Attorney - ERISA/Employee Benefits
Company: Disability Solutions
Location: New York
Posted on: May 5, 2024
Job Description:
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!Bank of America seeks an In-House
ERISA/Employee Benefits Attorney to support its retirement and
recordkeeping business. This attorney will be part of a dynamic
legal team that provides advice and guidance related to the
company's record-keeping, trust, custody, brokerage and wealth
management services provided to retirement plans and retirement
accounts.Responsibilities include the following:
- Act as subject matter expert regarding tax-qualified and
non-qualified retirement plans with deep technical knowledge of
ERISA and the Internal Revenue Code, as well as experience with
trust laws, the Investment Advisers Act, securities laws, FINRA and
data privacy laws as they relate to the retirement business.
- Draft, maintain and negotiate legal agreements such as
record-keeping services agreements, trust agreements, fund services
agreements, fund distribution agreements, non-disclosure
agreements, and plan participant IRS and DOL required notices.
- Provide legal advice to Prototype Plan group
- Provide legal advice on statutory and regulatory law changes
affecting retirement plan governance, administration, and
management
- Provide day-to-day support to business personnel regarding
operational and compliance matters, resolution of client issues,
recordkeeping systems management and enhancements, and development
of applicable websites and mobile applications
- Provide legal advice to sales, marketing and communications
teams and the RFP team regarding prospective clients and
communications pieces to plan sponsors and participants
- Provide legal advice in the development of new plan
record-keeping products and services, including plan sponsor and
participant level advisory services
- Provide legal support for EPCRS corrections and VCP submissions
for operational and document failures
- Assist in preparing and updating Form ADVs for advisory
products
- Provide legal support on plan education, distribution and
rollover services
- Provide legal support on Tribal Nation clients
- Work in collaboration with Compliance, Risk and
Supervision
- Coordinate with other members of the Legal department and
manage outside counsel as necessaryDesired Skills:
- Knowledge of SEC rules, including Reg. BI, Form ADV filings,
and marketing rules.
- Experience with nonqualified deferred compensation plans, IRC
Section 409A, and equity plans is a plus.Requirements:
- J.D. required
- A minimum of 5 to 10 years of related legal experience is
required.
- Extensive experience needed with ERISA, the Internal Revenue
Code, trust laws, the Investment Advisers Act, securities laws,
FINRA and data privacy laws as they relate to tax-qualified
retirement plans and the record-keeping business
- Candidates must possess strong communication and drafting
skills, and demonstrate experience and confidence in risk
identification and analysis, and risk management decision
making.Shift:1st shift (United States of America)Hours Per Week:
40
Keywords: Disability Solutions, Edison , Attorney - ERISA/Employee Benefits, Legal , New York, New Jersey
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