Job Description:

Job Title: Attorney - Global Banking & Global Markets

Location: London

Corporate Title: Senior Vice President & Assistant General Counsel

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 organization.

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!

Location Overview:

Our London office is based just a stone’s throw from the magnificent St. Paul’s Cathedral on bustling King Edward Street. Here you’ll find modern workspaces and a state-of-the-art auditorium space. In addition, we’re proud to host an onsite restaurant that shares our commitment to sustainability by providing delicious seasonal menus which have been created with the planet in mind. Make sure to take time for yourself and head up to our rooftop terrace and take in the spectacular views across London. Finally, your physical wellness is well-catered for with our onsite gym facilities and medical centre.

The Team:

EMEA Equities Legal is a team of 33 lawyers, with FTE located in London and Paris.  Prime Services Legal is a sub-set of this team comprised of 7 lawyers, including a Managing Director, 2 Directors and 4 VPs covering Prime Brokerage, Equities Swaps and Securities Lending.  The Prime Services Legal team is a highly collaborative team with excellent working relationships.  This is a London based role.

The team works closely with the Prime Services, Equities Swaps and Securities Lending businesses, as their trusted advisors who work in partnership with the line of business in furtherance of achieving its goals.

Responsibilities:

• Providing legal support to Agreements & Documentation and Confirmations groups relating to the negotiation of prime brokerage, equities swap and securities lending documentation.
• Review and negotiation of third party security arrangements, term margin agreements and other bespoke documentation.
• Provide legal advice to related areas
• Creation and maintenance of product templates, guidelines and legal documentation summaries
• Involvement with related due diligence projects and other reviews, including those related to compliance with existing and forthcoming legislation and regulations, for e.g. CSDR, SFTR, UMR, MiFID II, IBOR implementation, EU BMR.
• Liaising with external counsel in the development of new products and regulatory compliance.
• Advise on development of new products and structures in the securities lending and equities swaps areas.
• Close engagement with Business and other key stakeholders (Compliance, Tax, Risk, Credit)

What we are looking for:

• Qualified solicitor.
• Experience of investment banking either through private practice advisory work/secondment or in-house legal department
• Experienced in advising on prime brokerage, securities lending and equity derivative transactions.
• Thorough understanding of collateral and security arrangements
• Transactional and deal experience
• Excellent attention to detail and accuracy of work
• Proactive and able to manage competing priorities/tight deadlines

Benefits of working at Bank of America:

UK

• At Bank of America, we strive to prioritise employees’ health and wellbeing – it’s what makes us a Great Place to Work.
• Private healthcare for you and your family plus an annual health screen to help you manage your physical wellness with the option to purchase a screen for your partner
• Competitive pension plan, life assurance and group income protection cover if you become unable to work as a result of a disability or health reasons
• We offer 26-weeks paid maternity leave, 16-weeks paid paternity leave and inclusive family leave arrangements for working parents and carers including 20 days of back-up childcare including access to school holiday clubs and 20 days of back-up adult care per annum 
• The ability to change your core benefits as well as the option of selecting a variety of flexible benefits to suit your personal circumstances including access to a wellbeing account, travel insurance, critical illness, cycle to work etc.
• Use of a flex fund to use towards benefits
• Access to an emotional wellbeing helpline, and virtual GP services
• Access to the Peppy App which provides 1:1 support, consultations and resources relating to men’s health, women’s health, fertility, menopause and pregnancy & parenthood
• Access to a range of gyms, exercise classes and wellbeing Apps through Wellhub, including Headspace and Calm
• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution
• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local area

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 mind-set 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 sex, gender identity or gender reassignment, marital or civil partner status, race, religious or similar philosophical belief, political opinion, colour, nationality, ethnic or national origins, age, sexual orientation, pregnancy or maternity, socio-economic background, responsibility for dependants or 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.