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

• Gathers, assesses, and evaluates information from various sources with an open mind to make a reasoned judgment or inference

• Interprets rulings, laws, and regulations surrounding consumer financial products from a compliance and business control standpoint

• Provides thought leadership and strategic advice on significant legal concerns, informed by deep subject matter expertise and significant industry experience

• Coordinates the work of outside legal counsel on related projects and supervises the work of other Legal employees including attorneys, paralegals, and other staff to ensure prudent expense management and use of Legal resources.

Required Skills:

• Juris Doctor degree and licensed in good standing to practice law in at least one state in which Bank of America does business

• 12 or more years of relevant experience as an attorney in a law firm, government agency, or in-house environment

• Significant experience with state and federal consumer financial services laws and regulations (e.g., CFPA, ECOA, FCRA, UDAP, EFTA, TILA, FHA, HMDA, and CRA to name a few)

Desired Skills:

• Relevant experience working in a government regulatory or enforcement agency and able to leverage external perspective in providing legal advice

• Demonstrated excellent written and verbal communication and interpersonal skills; executive presence when dealing with senior-level business leaders

• Excellent issue spotting, risk assessment, 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

• Process oriented and able to identify and leverage best practices, and minimize lower value work

• Adaptive to new technologies and embraces change with attention to operational excellence

• Initiative and strong work ethic (self-starter); ability to work independently and with a team

• Client focused, emphasis on prompt delivery of quality services

• Flexibility and adaptability when faced with changing conditions or priorities in a fast-paced environmentk

Minimum Education Requirement: Juris Doctor

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - DC - Washington - 1800 K St NW - 1800 K Street NW (DC1842), US - NY - New York - 114 W 47TH ST (NY8114)

Pay and benefits information

Pay range

$207,000.00 - $302,300.00 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.

Learn more about this role