Derivatives Legal Counsel

Madison-Davis, LLC; New York (NY); On-site; USD 180,000 - 250,000; Full time

Job summary

Madison-Davis, LLC is seeking an experienced Derivatives Attorney to support its fixed income and markets businesses. The role covers rates, FX, credit, structured risk solutions, and Latin American markets, with exposure to corporate and private equity clients, and requires independent management of complex negotiations from review through execution.

The ideal candidate will have a J.D. and NY Bar, 5+ years in finance law, and proven skill in negotiating ISDA documentation, margin agreements,

Qualifications

• J.D. or equivalent law degree is required.
• Active NYS Bar in good standing is required.
• 5+ years of relevant legal experience at a financial institution or leading law firm.
• Extensive experience negotiating derivatives documentation and related trading agreements.
• Familiarity with master agreements such as MRA, GMRA, GMSLA and MSFTA.
• Experience with loan-linked ISDA provisions and related credit agreements.
• Strong negotiation, drafting, analytical and stakeholder-management skills.
• Latin America experience and/or Spanish-language capabilities are a plus.

Responsibilities

• Provide legal advice to fixed income sales and trading across derivatives.
• Draft and negotiate ISDA Master Agreements, collateral arrangements, and related trading documentation.
• Independently manage negotiations from initial documentation through final execution.
• Negotiate margin CSAs, cleared derivatives documentation, FX master agreements, NDAs, and other ancillary agreements.
• Work with clients and external counsel to resolve legal, credit, collateral, and documentation issues.
• Collaborate with internal stakeholders across sales, trading, credit risk, treasury, tax, compliance, onboarding, and more.
• Advise on derivatives-related regulatory documentation, including Dodd-Frank protocols and delegated reporting arrangements.
• Conduct legal due diligence on counterparty capacity, netting, and collateral enforceability.
• Monitor regulatory developments affecting derivatives documentation and trading activity.
• Review and apply relevant industry opinions on enforceability matters.
• Support transactions involving derivatives connected to lending arrangements and related credit documentation.

Skills

Derivatives negotiation

Contract drafting

Regulatory compliance

Stakeholder management

Spanish language

Education

J.D. or equivalent law degree

Active NYS Bar in good standing

Job description

A global financial institution is seeking an experienced Derivatives Attorney to support its fixed income and markets businesses. The role will provide legal coverage across rates, foreign exchange, credit, structured risk solutions, and Latin American markets, with significant exposure to corporate and private equity clients. This position is suited for an attorney with strong derivatives documentation experience who can independently manage sophisticated negotiations from initial review through execution.

RESPONSIBILITIES

• Provide legal advice to fixed income sales and trading businesses across a range of derivatives and markets products.
• Draft and negotiate ISDA Master Agreements, collateral arrangements, and related trading documentation.
• Independently manage negotiations from initial documentation through final execution.
• Negotiate initial and variation margin CSAs, cleared derivatives documentation, FX master agreements, NDAs, and other ancillary agreements.
• Work directly with clients and external counsel to resolve legal, credit, collateral, and documentation issues.
• Partner closely with sales and trading, credit risk, treasury, collateral management, tax, compliance, onboarding, and other internal stakeholders.
• Advise on derivatives-related regulatory documentation, including Dodd-Frank protocols, uncleared margin documentation, resolution stay requirements, and delegated reporting arrangements.
• Conduct legal due diligence involving counterparty capacity and authority, netting considerations, and collateral enforceability.
• Monitor regulatory developments and industry initiatives affecting derivatives documentation and trading activity.
• Review and apply relevant industry legal opinions when evaluating documentation and enforceability matters.
• Support transactions involving derivatives connected to lending arrangements and related credit documentation.

QUALIFICATIONS

• J.D. Or equivalent law degree from an accredited institution.
• Active member in good standing of the New York State Bar.
• 5+ years of relevant legal experience with a financial institution or leading law firm.
• Strong experience negotiating derivatives documentation and related trading agreements.
• Familiarity with additional industry master agreements, including MRA, GMRA, GMSLA, and MSFTA.
• Experience with loan-linked ISDA provisions and related credit agreements.
• Familiarity with industry legal opinions, including issues involving netting and collateral enforceability.
• Strong negotiation, drafting, analytical, and stakeholder-management skills.
• Latin America experience and/or Spanish-language capabilities are a plus