Treasury Middle Office Department-Financial Market Documentation AVP

Bank of China Limited, New York Branch • New York, NY

1d • $65,000 - $150,000

About The Position

The incumbent will assist in drafting, reviewing, and maintaining global markets related legal agreements; keeping track of related regulatory developments and evaluating their impacts; putting forth implementation plans; preparing related analysis reports to the management and Head Office; monitoring credit risk events and developing courses of actions to manage the credit risk proactively.

Requirements

• Bachelor’s degree is required, preferably in Law-related majors and with minor in Finance or Economics.
• A minimum of 5 years of legal-related experience in global market business, like ISDA agreement, derivative/bond business compliance is required.
• Knowledge of global markets products and related risk management; prudential regulators’ regulatory requirements relating to global markets business is required.
• Document review, legal research and case analysis skills are required.

Nice To Haves

• Master’s degree or above is highly preferred.
• 3 years or above regulator and law firms’ liaison experience is preferred
• 1 year or above financial market business related experience is preferred.
• Candidates who have passed the NY State Bar Examination are preferred.
• Bilingual abilities in English and Chinese are highly preferred.

Responsibilities

• Draft and negotiate global markets business related agreements, including ISDA, VM CSA, GRMA and etc., and partner with Legal Office and external counsel on finalizing the agreements.
• Draft and update the templates for the up mentioned agreements.
• Provide coaching and training to other team members or other departments on the up mentioned agreements and related issues.
• Liaise with Head Office with regards to related agreements, and assist Head Office and other branches in negotiating related global markets agreements if requested.
• Establish and adopt policies, procedures, and standards of conduct that proactively manage the compliance risk of the global markets business.
• Oversee, monitor, and enforce the above-mentioned compliance programs, and assess the effectiveness during their enforcement; make necessary changes if required.
• Provide training and education to team members on the above-mentioned compliance programs.
• Promptly communicating with the second line regarding questions and issues in the workplace.
• Maintain proper and adequate documentation regarding the compliance work.
• Assist in development and implementation of policies and procedures that proactively manage the credit risk of the global markets business.
• Monitor clients’ credit risk by collecting market movements, and communicating with CRDs regularly and upon learning potential risk events.
• Track and analyze CRC reports to evaluate the effectiveness of current credit risk control measures.
• Keep records of the credit terms in ISDA agreements and provide support to traders in case of clients’ default.
• Keep track of regulatory changes and provide assessment reports.
• Monitor market practice changes by collecting market movements and facilitate analytical and ad-hoc report on market conditions / events in order to support strategic decision making.
• Communicate with stakeholders (e.g. Fed, OCC, ISDA, CFTC, SEC) to obtain policymaking insights.
• Acting as the department's regulatory change coordinator, providing timely responses to the LCD as requested.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level