Associate, Advisory and Contract Execution – Prime Brokerage and ISDA Negotiation

Work Location:

New York, New York, United States of America

Hours:

40

Line of Business:

TD Securities

Pay Detail:

$175,000 - $175,000 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 Advisory and Contract Execution 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.

The 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.

Depth & Scope:

• Assist with 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.

• Negotiates a robust portfolio of capital markets regulatory agreements globally, ensuring regulatory compliance across specific trading products and jurisdictions, while aligning with internal risk, legal, regulatory and governance frameworks and ensuring accelerated time to market

• Reviews, drafts, and finalizes capital markets regulatory agreements across a range of trading products, ensuring alignment with internal standards and regulatory requirements

• Communicates capital markets regulatory requirements to business lines, clients and their legal counsel in an efficient, business-friendly manner

• Participates in client meetings and calls to provide regulatory advisory and rule interpretation, leveraging understanding of global derivatives regulations including US Dodd-Frank, EMIR, UK, Canadian, and Singapore frameworks

• Works with the trading desks to understand client needs and track and prioritize high value relationships

• Understands the current state of legislation, regulation, and guidance with respect to OTC derivative transactions globally including Canada, the US, the EU, the UK, Singapore, and other relevant jurisdictions

• Prepares and thoroughly reviews the necessary capital markets agreement requirements and disclosures to ensure TD Securities' regulatory obligations are met

• Participates in TD Securities-wide regulatory implementation efforts for new rules and initiatives, ensuring timely and accurate execution across jurisdictions

• Acts as a key point of contact for Front Office, Legal, Compliance, Credit, on regulatory documentation matters

• Reviews and analyzes TD Securities’ new and existing client base to ensure regulatory compliance daily

• Utilizes technology to track and monitor workflow, maintaining and updating databases with required information

• Produces reports and status updates as required

• Escalates issues proactively and in a timely manner

• Provides timely support across multiple time zones including North America, Europe, and Asia