VP, Advisory and Contract Execution - Prime Brokerage and ISDA Negotiation

TD • New York, NY

12d • $225,000 - $225,000

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
• 5+ years of solid legal, trading documentation, capital markets, origination or related experience
• 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.
• 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
• 6-8 years of experience (either at a law firm or a dealer)
• Strong North American prime brokerage negotiation experience, together with experience negotiating term commitment agreements and custody agreements.
• Solid experience negotiating ISDA Master Agreements, Credit Support Annexes, Master Confirmation Agreements and Account Control Agreements with hedge funds and registered funds.
• Experience negotiating the full suite of regulatory initial margin documentation.

Responsibilities

• Ensures 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
• 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
• Leads 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
• Leads or participates in internal calls with senior credit officers and front office contacts, as well as calls with clients and external legal counsel, to discuss issues that arise during negotiations of trading agreements and/or prime brokerage related documents
• Liaises and coordinates with internal stakeholders, such as Credit, Business, Tax, Legal, Operations and Collateral Management, during the documentation process
• Provides timely updates to the Business on the status of negotiations, whether via weekly calls or through the team's internal document tracking system
• Supports internal initiatives related to documentation, process automation, and regulatory compliance

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.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree
• Number of Employees: 5,001-10,000 employees