Derivatives Legal/Onboarding Specialist

The Manager/Analyst will assist the Director of Onboarding Solutions with the implementation of the Global Derivatives Services target operating model as well as be accountable for the execution of a best- practices in onboarding and relationship management in support of the organization's exchange-traded, over-the-counter (OTC) and centrally-cleared derivative requirements.
All activities are to be coordinated amongst Global Derivatives Services, Operations, Asset Management, Front Office, Legal, Compliance and Brokers. The candidate must be pro-active, assertive and highly professional. The candidate will have a combination of derivatives industry experience, derivatives legal documentation knowledge, onboarding experience, relationship management skills, and practical business insight.

Primary Responsibilities:

• Lead initiative to establish standards for derivatives legal documentation including but not limited to ISDAs, CSAs, MSFTAs, Clearing Agreements and Account Control Agreements.
• Assessment of current state of derivatives legal documentation
• Identify SMEs, key contributors and approvers for derivative legal documentation standards
• Interview the SMEs to identity the key negotiable terms and desired standards for the derivatives legal agreements
• After standards have been agreed, perform a gap analysis of standards versus current state
• Support the legal team in closing any documentation deficiencies identified
• Establish governance process for ongoing application of standards
• Identify additional legal documentation that may be required to support future business growth and/or regulatory changes
• Engage with the onboarding of new accounts and/or new broker relationships that require new or updated legal agreements
• Identity methods to track any triggers included in the legal documentation
• Ensure proper storage and inventory of all legal agreements
• Contribute to requirements and selection of a document management system, and lead the implementation of a document management system
• Contribute to the successful management of broker relationships
• Continuously evaluate, identify and recommend practices and controls that will increase efficiency and mitigate financial and operational risks

Knowledge/Skills/Competencies/Education:

• Relevant undergraduate education or advanced degree - Business Administration, Finance, Economics, etc. required
• Minimum 5 years of relevant industry experience with at least 3 years of hands-on experience in derivative products
• Solid understanding of derivative instruments including futures and options, interest rate, credit and cross currency swaps and foreign exchange transactions
• In depth knowledge of International Swap & Derivatives Association (ISDA) documentation and CSAs
• Familiarity with Dodd-Frank centrally cleared swap requirements and ability to navigate new regulatory requirements and changes as they apply to derivative products
• Familiarity with MS Office suite, derivative system software and third party market-data providers
• Solid organizational skills and a high degree of professionalism combined with the ability to readily adapt to rapidly changing environments and deal with competing priorities
• Team player with demonstrated experience building and maintaining good working relationships both internally and externally
• Excellent analytical skills and the ability to think through problems, assess a variety of factors and recommend solutions
• Insurance Company and Asset Manager industry experience an asset
• Familiarity with various fund structures: mutual funds, pooled funds, private funds, UCITS, institutional accounts and insurance general accounts