Legal Market Contract - Derivatives

Role & responsibilities

Job Summary

Markets Contracts specialises in negotiations of derivatives, REPO, and securities lending documentation (ISDA, GMRA, GMSLA) via multiple Client segments (Investment Managers, Investment Banks and Global Corporates) across the Global footprint of the Bank. The MC team operates in a highly regulated and time sensitive environment and ensures the foundational documentation, upon which the Bank can safely offer trading, across a whole variety of Financial Market products, is in place.

An MC negotiator is a critical role that underpins much of the Banks business. An ability to negotiate master trading documentation as efficiently as possible and within the Banks risk appetite is crucial. The MC team deliver work across multiple jurisdictions in support of multiple stakeholders and business segments. The work is high profile, sensitive, and often complex. The role works closely with the and Global Head of MC and provides a broad, holistic perspective of transaction management challenges and requirements across the organisation.

Responsibilities*

• Support the Head MC to deliver on the vision, strategy, direction for MC regionally, consistent with the vision and strategy for MC Global and in support of the Group's strategic direction and growth aspirations.
• Ensuring all ISDA, GMSLA, and GMRA documentation is in compliance with the terms and spirit of the relevant Bank policies and procedures (including Operational Risk).
• Working closely with and engaging with internal legal, tax, etc, teams where required.
• Drafting and negotiation of relevant documentation framework as outlined in policy and procedure in line with credit approvals.
• Reviewing and confirming all required documentation is in line with Client and Banks expectations, including procedure and policy requirements, relevant approvals for exceptions are recorded, etc.
• Maintenance of centralised work tracking tools to enable both Regional and Global executive overview of work status and progress.
• Pro-active efficient and timely escalation of emerging and or realised risks

Qualifications*

Training, licenses, memberships and certifications

• Minimum 2 years of relevant or transferable experience in the financial services sector, with 57 years of total work experience.
• Strong knowledge of master agreement documentation typically entered into by the Bank; including UMR/IM documentation.
• Strong understanding of legal risks associated with master agreement documentation.
• Experienced ISDA , GMRA, GMSLA negotiator, fluent in the credit support annexes and applicable regulations.
• Good level of knowledge of the Banking products and knowledge and understanding of the industry standard agreements (ISDA, GMRA, GMSLA).
• Good knowledge of the concept of minimum acceptance criteria and collateral verification requirements.
• Proven ability to work with stakeholders situated in other jurisdictions to negotiate master agreement documentation.
• Demonstrated ability to work in a fast-moving, demanding environment whilst maintaining high quality output, good analytical skills, risk-based approach and excellent attention to detail.
• Strong organisational and prioritising skills are essential.
• Strong team player with excellent communication skills in order to effectively liaise with and develop close working relationships with stakeholders and business partners, across various jurisdictions.
• Ability to quickly assimilate complex syndication and bilateral lending deals and product structures.
• Fluent English language both spoken and written additional languages will be an advantage.

Preferred candidate profile

Notice : Looking only for Immediate Joiners or 30 Days