Job Details

Attorney Investment Management

Company name

Bank of America Corporation

Organization Type


Job Type


Date Last Verified

Aug 10,2019

Valid Through

Nov 23,2019

Posted on

May 09,2019

Years of Experience

Min 8 yrs required


New York City, NY, United States

Employment Type



Practice Area
Corporate >> Corporate - General
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Attorney - Investment Management
The candidate will be responsible for: Routinely and independently engaging with and providing timely and thorough legal advice to Home Office business colleagues, Divisional and Market level Office Management Teams ("OMT"), fellow control partners (e.g., Supervision, Compliance, Risk and Corporate Audit) and others within MLWM (and often across GWIM) on complex issues relating to a range of topics. Conducting and/or coordinating legal research with regard to core broker dealer rules and regulations, such as SEC and FINRA rules regarding suitability, supervision, books and records issues, client transaction requirements, and other topics relevant to supporting the MLWM business. In the event that external counsel is engaged, this role will also coordinate and manage external legal providers in support of assigned Home Office teams, sales Divisions and/or business segments. Partnering closely with other in-house legal colleagues, including tax, product, banking, mortgage, and other specialist attorneys on matters pertaining to MLWM. This role will also be responsible for partnering directly with internal litigation, regulatory and employment legal colleagues to help ensure effective coordination and timely internal communication of all external regulatory and litigation matters, as well as all internal investigations, affecting assigned Home Office and/or sales Divisions. Partnering closely with fellow control functions, such as Risk, Compliance, Supervision and Corporate audit partners, to provide ongoing legal support and help ensure effective communication and timely incorporation of lessons learned and best practices across the MLWM business (and GWIM more generally, as appropriate). This role will also work with fellow control partners to advise on the development of relevant policies and procedures. Providing legal support and advice to the MLWM line of business (most typically to the assigned Divisional and Market Office Management Teams) in connection with the timely handling and resolution of pre-litigation disputes. These disputes may be with external clients, vendors, or internal parties, and often also require close coordination with other control partners (e.g., Compliance and Supervision), as well as other in-house legal colleagues. Drafting and negotiating agreements, as needed, to support all aspects of the MLWM business (and occasionally, agreements with broader GWIM-wide impact). This role may be required to negotiate matters with external parties. Serving as the MLWM Advisory Legal representative on various enterprise-wide matters and special projects. This role may also be tasked with serving as a regular liaison with other businesses within the company (e.g., Merrill Edge, Global Wealth and Retirement Solutions (“GWRS”) and Global Banking and Asset Management (“GBAM”)) to help ensure efficient coordination and cross-learning across legal teams. Providing training (typically in conjunction with fellow control partners) to Home Office business colleagues, members of Divisional and Market Office Management Teams, Financial Advisors and others, on legal and regulatory issues and associated lessons learned, risks identified, and risk mitigation strategies. Representing the MLWM Advisory Legal team in various governance routines specific to assigned Home Office teams, sales Divisions and/or business segments. Leading and developing, as needed, more junior members (e.g., paralegals) of the MLWM Advisory Legal team. Should have 8+ years experience covering a financial services business, ideally a wealth management, investment advisory and/or private banking business, and good familiarity with retail financial products and services. Prior experience as an in-house counsel and, specifically, as a senior line of business counsel is strongly preferred. Prior work experience at a regulatory or quasi-regulatory agency (such as SEC or FINRA) will be considered a strong plus. JD degree or equivalent law degree, and admitted to any United States bar in good standing. Must have strong knowledge of, and experience advising on, SEC and FINRA broker dealer related rules and regulations is essential, including in particular those rules and regulations relating to: Suitability of investment recommendations and related sales practices, including in particular rules regarding vulnerable investors (e.g., FINRA Rule 2111). Just and equitable principles for conducting broker dealer activities (e.g., FINRA Rule 2010). Marketing materials and, more broadly, communications with the public (e.g., FINRA Rules 2210). Supervisory requirements generally (e.g., FINRA Rules 3110 and 3120). Registered representative disclosures and licensing issues. Client privacy, Financial crimes prevention and books and records requirements. Should preferably have prior knowledge of, and experience advising on, rules and regulations regarding one or more of the following topics is strongly desired: Litigation (including, ideally, experience handling pre-litigation disputes) and experience with regulatory/internal reviews and investigations; Margin lending and related activities (e.g., FINRA Rule 4210/Regulation T lending); Transactions involving restricted and control securities (e.g., sales under Rule 144; Section 16; Reg SHO); Transactions under formal trading plans (e.g., sales under Rules 10b5-1/10b-18); Corporate actions; Retail/fully-paid stock lending activities; Broker transfer issues; E-delivery and E-signature issues; Financial Advisor compensation issues; and Americans with Disabilities Act compliance issues.

Additional info

Job number: 18073654

Company info

Hiring Coordinator
Bank of America Corporation
318 Grand St
New York City, NY 10002

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