Job Details

Contracts Negotiator - WFH

Company name

Momenta

Organization Type

In-House

Job Type

Attorney

Date Last Verified

Dec 24, 2020

Posted on

Oct 19, 2020

Years of Experience

Min 1 yrs required

Location

Detroit, MI, United States

Industry

Legal
Practice Area
Contract Law >> Contract Law
Finance >> Finance - Banking
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Profile

Contracts Negotiator

What’s the role?

We are currently recruiting Contract Attorneys and Negotiators for key projects in the Financial Services sector with a Professional Services firm.

You will be part of a team advising FS organisations as they prepare for the transition away from LIBOR and onto SOFR (or other replacement benchmark rate).  The role will involve re-contracting counterparties through identifying documentation changes required by the migration away from LIBOR and, where appropriate, negotiating the required changes with the counterparty.

Start date: November / December 2020
Location: Working from home initially*
Rates: up to $49 - $60 per hour

*There may be a future requirement to work from offices in Detroit, Parsippany, Chicago or Austin so preference will be given to candidates able to work in these locations

Your day to day activities will include:

  • Reviewing existing contracts and identifying clauses that need to be updated in preparation for transition away from LIBOR
  • Re-pricing interest rates in line with new benchmarks and negotiating agreement with counterparties, using set templates and negotiation playbooks
  • Support a wide range of counterparties including banks, mutual, pension and hedge funds, corporates and insurance companies.
  • Ensure the optimum reduction of risk in line with the credit and legal policies/standards of the bank.
  • Liaison with the banks’ business managers, credit officers, and legal department and external counsel.

What knowledge, skills and experience you need

  • 1+ years’ experience in contract review or contract negotiation, preferably within banking
  • Ability to negotiate with counterparty on bespoke documentation
  • Specific experience in banking trading documents (e.g. ISDA and supporting docs) is preferred but not required
  • Law degree would be a distinct advantage
  • LIBOR experience required

Company info

Momenta

Company Profile

Momenta is a global contingent resource solutions company, providing skilled professionals to the financial services, legal, technology and training and development sectors for over 30 years. If you have the skills and experience for this exciting role then apply today and don’t miss out on this exceptional opportunity to become one of our associates and join a company that provides our people with quality opportunities, development and ongoing support globally.

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