Consumer Banking Attorney

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. Were 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 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

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