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 and providing a culture of caring is core to how we drive Responsible Growth. We are intentional about fostering an inclusive workplace where every teammate has the opportunity to succeed, build a career and contribute to our shared success. This includes attracting and developing exceptional talent, recognizing and rewarding performance, and supporting our teammates’ physical, emotional, and financial wellness through affordable, competitive and flexible benefits. We value the unique perspectives individuals bring from all backgrounds and career paths - whether shaped by military service, community college education, or a wide range of work and life experiences. These journeys foster resilience, leadership and innovation, strengthening our workforce and positively impact the communities we serve. Bank of America is committed to an in-office culture that supports collaboration, engagement, and career development. Our approach includes clear in-office expectations, while providing an appropriate level of flexibility based on role-specific responsibilities and business needs. 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 on executive compensation, employee benefits, and related compensation, employment, and benefits matters across the enterprise, including advice on products, services, and legal matters impacting the company. Key responsibilities include reviewing and drafting legal contracts and documents, conducting legal research, and providing guidance to business partners on legal and regulatory requirements while identifying and mitigating legal risk. Job expectations include representing the company in legal actions, as appropriate, and typically requires a minimum of six years of experience practicing law following admission to the Bar.
Responsibilities:
- Analyzes legal issues and implications on matters related to corporate functions
- Communicates clear, concise, actionable, and business-informed legal advice, including occasionally to leadership
- Interprets rulings, laws, and regulations
- Drafts, reviews, and/or negotiates complex legal documents, such as regulatory filings, engagement letters, 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
- Provides legal support for executive compensation programs and arrangements, including incentive compensation, equity awards, executive employment matters, and related compensation governance activities
- Advises on legal and regulatory requirements applicable to executive compensation disclosures and reporting obligations, including proxy statement disclosures, securities law requirements, and insider reporting matters
- Provides legal counsel regarding employee benefit plans and compensation-related programs, including qualified and nonqualified retirement plans, health and welfare plans, cafeteria plans, fringe benefits, executive perquisites, and global compensation compliance requirements
Required Qualifications:
- Admitted to state bar in good standing.
- 5+ years experience practicing in the area of compensation and benefits.
- Experience with relevant SEC disclosure rules and IRC provisions
- Experience with ERISA and qualified and nonqualified plans.
- Experience with executive offer letters and separation agreements
- Ability to work collaboratively on a solutions-focused self-directed team.
- Ability to work effectively with all levels of the organization.
- Strong project management skills.
Desired Qualifications:
- 7+ years experience practicing in the area of compensation and benefits with an executive compensation focus.
- Knowledge of executive compensation issues related to the financial services industry.
- Experience with publicly traded companies.
- International compensation and benefits experience.
Skills:
- Advisory
- Corporate Governance Management
- Oral Communications
- Stakeholder Management
- Written Communications
- Attention to Detail
- Collaboration
- Issue Management
- Legal Drafting and Writing
- Relationship Building
- Executive Presence
- Interpret Relevant Laws, Rules, and Regulations
- Presentation Skills
- Regulatory Compliance
- Risk Management
Minimum Education Requirement: Doctorate degree in related field
Shift:
1st shift (United States of America)Hours Per Week:
40Bank of America Charlotte, North Carolina, USA Office
100 North Tryon Street, Charlotte, NC, United States, 28202
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