Project Manager | Level 3

Location
New York City, NY

Job Type
Contract Full-Time

Pay Rate
$66.68

Project Manager Level 3

Duration: 3 Months

Pay Rate: $66.68

Work Location: 522 5th Avenue, New York, New York 10036

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POSITION FOR REPURCHASE (REPO) AGREEMENT / ISDA

Description:

  • Repo agreement / ISDA drafting/negotiation skills
  • Good interpersonal / communication skills
  • Organized & responsive

ROLE AND RESPONSIBILITIES

The ISDA Negotiator’s primary role will be to draft and negotiate documentation relating to a full spectrum of derivatives, including equity, fixed income and commodity swaps, foreign exchange products, futures, options, repo/reverse repo and agency mortgage backed-securities, primarily (but not exclusively) in support of the Americas and Asia-based businesses of the division. The ISDA Negotiator will also be responsible for project managing the workload and providing status updates to relevant stakeholders, as well as to maintain/ develop relationships with key counterparties. This is a dynamic position with broad responsibilities, ideal for a motivated, self-starting professional willing to dive into a number of new and challenging assignments.

The role will include the following:

  • Negotiate and draft MRAs, GMRAs, ISDAs and other derivatives agreements
  • Handle amendments and negotiations with minimal supervision
  • Ensure timely execution of all documents
  • Liaise with derivatives operations and other internal teams to coordinate group’s work
  • Prepare and distribute team global status reports
  • Review / comment on derivative provisions in investment management agreement (IMA)
  • Clearly articulate term implications in the context or proposed language revisions
  • Maintain relationships with key counterparties
  • Maintaining databases of account, fund and counterparty contacts and agreements
  • Design, scope and manage various projects that arise from time to time

AREAS OF EXPERTISE AND EXPERIENCE

Areas of expertise in a combination (but not necessarily all) of the following areas are desirable:

  • Significant experience in the drafting and negotiation of derivatives documentation in a derivatives documentation unit of a major bank or large asset manager
  • Important that the candidate is proficient in understanding of the GMRA, MRA and ISDA master agreement and other related agreements and frameworks (eg clearing and repo)
  • MSFTA experience a plus
  • Excellent oral and written communication skills and organizational and problem solving skills, attention to detail, references-on-request, maturity, judgment and poise
  • The candidate must have the ability and desire to take on and effectively prioritize multiple projects. The candidate must be a self-starter while still working collaboratively on a global basis and know when to escalate issues
  • Proficiency in Word and Excel is a must
  • Ability to manage in a fast paced environment while meeting strict deadlines
  • Legal background preferred
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