Job description
Responsibilities:
• Prepare, negotiate, and track the execution of master trading documentation, with an emphasis on repurchase and securities lending documentation including GMRA/MRA, GMSLA/MSLA, SIFMA Master Treasury Clearing Agreement: Done-With and related documentation including custodial undertakings
• Prepare, negotiate, and track the execution of other master trading documentation including: ISDA Master Agreements, Credit Support Annexes (VM and IM), account control agreements, guarantees, confidentiality agreements and related documents for bank clients and counterparties
• Review client constituent documents and perform legal due diligence with respect to enforceability of close-out netting, authority and other capacity issues
• Review client feedback and alternative forms and summarize issues related to trading documentation
• Coordinate with legal, credit, front office, collateral depts. to resolve legal/risk/operational issues and obtain relevant approvals
• Provide updates to internal marketing and client relationship staff
• Work with external counsel to resolve more complex issues, such as ERISA and bankruptcy
• Follow-up with clients and external counsel to expedite negotiations and to address blocking points
• Maintain/update internal documentation templates, procedures, policy guidelines, etc.
• Oversee execution and closing procedures
• Update global documentation databases
• Field internal inquiries regarding status of agreements, specific trade terms, policies, etc.
• Internal bank projects relating to various legal, regulatory and operational topics.