Assistant General Counsel

  • Competitive
  • London, England, United Kingdom London England GB
  • Permanent, Full time
  • Bank of America Merrill Lynch
  • 25 Apr 18 2018-04-25

Assistant General Counsel

Job Description:
Corporate Title: Director
Location: London
Line of Business: Legal

Here in our London office we are looking for an Assistant General Counsel to join our EMEA Global Treasury Services team.

The EMEA Global Treasury Services (GTS) Legal group is responsible for legal work emanating out of the corporate cash/treasury management and trade finance businesses within the GTS group in EMEA, operating across multiple jurisdictions.

The relevant EMEA client base is made up of corporates, financial institutions and non-bank financial institutions The primary purpose is to provide first class, responsive legal advice to the EMEA GTS cash and treasury management and trade finance businesses, with a key focus on helping them achieve their business objectives with an appropriate risk/reward balance.

The role will involve supporting one of the most successful businesses at the Bank; EMEA GTS has a high profile within the Bank and has ambitious plans; the work is very varied, making for an interesting and stimulating workload, including involving working on live transactions, negotiating client contracts, and working with the product group in developing/expanding client products/initiatives.

The Legal Department is cohesive, evidenced by long-serving members; you will be joining an existing team of 3 which will give scope for exposure to the business and a wide variety of matters and issues.

As you develop within the role, and become familiar with existing GTS products and services, there will be scope for growth, including taking on responsibility for projects and initiatives, involvement with other line of business lawyers in cross-functional projects/matter and additional responsibilities.

We can offer a very stimulating and interesting role and workload, supporting a dynamic and revenue-growing business. The GTS Legal team is part of a much larger and cohesive Legal Department.

As an Assistant General Counsel your main responsibilities will involve:

Cash/Treasury Management
Responsibilities will include supporting our cash and treasury management business, including in relation to existing and new product initiatives, offerings and services, regulatory issues arising out of the provision of global/pan-European payment and treasury services; related credit support documentation e.g. parental guarantees. Other responsibilities include:

  • Advising on client negotiations of standard global and local client contracts, including account and electronic services documentation and liquidity contracts, including notional account netting, physical cash concentration (sweeping) and interest optimisation arrangements
  • Reviewing, updating and drafting relevant contractual documentation for GTS services
  • Dealing with queries from the business, including Product, Contract Management, Treasury Sales Officers, Fulfilment (including client services) and Operations on a range of product, client, payment and operational related issues
  • New product initiatives for funds related services

Trade Finance
  • Advising in respect of often complex multi-jurisdictional trade finance transactions (e.g. receivables financing and structured trade facilities)
  • Client negotiations
  • Managing multi-jurisdictional due diligence reviews in relation to geographical product expansion and transactions
  • Preparing GTS template contractual/transactional documentation for trade finance transactions

  • Working closely with other internal lawyers, including regulatory and credit lawyers, compliance and other partners
  • Reviewing and advising on publications and other communications for internal and external use
  • Engaging and managing outside counsel, as necessary
  • Liaising with the litigation group as needed to address and manage disputes and litigation matters and related risks
  • Acting as strategic partner to the business
  • Providing general legal support to the business, including the procurement of appropriate regulatory advice
  • Supporting business project initiatives
  • Sharing know-how with other members of the EMEA legal team
  • Providing sophisticated and practical advice to the business

As an Assistant General Counsel your skills and qualifications will ideally include:

Essential Skills
  • English qualified solicitor (or equivalent)
  • Detailed knowledge of cash and treasury management services or trade finance
  • Ability to provide business-focused legal advice and communicate clearly
  • Ability to quickly understand and work on a wide variety of matters to demanding deadlines
  • Excellent negotiation and organisational skills

Nice to have
  • Some experience with US regulation (e.g. Regulation W (Affiliate Transactions); OFAC)

About Bank of America Merrill Lynch

Bank of America is one of the world's leading financial institutions, serving individual consumers, small- and middle-market businesses, large corporations and governments with a full range of financial and risk management products and services. Bank of America Merrill Lynch is the marketing name for the global banking and markets businesses.

The company has had a presence in EMEA since 1922. With offices in 23 countries on three continents, it offers an integrated and comprehensive set of products and services across Global Corporate and Investment Banking, Global Markets and Consumer Card, serving the needs of individual, corporate, institutional and government clients, combining the best of local knowledge and global expertise. Developing solutions for social and environmental challenges is at the core of Bank of America Merrill Lynch's responsibility platform. In more than 90 countries around the world, we partner with employees, clients and stakeholders to help make financial lives better.


If you're interested in this opportunity please send your details to us by applying online.

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As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.