Lauren Mogensen will become global general counsel for Bank of America, succeeding David Leitch at the end of the year. She is a member of the company’s executive management team.
In this role, Mogensen will be responsible for overseeing the company’s legal functions around the world.
She most recently was the Global Compliance and Operational Risk executive for the company, where she was responsible for overseeing the company’s strategy and governance for the company’s Compliance and Operational Risk programs. Mogensen was also responsible for enterprise-wide Compliance and Operational Risk policies, standards, and program execution. Her responsibilities also included maintaining relationships with key regulators and supervisory institutions worldwide, the company’s senior leadership team, key governance committees and the board of directors to sustain a culture of managing risk well and a best-in-class control environment to support the company’s responsible growth strategy.
An experienced attorney and executive with a background in both risk and compliance, she has been with Bank of America for two decades. Prior to being named Global Compliance executive in 2013, Mogensen was with the Legal Department since October 2009. She was Deputy General Counsel and Legal executive for several areas of the company, including Office of the Corporate Secretary, Global Human Resources, Global Marketing and Corporate Affairs, Chief Financial Officer Group, and Corporate Strategy and Development. Previous to that, she was Legal executive for Global Commercial Banking and Global Technology and Operations.
Mogensen also served for 10 months as the Chief Risk and Compliance Officer for Global Wealth and Investment Management (GWIM). From late August 2008 to January 2009, she served as Chief Financial Officer of GWIM. For the approximately two years previous to that, she was the Compliance and Risk Management executive for GWIM. From 2004-2006, she served as Deputy General Counsel for GWIM.
Mogensen first joined FleetBoston Financial in 2001 as Managing Director, Mergers & Acquisitions. In 2003, she was named Deputy General Counsel. Prior to joining FleetBoston, she advanced from associate to partner, member of the executive committee and co-head of the 120-person corporate department based in the Boston, MA, and Providence, RI, offices of the law firm Edwards & Angell, LLP (now Locke Lorde LLP). Her principal areas of practice were general corporate, securities and mergers and acquisitions.
Mogensen received a J.D. with honors from George Washington University Law School in Washington, D.C., in 1988, and her B.A. in Government with distinction from Colby College in Waterville, ME, in 1984.