Financial Market Documentation AVP

The incumbent will assist in drafting, reviewing, and maintaining global markets related legal agreements; keeping track of related regulatory developments and evaluating their impacts; putting forth implementation plans; preparing related analysis reports; monitoring credit risk events and developing courses of actions to manage the credit risk proactively.

Job Responsibilities
Include but are not limited to:

Global Markets Agreements
Draft and negotiate global markets business related agreements, including ISDA, VM CSA, GRMA and etc., and partner with Legal Office and external counsel on finalizing the agreements;
Draft and update the templates for the up mentioned agreements;
Provide coaching and training to other team members or other departments on the up mentioned agreements and related issues;
Liaise with Head Office with regards to related agreements, and assist Head Office and other branches in negotiating related global markets agreements if requested.

Compliance and Documentation
Establish and adopt policies, procedures, and standards of conduct that proactively manage the compliance risk of the global markets business;
Oversee, monitor, and enforce the above mentioned compliance programs, and assess the effectiveness during their enforcement; make necessary changes if required;
Provide training and education to team members on the above mentioned compliance programs;
Promptly communicating with the second line regarding questions and issues in the workplace;
Maintain proper and adequate documentation regarding the compliance work.

Regulatory change monitoring
Keep track of regulatory changes and provide assessment reports;
Monitor market practice changes by collecting market movements, and facilitate analytical and ad-hoc report on market conditions / events in order to support strategic decision making;
Communicate with stakeholders (e.g. Fed, OCC, ISDA, CFTC, SEC) to obtain policymaking insights.

Job Requirements
Bachelor’s degree is required, preferably in Law-related majors and with minor in Finance or Economics. Master’s degree or above is highly preferred.
A minimum of 5 years of legal-related experience in global market business, like ISDA agreement, derivative/bond business compliance is required
3 years or above regulator and law firms’ liaison experience is preferred; 1 year or above financial market business related experience is preferred.
Candidates who have passed the NY State Bar Examination are preferred
Knowledge of global markets products and related risk management; prudential regulators’ regulatory requirements relating to global markets business is required
Document review, legal research and case analysis skills are required
Bilingual abilities in English and Chinese are highly preferred

The salary range for the AVP position is $65,000-$150,000. Actual salary is commensurate with candidate’s relevant years of experience, skillset, education and other qualifications.

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