Closing Date: 7th February, 2025
Description:
About this role:An American Multinational Financial Services Company is seeking an Assistant General Counsel and Executive Director in the Corporate & Investment Banking (CIB) Markets Section of the Legal Department.
This position is responsible for providing legal services to the institutional and international repo, TBA, derivatives, FX, and other fixed income and structured products trading businesses of Wells Fargo Bank and its affiliates, including Wells Fargo Securities, LLC. In addition, this position will support Wells Fargo's sales and trading desks on matters involving the U.S. Treasury Clearing rule, Dodd-Frank, related CFTC and SEC rules, IM and VM Margin rules, FINRA Rule 4210, other domestic and international laws pertaining to traded products and exchange trading, clearing, margining, reporting, and any other requirements or financial reform initiatives.
In this role, you will:
- Advise leadership to develop or influence objectives, plans, specifications, resources, and long-term goals for highly complex businesses and needs
- Handle matters that have a significant impact on the Company's operations, strategies, or profitability
- Provide legal advice on matters for management of the Corporation and its subsidiaries
- Serve as a legal advisor to the businesses within Wells Fargo
- Lead the strategy and resolution of highly complex and unique challenges across multiple areas or the enterprise, delivering solutions that are long-term, large-scale and require vision, creativity, innovation, advanced analytical and inductive thinking, and coordination of highly complex activities and guidance to others
- Review and analyze complex large-scale or long-term challenges that require in-depth evaluation of multiple factors, including intangibles or unprecedented factors
- Provide vision, direction, and expertise to leadership on implementing innovative and significant business solutions
- Develop and lead implementation of strategic business initiatives, leading teams to meet deliverables and drive new initiatives
- Provide substantive legal advice on matters to senior management of the Corporation
- Educate, train, and supervise less experienced attorneys within the Legal department
- Collaborate with and influence all levels of professionals, including more experienced managers
- Oversee and take an active role in the education and training of a team of attorneys
- Engage and influence stakeholders, internal partners, and peers associated with the function or affected by its outcomes
Required Qualifications:
- 7+ years of Law experience, or equivalent demonstrated through one or a combination of the following: work experience training, military experience, education
- Active State Bar membership or the equivalent in a country outside the United States
Desired Qualifications:
- Experience as a practicing attorney
- 7+ years of significant experience in representing clients with respect to repo, and/or derivatives and FX products, and/or TBA and Covered Agency transactions
- Structured Products experience (i.e., experience with Sponsored Repo, Structured Repo and Committed Repo preferred)
- Significant experience with broad range of customers (banks, hedge funds, investment managers, 1940 Act funds, pension plans, corporate, and insurance companies) and related regulations (e.g., ERISA and the Investment Company Act of 1940)
- Significant knowledge and experience with U.S. and foreign laws; rules and regulations relevant to repo, and/or derivatives and FX transactions, and/or TBA and Covered Agency; Knowledge and experience with the new SEC Treasury Rules preferred, as well as the Dodd-Frank Act; related CFTC and SEC Rules; IM and VM Margin Rules; FINRA Rule 4210; Sections 23A and B of the Federal Reserve Act; securities, commodities, and investment laws (including clearing, margining, disclosure, licensing requirements and conflicts of interests); bankruptcy laws (including netting laws); and laws related to corporate compliance and governance matters
- Extensive experience conducting research and providing counsel and guidance regarding complex legal issues
- Strong attention to detail and accuracy
- Ability to work effectively in a complex environment with a high degree of collaboration