Prepares, reviewsnegotiates agreements including master agreements and supporting documentation for account opening, treasury management,
Contract Manger is also responsible for managing the repository of standard 400+ trade templates and keeping those trade templates secure, consistent and while overseeing updates and amendments and for managing projects within & outside Contract Management team with an aim to streamline documentation and improve client experience
while making ensuring compliance with the requirements of the operational risk framework and contractual risk appetite of Bank of America.
In particular Contract manager will
- Act always with high integrity and ethic and within the risk framework of the Bank
- Perform analytic, legal and business reviews of contractual language in contracts, schedules and amendments and develop general, special and operational provisions in contracts to ensure maximum benefit to the company and to limit risk.
- Apply strong verbal and written communications skills to represent Bank of America in negotiations and communications with clients, stakeholders and internal/external counsel at all levels of management.
- Develop strategies to resolve and manage potential problems on major contracts to effectively meet organizational goals and objectives.
- Assess and advise business personnel of contractual issues and business risks associated with contracts to eliminate unnecessary liability, ensure compliance and reduce legal entanglements.
- Maintain objectivity in identifying legal/risk issues, weighing risks and balancing competing objectives of bank risks with client needs and satisfaction to achieve optimal results by escalating material risks to senior leadership team.
- Serve as an expert resource, reinforcing, advising and instructing company personnel on corporate policy, compliance and legal requirements, documentation standards and options and procedures related to developing contractual arrangements.
Requirements:
- Undergraduate/graduate degree required with Juris Doctorate degree, paralegal/technical contract training or equivalent work experience preferred (minimum five years)
- Previous banking and financial services industry experience
- Previous legal background/experience as a qualified lawyer a plus
- Negotiate various banking contracts & NDAs. And experience in conducting negotiation effectively in a customer facing role
- Broad understanding of trade finance products and strong knowledge of corporate documentation, legal terminology and legal structure of various companies.
- Ability to develop effective and positive client relationships, adapting to changing needs of internal stakeholders and external customers.
Desired Skills:
- Understanding of regulatory and compliance requirements across the regions.
- Strong attention to detail.
- An independent leader who is a collaborative and proactive team player that is able to influence and is a solution driven strategic forward thinker with a ‘can-do’ attitude.
- Knowledge of company legal structures, e.g., sole proprietorships, partnerships, limited partnerships, LLCs, corporations, trusts, etc.
1st shift (United States of America)