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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
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Job Description:
This job is responsible for providing legal counsel on products, services, and regulatory matters related to the Global Banking and Leasing businesses. Key responsibilities include reviewing legal documents, interpreting laws and regulations, performing legal research, and communicating legal advice to internal partners. Job expectations include directing the work of outside counsel on related matters and coordinating the work of Paralegals or other Legal staff.
Responsibilities:
- Analyzes legal issues and implications on products, services, and regulatory matters related to the Global Banking and Leasing businesses
- Communicates clear, concise, actionable, and business-informed legal advice, including occasionally to leadership
- Interprets rulings, laws, and regulations from a compliance and business control standpoint
- Drafts, reviews, and/or negotiates complex legal documents, such as engagement letters, debt agreements, offering documents, and legal opinions
- Gathers, assesses, and evaluates information from various sources with an open mind to make a judgment or inference
- Supports company responses to government agency examinations and investigations, enforcement actions, private complaints, and litigation
- Directs the work of outside legal counsel and may coordinate the work of other Legal staff such as Paralegals and trains, mentors, or supports the development of peers
Skills:
- Advisory
- Influence
- Interpret Relevant Laws, Rules, and Regulations
- Policies, Procedures, and Guidelines
- Risk Management
- Critical Thinking
- Decision Making
- Issue Management
- Legal Drafting and Writing
- Regulatory Compliance
- Attention to Detail
- Collaboration
- Executive Presence
- Legal Structures and Legal Forms
- Problem Solving
Required Qualifications:
- 5+ years' experience structuring, drafting, and negotiating equipment leasing and secured lending transactions including general equipment, manufacturing, construction and healthcare/medical equipment, and related portfolio, asset management and syndications transactions. Familiarity with confidentiality agreements, commitment letters, term sheets, loan and lease agreements, guarantees, subordination (debt and lien) agreements and other ancillary documents required.
- Strong academic credentials.
- JD or equivalent with Bar Admission in good standing.
- Team-player, with the ability to work independently in a fast paced, dynamic business environment.
- Excellent written and oral communication skills.
- Able to balance risk and reward in a manner consistent with BofA's risk framework.
- Strong work ethic and attention to detail.
- Responsive and service-oriented attitude.
- Able to organize, prioritize, and manage deadlines for multiple assignments.
- Sound and practical business judgment.
- Able to interpret relevant laws, rules, and regulations and communicate actionable legal advice.
- Critical thinker and problem solver.
- Executive Presence with the ability to influence and advise business and Legal colleagues.
Desired Qualifications:
- Prior in-house experience (as an employee and/or secondee) at a bank, leasing company or other financial institution a strong plus.
- Prior vendor finance and/or inventory finance experience a strong plus.
Minimum Education Requirement: Doctorate degree in related field
Shift:
1st shift (United States of America)
Hours Per Week:
40
Pay Transparency details
US - IL - Chicago - 110 N Wacker Dr - Bank Of America Tower Chicago (IL4110), US - NY - New York - 114 W 47TH ST (NY8114)
Pay and benefits information
Pay range
$175,000.00 - $259,500.00 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.