Senior Counsel, Senior AVP- Credit Trading Attorney

Wells Fargo Bank•Charlotte, NC

About The Position

About this role: Wells Fargo is seeking a Senior Counsel in the Markets Section of the Legal Department to support the loan trading and portfolio hedging business. For additional information on this line of business, refer to the external Careers Site at Wellsfargo.com/career. This position is responsible for providing legal services advice and counsel to the loan trading and portfolio hedging business of Wells Fargo Bank and its affiliates, including Wells Fargo Securities LLC. In this role, you will: Provide legal advice and counsel to the loan sales and trading business, including sales, trading, credit, compliance, and operations functions Review and analyze moderately complex challenges for the loan trading business that require an in-depth evaluation of variable factors Manage moderately complex matters of legal significance to the loan trading business and develop and render opinions, consult with, and advise clients on legal and regulatory matters Draft complex legal documents, review and negotiate documents prepared by outside counsel 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 Coach, mentor and provide oversight with less experienced attorneys or staff Collaborate with peers, colleagues, and mid-level managers to resolve issues and achieve goals Work directly with loan trading business clients and develop an in depth understanding of par loan and distressed trading business activities and products Partner with business leaders and management of other corporate departments to develop and implement risk management programs Provide counsel and advice regarding related cleared derivates and bilateral hedging transactions subject to ISDA Master Agreements and ISDA Credit Derivatives Definitions

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 in representing clients with respect to secondary loan trading (both par and distressed), secondary trading of distressed securities (including reorganized equity and bonds), corporate restructurings and related processes (both in a bankruptcy process and out of court) and related documents (plan support agreements, transaction support agreements, ad hoc creditor group arrangements), debt exchanges, and debtor-in-possession and exit financings
Significant knowledge and experience with U.S. laws, rules and regulations relevant to loan transactions, including product and banking laws (the Dodd-Frank Act, the Bank Holding Company Act, the Gramm Leach Bliley Financial Modernization Act, and Sections 23A and B of the Federal Reserve Act, etc.); bankruptcy laws, laws relating to secured transactions and creditors’ rights
Experience, knowledge and familiarity with LSTA and ISDA documentation including relevant ISDA Definitions (e.g., Credit Derivatives)
Legal fixed income transactional and related regulatory experience in a corporate legal department, including advising on portfolio hedging transactions
Strong analytical skills with high attention to detail and accuracy
Experience building partnerships and consulting effectively with leadership
Ability to execute in a fast paced, high demand environment while balancing multiple priorities

Responsibilities

Provide legal advice and counsel to the loan sales and trading business, including sales, trading, credit, compliance, and operations functions
Review and analyze moderately complex challenges for the loan trading business that require an in-depth evaluation of variable factors
Manage moderately complex matters of legal significance to the loan trading business and develop and render opinions, consult with, and advise clients on legal and regulatory matters
Draft complex legal documents, review and negotiate documents prepared by outside counsel
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
Coach, mentor and provide oversight with less experienced attorneys or staff
Collaborate with peers, colleagues, and mid-level managers to resolve issues and achieve goals
Work directly with loan trading business clients and develop an in depth understanding of par loan and distressed trading business activities and products
Partner with business leaders and management of other corporate departments to develop and implement risk management programs
Provide counsel and advice regarding related cleared derivates and bilateral hedging transactions subject to ISDA Master Agreements and ISDA Credit Derivatives Definitions