Overview
The incumbent will assist in drafting, reviewing, and maintaining global markets related legal agreements; keeping track of related regulatory developments and evaluating their impacts; putting forth implementation plans; preparing related analysis reports to the management and Head Office; monitoring credit risk events and developing courses of actions to manage the credit risk proactively.
Responsibilities
Include but are not limited to:
Global Markets Agreements
- Draft and negotiate global markets business related agreements, including ISDA, VM CSA, GRMA and etc., and partner with Legal Office and external counsel on finalizing the agreements.
- Draft and update the templates for the up mentioned agreements.
- Provide coaching and training to other team members or other departments on the up mentioned agreements and related issues.
- Liaise with Head Office with regards to related agreements, and assist Head Office and other branches in negotiating related global markets agreements if requested.
Compliance and Documentation
- Establish and adopt policies, procedures, and standards of conduct that proactively manage the compliance risk of the global markets business.
- Oversee, monitor, and enforce the above-mentioned compliance programs, and assess the effectiveness during their enforcement; make necessary changes if required.
- Provide training and education to team members on the above-mentioned compliance programs.
- Promptly communicating with the second line regarding questions and issues in the workplace.
- Maintain proper and adequate documentation regarding the compliance work.
Credit Risk Control
- Assist in development and implementation of policies and procedures that proactively manage the credit risk of the global markets business.
- Monitor clients’ credit risk by collecting market movements, and communicating with CRDs regularly and upon learning potential risk events.
- Track and analyze CRC reports to evaluate the effectiveness of current credit risk control measures.
- Keep records of the credit terms in ISDA agreements and provide support to traders in case of clients’ default.
Regulatory Change Monitoring
Qualifications
- Bachelor’s degree is required, preferably in Law-related majors and with minor in Finance or Economics. Master’s degree or above is highly preferred.
- A minimum of 5 years of legal-related experience in global market business, like ISDA agreement, derivative/bond business compliance is required.
- 3 years or above regulator and law firms’ liaison experience is preferred; 1 year or above financial market business related experience is preferred.
- Candidates who have passed the NY State Bar Examination are preferred.
- Knowledge of global markets products and related risk management; prudential regulators’ regulatory requirements relating to global markets business is required.
- Document review, legal research and case analysis skills are required.
- Bilingual abilities in English and Chinese are highly preferred.
Pay Range
Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.
USD $65,000.00 - USD $150,000.00 /Yr.
