Regulatory Reform Lawyer

Bank of America Corporation
London, United Kingdom
Nov 15, 2022
Nov 30, 2022
Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Job Description:

Job Title: Regulatory Reform Lawyer
Corporate Title: Up to Director & Assistant General Counsel
Location: London

Role Description:

  • Assisting with strategic and technical legal advice on the scope of EU regulations (together with national implementing measures) and interpretation of specific provisions, having regard to the level 1 and level 2 texts and any guidance or FAQs provided by the applicable regulators. The scope of rules and regulations includes: MIFID II, EMIR, Benchmark Regulation, Securities Financing Transaction Regulation, CSDR, SRD II.
  • Assisting with strategic and technical legal advice on the UK regulations that onshored EU regulations as part of the UK's withdrawal from the European Union.
  • Assisting with strategic and technical legal advice on EU and UK ESG and digital finance laws and regulations, and monitoring legislative developments.
  • Assisting line of business legal coverage with current regulatory issues and impending regulatory implementation issues.
  • Attending internal regulatory implementation programme working groups.
  • Presenting at internal meetings on regulatory developments.
  • Preparing updates on regulatory developments for senior legal and business partners.
  • Liaising with internal regulatory workstream leads, project managers and external advisors.
  • Representing BofA at relevant industry working groups (e.g. ISDA, AFME, UK Finance).

The Team:

  • EMEA Equities Legal is a team of lawyers led by Mark Skinner, with 30 FTE located in London and 2 FTE in Paris. The Regulatory coverage is a sub-set of this team.
  • Cumulatively the team has a vast amount of experience and are well placed to provide ongoing support and training, with senior members actively identifying development opportunities for more junior team members.
  • More broadly, the Global Markets Legal team have an internal mentoring program, connecting senior leaders across the legal department with teammates across all regions. In addition, the Global Markets Legal team have an external mentoring program with its key magic circle law firms, helping to develop and support diverse lawyers and in furtherance of a creating a legal profession which represents the diversity of our communities.

Key skills:

  • Qualified lawyer
  • Experience of investment banking either through private practice advisory work/secondment or in-house legal department
  • Experience of legal advisory work with particular attention to regulations applicable to financial markets
  • Excellent attention to detail and accuracy of work
  • Proactive and able to manage competing priorities/tight deadlines

Bank of America:

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.
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