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Bank of America
Bank of America
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Bank of America is a global financial institution operating across banking, finance, and fintech. Its services include personal banking, small-business support, wealth management, investment services, and access to capital markets for individuals, businesses, and institutions. The company also focuses on responsible growth through sustainable finance, diversity initiatives, and community development programs.
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Private Bank and Merrill Legal Counsel

Advise Bank of America’s Private Bank, Merrill, and Consumer Investments businesses on fiduciary, account, regulatory, and pre-litigation matters. Draft and negotiate legal documents while helping manage legal risks across wealth management operations.

USUnited StatesFLFloridaILIllinoisMAMassachusettsNYNew YorkNCNorth CarolinaTXTexas
$157,500 – $239,800 / year
On-siteFull-timeMiddleSeniorEnglish RequiredGeneral Counsel

Description

  • Support the Private Bank, Merrill, and Consumer Investments businesses with legal matters.
  • Advise on account opening and servicing, pre-litigation complaints, account-holder disputes, at-risk person investigations, trust changes, estate settlements, and related issues.
  • Provide practical legal guidance to business partners and, at times, leadership.
  • Contribute legal support to strategic initiatives and projects.
  • Identify and address legal risks.
  • Help ensure compliance with applicable laws, regulations, and company policies.
  • Analyze legal issues involving consumer banking and wealth management products, services, and regulation.
  • Interpret rulings, laws, and regulations from compliance and business-control perspectives.
  • Draft, review, and negotiate complex documents, including engagement letters, debt agreements, offering documents, and legal opinions.
  • Gather and assess information to support judgments and inferences.
  • Help respond to government examinations and investigations, enforcement actions, private complaints, and litigation.
  • Review and interpret wills, trust agreements, powers of attorney, and legal entity documents under state law.
  • Advise on investment products in Private Bank fiduciary and Merrill brokerage accounts.
  • Resolve complaint and pre-litigation disputes in coordination with regulatory, litigation, and internal investigation legal teams.
  • Manage projects to improve legal and business processes while keeping focus on core legal work.

Requirements

  • Hold an active law license in good standing in at least one state where Bank of America operates.
  • Have at least five years of relevant attorney experience in a law firm, government agency, or in-house setting.
  • Demonstrate strong written and verbal communication and interpersonal skills.
  • Show executive presence when working with senior business leaders.
  • Be comfortable advising on and debating issues with senior business, compliance, and risk colleagues.
  • Bring strong issue-spotting, risk-assessment, research, analytical, and problem-solving skills.
  • Recognize key issues and escalate them to management and business leaders.
  • Prioritize and manage a high volume of matters.
  • Adapt to a fast-paced environment with shifting conditions and priorities.
  • Work effectively with lawyers, business partners, and compliance and risk professionals.
  • Show initiative and a strong work ethic, and work independently.
  • Hold a doctorate degree in a related field, the stated minimum education requirement.
  • Be qualified to advise on trusts, estates, charitable foundations, and related fiduciary issues.
  • Experience with broker-dealer laws (SEC and FINRA), state laws concerning powers of attorney, trusts and estates, and litigation or regulatory matters is preferred.
  • Six to ten years of relevant attorney experience is preferred.
  • International legal experience is a plus.
  • Ability to use artificial intelligence responsibly to improve legal work is preferred.

Benefits

  • In-office culture with flexibility tailored to role responsibilities and business needs.
  • Opportunities to learn, grow, and make an impact.
  • Support for teammates’ physical, emotional, and financial wellness.
  • Industry-leading benefits.
  • Paid time off.
  • Resources and support to make an impact.
  • Eligibility for an annual discretionary plan.
  • Annual discretionary award based on individual, business line or group, and company performance.

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