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Bank Of America Contract Manager United States, North Carolina, Charlotte 4444421
Responsibilities include the following:
Apply experience, industry standards and knowledge of treasury management products, corporate formation documents, and Bank of America policies to address related credit, risk, compliance, legal, operational, and business issues with our clients in the United States and Latin America. The broader contract management team supports all GPS cash management business which includes trade services, card products, and deposit account control agreements.
Draft, negotiate, review and administer complex, high-value, multifaceted contracts, working closely with business stakeholders and external clients.
Facilitate communications among sales, implementation, product, operations, compliance, risk, credit officers, legal staff, and client managers to promptly resolve documentation issues.
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.
Conduct contract administration duties including contract request receipt, contract documentation, execution and record-keeping, ensuring the smooth flow of contract execution and administration.
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.
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.
Required Skills:
Strong communicators who value giving and receiving feedback, can easily build relationships and who are quick thinking, flexible and always learning and sharing knowledge
Broad knowledge of and comfort working with complex legal documentation (contracts)
Excellent analytical, verbal and written communications skills
Savvy negotiation skills, able to conduct negotiations effectively, balancing competing objectives to achieve optimal results
Strong project management and process skills, able to handle a full workload with tight deadlines and manage competing priorities
Demonstrate organizational and prioritization skills to manage numerous competing, complex documentation assignments.
Exercise sound judgment and independent decision-making, including knowing when to escalate contract matters and issues to managers and/or attorneys when appropriate.
Ability to maintain objectivity in balancing bank risk with client needs and satisfaction
Reliability, discretion and ability to handle sensitive information and maintain confidentiality
Desired Skills:
Undergraduate/graduate degree required with Juris Doctorate degree, paralegal/technical contract training or equivalent work experience preferred (minimum three years)
Previous financial services industry experience in corporate or commercial banking
Previous legal experience a plus
Knowledge of company legal structures, e.g., sole proprietorships, partnerships, limited partnerships, LLCs, corporations, trusts, etc.
Familiarity with transaction banking products
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