Attorney – Fraud & Claims and At-Risk Persons

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 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.

The role will primarily be responsible for providing legal advice and counsel in connection with the Bank’s At-Risk Persons (ARP) program, as well as working with other attorneys on the team supporting fraud and claim-related matters involving deposit/payments and credit-related products. The work generally includes: (i) legal support related to escalated claims, complaints and other pre-litigation dispute resolution involving ARP matters; (ii) legal support for escalated transaction dispute claims, fraud-related complaints and fraud-related pre-litigation dispute resolution involving deposit/payment and credit-related products; (iii) research and support related to state and federal requirements involving ARP, fraud/scams and transaction dispute claims; (iv) support related to fraud and ARP-related strategies, fraud detection and applicable marketing; (v) support on related regulator exams; (vi) working with industry groups on related matters; and (vii) providing general legal advice and support to these business units.

This job is primarily responsible for providing legal counsel on Consumer and Wealth Management related products, services, and regulatory matters, but may also become involved with other business lines including Commercial Banking and Small Business. 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 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
• Provides support on policies and procedures
• Provides support in connection with industry trade group efforts

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:

• 5-7 years prior experience working as an attorney in a law firm or in-house legal department.

Desired Qualifications:

Prefer candidate have worked as an attorney in an in-house legal department for a financial institution, ideally working with deposit/payments (debit card, ATM, ACH, Zelle, wire transfers, checks, etc.) and credit (credit card, mortgage, HELOC, auto loans, etc.) banking products/services, particularly focused on fraud and scam-related matters, elder/at-risk person exploitation, transaction dispute claims/complaints, pre-litigation dispute resolution, risk account closures, account takeover situations, identity theft and fraud strategies. Experience with EFTA/Regulation E, TILA/Regulation Z, UCC, Reg CC and state elder exploitation/abuse laws is preferred.

Minimum Education Requirement: Doctorate degree in related field

Shift:

Hours Per Week: