Associate Director, Markets Contracts Negotiation,US (New York)

This job is with Standard Chartered Bank, an inclusive employer and a member of myGwork – the largest global platform for the LGBTQ+ business community. Please do not contact the recruiter directly.

Job Summary

Markets Contracts (MC) specialises in negotiations of derivatives, REPO, and securities lending documentation (ISDA, GMRA, GMSLA) via multiple Client segments (Investment Managers, Investment Banks and Global Corporates) across the Global footprint of the Bank. The MC team operates in a highly regulated and time sensitive environment and ensures the foundational documentation, upon which the Bank can safely offer trading, across a whole variety of Markets products, is in place.

An MC negotiator is a critical role that underpins much of the Bank's business. An ability to negotiate master trading documentation as efficiently as possible and within the Banks risk appetite is crucial. The MC team deliver work across multiple jurisdictions in support of multiple stakeholders and business segments. The work is high profile, sensitive, and often complex. The role provides a broad, holistic perspective of transaction management challenges and requirements across the organisation.

Key Responsibilities

• Support MC to deliver on the vision, strategy, direction for MC regionally, consistent with the vision and strategy for MC Global and in support of the Group's strategic direction and growth aspirations.
• Ensuring all ISDA, GMSLA, and GMRA documentation is in compliance with the terms and spirit of the relevant Bank policies and procedures (including Operational Risk).
• Working closely with and engaging with internal stakeholders, legal, tax, etc, teams where required.
• Drafting and negotiation of relevant documentation framework as outlined in policy and procedure in line with credit approvals. Safekeeping the original versions of the executed Master Agreements (where applicable), other agreements, instruments, writings and documents for the business requests from other FMC centres.
• Reviewing and confirming all required documentation is in line with Client and Banks expectations, including procedure and policy requirements, relevant approvals for exceptions are recorded, etc.
• Maintenance of centralised work tracking tools to enable both Regional and Global executive overview of work status and progress.
• Pro-active efficient and timely escalation of emerging and or realised risks
• Provide assistance/ support for any other ad-hoc tasks as assigned by the MC Regional teams, e.g. coordination of committee-related activities, such as ACCT, NCEC tasks, EAR checks, etc.

Our Ideal Candidate

• Minimum 7 years relevant or transferable knowledge and experience in the financial services sector
• Strong knowledge of master agreement documentation typically entered into by the Bank; including UMR/IM documentation.
• Strong understanding of legal risks associated with master agreement documentation.
• Experienced ISDA, GMRA, GMSLA negotiator, fluent in the credit support annexes and applicable regulations.
• Good knowledge of the concept of minimum acceptance criteria and collateral verification requirements.
• Proven ability to work with stakeholders situated in other jurisdictions to negotiate master agreement documentation.
• Demonstrated ability to work in a fast-moving, demanding environment whilst maintaining high quality output, good analytical skills, risk-based approach and excellent attention to detail.
• Strong organisational and prioritising skills are essential.
• Strong team player with excellent communication skills in order to effectively liaise with and develop close working relationships with stakeholders and business partners, across various jurisdictions.
• Ability to quickly assimilate complex syndication and bilateral lending deals and product structures.
• Fluent English language both spoken and written - additional languages will be an advantage.

About Standard Chartered

We're an international bank, nimble enough to act, big enough for impact. For more than 170 years, we've worked to make a positive difference for our clients, communities, and each other. We question the status quo, love a challenge and enjoy finding new opportunities to grow and do better than before. If you're looking for a career with purpose and you want to work for a bank making a difference, we want to hear from you. You can count on us to celebrate your unique talents and we can't wait to see the talents you can bring us.

Our purpose, to drive commerce and prosperity through our unique diversity, together with our brand promise, to be here for good are achieved by how we each live our valued behaviours. When you work with us, you'll see how we value difference and advocate inclusion.

Together we:

• Do the right thing and are assertive, challenge one another, and live with integrity, while putting the client at the heart of what we do
• Never settle, continuously striving to improve and innovate, keeping things simple and learning from doing well, and not so well
• Are better together, we can be ourselves, be inclusive, see more good in others, and work collectively to build for the long term

What we offer

In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

• Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
• Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
• Flexible working options based around home and office locations, with flexible working patterns.
• Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
• A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
• Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

Recruitment Assessments

Expected annual base pay range for the role is 132,800 USD to 199,200 USD. The final offer will be determined on an individualised basis using a number of variables, including but not limited to skill set, depth of experience and education, internal relativity, and specific work location. At Standard Chartered Bank, Base pay is only part of the total compensation package. Discretionary variable pay and a range of attractive bank sponsored benefit programs are available and designed to foster employee overall health and well-being including, but not limited to, a best in class 401k plan with up to 8% employer match, robust medical plan coverage with employer funded Health Savings Accounts, inclusive family building benefits, and flexible/hybrid working arrangements for many of our positions subject to role specific considerations

Some of our roles use assessments to help us understand how suitable you are for the role you've applied to. If you are invited to take an assessment, this is great news. It means your application has progressed to an important stage of our recruitment process.

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