Assistant General Counsel, VP- Credit Trading Attorney

About this role:

Wells Fargo is seeking Assistant General Counsel in the Markets Section of the Legal Department to support the loan and distressed trading desks and the credit portfolio trading businesses.

This position is responsible for providing legal services advice and counsel to the loan and discussed trading and portfolio hedging businesses of Wells Fargo Bank and its affiliates, including Wells Fargo Securities, LLC.
 

In this role, you will:

• Provide legal advice and counsel to the loan sales and distressed trading business, including sales, trading, credit, compliance, and operations functions
• Review and analyze moderately complex challenges for the loan and distressed trading business that require an in-depth evaluation of variable factors
• Manage moderately complex matters of legal significance to the loan and distressed trading business and develop and render opinions, consult with, and advise clients on legal and regulatory matters
• Draft complex legal documents, review and negotiate documents prepared by outside counsel
• Independently resolve moderately complex legal issues and lead team to meet deliverables
• Identify and analyze complex legal issues, develop conclusions, and make recommendations for issue resolution
• Participate in the strategic direction and philosophy of support for the loan trading business
• Coach, mentor and provide oversight with less experienced attorneys or staff
• Collaborate with peers, colleagues, and mid-level managers to resolve issues and achieve goals
• Work directly with loan trading business clients and develop an in depth understanding of par loan and distressed trading business activities and products
• Partner with business leaders and management of other corporate departments to develop and implement risk management programs
• Provide counsel and advice regarding related cleared derivates and bilateral hedging transactions subject to ISDA Master Agreements and ISDA Credit Derivatives Definitions

Required Qualifications:

• 5+ 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:

• 3+ years of significant experience in representing clients with respect to secondary loan trading (both par and distressed), secondary trading of distressed securities (including reorganized equity and bonds), corporate restructurings and related processes (both in a bankruptcy process and out of court) and related documents (plan support agreements, transaction support agreements, ad hoc creditor group arrangements), debt exchanges, and debtor-in-possession and exit financings.
• Significant knowledge and experience with U.S. laws, rules and regulations relevant to loan transactions, including product and banking laws (the Dodd-Frank Act, the Bank Holding Company Act, the Gramm Leach Bliley Financial Modernization Act, and Sections 23A and B of the Federal Reserve Act, etc.); bankruptcy laws, laws relating to secured transactions and creditors’ rights.
• Experience, knowledge and familiarity with LSTA and ISDA documentation including relevant ISDA Definitions (e.g., Credit Derivatives).
• Legal fixed income transactional and related regulatory experience in a corporate legal department.
• Strong analytical skills with high attention to detail and accuracy
• Experience building partnerships and consulting effectively with leadership
• Ability to execute in a fast paced, high demand, environment while balancing multiple priorities

Pay Range
 

Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to achievements, skills, experience, or work location. The range listed is just one component of the compensation package offered to candidates.

$159,000.00 - $305,000.00

Benefits

Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees.

• Health benefits
• 401(k) Plan
• Paid time off
• Disability benefits
• Life insurance, critical illness insurance, and accident insurance
• Parental leave
• Critical caregiving leave
• Discounts and savings
• Commuter benefits
• Tuition reimbursement
• Scholarships for dependent children
• Adoption reimbursement