Senior Counsel, Global Payments & Digital Assets

Bank of America; Mesquite (TX); On-site; USD 175,000 - 260,000; Full time

Job summary

Bank of America seeks an experienced in-house or law firm counsel to support Global Payments Solutions (GPS) with legal, regulatory and commercial matters. You will review agreements, advise on payment, treasury and digital assets matters, and coordinate with outside counsel.

Ideal candidates have 6–12 years in payments or financial services, strong drafting and negotiation skills, and an active bar membership.

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

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

Skills

Advisory

Influence

Interpret Relevant Laws, Rules, andReg

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

Education

Doctorate degree in related field

Job description

Bank of America seeks an experienced in-house or law firm counsel to support Global Payments Solutions (GPS) with legal, regulatory and commercial matters. You will review agreements, advise on payment, treasury and digital assets matters, and coordinate with outside counsel.

Ideal candidates have 6–12 years in payments or financial services, strong drafting and negotiation skills, and an active bar membership.