Bank Of America Deposits Attorney 

United States, North Carolina, Charlotte 

724662849

Job Description:

The position will support issues related to:

• Checking, savings, CD, debit card, and remittance transfer products
• Overdraft Services
• Marketing of deposit, digital, and payment products and services
• Digital account opening and servicing; digital delivery of product disclosures
• Analysis of issues raised by a variety of laws and regulations impacting consumer deposits, payments and small dollar loan products including E-Sign, Reg B, Reg D, Reg E, Reg CC, Reg DD, Reg II, Reg P, Reg Z, FCRA, and UDAAP

Responsibilities:

• Developing 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
• 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
• Interacting closely with business, risk, compliance and audit partners on new product development, enhancing and maintaining existing products and services, and collaborating on and providing legal guidance related to emerging issues and regulatory matters
• 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
• Drafting, reviewing and negotiating agreements, legal contracts and other documents.
• Drafting consumer disclosures and user agreements.
• Reviewing marketing and customer communications
• Supporting responses to regulatory exams and inquiries related to consumer deposits and payments products
• Monitoring legislative developments in collaboration with trade associations and the Bank’s public policy team and providing guidance and commentary on new and proposed legislation.
• Collaborating with legal partners supporting consumer products, customer channels, credit/underwriting, and privacy as needed
• Monitoring legal and regulatory developments impacting consumer deposits products and services, including via legal research either directly or through staff
• Participating in governance routines and forums
• Reviewing policies, procedures, processes and training materials for customer-facing associates.
• May represent the bank in legal actions

• Interpret Relevant Laws, Rules, and Regulations
• Advisory
• Legal Drafting and Writing
• Critical Thinking
• Policies, Procedures, and Guidelines
• Problem Solving
• Regulatory Compliance
• Issue Management
• Decision Making
• Influence
• Legal Structures and Legal Forms
• Attention to Detail
• Stakeholder Management
• Collaboration

Required Qualifications:

• JD from an accredited law school and strong academic credentials
• Active state bar license
• A minimum of 5 years of experience with a national financial company or within a law firm performing similar functions with experience in dealing with consumer financial services and knowledge of the consumer payment ecosystem
• Familiarity with many of the laws governing consumer products (Reg DD, Reg E, Reg D, Reg CC, UDAAP, Reg P, FCRA, TCPA, Reg Z, and Reg B)
• Demonstrated excellent written and verbal communication and interpersonal skills
• 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
• Must be capable of handling multiple competing priorities amidst pressing deadlines; and adaptable when faced with changing conditions or priorities in a fast-paced environment
• Ability to work closely with other lawyers, compliance and risk professionals, etc., in a collegial and cooperative manner

Desired Qualifications:

• 10 years of experience with a national financial company or within a law firm performing similar functions with experience in dealing with consumer financial services and knowledge of the consumer payment ecosystem
• Familiarity with all laws governing consumer products (Reg DD, Reg E, Reg D, Reg CC, UDAAP, Reg P, FCRA, TCPA, Reg Z, and Reg B)
• 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

1st shift (United States of America)