Attorney – Global Payments Solutions – Payments

Bank of America

Charlotte (NC)

On-site

USD 150,000 - 190,000

Full time

2 days ago

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Job summary

Bank of America seeks a senior attorney to advise the Global Payments Solutions (GPS) business on legal, regulatory, and commercial matters related to payments, merchant services, deposits, liquidity management, and trade finance solutions.

The role includes reviewing documents, negotiating agreements, guiding internal partners, and supervising outside counsel while ensuring compliance across domestic and international payment networks.

Qualifications

6–12 years of law firm or internal counsel experience in payments or financial services.
Active bar membership in good standing.
Strong drafting, negotiation and communication skills.

Responsibilities

Analyzes legal issues affecting GPS products, services and regulatory matters.
Negotiates legal documents and commercial agreements; interprets laws for business use.
Provides risk-based legal advice to internal partners and leadership.
Directs outside counsel and coordinates work with Paralegals and other staff.
Advises on regulatory matters related to domestic and international payment systems (Fedwire, CHIPS, SWIFT).
Collaborates with compliance, risk, audit and business stakeholders to mitigate risks.
Supports development of innovative payment solutions including digital assets and distributed ledger technologies.

Skills

Advisory

Influence

Interpret Relevant Laws

Policies, Procedures

Risk Management

Critical Thinking

Decision Making

Issue Management

Legal Drafting and Writing

Regulatory Compliance

Attention to Detail

Collaboration

Executive Presence

Legal Structures and Forms

Problem Solving

Education

Doctorate degree

Job description

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.

Job Description

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 and support to the Bank's Global Payments Solutions (GPS) business on legal, regulatory, and commercial matters relating to GPS products and services, including payments, merchant services, commercial card, deposits, liquidity management, receivables, and trade finance solutions. Key responsibilities include reviewing and negotiating legal documents, customer-facing documentation and commercial agreements, 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, directing the work of other Legal staff and providing practical, risk-based legal advice on applicable laws, regulations, and industry developments to facilitate business growth, innovation, and the effective management of legal and regulatory risk.

Responsibilities

Analyzes legal issues and implications on products, services, and regulatory matters related to the Global Payment Solutions Business
Communicates clear, concise, actionable, and business-informed legal advice, including occasionally to leadership
Interprets rulings, laws, and regulations from a compliance and business control standpoint
Provides high quality and responsive legal advice and support for cash management and treasury services, including domestic and international funds transfers (e.g., wire transfers and ACH), foreign exchange, check products, digital disbursements, electronic bill payment solutions, other payment services, and e-commerce initiatives.
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
Advises on legal, regulatory, and operational matters relating to domestic and international payment, messaging, clearing, and settlement systems, including Fedwire, CHIPS, SWIFT, and other payment network infrastructures. Ensures legal and regulatory compliance across products, transactions, and business processes within assigned coverage areas
Collaborates with compliance, risk, audit, and business stakeholders to identify and mitigate legal and regulatory risks
Supports the development and implementation of innovative payment and treasury solutions by providing legal guidance on digital assets, stablecoins, blockchain and distributed ledger technologies, tokenized deposits, and other emerging financial infrastructure and digital payments initiatives

Required Qualifications

6-12 years of law firm and/or internal counsel experience in the payments or financial services industry, including with respect to the cash management business, and a solid understanding of banking laws, regulations and rules impacting the above cash management services.
Strong organizational, drafting and negotiation skills
The ability to communicate clearly, both verbally and in writing, at all levels within the organization, including being able to make and communicate difficult decisions to appropriate persons in the organization.
Strong work ethic and self-initiative, with the ability to manage a high volume of work in a fast-paced and changing environment
Strong interpersonal skills with the ability to work well as part of a team with other lawyers, clients and other risk and business support partners
The ability to effectively balance risk and reward and to be a strategic partner with clients to help them achieve their business objectives with an appropriate risk/reward balance.
Active bar membership in good standing

Desired Qualifications

Meaningful experience with digital assets, stablecoins, blockchain and distributed ledger technologies, tokenized deposits, and other emerging financial infrastructure and digital payments initiatives.
Credit support negotiation experience/background (i.e. negotiating security agreements, guaranties)
Project management experience
Ability and willingness to develop and propose constructive solutions, where warranted.

Skills