Associate, Advisory and Contract Execution – Prime Brokerage and ISDA Negotiation

TD•New York, NY

12d•$175,000 - $175,000

About The Position

The Advisory and Contract Execution Team is an integral part of TD Securities. The group provides best-of-class service to business partners in TD Bank Financial Group (the Bank) through negotiation and execution of agreements that govern capital markets trading products. The team is committed to providing a seamless client experience while managing the Bank’s risk. The position will be responsible for providing best-of-class service to clients of TD Securities and internal business partners by preparing and negotiating legal documentation with global counterparties for trading products such as cash prime brokerage and equity derivatives, (i.e. Prime Brokerage Agreements, Term Commitment Agreements, ISDA Master Agreements, Credit Support Annexes, Master Confirmation Agreements, Regulatory IM Documents, Account Control Agreements, Custody Agreements). The position must ensure that the Bank is sufficiently protected from legal, risk, and operational perspectives in all such trading documents and other legal documentation between the Bank and its counterparties. The position will be required to build and maintain strong relationships with all stakeholders across the Bank and be available to service the deal flow with tight deadlines from global desks.

Requirements

Law degree is required
1+ years of solid legal, trading documentation, capital markets, origination or related experience
Excellent written and verbal communication skills, good PC skills and the ability to multi-task and meet tight deadlines in a fast-paced trading environment are requirements.
Strong interpersonal and teamwork skills are essential.
Ability to work under tight deadlines and flexibility to support global time zones as required.

Nice To Haves

J.D. required, New York Bar Admission preferred
1+ years of experience (either at a law firm or a dealer)
North American prime brokerage negotiation experience, together with experience negotiating term commitment agreements and custody agreements is a plus, but not a requirement.
Experience negotiating ISDA Master Agreements, Credit Support Annexes, Master Confirmation Agreements and Account Control Agreements with hedge funds and registered funds is a plus, but not a requirement.
Experience negotiating the full suite of regulatory initial margin documentation is a plus, but not a requirement.
The candidate for this position will enjoy working on legal trading documentation, be able to effectively apply legal and sound risk management principles and display good drafting ability.

Responsibilities

Assist with negotiations of Prime Brokerage Agreements, Term Commitment Agreements, ISDA Master Agreements, CSAs, Master Confirmation Agreements, Regulatory IM Documents, Account Control Agreements and Custody Agreements with a variety of counterparties, including hedge funds and registered funds.
Negotiates a robust portfolio of capital markets regulatory agreements globally, ensuring regulatory compliance across specific trading products and jurisdictions, while aligning with internal risk, legal, regulatory and governance frameworks and ensuring accelerated time to market
Reviews, drafts, and finalizes capital markets regulatory agreements across a range of trading products, ensuring alignment with internal standards and regulatory requirements
Communicates capital markets regulatory requirements to business lines, clients and their legal counsel in an efficient, business-friendly manner
Participates in client meetings and calls to provide regulatory advisory and rule interpretation, leveraging understanding of global derivatives regulations including US Dodd-Frank, EMIR, UK, Canadian, and Singapore frameworks
Works with the trading desks to understand client needs and track and prioritize high value relationships
Understands the current state of legislation, regulation, and guidance with respect to OTC derivative transactions globally including Canada, the US, the EU, the UK, Singapore, and other relevant jurisdictions
Prepares and thoroughly reviews the necessary capital markets agreement requirements and disclosures to ensure TD Securities' regulatory obligations are met
Participates in TD Securities-wide regulatory implementation efforts for new rules and initiatives, ensuring timely and accurate execution across jurisdictions
Acts as a key point of contact for Front Office, Legal, Compliance, Credit, on regulatory documentation matters
Reviews and analyzes TD Securities’ new and existing client base to ensure regulatory compliance daily
Utilizes technology to track and monitor workflow, maintaining and updating databases with required information
Produces reports and status updates as required
Escalates issues proactively and in a timely manner
Provides timely support across multiple time zones including North America, Europe, and Asia

Benefits

Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition.

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