BNP Paribas
Assistant Vice President Derivatives Documentation Attorney
BNP Paribas, New York, NY
Business Overview:
The Global Markets Americas (CCFR), Legal team covers various transactional, documentation and regulatory matters relating to trading in CCFR Products, including derivatives documentation for institutional and corporate clients and FX Prime Brokerage business.
Candidate Success Factors:
Candidates to be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
Responsibilities:
• Provide coverage for FX Prime Brokerage ("FXPB") Business, including participation in development of new offerings and negotiation of various FXPB Agreements, Give Up Agreements, Electronic Trading Agreements and similar documentation;
• Review and negotiate derivatives documentation including ISDA Master Agreements ("ISDAs") and Credit Support Annexes ("CSAs"), Global Master Repurchase Agreements ("GMRAs"), Master Repurchase Agreements ("MRAs"), Master Securities Forwards Transaction Agreements ("MSFTAs") with various margining mechanisms for different types of clients (corporates, government agencies, banking and financial institutions etc.) for several BNPP entities (BNP Paribas, BNP Securities Corp. and BNPP Asset Management);
• Review and analyze Credit Agreements, Security Agreements and related financing documentation to determine hedging requirements and restrictions, confirm treatment of hedging counterparties vis-à-vis other secured and unsecured creditors and reflect appropriate cross-default and termination provisions in ISDAs / CSAs;
• Review and negotiate ancillary documents including Guarantees, Confidentiality Agreements, Account Control Agreements, Custodial Undertaking Agreements and related documentation;
• Review and analysis of netting opinions in various jurisdictions;
• Handle transactional work for Commodities, Credit, FX and Rates product area, including review and negotiation of various bespoke deal documentation;
• Address various documentation-related inquiries from internal stakeholders and clients;
• Maintain negotiation trackers and update relevant internal systems with status of negotiations;
• Participate in applicable regulatory implementation projects that may necessitate negotiations and amendment to counterparty trading documentation.
Minimum Required Qualifications:
• Experience in negotiating derivatives documentation highlighted above;
• Experience with financing documentation for corporate entities, including familiarity with direct and syndicated loan agreements, security agreements, participation agreements and related documentation;
• Familiarity with recent US and cross-border derivatives regulatory framework, including Dodd-Frank and EMIR requirements for financial institutions and corporate entities, margining parameters for various types of trades and products, CFTC requirements and similar regulations, rules and market practices;
• Technical: Microsoft OS (Word, Excel, Powerpoint), digitization tools.
Preferred Qualifications:
• Excellent analytical, organizational, communication and drafting skills;
• Ability to handle multiple projects simultaneously, prioritize workload and complete assignments efficiently with the sense of urgency and attention to detail in an environment with limited secretarial/admin support;
• Ability to work across the organization as required and maintain high standards of professionalism in all dealings with team members and internal/external clients;
FINRA Registrations Required:
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
SEC Security-Based Swap Dealer Associated Person:
The expected starting salary range for this position in New York (or if the location is in New Jersey we'll indicate New Jersey) is between $150,000 to $190,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.
About BNP Paribas:
In the United States, BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business.
BNP Paribas' Corporate & Institutional Banking services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services.As the asset management arm of BNP Paribas, BNP Paribas Asset Management offers high value-added solutions to individual savers, companies, and institutional investors.
The bank employs nearly 6,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.
BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in65 countries, with nearly 190,000 employees.The Bank offers a comprehensive range of banking, investment and financial services solutions through three main fields of activity: Retail Banking for the Bank's retail-banking networks and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, BNP Paribas helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.
We are a company with a purpose - to be a responsible and sustainable global leader - and we aim to create the kind of environment where our employees feel empowered to drive change, make an impact and be true to themselves. Diversity, equity, and inclusion (DEI) are integral to BNP Paribas' goals as a company. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by the work our employees do to foster a diverse, equitable and inclusive workplace through initiatives like our internal Employee Resource Groups.
We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.
BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.
The Global Markets Americas (CCFR), Legal team covers various transactional, documentation and regulatory matters relating to trading in CCFR Products, including derivatives documentation for institutional and corporate clients and FX Prime Brokerage business.
