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ISDA Negotiator
Ref No.: 18-03686
Location: New York, New York
Position Type:Direct Placement
Pay Rate : $ 150,000.00 - 150,000.00 /Hour
Our client is seeking an exceptional individual to join its legal team to negotiate derivatives (and related) documentation and assist in regulatory compliance and internal legal asset management in connection with the Firm's derivatives trading activities. This position will involve drafting derivatives trading documentation (e.g., master agreements, trade confirmations and ancillary documentation), negotiating the same with the Firm's counterparties and liaising with portfolio managers, risk management, legal and compliance colleagues.
 The successful candidate will take a hands-on approach to a wide variety of legal tasks related to derivatives trading, including facilitating Dodd-Frank and EMIR compliance, coordinating account onboarding with operations teams, maintaining excellent records and keeping track of the documentation pipeline. This position presents an opportunity to work in a fast-paced environment on challenging business matters in a collaborative team with deep derivatives industry knowledge.
The position is located in the firm's New York Office.  
 
Specific Responsibilities Include
  • Draft and negotiate derivatives trading documentation, including without limitation, master agreements, trade confirmations and side letters.
  • Participate in negotiation calls with Firm counterparties, clearly communicate Firm positions and advocate on behalf of the same and relay open issues to the legal team.
  • Ensure that trading documentation is accurately and timely reflected in Firm databases, and liaise with legal technology team, IT and central information teams regarding the same
  • Maintain status of all ongoing negotiations on a counterparty-by-counterparty basis
  • Assist in the development and implementation of Firm-approved template documentation for various derivatives (and related products)
 
Skills & Experience Required
  • Bachelor's degree
  • 3-5 years of experience drafting and negotiating derivatives documentation at a law firm or in-house at a sell-side institution
  • Must have working knowledge of key master agreements (ISDA Master/Schedule/CSA, MRA, GMRA, MSLA, CUA, MSFTA, CDEA, delegated reporting agreement, etc.)
  • Should be familiar with basic economics of forwards, options and swaps in various asset classes including credit, rates, foreign exchange, commodities and equity
  • Must have some experience with ISDA trade confirmations and ISDA definitional booklets
  • Basic knowledge of Dodd-Frank/EMIR protocols, protocol adherence process and market practice for KYC/onboarding/questionnaire matching (e.g., Client Markit Counterparty Manager)
  • Willingness to learn and take ownership of a wide variety of derivatives (and related) matters
  • Strong problem solving skills and a demonstrated ability to take initiative, work independently and critically analyze various issues
  • Timely and succinct communication and diplomacy with internal and external stakeholders
  • The ideal candidate must be practical and possess sound judgment and self-confidence
  • Innovative, proactive & solutions-oriented
  • A resilient self starter with good people skills, an affable personality and the ability to work well with many different personalities
  • Able to adapt quickly and appropriately in accordance with the constant evolution of the company and industry