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A well know investment bank is looking for a netting lawyer in order to join their Central Team in the city.
You will be responsible to work with and coordinate with transaction lawyers and negotiators the following key areas :
Netting (processes to determine positions on netting/collateral enforceability, including opinion review, reporting and reference data management)
Knowledge management (changes in law, new documentation, trade association updates...)
Documentation project management (regulatory repapering projects e.g. margin reform and other)
Governance frameworks, policies and procedures, through coordination with other stakeholders (TRD,SCR, RISQ, OPER, CPL...)
Review legal opinions on the enforceability of close-out netting and collateral arrangements for counterparties in relevant jurisdictions
Produce legal opinion netting reports that form the basis of company's view of the legally effectiveness of the arrangements
Consolidate and maintain the Legal Opinion Inventory
Assist the Global Netting Co-ordinator to produce and update template forms of netting report, collateral report and instructions to law firms for the provision of legal opinions
Liaise with other MAN Hub contacts to monitor progress of the Netting Report project
Handle ad hoc netting enquiries from legal teams and other internal stakeholders
Engage with stakeholders to develop policies and templates to expedite client on-boarding across various industry master agreements and in response to regulatory change.
The ideal candidate will be able to demonstrate:
Working knowledge and understanding of close-out netting and collateral arrangements for master agreements and clearing agreements;
Suitable experience in negotiating ISDAs and other master agreements as well as clearing agreements (preferable);
Some experience and knowledge of derivatives and familiarity with different counterparty/client types (including hedge funds, investment funds, banks, financial institutions and corporates);
Awareness of the key regulatory developments in relation to derivatives, clearing and collateralisation;
Good project management and case management skills and experience;
Good team working and collaboration skills and experience;
Fluent English (scope to use French or other major languages is an advantage);
University graduate or equivalent; either (i) qualified as a lawyer in England or (ii) qualified as a lawyer or with law degree in Europe, North America or a Commonwealth country and having a good grounding in and experience of English law principles;