Job Details

Legal Staff Paralegal in Charlotte, NC

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Company name

Bank of America Corporation

Organization Type

In-House

Job Type

Legal Staff

Practice Area

Finance - Banking

Location

USA Charlotte, NC

Date Last Verified

Apr 11,2018

Posted on

Apr 03,2018

21 hits

Profile

Paralegal- Consumer/Small Business The candidate will respond to requests for review and analysis of legal documents and questions in support of Small Business lending, including review of changes requested by clients to loan documents, as well as trusts, powers of attorney, subordination agreements and borrowing resolutions provided by clients or other creditors of clients. Will develop covenant riders and amendments for customized financial reporting and financial covenants required by Credit. Answer questions regarding liens and mortgages against personal and real property. Respond to questions regarding the structure of organized legal entities (e.g., corporations, partnerships, limited liability companies). Engage and collaborate with external counsel on the foregoing, if required. Develop letters in support of extensions of credit to enforce credit agreements and financial covenants in loan agreements with clients and engage outside counsel if required to assist in these tasks. Review and advise on marketing and advertising copy submitted by the Small Business lending segments with the ability to identify and escalate potential legal or other risks that may arise from the marketing or advertising of Small Business products and services. Review, investigate and develop responses to client complaints regarding Small Business products and services. Identify and escalate potential systemic legal, regulatory or compliance risks from client complaints. Support the Small Business Legal team generally, including responding to general or routine matters involving its lending and deposit products, monitoring business initiatives for potential regulatory and lending risk, and participating in governance routines. Attend internal meetings as a lawyer surrogate by detailing in writing meeting topics and issues presented for consideration by the business to in-house counsel. Supports attorneys in executing legal transactions and is responsible for securing, preparing, drafting, and processing legal documents. This includes research, and the review and interpretation of legal documents for validity, content, accuracy, and compliance with procedures. Must have knowledge of legal documentation and procedures for examining, preparing, and processing legal documents. Generally requires more direct attorney supervision. Must have paralegal certification or college degree with relevant experience. Experience in reviewing and analyzing legal documents, such as loan agreements and/or powers of attorney and trusts for clauses related to legal rights, authorities and responsibilities of parties is essential. Experience with relevant laws and regulations applicable to the offering and provision of financial products and services, including UDAAP, the Uniform Commercial Code and the Equal Credit Opportunity Act/Regulation B is desired. Strong working knowledge of commercial mortgage lending is desired. Experience with relevant lines of business (credit card, deposits, auto lending, small business lending, financial centers, etc.) is desired.

Company info

Hiring Coordinator
Bank of America Corporation
100 North Tryon Street
Charlotte, NC 28255