Vice President, NAFMII Negotiator, Global Markets COO recruitment
Overview
Bank of America is one of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk-management products and services. The company provides unmatched convenience in the United States , serving more than 59 million consumer and small business relationships with more than 6,100 retail banking offices, nearly 18,700 ATMs and award-winning online banking with nearly 29 million active users. Following the acquisition of Merrill Lynch on January 1, 2009 , Bank of America is among the world's leading wealth management companies and is a global leader in corporate and investment banking and trading across a broad range of asset classes serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to more than 4 million small business owners through a suite of innovative, easy-to-use online products and services. The company serves clients in more than 150 countries. Bank of America Corporation stock is a component of the Dow Jones Industrial Average and is listed on the New York Stock Exchange.
Responsibilities
- Candidate will form part of the CID APR management team, with responsibility for preparing and negotiating ISDA Master Agreement and/or the China Inter-Bank Market Financial Derivatives Master Agreement (NAFMII) and any related credit support arrangements and master confirmation agreements relating to such master agreements.
- Candidate will be expected to review and analyse supporting legal documentation to determine capacity and authority to purchase specific issuances or engage in Over The-Counter (OTC) traded derivative products, among others such as swaps, options synthetic futures on underlying equity, credit, currency and fixed income instruments /assets.
- Identification and facilitation of business, credit, treasury, legal, tax and policy issues by coordinating communications among line of business management, trading, sales, credit officers, collateral management, tax department, counsel (in-house and external) and client representative ("internal partners").
- Developing and maintaining client and service provider relationships with internal partners, and to provide superior service by understanding and meeting their needs and requirements.
- Liaising and coordinating inputs with internal partners and marketers/traders to resolve significant issues and to reflect accurately the necessary credit and business terms of the relationship whilst conforming to Bank guidelines and policies.
- Effectively managing the master agreements process flow, to ensure that the master agreements are efficiently prepared, negotiated and within the expected business timeframe.
- Identifying and elevating, as appropriated, significant legal and regulatory issues and non-conforming or non-standard terms/ provisions from our firm's standard templates to legal and working alongside with internal partners to resolve outstanding points in the master agreements' negotiation.
- Involvement in special projects as and when required.
Requirements
- Proficiency in both English and Mandarin.
- Experienced in drafting and negotiating master agreements particularly the NAFMII is a plus.
- Experience with securities lending and repurchase transactions is a plus.
- Ability to exercise judgment within defined parameters.
- Excellent communication, analytical and organisational skills.
- Be able to work both independently and as an integral part of the team.
- Highly self-motivated and ability to prioritise workload.
- Legally qualified with 3 - 5 years of related experience.