Candidate Success Factors:
Candidates to be measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:
- Results and Impact
- Impacts division and influences peers and team
- Demonstrates good judgement when making decisions of high complexity and impact
- Relies on limited guidance for most complex decision making
- Is responsible for driving outcomes which have meaningful effect on team or department
- Leadership and Collaboration
- Creates trust with department leaders
- Acts in leadership capacity for large projects, processes, or programs for a team
- Client, Customer and Stakeholder Focus
- Able to build relationships with a mix of intermediate and senior colleagues or clients
- Interacts regularly with management and department leaders
- Demonstrates the ability to persuade and influence stakeholders at the team level
- Compliance Culture and Conduct
- Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts
- Perceived as a person of high moral character; upholds corporate values and displays high ethical standards
Responsibilities:
• Provide coverage for FX Prime Brokerage ("FXPB") Business, including participation in development of new offerings and negotiation of various FXPB Agreements, Give Up Agreements, Electronic Trading Agreements and similar documentation;
• Review and negotiate derivatives documentation including ISDA Master Agreements ("ISDAs") and Credit Support Annexes ("CSAs"), Global Master Repurchase Agreements ("GMRAs"), Master Repurchase Agreements ("MRAs"), Master Securities Forwards Transaction Agreements ("MSFTAs") with various margining mechanisms for different types of clients (corporates, government agencies, banking and financial institutions etc.) for several BNPP entities (BNP Paribas, BNP Securities Corp. and BNPP Asset Management);
• Review and analyze Credit Agreements, Security Agreements and related financing documentation to determine hedging requirements and restrictions, confirm treatment of hedging counterparties vis-à-vis other secured and unsecured creditors and reflect appropriate cross-default and termination provisions in ISDAs / CSAs;
• Review and negotiate ancillary documents including Guarantees, Confidentiality Agreements, Account Control Agreements, Custodial Undertaking Agreements and related documentation;
• Review and analysis of netting opinions in various jurisdictions;
• Handle transactional work for Commodities, Credit, FX and Rates product area, including review and negotiation of various bespoke deal documentation;
• Address various documentation-related inquiries from internal stakeholders and clients;
• Maintain negotiation trackers and update relevant internal systems with status of negotiations;
• Participate in applicable regulatory implementation projects that may necessitate negotiations and amendment to counterparty trading documentation.
Minimum Required Qualifications:
- JD Degree or equivalent;
- 2+ years of work experience (relevant law firm or in-house experience a plus);
- Professional bar licensing in NY State or equivalent US State bar;
• Experience in negotiating derivatives documentation highlighted above;
• Experience with financing documentation for corporate entities, including familiarity with direct and syndicated loan agreements, security agreements, participation agreements and related documentation;
• Familiarity with recent US and cross-border derivatives regulatory framework, including Dodd-Frank and EMIR requirements for financial institutions and corporate entities, margining parameters for various types of trades and products, CFTC requirements and similar regulations, rules and market practices;
• Technical: Microsoft OS (Word, Excel, Powerpoint), digitization tools.
Preferred Qualifications:
- A self-starter personality capable of working both autonomously as well as in a cross-disciplinary team;
• Excellent analytical, organizational, communication and drafting skills;
• Ability to handle multiple projects simultaneously, prioritize workload and complete assignments efficiently with the sense of urgency and attention to detail in an environment with limited secretarial/admin support;
• Ability to work across the organization as required and maintain high standards of professionalism in all dealings with team members and internal/external clients;
- Language: fluency in Spanish is a plus.
FINRA Registrations Required:
- Not Applicable
CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required):
- Not Applicable
SEC Security-Based Swap Dealer Associated Person:
- Applicable
The expected starting salary range for this position in New York (or if the location is in New Jersey we'll indicate New Jersey) is between $150,000 to $190,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.
About BNP Paribas:
In the United States, BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business.
BNP Paribas' Corporate & Institutional Banking services corporate clients and institutional investors offering tailored solutions in financing, cash management, and advisory services to companies via Corporate Banking, in capital markets via Global Markets, and in securities custody and administration via Securities Services.As the asset management arm of BNP Paribas, BNP Paribas Asset Management offers high value-added solutions to individual savers, companies, and institutional investors.
The bank employs nearly 6,000 people and has a presence in the country since the late 1800s in major cities including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver and Washington, DC.
BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in65 countries, with nearly 190,000 employees.The Bank offers a comprehensive range of banking, investment and financial services solutions through three main fields of activity: Retail Banking for the Bank's retail-banking networks and several specialized businesses including BNP Paribas Personal Finance and Arval; Investment & Protection Services for savings, investment and protection solutions; and Corporate & Institutional Banking, focused on corporate and institutional clients. Based on its strong diversified and integrated model, BNP Paribas helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realize their projects through solutions spanning financing, investment, savings and protection insurance.
We are a company with a purpose - to be a responsible and sustainable global leader - and we aim to create the kind of environment where our employees feel empowered to drive change, make an impact and be true to themselves. Diversity, equity, and inclusion (DEI) are integral to BNP Paribas' goals as a company. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by the work our employees do to foster a diverse, equitable and inclusive workplace through initiatives like our internal Employee Resource Groups.
We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.
BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/
BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.