Attorney – Global Markets

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.

This role will broadly support the Institutional Sales and Trading function for Equities within Global Markets and International. Responsibilities include advising cash equities trading desks and related support functions; negotiating and documenting agreements with customers, clients, providers, vendors, venues, and peers; and providing legal guidance across a range of matters primarily related to the global equities markets, with potential exposure to other institutional products and services. The role will also advise on corporate, commercial, intellectual property, securities, and banking law matters affecting the equities platform, participate in corporate governance routines, and collaborate closely with business partners and other control functions supporting institutional clients.

In addition, the role will provide contractual and general legal support to the Sales and Trading function, primarily for Equities and Advisory Sales. This includes drafting and negotiating a wide range of agreements covering sales, execution, secondary trading, information provision, index and other licensing arrangements, and ETF Authorized Participant matters. There is a strong emphasis on client‑facing trading and onboarding documentation, as well as agreements related to data provision, technology and intellectual property licensing, market access, commission management and soft dollar arrangements, clearing relationships, and other financial services technology agreements.

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.

Additional Responsibilities:

• Acts as a trusted legal advisor to the Global Markets and International Sales and Trading businesses by developing strong relationships with front line units and advising on complex legal issues impacting the Equities platform, including new and existing products and services.
• Partners closely with Compliance and other control functions to interpret and implement laws, regulations, firm policies, and regulatory developments, including responding to business inquiries, regulatory requests, due diligence questionnaires, and supporting regulatory examinations, investigations, and disputes.
• Coordinates with and manages outside counsel and internal legal partners globally, contributes to global legal know‑how sharing, and supports effective documentation practices, including maintaining legal templates and negotiation records.

Required Qualifications:

• Experience with an internationally known law firm (or in house at an investment bank or similar financial services provider) with significant experience advising on commercial agreements, licensing, intellectual property and/or regulatory matters involving corporate, securities and banking law matters, with an emphasis on secondary trading markets.
• At least a basic understanding of U.S. equities market structure, with an emphasis on electronic trading and market access arrangements, as well as commission management services.
• Excellent interpersonal skills - needs to be able to communicate effectively with senior management, business associates involved in sales and trading, and support colleagues.
• Sound judgment - needs to be able to measure risk/reward in a practical yet sound manner.

Desired Qualifications:

• 3-5 years experience in the above referenced practice area.
• Knowledge of derivatives products and related documentation a plus.
• Experience in drafting and negotiating commercial agreements, particularly with clients, with at least a basic knowledge of US securities laws, rules, and regulations.

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
• Stakeholder Management

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 - $259,700.00 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.