Bank Of America Contract Manager - Merchant Services 

United States, Illinois, Chicago 

128231474

Job Description Details:

Merchant Services contracts may include debit, credit and gift card processing agreements; payment gateway reseller agreements; healthcare gateway agreements; addenda and amendments; contract template review and updates; and new product commercialization

Responsibilities:

• Draft, negotiate, review and administer complex, high-value, multifaceted contracts, working closely with business stakeholders and external clients.

• 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 Qualifications:

• 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)

• Conduct negotiations effectively, balancing competing objectives to achieve optimal results

• Handle a full workload with tight deadlines and manage competing priorities

• 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.

• Maintain objectivity in balancing bank risk with client needs and satisfaction

• Reliability, discretion and ability to handle sensitive information and maintain confidentiality

Desired Qualifications:

• Financial services industry experience

• Legal experience a plus

• Company legal structures, e.g., sole proprietorships, partnerships, limited partnerships, LLCs, corporations, trusts, etc. knowledge

• Payment processing platforms, products and services pertaining to completion of contracts knowledge

Undergraduate/graduate degree required with Juris Doctorate degree, paralegal/technical contract training or equivalent work experience preferred (minimum three years)

Skills:

• Analytical Skills

• Verbal Communication Skills

• Written Communications Skills

• Negotiation Skills

• Project Management Skills

• Processing Skills

• Organizational Skills

• Prioritization Skills

1st shift (United States of America)