Bank Of America Attorney - Clearing & Fixed Income Derivatives 

United Kingdom, England, London 

349666193

Attorney – Clearing & Fixed Income Derivatives

Director & Assistant General Counsel

Responsibilities:

• The position provides legal representation and support for the EMEA Futures & OTC Clearing business, as well as covering general clearing-related issues, including:
• Legal advice to the Futures and OTC clearing business, collateral management, and other support partners on BAU issues as well as clearing projects.
• Coordinate and support attorneys who cover the Futures & OTC Clearing business in U.S. and APAC.
• Regulatory advice relating to regulations impacting clearing activities such as EMIR 3.0 and CASS rules.
• Legal advice in respect of the Bank’s risk to CCPs, covering issues such as clearing member liability, withdrawal rights, and CCP netting opinions.
• Provide netting advice as well as legal support on accounting and capital issues relating to clearing.
• Advise the business and the documentation group on negotiating customer agreements for Futures & OTC clearing and negotiate more complex agreements directly with clients.
• Coordinate with outside counsel on regulatory, enforcement, and general corporate matters relating to the clearing business.

Experience and Skills:

• Attorney must be licensed to practice in the appropriate jurisdiction(s).
• Should have strong experience in advising on futures and OTC clearing issues (either internally or as external counsel) on both the client clearing documentation front as well as a solid understand of key clearing house rules.
• General experience with uncleared interest rate swap or FX is desirable.
• An excellent attention to detail and accuracy in drafting is a key requirement.
• Ability to communicate clearly and persuasively, both verbally and in writing, and to adapt to a variety of audiences.

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.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements.