Equities Legal – Equities Synthetics and Securities Lending

Job Description:

Job Title: Equities Legal – Equities Synthetics and Securities Lending

Location: London

Corporate Title: VP & 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 (including this open vacancy) covering Prime Brokerage, Equities Swaps and Securities Lending.  The Prime Services Legal team is a highly collaborative team with excellent working relationships.

• 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.

• Cumulatively the team has a vast amount of experience and are well placed to provide ongoing support and training, with senior members actively identifying development opportunities for more junior team members.

• More broadly, the Global Markets Legal team have an internal mentoring program, connecting senior leaders across the legal department with teammates across all regions.  In addition, the Global Markets Legal team have an external mentoring program with its key magic circle law firms, helping to develop and support diverse lawyers and in furtherance of a creating a legal profession which represents the diversity of our communities.

Responsibilities:

• Providing legal support to Agreements & Documentation and Confirmations groups relating to the negotiation of 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, e.g. equities swaps and securities lending.

• 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 lawyer

• Experience of investment banking either through private practice advisory work/secondment or in-house legal department

• Experienced in advising on 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

• 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

• 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 etc.

• Access to an emotional wellbeing helpline, mental health first aiders and virtual GP services.

• Access to an Employee Assistance Program for confidential support and help for everyday matters

• Ability to donate to charities of your choice directly through payroll and the bank will match your contribution

• Opportunity to access our Arts & Culture corporate membership program and receive discounted entry to some of the UK’s most iconic cultural institutions and exhibitions.

• Opportunity to give back to your community, develop new skills and work with new groups of people by volunteering in your local community.

Bank of America:

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, religion or belief, 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.