Opportunities • Frink-Hamlett

Opportunities

ISDA Negotiator - UMR (Consultant)

Job Title
ISDA Negotiator - UMR (Consultant)
Duration
Description

ISDA Negotiator - UMR (Consultant)

Fortune 500 financial services company located in New York City seeks an experienced ISDA Negotiator to be part of a multi-faceted Unclear Margin Rule (UMR) implementation team.   This is a long-term, consulting opportunity expected to last at least six months (probably longer) with a competitive hourly rate.

Primary Duties

A smart, savvy derivatives professional is needed on an immediate basis to draft, review and negotiate ISDA  and ancillary documents for institutional clients of the Equity and Prime Brokerage Divisions. The role involves collaborating with various areas of the firm, outside counsel, external clients, and offshore resources to implement Phase V of the UMR. Duties include preparing, updating and negotiating all CSAs to bring in line with EMIR requirements; reviewing and revising collateral for compliance with risk limitations; and reviewing custodial arrangements.  

  • Identifying necessary documentation for the clients to trade securities or OTC derivatives and perform related due diligence scans in compliance with Phase IV
  • Drafting and negotiating legal documentation (included master agreements, amendments and ancillary documents such as  ISDA, MRA, DF related documents, CDEA, ACAs etc.)
  • Handling client negotiations and any related projects to ensure timely execution and completion
  • Liaising with internal stakeholders 
  • Liaising with offshore resources
  • Understanding and adhering to established procedures
  • Communicating with clients and external counsel
  • Supervising the work of junior colleagues

Requirements

  • Law Degree is preferred
  • Experience with UMR Phase 1  - 4 implementation is a huge plus
  • 5+ years’ experience at a law firm or financial industry experience in contract negotiation is required; preferably employed by or seconded to a bank in a documentation /business support role
  • Demonstrable experience in having negotiated ISDA or MRA legal documents
  • Excellent interpersonal and communication skills (written and verbal)
  • Project management skills:  highly organized, detail-oriented and thorough
  • Ability to cope with pressure and multi-task
  • Ability to plan, organize and deliver results within tight time frames
  • Ability to work collaboratively on group projects and independently on individual assignments
  • Strong analytical and problem-solving skills
  • Mature and professional
  • Comfortable working in an open floor working environment

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