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Years of Experience
Date Last Verified
ProfileParalegal - Capital Optimization The candidate will serve as counsel in a group of attorneys and associated professionals who support firm’s derivatives, mortgage forwards, and repo/securities lending and borrowing businesses. The paralegal role involves structuring, drafting and negotiating legal documentation, advising on legal, regulatory and reputational issues arising from initiation to termination of counterparty relationships, and sourcing legal opinions on enforceability, bankruptcy, and collateral. Will be working with General Counsel (GC)colleagues in other units in connection with transactions involving these trading products, coordinating and handling outside counsel (where needed) and coordinating with credit, compliance and other control groups. It may involve assisting with training and other initiatives, participating and representing the Firm in industry initiatives and industry associations such as ISDA and SIFMA. Support of various businesses that transact derivatives, securities financing and mortgage-backed securities forwards, with a broad range of counterparties with a focus on money managers and funds, including specifically: Structure, negotiate and execute ISDA Master Agreements (including the Credit Support Annex, triparty control agreements, and other related documents, where applicable), SIFMA Master Repurchase Agreements (MRA), ICMA Global Master Repurchase Agreements (GMRA), SIFMA Master Securities Forward Agreements (MSFTA)(collectively, “Trading Agreements”) on behalf of firm Group entities. Run the end-to-end process of complex negotiations in accordance with the Firm’s policies and procedures. This requires a full appreciation of the linkage and coordination of this function globally. Advise Credit Risk Management, the relevant business groups and other internal partners on legal issues and raise credit, business and operational risk issues in Trading Agreements, associated security agreements, triparty control agreements, and other documents. You will also advise on counterparty defaults and prepare necessary documentation in respect of the termination of transactions. Coordinate with GC colleagues and engage external counsel, as needed. Help supervise diligence associates or paralegals responsible for performing the due diligence necessary for clients to enter into transactions. Maintain current awareness and understanding of industry trends and developments across these businesses, as they relate to the attorneys' areas of responsibility.
Qualification and Experience
The candidate should have BS or BA Degree from an accredited institution. Law Degree and qualification as an attorney; NY or English law highly preferred. Must have 2-5 years of working experience, preferably in financial services and/or contract law. Must understand and can evaluate legal terms to identify, mitigate and/or remediate regulatory and compliance issues. Must possess excellent organizational skills and ability to prioritize effectively, along with a structured and focused work approach in meeting deadlines without compromising quality.
Ref # 092805