Senior Counsel, Institutional Derivatives & Trading

Wells Fargo•Charlotte, NC

6d•Hybrid

About The Position

Wells Fargo is seeking a Senior Counsel to join the Corporate & Investment Banking (CIB) Markets Legal team, with a primary focus on repo and secured financing transactions supporting institutional fixed income businesses. This role will concentrate on legal issues related to repo products and documentation, sponsored and agented repo structures and structured repo transactions, with secondary responsibility for legal issues related to derivatives products and documentation (ISDA/CSA) and TBA/Covered Agency products and documentation (MSFTA) and limited exposure to QFC stay and recordkeeping matters. The position supports Wells Fargo Bank, N.A. and its affiliates, including Wells Fargo Securities, LLC, and works closely with trading desks, credit, operations, and risk partners.

Requirements

4+ years of Law experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education.
Active State Bar membership or the equivalent in a country outside the United States.

Nice To Haves

3+ years of significant experience advising on derivatives documentation, including ISDA and CSA frameworks.
3+ years of significant experience with repo, securities lending, or other secured financing transactions.
Exposure to institutional counterparties such as banks, hedge funds, asset managers, insurance companies, or similar financial institutions and related regulation (such as ERISA and the Investment Company Act of 1940).
Working knowledge of U.S. regulatory frameworks applicable to derivatives (e.g., Dodd-Frank-related concepts and margin regulations).
Working knowledge of U.S. regulatory frameworks applicable to repo transactions (e.g., FINRA Rule 4210 and TMPG Best Practices).
Knowledge of FINRA Rule 4210 as it applies to TBAs and Covered Agencies and knowledge of the U.S. Treasury Rule a plus.
Strong analytical skills with high attention to detail and accuracy.

Responsibilities

Provide legal support for repo and secured financing transactions, including bilateral and tri-party repo, securities lending/agented (ALD) repo, sponsored repo and structured repo arrangements.
Advise trading, credit, and operations teams on repo documentation (MRA, GMRA, Long Form Confirmations and Term Sheets), structure, and related legal considerations.
Provide legal advice and counsel for derivatives documentation, including institutional ISDA and CSA questions and issues, and corporate ISDA and CSA questions and issues relevant to the secured financing business.
Provide legal advice for TBA and Covered Agency documentation, including MSFTA questions and issues.
Partner with credit, risk, and operations teams to address collateral, documentation, legal and enforceability issues across jurisdictions.
Support Wells Fargo’s sales and trading desks on complex matters such as the U.S. Treasury Clearing Rule, and other domestic and international regulations.
Draft, review, and analyze complex legal documents related to derivatives and structured repo and related secured financing products.
Support limited netting analysis related to repo, derivatives and TBA activity, including related documentation reviews and coordination of pre-checks and bring-down opinions.
Independently resolve moderately complex legal issues and lead team to meet deliverables
Identify and analyze complex legal issues, develop conclusions, and make recommendations for issue resolution.
Collaborate with peers, colleagues, and mid-level managers to resolve issues and achieve objectives.