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Years of Experience
Date Last Verified
ProfileLegal Analyst The candidate will be responsible for onboarding clients to derivatives trading agreements and providing due diligence information to dealer counterparties; revise agreements as necessary in connection with regulatory changes; respond to internal and external inquiries relating to clients and trading agreements, and cross train to other responsibilities of the Capital Markets Analyst team to include transactions, bank debt, and corporate actions. Trading Agreements: Onboarding clients to trading agreements (FX Agreements, ISDAs, MSFTAs, Futures, Clearing, Options, and Repurchase Agreements) with various broker-dealers. Perform regular and routine maintenance (amendments) on trading agreements as required. Obtain, review and upload client KYC and diligence documentation to trading platforms for purposes of onboarding clients to trading agreements. Participate in regulatory action committees and update trading agreements and client documentation as may be necessary to be compliant with regulatory changes. Analyze and interpret complex derivatives transaction agreements, regularly exercising independent judgment and discretion in identifying issues posed by the agreements. Based on analysis, recommends and drafts amendments to transaction documentation. Interact with various internal departments (Trading, Risk Management, Collateral Management, Global Client Operations and Investment Compliance) to obtain and determine the appropriate client documentation and/or trading information needed to complete transactions, amendments and maintain/disseminate information. Private Placements/Transactions (Equity and Fixed Income private transactions): Assist in the ongoing implementation, data entry and maintenance of the (Selectica) database for private placement (equity and fixed income/debt) transactions and corporate actions; query system and run reports for metrics and in response to requests of investment and/or Legal staff. Maintain settlement documents (NDAs, purchase agreements, investor rights agreement, Charter, etc.) from transactions in consistent format. Assist in minor document reviews or proofing and preparation of drafts of routine documents; establish diaries for regulatory or contractual holding periods and monitor press releases for various transactions and IPOs. Examples include proofing of stock certificates, initial draft of Rule 144 representation letters, preparation of signature pages. Maintain private placement checklist for the recording of employee and shareholder conflicts, internal consents, and transaction deliverables. Corporate Actions / Eligibility & QIB inquiries: Maintain QIB reference data in Selectica and in consistent directory format. Respond to internal basic queries regarding status of accounts. Bank Debt Reviews. System Management: Maintain and query various trading databases, including COIL, Markit Counterparty Manager, SharePoint, Selectica, and any other databases implemented for trading agreement and transaction processing and efficiency. Contribute to a project or analyst team to create and/or enhance internal databases that standardize interactions with brokers and traders, minimize risks associated with the documentation of derivatives contracts and capture pertinent contract information. Maintain group metrics for trading agreements. Trading Inquiries: Independently composes and prepares correspondence and drafts answers to inquiries and agreements to respond to external trading counterparties as well as internal business units’ inquiries. Responds to various broker due diligence requests. Must be able to determine valid requests and identify and evaluate issues that may be potentially harmful or proprietary in the course of a trading relationship.
Qualification and Experience
The candidate must have College degree, or Associate degree and 2 years related work experience, or High school diploma/equivalent and 3 years related work experience. Should have ability to carefully read, analyze and interpret legal documents; detail oriented; ability to present information to outside parties; ability to interact with TRP associates at various levels to gather information. Must have ability to understand organization, legal entities and client relationships; basic understanding of financial data. Should have ability to adapt to ever-changing regulatory environment. Must preferably have 1-3 years of previous regulatory, industry, and/or paralegal experience in reviewing contracts and legal documentation.
T. Rowe Price Group, Inc.
100 East Pratt Street
Baltimore, MD 21202