Senior Paralegal

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:

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 in collaboration with internal and external counsels and conducting research and analyzing data.

Team Specific Job Description:

This role is responsible for providing strategic and sophisticated legal guidance to the Global Wealth and Investment Management (GWIM) businesses related to legal aspects of client onboarding and maintenance, at-risk person and fraud, and disputes amongst clients or against the firm.  Key responsibilities include researching state and federal laws and reviewing applicable client agreements to advise the Business on client service related issues, such as Powers of Attorney, Trusts, Transfer on Death, Beneficiary Designations, Guardianships, Estates, and Legal Structures.  This role also provides legal advice related to adversarial matters regarding internal or external fraud, customer complaints, and seniors or other at-risk persons.  Job expectations include strong decision-making and sound judgment, with the ability to identify high-risk scenarios for escalation within the Business and the Legal Department. Attorney supervision is available, but paralegals are expected to liaise directly with the Business to resolve legal questions.

Responsibilities:

• Liaises directly with internal clients to offer practical and succinct legal guidance
• Collaborates with other paralegals, attorneys and outside counsel as needed on certain complex or high-risk matters
• Evaluates laws, rules and regulations and provides concise written analysis
• Researches relevant facts and case law to inform legal support for specific transactions or internal projects
• Works with business and control partners on audit and other control issues

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:

• Prior experience in securities law or other banking/financial institution experience
• Exceptional written and verbal communication skills, including the ability to accurately draft, edit, and summarize documents and communications
• Demonstrated capacity for managing competing priorities, effective time management, thoroughness, and initiative.
• Proficient in Microsoft suite and other related software

Desired Qualifications:

• Paralegal Certification preferred

Minimum Education Requirement:

• High School Diploma / GED / Secondary School or equivalent

Shift:

1st shift (United States of America)

Hours Per Week: 

40

Pay Transparency details

US - CA - Los Angeles - 333 S HOPE ST - BANK OF AMERICA PLAZA (CA9193), US - NJ - Pennington - 1500 AMERICAN BLVD - Princeton Place at Hopewell Bldg. 5 (NJ2150), US - NY - New York - 114 W 47TH ST (NY8114), US - RI - Providence - 1 Financial Plaza (RI1537)

Pay and benefits information

Pay range$41.65 - $54.63 hourly pay, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This role is eligible to participate in the annual discretionary plan. Employees are eligible for an annual discretionary award based on their overall individual performance results and behaviors, the performance and contributions of their line of business and/or group; and the overall success of the Company.

Benefits

This role is currently benefits eligible. We provide industry-leading benefits, access to paid time off, resources and support to our employees so they can make a genuine impact and contribute to the sustainable growth of our business and the communities we serve.