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Bank of America Trade Finance Attorney in Boston, Massachusetts

Trade Finance Attorney

NEW YORK, New York;Charlotte, North Carolina; San Francisco, California; Los Angeles, California; Boston, Massachusetts

Job Description:

JOB DESCRIPTION:

This position provides legal support for Bank of America’s Global Trade and Supply Chain Finance business unit with respect to a broad range of trade products and services provided to multinational, large corporate and other commercial customers to help them meet their trade needs. The attorney supports Global Trade and Supply Chain Finance Sales, Product, Operations and Contract Management teams, as well as their marketing and other partners, with a key focus on helping them achieve their business objectives with an appropriate risk/reward balance.

Key Responsibilities:

Provide legal support for a host of U.S. and global trade products and services, including receivables finance generally and supply chain finance specifically, export and agency finance, trade loans, traditional trade products (primarily letters of credit) and risk participation agreements, as well as digital initiatives. Work with regional trade lawyers supporting products and initiatives in their respective regions and coordinate with outside counsel as required to manage global and regional matters, including conducting global and regional due diligence projects.

Provide thorough, accurate, timely and practical legal advice with an appropriate risk/reward balance on all applicable issues, including with respect to deal execution, new product development, product support, operational matters and marketing communications.

Facilitate product development and implementation by providing advice on innovative trade technologies, such as blockchain, in conjunction with industry groups where appropriate.

Draft and negotiate contracts, working closely with Contract Management colleagues on contract issues.

Provide legal support with respect to legal and regulatory issues. Participate in the resolution of troubled credits and disputed matters.

Partner with others in Legal, Risk and Compliance in order to ensure that issues are appropriately vetted and addressed. Identify and escalate risk issues to appropriate senior personnel, and advise clients when non-standard approvals need to be obtained before proceeding with an initiative.

REQUIRED SKILLS AND EXPERIENCE:

  • 7-12 years of law firm and/or internal counsel experience supporting the financial services industry, including experience with corporate finance generally and/or trade finance specifically.

  • Experience with receivables finance and supply chain finance (or, alternatively, secured lending or securitization) and UCC Articles 3 and 9.

  • Experience with export and agency finance (export credit agency supported credit facilities).

  • Experience with all aspects of letters of credit (issuing, confirming, advising and discounting), ISP98, UCP600 and UCC Article 5, and traditional trade products especially helpful.

  • Experience with bilateral or syndicated credit agreements and risk participation agreements.

  • Experience with cross border issues (conducting diligence and executing deals).

  • Strong negotiation and organizational skills.

  • The ability to communicate clearly, both verbally and in writing, at all levels within the organization, including being able to make and communicate difficult decisions to appropriate personnel in the organization.

  • Strong work ethic and self-initiative, with the ability to manage a high volume of work in a fast-paced and changing environment.

  • The ability to effectively balance risk and reward and to be a strategic partner with clients to help them achieve their business objectives with an appropriate risk/reward balance.

  • Strong interpersonal skills with the ability to work well as part of a team with other lawyers, clients, Risk, Compliance, Contract Management and other partners.

  • Juris Doctor from an ABA accredited institution.

  • Admitted to State Bar in good standing.

Job Band:

H4

Shift:

1st shift (United States of America)

Hours Per Week:

40

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

JOB DESCRIPTION:

This position provides legal support for Bank of America’s Global Trade and Supply Chain Finance business unit with respect to a broad range of trade products and services provided to multinational, large corporate and other commercial customers to help them meet their trade needs. The attorney supports Global Trade and Supply Chain Finance Sales, Product, Operations and Contract Management teams, as well as their marketing and other partners, with a key focus on helping them achieve their business objectives with an appropriate risk/reward balance.

Key Responsibilities:

Provide legal support for a host of U.S. and global trade products and services, including receivables finance generally and supply chain finance specifically, export and agency finance, trade loans, traditional trade products (primarily letters of credit) and risk participation agreements, as well as digital initiatives. Work with regional trade lawyers supporting products and initiatives in their respective regions and coordinate with outside counsel as required to manage global and regional matters, including conducting global and regional due diligence projects.

Provide thorough, accurate, timely and practical legal advice with an appropriate risk/reward balance on all applicable issues, including with respect to deal execution, new product development, product support, operational matters and marketing communications.

Facilitate product development and implementation by providing advice on innovative trade technologies, such as blockchain, in conjunction with industry groups where appropriate.

Draft and negotiate contracts, working closely with Contract Management colleagues on contract issues.

Provide legal support with respect to legal and regulatory issues. Participate in the resolution of troubled credits and disputed matters.

Partner with others in Legal, Risk and Compliance in order to ensure that issues are appropriately vetted and addressed. Identify and escalate risk issues to appropriate senior personnel, and advise clients when non-standard approvals need to be obtained before proceeding with an initiative.

REQUIRED SKILLS AND EXPERIENCE:

  • 7-12 years of law firm and/or internal counsel experience supporting the financial services industry, including experience with corporate finance generally and/or trade finance specifically.

  • Experience with receivables finance and supply chain finance (or, alternatively, secured lending or securitization) and UCC Articles 3 and 9.

  • Experience with export and agency finance (export credit agency supported credit facilities).

  • Experience with all aspects of letters of credit (issuing, confirming, advising and discounting), ISP98, UCP600 and UCC Article 5, and traditional trade products especially helpful.

  • Experience with bilateral or syndicated credit agreements and risk participation agreements.

  • Experience with cross border issues (conducting diligence and executing deals).

  • Strong negotiation and organizational skills.

  • The ability to communicate clearly, both verbally and in writing, at all levels within the organization, including being able to make and communicate difficult decisions to appropriate personnel in the organization.

  • Strong work ethic and self-initiative, with the ability to manage a high volume of work in a fast-paced and changing environment.

  • The ability to effectively balance risk and reward and to be a strategic partner with clients to help them achieve their business objectives with an appropriate risk/reward balance.

  • Strong interpersonal skills with the ability to work well as part of a team with other lawyers, clients, Risk, Compliance, Contract Management and other partners.

  • Juris Doctor from an ABA accredited institution.

  • Admitted to State Bar in good standing.

Shift:

1st shift (United States of America)

Hours Per Week:

40

Learn more about this role

Full time

JR-22077924

Band: H4

Manages People: No

Travel: No

Manager:

Talent Acquisition Contact:

Jeri Risin

Referral Bonus:

0

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 and affirmative action, 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.

To view the "EEO is the Law" poster, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/eeopost.pdf) .

To view the "EEO is the Law" Supplement, CLICK HERE (https://www.dol.gov/ofccp/regs/compliance/posters/pdf/OFCCP_EEO_Supplement_Final_JRF_QA_508c.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.

To view Bank of America’s Drug-free workplace and alcohol policy, CLICK HERE .

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