Director, Managing Counsel - Fixed Income

Top investment bank has an opening for an entrepreneurial Director, Managing Counsel to provide legal and regulatory support with a focus on repo and securities lending activities and sales & trading business lines. The Director will have a strong understanding of the the '33 Act, '34 Act, ' 40 Act' the Commodity Exchange Act, as well as a strong understanding of the regulation and oversight SEC, CFTC, SROs (FINRA) and exchanges.

Client Details

Top investment banking client

Description

The Director, Managing Counsel will be a key member of the investment bank's legal team with a focus on providing legal and regulatory guidance to key business units.

Main Responsibilities:

• Serve as counsel providing regulatory guidance and legal advice on all matters relating to repo (including sponsored repo and whole loan repo programs), securities lending and swap activities
• Serve as primary U.S. counsel on the Firm's Treasury Clearing Mandate regulatory implementation efforts
• Serve as secondary counsel to Fixed Income sales & trading businesses, including FX, Rates, credit, derivatives, high yield, distressed trading and electronic trading, and all related legal and regulatory matters.
• Advise on regulatory considerations and new initiatives
• Assist team of attorneys providing escalation support to Trade Documentation Group on various agreements, including ISDAs, CSAs, MRAs, GMRAs, MSFTA and MSLAs
• Perform major role in collaborating with front office, Litigation and control functions across the enterprise as needed regarding regulatory inquiries and special remediation efforts arising out of covered business lines
• Provide coverage of Title VII/Swap Dealer matters including regulatory margin requirements for OTC derivatives.
• Assist in managing external counsel relationships

Profile

• JD from US ABA accredited law school
• 5-10+ years of experience ideally gained in-house supporting the securities lending and sales and trading desk of an investment bank, with prior experience at an AmLaw 100 firm highly preferred
• US State Bar Admission
• Must be solutions oriented with a securities law mindset when it comes to advising on the structuring of transactions
• Must have experience advising on repo (including sponsored and whole-loan repo), securities lending, and swaps
• Experience with FX, rates, credit, derivatives, high-yield, distressed trading, electronic trading, and related initiatives
• Strong understanding of ISDA framework
• Excellent drafting and negotiating skills
• Ability to simplify legal advice for multiple stakeholders within a fast paced business

Job Offer

• Base salary
• Cash bonus
• Equity
• Excellent benefits
• Hybrid working model
• Opportunity for growth
• 401 (k)

Page Group USA is acting as an Employment Agency in relation to this vacancy.

Job Requirements: