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 role offers an exciting opportunity to come join the Legal team supporting Fraud & Claims and At-Risk Persons matters across the enterprise. This Legal team is responsible for providing wide-ranging legal and regulatory advice and support across a broad array of critical functions managed in the Bank's Consumer, Small Business, Commercial, Wealth Management, Private Bank and Operations business units. The legal landscape in the Fraud & Claims and At-Risk Persons areas is evolving quickly, with increased fraud, regulatory activity, legislative developments and industry changes all contributing to an interesting and challenging body of work.
This role is primarily responsible for providing legal support on fraud and claim-related matters involving Deposit and Payments-related banking products and services. This includes: (i) support for escalated transaction dispute claims, fraud-related complaints and fraud-related pre-litigation dispute resolution involving deposit/payments products, including Debit, ATM, ACH, Zelle and Wires, and related processes such as risk account closures and account takeover situations; (ii) support related to Deposit fraud strategies, fraud detection and fraud-related marketing; (iii) support on related regulator exams; (iv) research and support related to state and federal requirements; (v) working with industry groups on related matters; and (vii) providing general legal support to these business units. Depending on workload, the role may also offer opportunities to engage on fraud and claim-related matters related to other product areas, including checks and credit products, as well as Identity Theft claims and matters related to the Bank's At-Risk Persons program.
The job is responsible for providing strategic and sophisticated legal guidance while working under the supervision of an attorney. This job requires strong decision-making and sound judgment. Key responsibilities include drafting legal guidance and court filings or agreements in collaboration with internal and external counsels and conducting research and analyzing data. Also includes providing support on escalated client disputes, including investigative research, drafting communications, settlement agreements and advising on recommendation actions.
Responsibilities:
- Evaluates laws, rules and regulations and provides concise written analysis to attorneys
- Researches relevant facts and case law to inform legal support for internal projects
- Offers practical and succinct legal guidance to clients under attorney supervision
- Collaborates with outside counsel to prepare motions, declarations, and other court filings
- Works with business and control partners on audit and other control issues
- Drafts client communications, settlement agreements and other legal documents
- Provides support on policies and procedures
- Provides support in connection with regulator and legislative inquiries
- Provides support in connection with industry trade group efforts
Skills:
- Analytical Thinking
- Critical Thinking
- Policies, Procedures, and Guidelines
- Prioritization
- Regulatory Compliance
- Advisory
- Issue Management
- Oral Communications
- Research
- Strategic Thinking
- Attention to Detail
- Collaboration
- Interpret Relevant Laws, Rules, and Regulations
- Legal Drafting and Writing
- Problem Solving
Required Qualifications:
- 5-7 years prior experience in a paralegal or like-type role working for a law firm or in-house legal department
Desired Qualifications:
Prefer candidate have worked as a paralegal in an in-house legal department for a financial institution, ideally working with deposit and payments-related banking products/services (debit card, ATM, ACH, Zelle, wire transfers, etc.), particularly focused on fraud-related matters, transaction dispute claims/complaints, pre-litigation dispute resolution, risk account closures, account takeover situations, fraud strategies, elder exploitation and EFTA/Regulation E.
Minimum Education Requirement: High School Diploma / GED / Secondary School or equivalent
Shift:
1st shift (United States of America)
Hours Per Week:
40