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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!Job Description:Responsible for complex tax planning, forecasting, and/or advisory responsibilities. Activities include complying with complex tax reporting requirements of various governmental jurisdictions in a manner that minimizes tax liabilities; researching tax issues, developing effective tax minimization strategies; and providing business unit support to business partners on more complex issues. May manage highly complex business partner relationships and will have depth of expertise for relevant area.The Tax Counsel is responsible for rendering tax advice to Bank of America businesses and managing the tax risk associated with new and existing products, transactions and offerings. The role requires the ability to research, analyze, interpret and explain complex tax rules to numerous tax and non-tax technical stakeholders.The Tax Counsel will:Review new products and services to evaluate the potential impacts to the Company’s tax and accounting positions in all relevant jurisdictions, including considering the tax impact and suitability requirements for potential clients and determining the information reporting and withholding tax consequences.Review and evaluate the impact of any new or proposed tax laws, regulations, administrative guidance or other authorities that affect existing products and services and communicate the impact to stakeholders. Work closely with the relevant affected business to implement changes to approvals or draft guidelines necessary to comply with such new tax laws or regulations.Draft legal memoranda or other documentation/summaries/presentations, as appropriate, setting forth the tax technical analysis and rationale for tax positions.Review and negotiate tax provisions in client-facing agreements and contracts, such as ISDAs, credit agreements, repurchase agreements and securities lending agreements.Work closely with and support colleagues in the Global Tax Function, including colleagues in Enterprise Tax Planning, Accounting for Income Tax, Tax Compliance and International Tax to ensure the impact of business activities, initiatives and/or investments are properly accounting for and all tax attributes are properly reflected.Collaborate with and build relationships with colleagues in the Businesses and across other Support Functions (e.g., Legal, Accounting Policy, and Treasury) to develop a deep understanding of our products and services and mitigate tax risk.Manage external tax counsel on advisory engagements, including defining the scope of the work and independently evaluating the advice rendered.Participate in industry organizations, working groups and other tax advocacy efforts on behalf of Bank of America.Skills and Qualifications:Minimum 5 years ofLegalexperience in a law firm, accounting firm, financial institution, other financial services firm or multi-national corporationExcellent written and oral communication skills, including presentation skillsAbility to thrive in a fast-paced environment and deliver work product in abbreviated timeframesGood organizational and prioritization skillsAnalytical ThinkingPolicies, Procedures, and Guidelines ManagementTax AdministrationContinuous ImprovementProblem SolvingProcess Performance ManagementRelationship BuildingStakeholder ManagementAttention to DetailFinancial AnalysisProject ManagementReportingDesired Skills:LL.M. in Taxation or Masters in Taxation preferredMinimum Education Requirement:Juris Doctorate DegreeShift:1st shift (United States of America)Hours Per Week:40Pay Transparency detailsUS - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)Pay and benefits informationPay range$140,000.00 - $165,400.00 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.
