Job Description
Job Description
This job posting is covering 2 unique roles for the same company. All are VP-level.
Roles: Derivatives Contract Negotiator (Whip), Prime Services/Brokerage Negotiator (Whip/Mid)
Hybrid in Whippany NJ or Midtown, NY (3x/ per week).
Free shuttle offered from Midtown to Whippany.
$200-260K base for Negotiators
Job Description:
We are looking for an experienced Senior Negotiator to join our derivatives master agreement negotiation team to support the Markets Business across Rates, FX, Credit, LTAM and Risk Solutions Group, working predominantly for corporate and private equity clients. In this role, you will be drafting, negotiating and executing master and collateral agreements and ancillary documentation (primarily for ISDA), which you will actively and independently manage from inception to completion. This will entail negotiation with the client directly as well as internal teams and stakeholders such as credit risk, sales and trading business, collateral management, treasury, tax and client onboarding. In the course of these negotiations, you will have to ensure that MI is adequately captured by updating internal systems and managing data efficiently. Further responsibility will include being privy to regulatory updates, taking ownership of capacity and authority checks, and conducting due diligence in respect of these negotiations (including netting and collateral enforceability). Prime Services Negotiator will serve on the Prime Brokerage team.
Requirements:
- Derivatives master documentation (primarily in relation to ISDA), DF protocol, FIA execution agreements
- Familiarity with loan linked ISDA terms and associated Credit Agreements
- For Prime Services: Strong expertise in a Prime Brokerage environment.
- Familiarity with collateral arrangements and credit support annexes (including UMR VM and IM)
- Some other highly valued skills may include:
- Familiarity with other industry master agreement documentation (MRA, GMRA, GMSLA, MSFTA)