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.
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Job Description:
Responsible for the analysis of complex legal issues and implications on matters of significant impact to the GM's Equity Finance businesses, including Prime Finance, Securities Lending, Clearing and Settlement, and OTC derivatives. Provides advice on broker-dealer regulations, new and existing products or services related to these businesses. Coordinates the work of outside legal counsel on related projects. Collaborate with Legal Department colleagues and clients in the U.S., EMEA and APR regions on a variety of aspects of the Equity Finance businesses, including governance, negotiations, and regulatory issues.
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
- Admission to NY Bar, or ability to obtain admission
- 4+ years experience at a law firm and/or in house at a financial company
- Experience with broker dealer regulations, Prime Finance, ISDA-based OTC equity derivatives, Securities lending and related legal and regulatory issues
- Experience and knowledge of securities and OTC derivatives laws/rules (including 1933 Act, 1934 Act, Investment Company Act, Investment Advisers Act and Dodd-Frank), FINRA rules,
Desired Qualifications:
- Familiarity with the US bank regulatory structure (Bank Holding Company Act, National Bank Act and the respective regulators)
- Ability to communicate clearly and concisely
- Experience negotiating agreements relating to the equity finance businesses
Minimum Education Requirement: Juris Doctor
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - NY - New York - 114 W 47TH ST (NY8114)
Pay and benefits information
Pay range
$204,700.00 - $270,000.00 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.