Business Overview: The Securitized Products Legal team consists of 4 senior lawyers and provides legal advice to the Asset Finance & Securitization ("AFS") business in the Americas region. AFS structures and executes a wide variety of securitized products including CLOs, ABCP, ABS, RMBS and CMBS which are secured by a broad range of loans (e.g. corporate, auto and mortgages), leases (e.g. aircraft, equipment and fleet) and receivables (e.g. trade and credit card).
The Structured Securities legal team consists of 3 individuals and provides legal advice to the structured products business in the Americas regions. The team works closely with the sales team to prepare pricing supplements for equity, rates, commodity-linked notes, warrants and certificates.
Candidate Success Factors: Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Able to influence peers and team.
- Demonstrates good judgement when making decisions of high complexity and impact.
- Exercise appropriate autonomy in the execution and delivery of work.
- Responsible for driving outcomes, which have meaningful effect on team or department.
- Leadership and Collaboration:
- Creates trust with colleagues.
- Acts in leadership capacity for projects, processes, or programs.
- Client, Customer and Stakeholder Focus:
- Able to build relationships with a mix of colleagues and clients.
- Interacts regularly with management and department leaders.
- Demonstrates the ability to influence stakeholders at the team level.
- Compliance Culture and Conduct:
- Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
- Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.
Responsibilities: - Provide legal advice to AFS on the structuring and execution of a wide variety of securitized products which are secured by a broad range of loans, leases and receivables.
- Advise AFS on internal and regulatory requirements and assist them with credit approvals for new products and transactions.
- Partner with AFS, liaise with external and other internal counsel and liaise with RISK, Compliance and other internal stakeholders.
- Manage ad hoc projects as required.
- Working closely with business personnel and other related stakeholders (compliance, ALMT, operations) to manage the execution of structured products issuances and advise on and address the legal issues arising with such transactions.
- Reviewing and advising on prospectuses, offering documents and related disclosure for structured product issuances across relevant jurisdictions.
- Supporting ongoing projects related to the structured products business such as automation and technology initiatives, and assisting stakeholders in identifying, assessing and managing legal and regulatory risks related to the business.
- Monitoring legal, regulatory, and market developments affecting structured products and proactively anticipating regulatory, legal and market developments that may impact product design, documentation, distribution or execution.
- Working on periodic updates of securities program documentation and related legal framework, and coordinating across internal and external stakeholders to ensure documentation remains current with evolving legal, regulatory, and market standards.
- Preparing, reviewing and negotiating dealer agreements and other legal agreements relating to the structured products business.
Minimum Required Qualifications: - Juris Doctor or LLM from an accredited US law school.
- Admission to NY bar.
- Experience with securitization and/or warehouse lending.
- Experience working with registered and exempt securities offerings linked to a variety of underlying asset classes, including equities, fixed income, credit, commodity, foreign exchange, QIS and alternative strategies.
- Excellent organization and analytical skills and attention to detail with strong written and oral communication, negotiation and interpersonal skills.
- Detail-oriented and possess the confidence to address critical issues head-on.
- Ability to manage heavy workloads, multitask, prioritize and work under pressure and maintain high standards of professionalism in all dealings with team members and internal and external clients.
Preferred Qualifications: - 4+ years' experience at a law firm in securitization, lending and/or capital markets/securities transactions or in-house in the financial services industry.
- Familiarity with common securitization and/or structured products offering documents and related transaction documentation.
FINRA Registrations Required: CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): SEC Security-Based Swap Dealer Associated Person: While the description above describes our ideal candidate, we encourage applicants to apply even if they do not fully meet the complete list of qualifications noted.
The expected starting salary range for this position is between $200,000 to $250,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.
In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.
