Assistant Vice President - Derivatives Document...

Description:

Business Overview:
The Global Markets Americas (CCFR), Legal team covers various transactional, documentation and regulatory matters relating to trading in CCFR Products, including derivatives documentation for institutional and corporate clients and FX Prime Brokerage business.

Candidate Success Factors:
Candidates to be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

• Results and Impact
• Impacts division and influences peers and team
• Demonstrates good judgement when making decisions of high complexity and impact
• Relies on limited guidance for most complex decision making
• Is responsible for driving outcomes which have meaningful effect on team or department
• Leadership and Collaboration
• Creates trust with department leaders
• Acts in leadership capacity for large projects, processes, or programs for a team
• Client, Customer and Stakeholder Focus
• Able to build relationships with a mix of intermediate and senior colleagues or clients
• Interacts regularly with management and department leaders
• Demonstrates the ability to persuade and influence stakeholders at the team level
• Compliance Culture and Conduct
• Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts
• Perceived as a person of high moral character; upholds corporate values and displays high ethical standards

Responsibilities:

• Provide coverage for FX Prime Brokerage (“FXPB”) Business, including participation in development of new offerings and negotiation of various FXPB Agreements, Give Up Agreements, Electronic Trading Agreements and similar documentation;
• Review and negotiate derivatives documentation including ISDA Master Agreements (“ISDAs”) and Credit Support Annexes (“CSAs”), Global Master Repurchase Agreements (“GMRAs”), Master Repurchase Agreements (“MRAs”), Master Securities Forwards Transaction Agreements (“MSFTAs”) with various margining mechanisms for different types of clients (corporates, government agencies, banking and financial institutions etc.) for several BNPP entities (An Investment and Retail Banking Services Company, BNP Securities Corp. and BNPP Asset Management);
  
• Review and analyze Credit Agreements, Security Agreements and related financing documentation to determine hedging requirements and restrictions, confirm treatment of hedging counterparties vis-à-vis other secured and unsecured creditors and reflect appropriate cross-default and termination provisions in ISDAs / CSAs;
  
• Review and negotiate ancillary documents including Guarantees, Confidentiality Agreements, Account Control Agreements, Custodial Undertaking Agreements and related documentation;
  
• Review and analysis of netting opinions in various jurisdictions;
  
• Handle transactional work for Commodities, Credit, FX and Rates product area, including review and negotiation of various bespoke deal documentation;
  
• Address various documentation-related inquiries from internal stakeholders and clients;
• Maintain negotiation trackers and update relevant internal systems with status of negotiations;
• Participate in applicable regulatory implementation projects that may necessitate negotiations and amendment to counterparty trading documentation.

Minimum Required Qualifications:

• JD Degree or equivalent;
• 2+ years of work experience (relevant law firm or in-house experience a plus);
• Professional bar licensing in NY State or equivalent US State bar;
• Experience in negotiating derivatives documentation highlighted above;
• Experience with financing documentation for corporate entities, including familiarity with direct and syndicated loan agreements, security agreements, participation agreements and related documentation;
• Familiarity with recent US and cross-border derivatives regulatory framework, including Dodd-Frank and EMIR requirements for financial institutions and corporate entities, margining parameters for various types of trades and products, CFTC requirements and similar regulations, rules and market practices;
  
• Technical: Microsoft OS (Word, Excel, Powerpoint), digitization tools.
  

Preferred Qualifications:

• A self-starter personality capable of working both autonomously as well as in a cross-disciplinary team;
• Excellent analytical, organizational, communication and drafting skills;
• Ability to handle multiple projects simultaneously, prioritize workload and complete assignments efficiently with the sense of urgency and attention to detail in an environment with limited secretarial/admin support;
  
• Ability to work across the organization as required and maintain high standards of professionalism in all dealings with team members and internal/external clients;
  
• Language: fluency in Spanish is a plus.
  

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