Agency Management Operations

Job Description:

Job Title: Agency Management – Team Lead

Corporate Title: VP

Location:  Bromley

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:

Join our bustling Bromley office, situated in one of London’s greenest boroughs. Here you will find plentiful and easy commuting routes, with central London just 15 minutes away by train.

The Team:

The Agency Management Team is responsible for performing the Facility and Security Agent roles on all EMEA Syndicated Credit Agreements where Bank of America entity is either the main Facility Agent or a Sub Agent. The team scope cuts across both syndication, export credit finance and leasing deals.

The team is an integral part of the Global Syndicated & Corporate Lending Operations for the Bank. 

Role Description:

This role is responsible for preparing and reviewing funding QA processes and documentation in accordance with bank policies and procedures. Key responsibilities include working on routine to more complex scenarios and supporting the Documentation and Fulfilment operations for EMEA Leasing business line.

Responsibilities:​

• Acting as the primary contact/coordinator for internal and external business partner and issuer requests and inquiries related to moderately complex syndicated or club credit facilities for which Bank of America acts as Administrative Agent.

• Supporting the Regional Ops Head and your team lead as one of the senior persons on the team, responsible for the day-to-day resolution of complex problems and the execution of complex transactions.

• Reviewing all credit agreements where we are agent in line with the Bank risk appetite and Loan Market Association agency provisions.  

• Responsible for communication and compliance with regulatory 
  requirements.

• Acting as first point of contact for clients of the business and lenders and liaising between business lines with particular focus on leverage finance partners and debt trading. 

• Working on routine to more complex documentation as 
  assigned and interfacing working with company vendors, legal counsel, line partners, and clients to ensure world-class documentation accuracy. 

• Reviewing loan agreement drafts for clarity, agency issues, and operational feasibility to ensure that final documents are workable for all parties; closing new deals, amendments, waivers, and consents.

• Proactively and strategically resolving complex issues related to portfolio

• Taking the role of a subject matter expert within the team.

What we are looking for:

• Advanced knowledge of credit products and syndication process and governing documents, including highly complex unsecured/secured credits and troubled deals.

• Experience with the Syndicated Loan environment and process

• Knowledge of GCB/GIB environment, organizational alignment, strategic priorities

• Cross Border and/or Multicurrency lending or operations experience

Skills that will help:

• Ability to coordinate with multiple stakeholders and conflicting priorities

• Ability to manage timelines, display sound judgment, and identify points for escalation;

• Collaborative, experienced in working with business partners to achieve goals and successfully complete projects;

• Previous agency management and/or document experience specific to the syndication loan market space.

• Experience of acting as a point of escalation.

• Loan IQ experience would be an advantage.

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 virtual tutoring 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

• Use of a flex fund to use towards benefits

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

• 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 programme and receive discounted entry to some of the UK and Ireland’s most iconic cultural institutions

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

Bank of America

Good conduct and sound judgment are 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 opportunity employer and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependents, 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.