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.
The Contract Manager serves as an internal “business consultant” regarding all contract matters and performs the most complex work associated with client contracting services for the organisation.
Responsibilities:
- Apply experience, 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 our clients primarily in the APAC region but may be Global.
- 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 organisational 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.
Requirements:
- 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).
- Excellent analytical, verbal and written communications skills in English and Chinese.
- 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 organisational and prioritisation 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.
- An undergraduate or graduate degree is required.
- Previous experience in the financial services industry, corporate or commercial banking, or a commercial or corporate law firm.