Fiduciary Initiatives Executive (Lawyer)

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. Responsible Growth is how we run our company and how we deliver for our clients, teammates, communities and shareholders every day.One of the keys to driving Responsible Growth is being a great place to work for our teammates around the world. We’re devoted to being a diverse and inclusive workplace for everyone. We hire individuals with a broad range of backgrounds and experiences and invest heavily in our teammates and their families by offering competitive benefits to support their physical, emotional, and financial well-being.Bank of America believes both in the importance of working together and offering flexibility to our employees. We use a multi-faceted approach for flexibility, depending on the various roles in our organization.Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!The Business Team:The Fiduciary Programs and Platforms (FPP) Team is responsible for the management and development of Bank of America’s fiduciary business, including the Merrill Lynch Investment Advisory Program (IAP) and its Merrill Lynch One platform. IAP comprises over $1.2 trillion in client assets across 800k+ households, generating ~$10B in annual revenue for Merrill Wealth Management. This team and our Fiduciary program offering are critical to driving business growth and optimal investment outcomes for our clients. The primary focus areas of the team include providing support for the fiduciary program offering, platform enhancements, improving product offerings, identifying pricing opportunities, and implementing IAP oversight and program guidelines to help drive growth and efficiency across all client segments and advisors.Job Description:The Fiduciary Initiatives Executive will provide strategic and regulatory support to leadership and team members in connection with Fiduciary Team projects. He or she will work with Fiduciary Team members and across the Merrill organization to tackle legal, compliance, and regulatory issues as part of any strategic initiative or regulatory response. In addition, he or she will be responsible for coordinating disclosure updates affecting our ADV brochure materials and financial advisor and client communications.Key Responsibilities:Providing bespoke strategic input to Fiduciary business projects and initiativesDeveloping disclosure and client approved materials relating to IAP and other investment advisory programsResponding to regulatory changes and initiativesProviding support to develop investment solutions that drive growth while managing riskSupporting and assisting other FPP LOB with strategic initiatives from idea creation through executionManaging product collateral such as enrollment documents, contracts, disclosure documents, and procedure manualsAddressing ad hoc requests and issues relating to Legal, Compliance, Risk & Audit inquiriesDesired Skills:JD degreeSeries 7 and 66 (must be obtained within 120 days)At least 10+ years of financial services experienceAt least 4+ years of legal experience covering the financial services industry, ideally with coverage of Investment Adviser’s Act issues and regulationComfortable working with multiple business groups and legal, compliance, and risk partnersAbility to present information and findings to senior executives and leadershipPlain-English writing ability or willingness to adapt to that communication approachShift:

1st shift (United States of America)Hours Per Week:

40Pay Transparency details:Pay range: $202,500.00 - $307,300.00 annualized salary, offers to be determined based on experience, education, and skill set. This role is eligible for participation in the annual discretionary plan based on individual performance and the overall success of the Company.Benefits: This role is currently benefits eligible, providing industry-leading benefits, access to paid time off, and resources to support employees in contributing to the sustainable growth of our business and communities.

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