Job Description
Summary
Master agreement attorney to provide advice and documentation support to the range of business lines and products that comprise CA-CIB’s derivatives, repo and sec lending activities.
Key responsibilities
· Provide local management and supervision for a team supporting the review, preparation, negotiating, and booking of master agreements arising out of the bank’s U.S. operations
· Review, prepare and negotiate various (a) industry master agreements and related collateral agreements (including ISDAs, CSAs, GMRAs, MRAs, GMSLAs, MSLAs etc.), custodial undertaking agreements and control agreements in connection with the foregoing; (b) guarantees and similar forms of credit support; and (c) other miscellaneous agreements
· Responsibilities include (a) preparing summaries of changes from original requests; (b) communicating directly with CACIB’s counterparties regarding specific terms of the relevant documentation; (c) inputting of contract information into the bank’s database; (d) responding to various in-house inquiries from front office, legal, credit, client onboarding, and collateral management on status of negotiations, current terms in executed agreements, and summary of client forms proposed; and (e) reviewing and summarizing industry netting and collateral opinions in response to specific questions and inputting responses into the bank’s “netting tool”
· Advise relevant areas of CACIB, including front office, risk, and compliance, with respect to various pertinent matters of the document negotiation being undertaken
· Assist in the development of forms and template documents used by covered businesses
· Engage, coordinate, and supervise external counsel acting on behalf of CA-CIB in all relevant jurisdictions and on all relevant subject matter
· Prepare and contribute to numerous internal reports and systems relating to the management of legal risk
· Stay current on market and legal developments affecting covered businesses and products
· Uphold CA-CIB’s codes of ethics, culture and conduct in all matters, including with respect to matters of diversity and inclusion and the identification and escalation of financial crimes risks
Management and Reporting
· Reports to the Head of the Master Agreements Team in the U.S. Legal Department
· Will be subject to the responsibility of the Head of Legal for Canada for purposes of local rules regarding the practice of law and provision of legal services within an organization
Key Internal contacts
Relevant front office, legal, risk and compliance personnel
Key External contacts
Various outside counsel
Salary Range: $155 - $170k (CAD)