Vice President - Global Markets Documentation, Prime Brokerage and ISDA Negotiation

TD Bank

New York, NY

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JOB DETAILS

SALARY

SKILLS

Automation, Bank Management, Banking Services, Brokerage, Capital Markets, Career Development, Communication Skills, Computer Skills, Contract Negotiation, Customer Experience, Customer Support/Service, Derivatives, Document Tracking, Documentation, Financial Transactions, Government, Hedge Funds, Interpersonal Skills, Legal, Legal Documents, Lift/Move 25 Pounds, Marketing/Sales Collateral, Mentoring, Multitasking, Negotiation Skills, Office Equipment, Onboarding, Operations Management, Physical Demands, Presentation/Verbal Skills, Regulations, Regulatory Compliance, Risk, Risk Management, Securities, Team Player, Time Management, Training/Teaching, Underwriting, Willing to Travel, Writing Skills, eLearning

LOCATION

New York, NY

POSTED

1 day ago

Work Location:
New York, New York, United States of America

Hours:
40

Line of Business:
TD Securities

Pay Detail:
$225,000 - $225,000 USD

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs.

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

Job Description:

The Global Markets Documentation Team is an integral part of TD Securities. The group provides best-of-class service to business partners in TD Bank Financial Group (the Bank) through negotiation and execution of agreements that govern capital markets trading products. The team is committed to providing a seamless client experience while managing the Bank's risk.

This position will be responsible for providing best-of-class service to clients of TD Securities and internal business partners by preparing and negotiating legal documentation with global counterparties for trading products such as cash prime brokerage and equity derivatives, (i.e. Prime Brokerage Agreements, Term Commitment Agreements, ISDA Master Agreements, Credit Support Annexes, Master Confirmation Agreements, Regulatory IM Documents, Account Control Agreements, Custody Agreements). The position must ensure that the Bank is sufficiently protected from legal, risk, and operational perspectives in all such trading documents and other legal documentation between the Bank and its counterparties. The position will be required to build and maintain strong relationships with all stakeholders across the Bank and be available to service the deal flow with tight deadlines from global desks.

Key Responsibilities:

Lead negotiations of ISDA Master Agreements, CSAs, Master Confirmation Agreements, Regulatory IM Documents, Account Control Agreements, Custody Agreements, Prime Brokerage Agreements and Term Commitment Agreements, with a variety of counterparties, including hedge funds and registered funds
Lead or participate in internal calls with senior credit officers and front office contacts, as well as calls with clients and external legal counsel, to discuss issues that arise during negotiations of trading agreements and/or prime brokerage related documents
Liaise and coordinate with internal stakeholders, such as Credit, Business, Tax, Legal, Operations and Collateral Management, during the documentation process
Provide timely updates to the Business on the status of negotiations, whether via weekly calls or through the team's internal document tracking system
Support internal initiatives related to documentation, process automation, and regulatory compliance.

Depth & Scope:

Ensures that the Bank is sufficiently protected from legal, risk, and operational perspectives in all such trading documents and other legal documentation between the Bank and its counterparties
Required to build and maintain strong relationships with all stakeholders across the Bank and be available to service the deal flow with tight deadlines from global desks
Leads negotiations of Prime Brokerage Agreements, Term Commitment Agreements, ISDA Master Agreements, CSAs, Master Confirmation Agreements, Regulatory IM Documents, Account Control Agreements and Custody Agreements with a variety of counterparties, including hedge funds and registered funds
Leads or participates in internal calls with senior credit officers and front office contacts, as well as calls with clients and external legal counsel, to discuss issues that arise during negotiations of trading agreements and/or prime brokerage related documents
Liaises and coordinates with internal stakeholders, such as Credit, Business, Tax, Legal, Operations and Collateral Management, during the documentation process
Provides timely updates to the Business on the status of negotiations, whether via weekly calls or through the team's internal document tracking system
Supports internal initiatives related to documentation, process automation, and regulatory compliance

Education & Experience:

Law degree is required
5+ years of solid legal, trading documentation, capital markets, origination or related experience

Preferred Qualifications:

J.D. required, New York Bar Admission preferred
6-8 years of experience (either at a law firm or a dealer)
Strong North American prime brokerage negotiation experience, together with experience negotiating term commitment agreements and custody agreements.
Solid experience negotiating ISDA Master Agreements, Credit Support Annexes, Master Confirmation Agreements and Account Control Agreements with hedge funds and registered funds.
Experience negotiating the full suite of regulatory initial margin documentation.
The candidate for this position will enjoy working on legal trading documentation, be able to effectively apply legal and sound risk management principles and display good drafting ability.
Excellent written and verbal communication skills, good PC skills and the ability to multi-task and meet tight deadlines in a fast-paced trading environment are requirements.
Strong interpersonal and teamwork skills are essential.
Ability to work under tight deadlines and flexibility to support global time zones as required.

