Attorney - Global Banking

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 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 regulatory guidance related to fixed income derivatives products, futures, cleared OTC and repo within Global Markets while supporting strategic business initiatives and regulatory developments. Key responsibilities include advising on fixed income derivatives, clearing, futures and cleared repo and OTC activities, analyzing legal and regulatory matters impacting products and services, negotiating complex legal documentation, and coordinating with business partners and external counsel. Job expectations include managing legal risk, supporting regulatory examinations and investigations, maintaining documentation standards, exercising independent judgment on complex legal matters, and contributing to the development of team members while collaborating across global legal and business teams.

Responsibilities:

• Drafts, reviews, negotiates, and advises on ISDA Master Agreements, Credit Support documentation, risk participation arrangements, bespoke transaction confirmations and ancillary documentation supporting the Rates and Foreign Exchange businesses
• Provides legal advice regarding licensing, documentation, and transaction structuring matters supporting the U.S. and Latin America Rates and FX businesses
• Advises on regulatory requirements applicable to swap dealer, securities-based swap dealer, futures, and clearing activities, including rules administered by the Commodity Futures Trading Commission, National Futures Association, Securities and Exchange Commission, and Financial Industry Regulatory Authority
• Supports the development and implementation of U.S. Treasury clearing and other fixed income clearing initiatives
• Works closely with Legal, Compliance, Risk, Credit, and business partners globally to support fixed income derivatives and clearing activities
• 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
• Drafts, reviews, and negotiates complex legal documents and legal opinions related to derivatives, clearing, and capital markets activities
• 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
  

Required Qualifications:

• Familiarity with fixed income derivatives products

• Familiarity with futures clearing, treasury clearing and FCM regulations and documentation.
• Experience with US CFTC and SEC rules

Desired Qualifications:

• 4 years plus experience at major law firm, bank, or similar institutional experience.
• Familiarity with some institutional broker-dealer and banking businesses and products.
• Candidate should be a self-starter, quick learner and must be able to work independently and proactively.
• Candidate should be someone who can handle multiple complex assignments and navigate a large institution.

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

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 - 114 W 47th St - 114 W 47th St - Ust (NY8114)

Pay and benefits information

Pay range

$175,000.00 - $259,700.00 annualized salary, 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.