Attorney II – Fixed Income, Global Banking & Markets

Internal Revenue Service; New York (NY); On-site; USD 175,000 - 260,000; Full time

Job summary

A leading financial institution is seeking an experienced Attorney to provide legal counsel on regulatory matters and complex legal issues related to Global Banking and Markets. The role entails drafting legal documents, coordinating with outside counsel, and advising on securities and compliance laws. The ideal candidate will possess a JD degree, significant experience in brokerage legal matters, and strong negotiation skills, contributing to a dynamic legal team in New York.

Benefits

Industry-leading benefits

Discretionary incentive eligibility

Access to paid time off

Qualifications

• 5+ years of broker-dealer / capital markets legal experience.
• Strong leadership, writing, and presentation skills.
• JD degree and active state bar admission required.

Responsibilities

• Analyze legal issues regarding products and regulatory matters.
• Draft, review, and negotiate complex legal documents.
• Direct outside counsel and provide legal advice on operations.

Skills

Advisory

Influence

Legal Drafting and Writing

Regulatory Compliance

Problem Solving

Risk Management

Critical Thinking

Collaboration

Education

Doctorate degree in related field

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.

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 job is responsible for providing legal counsel on products, services, and regulatory matters related to the Global Banking and Global Markets businesses. 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.

Successful candidate will be responsible for the following activities supporting Global Markets’ Fixed Income sales and trading business, among others: (i) the analysis of complex legal issues and implications on matters of significant impact; (ii) providing advice on new or existing products or services; (iii) review, analysis and advocacy concerning new regulatory proposals; and (iv) coordinating the work of outside legal counsel on related projects.Limited coverage of the Equities prime brokerage business will be required as well. Individuals in this position typically have six or more years of relevant experience since admission to the Bar.

Responsibilities:

• Analyzes legal issues and implications on products, services, and regulatory matters related to the Global Banking and Global Markets businesses
• 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
• Drafts, reviews, and/or negotiates complex legal documents, such as engagement letters, debt agreements, 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
• Attorney will assist in providing coverage for various fixed income businesses, including mortgages, credit, and rates products, including working with sales, trading, and syndicate personnel.
• Ongoing advice in connection with the day-to-day operations of the department on a wide variety of legal issues. Knowledge of the U.S. securities laws, broker-dealer regulations, and banking regulations impacting the business, including issues relating to cross-border transactions and public-private interactions.
• Experience with primary offerings and Securities Act issues helpful as is knowledge of processes concerning mortgage issuances and GSE origination.
• Drafting of various legal agreements, disclosures, confidentiality agreements, and auction agreements.
• Work with electronic trading platforms and agreements, including onboarding of new trading platforms.
• Active participation on various internal control committees as well as industry groups, such as SIFMA, particularly relating to advocacy for new regulatory initiatives.
• Director or Vice President-level position, to be determined based on experience.

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+ years (law firm, regulatory and/or in-house) of direct broker-dealer / capital markets legal experience.
• Experience with securities and corporate legal matters.
• Working knowledge of SEC and broker-dealer regulations.
• Candidate must be a highly motivated self-starter who is very adept at problem-solving.
• Candidate must have strong leadership skills and excellent writing, drafting and presentation skills.
• Candidate must have effective negotiating and excellent interpersonal skills.
• Candidate must have a JD degree and be admitted to at least one state bar (active/good standing).
• Highly motivated self-starter who is very adept at problem-solving.
• Ability to handle multiple projects at any given time.
• Have strong leadership skills and excellent writing, drafting and presentation skills.
• Effective negotiating and excellent interpersonal skills.
• Strong work ethic.

Desired Qualifications:

• Understanding of capital markets and sales and trading businesses.
• Knowledge of Volcker and other related banking regulations.
• Understanding of prime brokerage business and related legal issues.

Minimum Education Requirement: Doctorate degree in related field

Shift:

1st shift (United States of America)

Hours Per Week:

40

Pay Transparency details

US - NY - New York - ONE BRYANT PARK - BANK OF AMERICA TOWER (NY1100)Pay and benefits informationPay range$175,000.00 - $259,500.00 annualized salary, offers to be determined based on experience, education and skill set.Discretionary incentive eligibleThis 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.BenefitsThis 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.