Physical Requirements:

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

Domestic Travel - Occasional
International Travel - Never
Performing sedentary work - Continuous
Performing multiple tasks - Continuous
Operating standard office equipment - Continuous
Responding quickly to sounds - Occasional
Sitting - Continuous
Standing - Occasional
Walking - Occasional
Moving safely in confined spaces - Occasional
Lifting/Carrying (under 25 lbs.) - Occasional
Lifting/Carrying (over 25 lbs.) - Never
Squatting - Occasional
Bending - Occasional
Kneeling - Never
Crawling - Never
Climbing - Never
Reaching overhead - Never
Reaching forward - Occasional
Pushing - Never
Pulling - Never
Twisting - Never
Concentrating for long periods of time - Continuous
Applying common sense to deal with problems involving standardized situations - Continuous
Reading, writing and comprehending instructions - Continuous
Adding, subtracting, multiplying and dividing - Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

Who We Are

TD Securities offers a wide range of capital markets products and services to corporate, government, and institutional clients who choose us for our innovation, execution, and experience. With more than 6,500 professionals operating out of 40 cities across the globe, we strive to make every interaction, product and experience remarkably human and refreshingly simple. Our services include underwriting and distributing new issues, providing trusted advice and industry-leading insight, extending access to global markets, and delivering integrated transaction banking solutions. In 2023, we acquired Cowen Inc., offering our clients access to a premier U.S. equities business and highly-diverse equity research franchise, while growing our strong, diversified investment bank.

Together, we are reimagining what banking can be for our clients, colleagues and communities.

Our Total Rewards Package
Our Total Rewards package reflects the investments we make in our colleagues to help them and their families achieve their financial, physical and mental well-being goals. Total Rewards at TD includes base salary and variable compensation/incentive awards (e.g., eligibility for cash and/or equity incentive awards, generally through participation in an incentive plan) and several other key plans such as health and well-being benefits, savings and retirement programs, paid time off (including Vacation PTO, Flex PTO, and Holiday PTO), banking benefits and discounts, career development, and reward and recognition. Learn more

Additional Information:
We're delighted that you're considering building a career with TD. Through regular development conversations, training programs, and a competitive benefits plan, we're committed to providing the support our colleagues need to thrive both at work and at home.

Colleague Development

If you're interested in a specific career path or are looking to build certain skills, we want to help you succeed. You'll have regular career, development, and performance conversations with your manager, as well as access to an online learning platform and a variety of mentoring programs to help you unlock future opportunities.

If you're passionate about helping clients and building deep, lasting relationships, TD offers diverse career paths where you can grow your expertise and make a meaningful impact.

We're committed to your success and foster a respectful workplace where diverse perspectives are valued, everyone has fair opportunities to grow, and you can unlock your full potential to achieve your career goals. Here at TD, we hire and develop the best.

Training & Onboarding
We will provide training and onboarding sessions to ensure that you've got everything you need to succeed in your new role.

Interview Process
We'll reach out to candidates of interest to schedule an interview. We do our best to communicate outcomes to all applicants by email or phone call.

Accommodation

TD Bank is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com. Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.

About the Company

TD Bank

At TD, we are committed to fostering an inclusive, accessible environment, where all employees and customers feel valued, respected and supported. We are dedicated to building a workforce that reflects the diversity of our customers and communities in which we live in and serve, and creating an environment where every employee has the opportunity to reach her/his potential.

If you have a disability that requires an accommodation to complete the application process, please e-mail TD Bank's HR Compliance Department at hrcompliance@td.com. Please include your FULL NAME, CONTACT INFORMATION and DETAILS ABOUT YOUR REQUEST within the e-mail. TD Bank is an Equal Opportunity Employer.

“EOE/Minorities/Females/Veterans/Individuals with Disabilities".

INDUSTRY

Banking

FOUNDED

1852

WEBSITE

https://www.tdbank.com/

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