Description:
What You'll Be Doing:As a member of the U.S. Capital Markets Legal team in New York, Counsel – US Equity Finance, you will provide transactional and advisory legal services to equity finance businesses in the United States, including equity derivatives and prime services.
The role will include providing legal and transactional advice in connection with various equity finance, derivatives, and other transactions; providing regulatory advice in respect of requirements under applicable U.S. laws; drafting, reviewing and negotiating all manner of transaction documentation; structuring and negotiating transactions; advising and supporting clients in new product development; following and advising legal and regulatory developments affecting covered products and businesses; working with multiple stakeholders within the firm (risk, tax, accounting, compliance, etc.) as well as with the primary business personnel; and coordinating/supervising activities of external counsel.
At A Commercial Banking Company we enable the work environment most optimal for you to thrive in your role. Details on your work arrangement (proportion of on-site and remote work) will be discussed at the time of your interview.
How You'll Succeed
- Engage with equity finance teams to ensure that transaction execution and Legal risk management are being conducted in accordance with commercial objectives of the business and A Commercial Banking Company risk tolerance.
- Advise on a broad spectrum of equity finance products including equity margin loans, fund financing, synthetic and cash prime brokerage, convertible bond and capped call transactions, issuer share forwards, related hedging transactions, and other equity swaps and options.
- Advise on regulatory issues including under Section 13 and 16 of the Securities Exchange Act, Section 5 of the Securities Act, the “Swap” and “Security-Based Swap” Rules under Dodd-Frank, Reg M, Rules 10b5-1 and 10b-18, and related regulations as they relate to equity finance transactions.
- Advise equity finance teams to ensure that transaction execution and Legal risk management are being conducted in accordance with commercial objectives of the business and A Commercial Banking Company risk tolerance.
- Advise trade documentation team as to derivative agreements such as ISDA Master Agreements, CSAs, and MCAs for dealers and end users.
- Advise business teams as to the development of new products for equity finance clients.
- Be responsible for advising the relevant businesses on regulatory developments and legal issues arising within the relevant coverage area and will assist the businesses in managing legal and reputational risks of the firm's transactions and activities in the relevant coverage area.
- Manage projects and contract negotiations to ensure accurate and timely completion of initiatives and execution of documents within a framework of tight deadlines.
- Participate in development of knowledge of market and industry practices through ongoing review of issuances by various banks and dialogue with peers at other institutions.
Who You Are:
- 6+ years practicing attorney including experience working at a financial institution, experience at a top tier law firm.
- Strong knowledge of US securities laws, including the Securities Act, the Exchange Act, FINRA and CFTC rules and regulations, broker-dealer regulations, and Dodd-Frank Title VII provisions as applied to swaps regulated by the CFTC and SEC.
- Strong familiarity with relevant ISDA documentation including, Master Agreement, CSA, and Equity Definitions
- JD degree or foreign equivalent and be admitted to the bar in New York
- Experience with structured notes is a plus
- Excellent written and verbal English language skills
- Excellent legal analytical skills, with the ability to think creatively and identify innovative solutions as well as the ability to clearly articulate complex concepts and ideas
- The ideal candidate will have proven skills in legal and regulatory risk management
- Will possess excellent stakeholder management and relationship skills combined with the ability to withstand front office pressure and exhibiting excellent negotiation and influencing skills and the ability to balance risk with reward in a commercial environment
