Prime Brokerage Agreements Negotiator

Job Description:

Job Title: Prime Brokerage Agreements Negotiator

Corporate Title: Up to Director

Location: London

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. We do this by driving Responsible Growth and delivering for our clients, teammates, communities and shareholders every day.
 
Being a Great Place to Work is core to how we drive Responsible Growth. This includes our commitment to being an inclusive workplace, attracting and developing exceptional talent, supporting our teammates’ physical, emotional, and financial wellness, recognizing and rewarding performance, and how we make an impact in the communities we serve.
 
Bank of America is committed to an in-office culture with specific requirements for office-based attendance and which allows for an appropriate level of flexibility for our teammates and businesses based on role-specific considerations.
 
At Bank of America, you can build a successful career with opportunities to learn, grow, and make an impact. 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.

Roles Description

This role sits within Global Markets Agreements and Documentation and is responsible for managing the drafting, negotiation and execution of Prime Brokerage trading documentation on behalf of Bank of America entities. The role supports Prime Brokerage clients globally and plays a key part in enabling efficient client onboarding, supporting business growth and ensuring compliance with regulatory and internal standards.

The individual will act as a relationship manager for a portfolio of priority Prime Brokerage clients, serving as the primary point of contact for documentation negotiations across the Prime Brokerage agreement suite. The role requires close partnership with Sales, Onboarding, Trading, Credit, Legal and other internal stakeholders to ensure documentation accurately reflects agreed commercial and credit terms while meeting regulatory and policy requirements.

Key responsibilities. 

• Manage drafting and negotiation of Prime Brokerage (PB) trading agreements, including Prime Brokerage Agreements, Master Securities Lending Agreements, ISDA Master Agreements, including Credit Support Annexes, and related documentation, on behalf of various Bank of America entities with PB clients.

• Work closely with Sales and the Onboarding team to maximize the efficiency of the documentation onboarding of clients to the PB platform.

• Act as Relationship Manager for the suite of prime brokerage agreements for a portfolio of high priority clients, serving as the primary point of contact and coordinating the agreement negotiation process across products.

• Liaise with internal partners and marketers/traders to accurately reflect the necessary credit and business terms in the transactional suite while ensuring compliance with applicable laws and regulations and bank guidelines and policies.

• Update trading agreement and other systems of record.

• Work on regulatory and other special projects as and when required.

Required Qualifications

• Excellent communication, analytical and organizational skills.

• Ability to work independently while being part of a cohesive team.

• Highly self-motivated with the ability to prioritize and drive execution.

• Ability to exercise excellent judgment within defined parameters.

• Significant experience with hedge fund structures and the PB industry.

• Law degree preferred.

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.

• 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.

• Access to free counselling through the Employee Assistance Program and virtual GP services through our private health care plan.

• 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.