Deposits Attorney_

Charlotte

Deposits Attorney

Charlotte, North Carolina;Boston, Massachusetts; Wilmington, Delaware; New York, New York; Hialeah, Florida; Los Angeles, California; Pennington, New Jersey; Chicago, Illinois

**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. We’re 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 Deposit Products and Payment group within 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. This team provides general legal counsel to the Consumer Banking Businesses on a wide range of matters related to the development, enhancement, and maintenance of consumer deposits and payments products and services.

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

**Skills:**

• 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

**Minimum Education Requirement: Juris Doctor**

**Shift:**

1st shift (United States of America)

**Hours Per Week:**

40

Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity and affirmative action, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.

To view the "EEO is the Law" poster, CLICK HERE (ol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (ol.gov/ofccp/regs/compliance/posters/pdf/OFCCP\_EEO\_Supplement\_Final\_JRF\_QA\_508c.pdf) .

Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy (“Policy”) establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .