Contract negotiator Jobs in Detroit, MI

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 organisation.

Working at Bank of America will give you a great career with opportunities to learn, grow and make an impact, along with the power to make a difference. Join us!

Role Description

An exciting opportunity to join the Contract Management team sitting within the Global Payment Services (GPS) line of business. The team currently consists of 40+ Contract Managers across EMEA, APAC, and the US with key focuses for providing support on the negotiation of GPS contracts with clients in minimizing risk exposure to the Bank; maximizing the client experience; minimizing cost; minimizing cycle times and improving time to revenue; providing industry-leading document, negotiation, and advisory support to GPS clients; and documentation simplification and digitization.

You will be an integral part of the team working closely with a variety of colleagues across the business. This role is your opportunity to expand and strengthen your legal knowledge, refine your negotiation skills, have visibility of the evolving regulatory banking environment, express your passion and share ideas, understand innovative approaches to transaction banking, with an appealing prospect of professional growth within Bank of America and the banking industry.

Responsibilities

You will be responsible for preparing, reviewing, and negotiating various agreements with a focus on account opening, payments, collections, liquidity, multibank, channels, banknote, and other treasury products and services, but also with the option to work on other GPS contracts.

Negotiating Non-Disclosure Agreements (NDAs) and reviewing Requests for Proposals (RFPs) for Non-Standard contractual issues.

Addressing related credit, risk compliance, legal, operational, and business issues by applying experience, industry standards, and knowledge of account documentation, cash management, banking / finance products, and Bank of America policies.

Coordinating and facilitating communication between various stakeholders and clients to promptly resolve documentation issues.

Organizing and prioritizing a large number of competing, complex documentation assignments to meet customer needs within short timeframes will be key to your success.

Facilitating communications among sales, implementation, product, operations, compliance, operational risk, credit risk, legal, and client managers to promptly resolve documentation issues.

Managing projects within and outside the Contract Management team with an aim to streamline documentation and improve client experience.

Advising and educating internal associates about documentation standards and options, policies, and procedures.

Requirements

At least 8 years’ experience drafting / negotiating various legal contracts and NDAs, and experience in conducting negotiation effectively in a customer-facing role, preferably within the banking and finance industry.

Ability to maintain objectivity in identifying critical legal issues, weighing risks, and balancing competing objectives of bank risk with client needs and satisfaction to achieve optimal results.

A Bachelor’s degree or equivalent in Law and legal background / experience as a qualified Lawyer or paralegal.

Excellent analytical, verbal, and written communication skills, comfortable representing the bank in communications with associates, clients, and internal / external counsel at all levels of management.

Broad understanding of treasury 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 our business partners and external customers.

Understanding of regulatory and compliance requirements in APAC.

Excellent project management, organizational, and process skills, able to handle a full workload with tight deadlines and 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.

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 mindset 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 gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, 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.

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