Director, Managing Counsel - Fixed Income

Page Executive; North America; Hybrid; Confidential; Full time

Job summary

A top investment banking firm is seeking a Director, Managing Counsel to provide legal and regulatory guidance. Responsibilities include advising on repo and securities lending, serving as primary U.S. counsel, and collaborating with various business units. Ideal candidates will have a JD, 5-10+ years of relevant experience, and US State Bar admission. The position offers a competitive salary, cash bonus, equity, and a hybrid working environment.

Benefits

Base salary

Cash bonus

Equity

Excellent benefits

Hybrid working model

Opportunity for growth

401 (k)

Qualifications

• 5-10+ years of experience ideally in-house or at an AmLaw 100 firm.
• US State Bar Admission.
• Experience advising on repo, securities lending, and swaps.

Responsibilities

• Provide regulatory guidance and legal advice on repo and securities lending.
• Serve as primary U.S. counsel for regulatory implementation.
• Collaborate with front office on regulatory inquiries.

Skills

Securities law

Legal drafting

Negotiation skills

Regulatory guidance

Determining compliance

Education

JD from US ABA accredited law school

Job description

Overview

Investment bank with hybrid schedule and long term growth opportunities. Provide legal support to securities lending, sales and trading activities.

About Our Client

Top investment banking client.

Job Description

The Director, Managing Counsel will be a key member of the investment bank's legal team with a focus on providing legal and regulatory guidance to key business units.

Main Responsibilities

• Serve as counsel providing regulatory guidance and legal advice on all matters relating to repo (including sponsored repo and whole loan repo programs), securities lending and swap activities
• Serve as primary U.S. counsel on the Firm's Treasury Clearing Mandate regulatory implementation efforts
• Serve as secondary counsel to Fixed Income sales & trading businesses, including FX, Rates, credit, derivatives, high yield, distressed trading and electronic trading, and all related legal and regulatory matters
• Advise on regulatory considerations and new initiatives
• Assist team of attorneys providing escalation support to Trade Documentation Group on various agreements, including ISDAs, CSAs, MRAs, GMRAs, MSFTA and MSLAs
• Perform major role in collaborating with front office, Litigation and control functions across the enterprise as needed regarding regulatory inquiries and special remediation efforts arising out of covered business lines
• Provide coverage of Title VII/Swap Dealer matters including regulatory margin requirements for OTC derivatives
• Assist in managing external counsel relationships

The Successful Applicant

• JD from US ABA accredited law school
• 5-10+ years of experience ideally gained in-house supporting the securities lending and sales and trading desk of an investment bank, with prior experience at an AmLaw 100 firm highly preferred
• US State Bar Admission
• Must be solutions oriented with a securities law mindset when it comes to advising on the structuring of transactions
• Must have experience advising on repo (including sponsored and whole-loan repo), securities lending, and swaps
• Experience with FX, rates, credit, derivatives, high-yield, distressed trading, electronic trading, and related initiatives
• Strong understanding of ISDA framework
• Excellent drafting and negotiating skills
• Ability to simplify legal advice for multiple stakeholders within a fast paced business

What's on Offer

• Base salary
• Cash bonus
• Equity
• Excellent benefits
• Hybrid working model
• Opportunity for growth
• 401 (k)