Associate – ISDA Documentation
Position Description
Financing Documentation and Related Responsibilities:
• Drafting and negotiating flow repo documentation. Obtaining capacity advice where relevant. Working with sales and marketing coverage with progress and setting priorities. Elevating issues to the desk and risk;
• Dealing with daily securities lending and repo documentation queries from the trading desk, sales and marketing as well as operations and collateral groups;
• Liaising with the desk to facilitate and negotiate repo triparty agreements with Euroclear, The Bank of New York Mellon, JPMorgan Chase Bank, and other custodial institutions;
• Providing general coverage for and beginning workday in line with the relevant trading desks;
• Dealing with trading MDs and other senior members of the firm on a regular basis; and
• Soft skills: building and maintaining successful relationships with individuals and groups of varying seniority levels and personality types.
Skills Required
Experience Required:
• Knowledge of the 2000 or 2011 GMRA is ideal but not essential;
• Understanding of structure and function of repurchase transactions (what the transactions are, various structures and purposes for entering into such trades) is ideal but not essential;
• Understanding of trade type relationship to repo documentation as drives balance sheet and reporting requirements;
• Working knowledge of regulatory issues, particularly in relation to securities lending in various markets;
• Experience with deadlines and time management/complex project organization; and
• Law firm or in-house position focusing on repo/GMRA is ideal but not essential. Emphasis on expert drafting and negotiation skills. Preferably employed by or seconded to a bank in a documentation or transaction management role
Essential Skills:
Excellent people skills (will interface with people who have varied skill levels);
Excellent written and oral communication skills;
European language skills would be helpful but not essential;
General comfort with Technology (particularly Microsoft Word, any spreadsheets);
Quick learner - including learning internal computer systems; and
Ability to set, track, achieve and report on short/long term goals and projects
Essential Characteristics:
Confident, Comfortable interacting with junior and senior colleagues, Organized, Detail-oriented, Self-starter (highly proactive), Commercial, Willing to assist / teach / learn from other members of the team.
Education Level:
Top academic credentials. Proven post-qualification experience. UK or US qualification would be ideal but not essential.
Morgan Stanley is an equal opportunities employer. We work to provide a supportive and inclusive environment where all individuals can maximise their full potential.
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