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VP, Lead Capital Markets Document Negotiator
Wells Fargo
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About this role
Corporate & Investment Bank (CIB) delivers a comprehensive suite of banking, capital markets and advisory solutions, including a full complement of sales, trading and research capabilities, to corporate, government and institutional clients. We focus on our clients' overall financial needs, with consideration and respect for their total relationship with Wells Fargo.
CIB Chief Operating Office (COO) supports the business seamlessly across all geographic regions by delivering platforms, processes and systems across a wide range of disciplines. This includes business management, strategy & innovation, data transformation, client lifecycle management, and risk management. COOs also align to each business to bring synergy, consistency, and transparency of COO functions specific to each line of business.
About this role: Wells Fargo is seeking a Lead Capital Markets Document Negotiator for the negotiation of various trading agreements as part of the growth of Wells Fargo’s US trading business within Corporate & Investment Banking. This position is in New York or Charlotte and will support the region. This is a hybrid role with some in office expectation. Learn more about our career areas and lines of business at wellsfargojobs.com.
In this role, you will: • Prepare, negotiate and track various trading and financing agreements such as the ISDA Master Agreement (“ISDA”), the Cleared Derivative Execution Agreement (“CDEA”), the Master Repurchase Agreement ("MRA"), the Global Master Repurchase Agreement (“GMRA”), the Sponsored Repo Annex, the Master Securities Forward Trading Agreement ("MSFTA") and the SIFMA Done With form with counterparties such as dealers, banks, hedge funds, investment managers and special purpose vehicles with an emphasis on insurance companies. • Drive new business pipeline with all stakeholders according to business priorities (working closely with business to establish and manage priorities as necessary) • Work on various projects, including regulatory implementation, amending and updating templates, processes and systems • Identify and mitigate business and legal risks within compliance requirements • Identify and recommend opportunities for process improvement • Collaborate and influence all levels of professionals including senior Sales and Trading management
Required Qualifications: • 5+ years of Capital Markets Document Negotiation experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
Desired Qualifications: • Solid understanding of ISDAs, CDEAs, MRAs, GMRAs, MSFTAs and related documentation including account control agreements • Solid understanding of Dodd Frank documentation issues including Regulatory Variation Margin and Initial Margin requirements • Existing negotiation relationships with significant US counterparties and understanding of the related documentation issues • Have experience reviewing and affirming counterparty organizational documentation and jurisdictional guidelines to ensure legal contract enforcement, collateral offset and that close out netting capabilities are maximized • Strong analytical skills with high attention to detail and accuracy, particularly as they relate to ongoing regulatory initiatives • Negotiator must demonstrate understanding of, and adherence to, relevant compliance, credit, legal, regulatory, operational and business policies and procedures and be able to explain and articulate documentation issues concisely and clearly to internal stakeholders with the ability to think through solutions • Team player with excellent communication skills and ability to articulate complex material to a diverse audience such as customers and senior management • Ability to practice a high degree of organization so that multiple negotiations can be prioritized and managed • Excellent understanding of the underlying transaction and security documents and be able to grasp and articulate basic credit, operational, legal and business issues which arise during the negotiation and execution processes
Job Expectations: • Excellent understanding of the underlying transaction and security documents and be able to grasp and articulate basic credit, operational, legal and business issues which arise during the negotiation and execution processes. • This position is subject to FINRA background screening requirements. Candidates must successfully complete and pass a background check prior to hire. In accordance with FINRA rules, individuals who are subject to statutory disqualification are not eligible to be associated with a FINRA-registered broker-dealer. Successful candidates must also meet and comply with ongoing regulatory obligations, which include periodic screening and mandatory reporting of certain incidents. • Specific compliance policies may apply regarding outside activities or personal investing; affected employees will be expected to provide information to the Wells Fargo Personal Account Dealing Team and abide by applicable policy requirements if hired. Information will be shared about expectations during the recruitment process.
Posting Location: New York, NY: 30 Hudson Yards
Salary Range: New York, NY: $167K - $260K USD Annual
Pay Range Reflected is the base pay range offered for this position. Pay may vary depending on factors including but not limited to demonstrated examples of prior performance, skills, experience, or work location. Employees may also be eligible for incentive opportunities. $167,000.00 - $260,000.00 Benefits
Wells Fargo provides eligible employees with a comprehensive set of benefits, many of which are listed below. Visit Benefits - Wells Fargo Jobs for an overview of the following benefit plans and programs offered to employees. • Health benefits • 401(k) Plan • Paid time off • Disability benefits • Life insurance, critical illness insurance, and accident insurance • Parental leave • Critical caregiving leave
Salary insight
The midpoint of this range ($214k) is about 29% above the median disclosed salary for New York roles listed on ForgeApply ($165k across 8,280 jobs).
Based on live postings with disclosed pay on ForgeApply; refreshed daily. Not an estimate of this employer's offer.
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