The position at a glanceDerivatives Attorney / Documentation Negotiator role in Global Markets Legal Prime Services & Solutions ("PS&S"), focusing on negotiation of various trading agreements and related regulatory implementation projects.
In detailThe team members are responsible of the following activities:
- Provide advice to front office personnel in the Global Markets division of BNP Paribas in relation to Prime Services & Solutions business line.
- Review and negotiate relevant transactional agreements including master repurchase agreements, master securities lending agreements, committed repo facility agreements, master securities forward transaction agreements, custodial undertaking agreements, sponsored repo agreements, cross collateralization agreements, etc.
- Review and negotiate derivatives master agreements including ISDA Master Agreements and Credit Support Annexes, with various margining mechanisms as well as Master Confirmation Agreements and various confirmation templates.
- Analyze derivatives trading-related legal and regulatory issues, including closeout netting, applicability of various U.S. and cross-border regulations, including Dodd-Frank and margin rules, and discuss related issues with internal stakeholders and clients.
- Analyze and provide advice in connection with internal approval processes for exceptional transactions, new business activities and new trading venues, including coordinating with external counsel, business sponsors and in-house lawyers in other jurisdictions.
- Develop and maintain internal policies and procedures for derivatives transactions and documentation and advise junior negotiators with respect to complex issues arising during negotiations.
- Stay abreast of regulatory developments in Canada and anticipating potential impact on the Business. Support the Head of Global Markets Legal Canada in coverage for relevant projects, new changes to regulations, rules and laws in Canada affecting the Global Markets business activities.
- Review and negotiate ancillary documents including Guarantees, Confidentiality Agreements, and related documentation.
- 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.
The strengths and skills that will help you succeed- Bachelor Law Degree, JD Degree or equivalent;
- Minimum 5 years of law firm or in-house experience;
- Experience in negotiating documentation for credit derivatives and/or financing transactions, including master confirmations, master repurchase agreements, ISDA Master Agreements, Credit Support Annexes, MSFTAs, Account Control Agreements, as well as related ancillary documentation such as confidentiality agreements, amendment agreements and guarantees;
- Experience in negotiating with external clients and asset managers, advising capital markets trading businesses, client on-boarding;
- Excellent negotiation, oral and written communication skills;
- Excellent analytical, organizational, and analytical and interpersonal skills;
- Experience handling multiple projects simultaneously;
- Ability to prioritize workload, manage time efficiently while retaining attention to detail;
- Work well in a fast-paced environment;
- Work across the organization as required and maintain high standards of professionalism in all dealings with team members and internal/external clients;
- Proficient in Microsoft Office;
- Professional bar licensing in NY State and/or a Canadian Province is strongly preferred;
- Given the vast majority of our clients, both internal and external, are based outside of Quebec and Canada, specific language requirements may apply. Knowledge of the English is required.
This position provides for standard working conditions in an office and a normal work schedule from Monday to Friday. This position requires little travel.
What's in it for youIn addition to competitive compensation, we offer flexible benefits including a family and spouse insurance program, a defined contribution pension plan and paid days for volunteering. Hybrid work arrangements are available for most positions. In-office presence is required a minimum of 3 days per week, one of which must be on a Monday and/or a Friday. BNP Paribas provides excellent training and personal development programs, as well as opportunities for career development within the company and internationally.
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What you need to know- We will review candidates as they apply, so don't wait to submit your application;
