Associate General Counsel - Derivatives

Truist Bank • Charlotte, NC

1d

About The Position

The support of Truist’s Derivatives business and management of its master trade agreement review and negotiations process involves reviewing and negotiating master trade agreement documentation with third parties, including corporate end-users and financial entities, and advising a wide variety of Truist stakeholders including the commodity, equity, foreign exchange, and rate derivatives marketing teams, credit, risk and operational functions with respect to such documentation. Legal services will include: (i) drafting, reviewing and negotiating master agreements and related margin documentation, and other trading contracts and coordinating relevant internal approvals, (ii) managing the master trade agreement negotiation process, including overseeing individuals conducting the activity and utilizing efficiencies in streamlining the process, and (iii) assistance in drafting and/or reviewing internal policies and risk management procedures related to the master trade agreement negotiation process.

Requirements

• Juris Doctorate degree from an ABA accredited law school and licensed to practice law in good standing
• Ten years of post-bar experience in a law firm, government, and/or corporate settings.
• Possess effective personnel management skills
• Possess superior written and verbal communication skills
• Ability to prioritize matters, utilize time management skills, and move between matters fluidly
• Ability to handle a heavy workload, manage stress effectively and meet critical deadlines
• Able to work autonomously without close supervision
• Team-oriented mentality and excellent interpersonal skills
• Demonstrated proficiency in basic computer applications, such as Microsoft Office software products

Nice To Haves

• Experience with the review and negotiation of MRA, MSFTA, and MSLAs, including any accompanying collateral documentation.
• Experience with the negotiation and drafting of derivatives documentation (including advanced level of the review and negotiation of ISDA master agreements, credit support annex, protocols, confirmations and definitions.
• Experience with the drafting, review and negotiations of Initial Margin documentation.

Responsibilities

• Provide significant internal client legal support day to day, on an independent basis, potentially as lead legal liaison.
• Responsible for assessing complex legal risk, providing legal advice, and/or assisting in resolving legal problems which may represent potential exposure to the company.
• Keeps abreast of legislation, regulations, and case law developments that affect the company and the banking industry in area of practice.
• May prepare and/or review documents and other instruments, represent the company in transactions, litigation, bankruptcy matters, or alternative dispute resolutions (as applicable), performing legal research and analysis, maintaining files and records
• Identify need for and when necessary, select, engage, and direct outside counsel to undertake specific matters.
• Supervises direct report(s), providing work direction and supervision to other legal staff regarding support on active matters, cases, or projects.

Benefits

• All regular teammates (not temporary or contingent workers) working 20 hours or more per week are eligible for benefits, though eligibility for specific benefits may be determined by the division of Truist offering the position.
• Truist offers medical, dental, vision, life insurance, disability, accidental death and dismemberment, tax-preferred savings accounts, and a 401k plan to teammates.
• Teammates also receive no less than 10 days of vacation (prorated based on date of hire and by full-time or part-time status) during their first year of employment, along with 10 sick days (also prorated), and paid holidays.
• Depending on the position and division, this job may also be eligible for Truist’s defined benefit pension plan, restricted stock units, and/or a deferred compensation plan.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree
• Number of Employees: 5,001-10,000 employees