CFO Tax Counsel

2 days ago


New York, United States Disability Solutions Full time
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

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 of Legal experience in a law firm, accounting firm, financial institution, other financial services firm or multi-national corporation
  • Excellent written and oral communication skills, including presentation skills
  • Ability to thrive in a fast-paced environment and deliver work product in abbreviated timeframes
  • Good organizational and prioritization skills
  • Analytical Thinking
  • Policies, Procedures, and Guidelines Management
  • Tax Administration
  • Continuous Improvement
  • Problem Solving
  • Process Performance Management
  • Relationship Building
  • Stakeholder Management
  • Attention to Detail
  • Financial Analysis
  • Project Management
  • Reporting


Desired Skills:
  • LL.M. in Taxation or Masters in Taxation preferred


Minimum Education Requirement: Juris Doctorate Degree

Shift:
1st shift (United States of America)

Hours Per Week:
40

Pay Transparency details

US - NY - New York - 1100 Ave Of The Americas - Two Bryant Park (NY1540)

Pay and benefits information

Pay range

$140,000.00 - $165,400.00 annualized salary, offers to be determined based on experience, education and skill set.

Discretionary incentive eligible

This 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.

Benefits

This 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.

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