Director; Reg Doc Manager
New York, New York
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Job Description:
At Bank of America, we are guided by a common purpose to help make financial lives better through the power of every connection. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates' physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. Join us!
Responsibilities
Serve as subject matter expert over OTC Derivatives documentation for LatAM clients across all different client segments including Hedge Funds, and Corporations.
Develop and train professional staff involved in the review, preparation and negotiation of master agreements for derivatives, foreign exchange and treasury management products.
Participate in negotiations involving priority clients or particularly complex issues.
Use substantive legal expertise and knowledge to resolve complex issues during the negotiation process of OTC Derivative documentation including issues related to Collateral requirements, events of default against the clients, regulatory language and requirements, etc.
Coordinate with administrative staff responsible for various functions supporting the negotiation process, including secretarial, general administrative, file control and file audit activities.
Support the drafting, review, negotiation, execution, and system profiling of ISDA/CSA agreements and LatAm local law derivatives contracts, including CGD and CMOF, while coordinating with stakeholders to ensure compliance and proper recording of related guaranties.
Conduct complex and sensitive negotiations for high profile clients in different segments including corporates, financial institutions and hedge funds.
Use knowledge of banking and financial services regulation in a remediation @context, including in Latin America in order to negotiate documentation by explaining regulatory implications to clients and stakeholders and to ensure documentation is in compliance with applicable regulations.
Use knowledge of netting and collateral enforceability requirements in LatAM and globally to ensure favorable netting and collateral treatment for exposures and collateral associated with derivatives trading.
Remote work may be permitted within a commutable distance from the worksite.
Required Skills & Experience
Bachelor's degree or equivalent in Business Administration, Finance, Economics, Legal Studies, or related: and
5 years of progressively responsible experience in the job offered or a related Finance occupation.
Must include 5 years of progressively responsible experience in each of the following:
Supporting the drafting, review, negotiation, execution, and system profiling of ISDA/CSA agreements and LatAm local law derivatives contracts, including CGD and CMOF, while coordinating with stakeholders to ensure compliance and proper recording of related guaranties;
Conducting complex and sensitive negotiations for high profile clients in different segments including corporates, financial institutions and hedge funds;
Knowledge of banking and financial services regulation in are mediation @context, including in Latin America in order to negotiate documentation by explaining regulatory implications to clients and stakeholders and to ensure documentation is incompliance with applicable regulations;
Using knowledge of netting and collateral enforceability requirements in LatAM and globally to ensure favorable netting and collateral treatment for exposures and collateral associated with derivatives trading.
BofA Securities, Inc.
Shift:
1st shift (United States of America)
Hours Per Week:
40
Bank of America and its affiliates consider for employment and hire qualified candidates without regard to race, religious creed, religion, color, sex, sexual orientation, genetic information, gender, gender identity, gender expression, age, national origin, ancestry, citizenship, protected veteran or disability status or any factor prohibited by law, and as such affirms in policy and practice to support and promote the concept of equal employment opportunity, in accordance with all applicable federal, state, provincial and municipal laws. The company also prohibits discrimination on other bases such as medical condition, marital status or any other factor that is irrelevant to the performance of our teammates.
View your "Know your Rights (https://www.eeoc.gov/sites/default/files/2023-06/22-088\EEOC\KnowYourRights6.12.pdf) " poster.
View the LA County Fair Chance Ordinance (https://dcba.lacounty.gov/wp-content/uploads/2024/08/FCOE-Official-Notice-Eng-Final-8.30.2024.pdf) .
Bank of America aims to create a workplace free from the dangers and resulting consequences of illegal and illicit drug use and alcohol abuse. Our Drug-Free Workplace and Alcohol Policy ("Policy") establishes requirements to prevent the presence or use of illegal or illicit drugs or unauthorized alcohol on Bank of America premises and to provide a safe work environment.
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations. Should you be offered a role with Bank of America, your hiring manager will provide you with information on the in-office expectations associated with your role. These expectations are subject to change at any time and at the sole discretion of the Company. To the extent you have a disability or sincerely held religious belief for which you believe you need a reasonable accommodation from this requirement, you must seek an accommodation through the Bank's required accommodation request process before your first day of work.
This communication provides information about certain Bank of America benefits. Receipt of this document does not automatically entitle you to benefits offered by Bank of America. Every effort has been made to ensure the accuracy of this communication. However, if there are discrepancies between this communication and the official plan documents, the plan documents will always govern. Bank of America retains the discretion to interpret the terms or language used in any of its communications according to the provisions contained in the plan documents. Bank of America also reserves the right to amend or terminate any benefit plan in its sole discretion at any time for any reason.
