Attorney - Fair Lending & CRA

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.

At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!

Job Description:
This job is responsible for providing legal counsel and advice on Fair Lending, the Community Reinvestment Act (CRA), and Unfair, Deceptive, or Abusive Acts or Practices (UDAAP) related legal issues of primarily consumer related products, services, and regulatory matters that could impact the Retail, Preferred, Merrill and Private Bank lines of business. Key responsibilities include reviewing legal documents, interpreting laws and regulations, performing legal research, and communicating legal advice to internal partners. Job expectations include collaborating with and 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 that could impact a Line of Business or function
• Communicates clear, concise, actionable, and business-informed legal advice to internal partners
• Researches and interprets rulings, laws, and regulations
• Drafts, reviews, and/or negotiates complex legal documents, such as engagement letters, debt agreements, offering documents, regulatory filings, 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
• Collaborates with and directs the work of outside legal counsel, and may coordinate the work of other Legal staff such as Paralegals
• Interprets rulings, laws, and regulations from a compliance and business control standpoint
• Works closely with various internal clients and partners, including product management, underwriters, document preparation groups, client facing personnel, risk management, compliance, regulatory and audit partners, and other functions

• 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

• Juris Doctorate degree
• Active bar license in at least 1 U.S. state
• Exceptional written and verbal communication skills.
• Demonstrated capacity for managing competing priorities, effective time management, thoroughness, and initiative.
• Proficient in Microsoft suite and other related software

• Prior experience related to Fair Lending, the Community Reinvestment Act, and Unfair, Deceptive, or Abusive Acts or Practices
• Prior experience with the government, trade association, law firm, or a financial institution