Contract Negotiator

5 days ago

Chicago, Illinois, United States Bank of America Full time
Job Title: Contract Manager I

At Bank of America, we're committed to delivering exceptional client care and minimizing legal costs while protecting our risk position. As a Contract Manager I, you'll play a critical role in closing contractual negotiations with clients worldwide, reducing time to revenue, and ensuring compliance with regulatory requirements.

Key Responsibilities:
  • Apply 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 clients in the United States and Latin America.
  • 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.
Requirements:
  • Strong communicators who value giving and receiving feedback, can easily build relationships, and 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.
Preferred Qualifications:
  • 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.
Work Schedule:

1st shift (United States of America)

40 hours per week

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