Netting Lawyer/Consultant

  • Not Specified
  • London, England, United Kingdom
  • Contract, Full time
  • Randstad Sourceright
  • 20 Feb 18 2018-02-20

Netting lawyer 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

Netting lawyer

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…)

Responsibilities:

  • 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;

6 months Contract role

London city