Job Description:
Company Overview:
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.
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Location Overview:
Our London office is based just a stone's throw from the magnificent St. Paul's Cathedral on bustling King Edward Street. Here you'll find modern workspaces and a state-of-the-art auditorium space. In addition, we're proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.
The Team :
A high performing global team operating out of US, EMEA and APAC.
The EMEA team negotiates agreements across the full range of Traded products, dealing with a wide range of external customers and internal stakeholders.
Role Description:
Responsible for drafting, negotiating, and executing various master trading clearing documentation in support of the Bank of America's Prime Services, Exchange Traded Derivatives, and OTC Clearing businesses. Negotiation of master trading documentation for the firm's Markets business. Operating in line with the Bank's risk policies, negotiation guides and escalation matrices. The Bank offers market access to exchanges around the world to its global client base.
Responsibilities:
Focus will be on serving UK and European clients through Merrill Lynch International and our local European subsidiary based in Paris, BofA Securities Europe SA.
As part of the EMEA Agreements and Documentation team you will be client facing, acting as the intermediary between the internal stakeholders (legal, credit, tax and risk teams) to incorporate the client's particular requirements, working in line with the Bank's risk appetite, into customized trading documentation.
The Bank uses the FIA Terms of Business as well as the ISDA Master Agreement and OTC addendum. The Terms of Business provide a modular structure allowing document to document customized client relationships, including adding bespoke netting provisions based on recommendations from the industry netting opinions. The English terms have been drafted with a principal-to-principal clearing model in mind but there may be opportunities to negotiate US clearing documentation using the US FCM agency clearing model. The negotiator will be requested to attend sales pitches to clients for clearing. Assist in regulatory projects and the wider trading agreement negotiation process, although the focus is very much on supporting the clearing desk's business
What we are looking for:
A qualified Lawyer with previous experience of Futures and Clearing.
Excellent communication and organisational skills
Skills that will help:
Highly self-motivated and ability to prioritise/drive for execution.
Ability to exercise judgment within defined parameters.
Benefits of working at Bank of America:
UK
• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness etc.
• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.
• Access to an Employee Assistance Program for confidential support and help for everyday matters
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK's most iconic cultural institutions and exhibitions.
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.
Bank of America:
Good conduct and sound judgment is crucial to our long term success. It's important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.
We are an equal opportunities employer and ensure that no applicant is subject to less favourable treatment on the grounds of sex, gender identity or gender reassignment, marital or civil partner status, race, religion or belief, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.
We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.