Associate, Global Markets Documentation - Advisory and Contract Execution, Prime Brokerage Negotiation

TD is committed to providing fair and equitable compensation opportunities to all colleagues. Growth opportunities and skill development are defining features of the colleague experience at TD. Our compensation policies and practices have been designed to allow colleagues to progress through the salary range over time as they progress in their role. The base pay actually offered may vary based upon the candidate's skills and experience, job-related knowledge, geographic location, and other specific business and organizational needs. 

As a candidate, you are encouraged to ask compensation related questions and have an open dialogue with your recruiter who can provide you more specific details for this role.

The Advisory and Contract Execution Team is an integral part of TD Securities.   The group provides best-of-class service to business partners in TD Bank Financial Group (the Bank) through negotiation and execution of agreements that govern capital markets trading products. The team is committed to providing a seamless client experience while managing the Bank’s risk.

The position will be responsible for providing best-of-class service to clients of TD Securities and internal business partners by preparing and negotiating legal documentation with global counterparties for trading products such as cash prime brokerage and equity derivatives, (i.e. Prime Brokerage Agreements, Term Commitment Agreements, ISDA Master Agreements, Credit Support Annexes, Account Control Agreements, Custody Agreements). The position must ensure that the Bank is sufficiently protected from legal, risk, and operational perspectives in all such trading documents and other legal documentation between the Bank and its counterparties.  The position will be required to build and maintain strong relationships with all stakeholders across the Bank and be available to service the deal flow with tight deadlines from global desks.

The Associate – Global Markets Documentation is responsible for providing best-of-class service to clients of TD Securities and internal business partners by preparing and negotiating legal documentation with global counterparties for trading products such as derivatives, foreign exchange and commodity products, i.e. ISDA Master Agreements, physical commodity agreements, and related credit support documentation.

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  Assist with negotiations of Prime Brokerage Agreements, Term Commitment Agreements, ISDA Master Agreements, CSAs, Account Control Agreements and Custody Agreements with a variety of counterparties, including hedge funds and registered funds.

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  Participate in internal calls with senior credit officers and front office contacts, as well as calls with clients and external legal counsel, to discuss issues that arise during negotiations of trading agreements and/or prime brokerage related documents.

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  Liaise and coordinate with internal stakeholders, such as Credit, Business, Tax, Legal, Operations and Collateral Management, during the documentation process.

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  Provide timely updates to the Business on the status of negotiations, whether via weekly calls or through the team's internal document tracking system.

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  Support internal initiatives related to documentation, process automation, and regulatory compliance.

• Negotiates a robust portfolio of capital markets regulatory agreements globally, ensuring regulatory compliance across specific trading products and jurisdictions, while aligning with internal risk, legal, regulatory and governance frameworks and ensuring accelerated time to market

• Reviews, drafts, and finalizes capital markets regulatory agreements across a range of trading products, ensuring alignment with internal standards and regulatory requirements

• Communicates capital markets regulatory requirements to business lines, clients and their legal counsel in an efficient, business-friendly manner

• Participates in client meetings and calls to provide regulatory advisory and rule interpretation, leveraging understanding of global derivatives regulations including US Dodd-Frank, EMIR, UK, Canadian, and Singapore frameworks

• Works with the trading desks to understand client needs and track and prioritize high value relationships

• Understands the current state of legislation, regulation, and guidance with respect to OTC derivative transactions globally including Canada, the US, the EU, the UK, Singapore, and other relevant jurisdictions

• Prepares and thoroughly reviews the necessary capital markets agreement requirements and disclosures to ensure TD Securities' regulatory obligations are met

• Participates in TD Securities-wide regulatory implementation efforts for new rules and initiatives, ensuring timely and accurate execution across jurisdictions

• Acts as a key point of contact for Front Office, Legal, Compliance, Credit, on regulatory documentation matters

• Reviews and analyzes TD Securities’ new and existing client base to ensure regulatory compliance daily

• Utilizes technology to track and monitor workflow, maintaining and updating databases with required information

• Produces reports and status updates as required

• Escalates issues proactively and in a timely manner

• Provides timely support across multiple time zones including North America, Europe, and Asia

• Law degree is required

• 1+ years of solid legal, trading documentation, capital markets, origination or related experience

• New York Bar Admission

• 1+ years of experience (either at a law firm or a dealer)

• North American prime brokerage negotiation experience, together with experience negotiating term commitment agreements and custody agreements is a plus, but not a requirement.

• Experience negotiating ISDA Master Agreements, Credit Support Annexes and Account Control Agreements with hedge funds and registered funds is a plus, but not a requirement.

• The candidate for this position will enjoy working on legal trading documentation, be able to effectively apply legal and sound risk management principles and display good drafting ability.

• Excellent written and verbal communication skills, good PC skills and the ability to multi-task and meet tight deadlines in a fast-paced trading environment are requirements.

• Strong interpersonal and teamwork skills are essential.

• Ability to work under tight deadlines and flexibility to support global time zones as required.

Never: 0%; Occasional: 1-33%; Frequent: 34-66%; Continuous: 67-100%

• Domestic Travel – Occasional

• International Travel – Never

• Performing sedentary work – Continuous

• Performing multiple tasks – Continuous

• Operating standard office equipment - Continuous

• Responding quickly to sounds – Occasional

• Sitting – Continuous

• Standing – Occasional

• Walking – Occasional

• Moving safely in confined spaces – Occasional

• Lifting/Carrying (under 25 lbs.) – Occasional

• Lifting/Carrying (over 25 lbs.) – Never

• Squatting – Occasional

• Bending – Occasional

• Kneeling – Never

• Crawling – Never

• Climbing – Never

• Reaching overhead – Never

• Reaching forward – Occasional

• Pushing – Never

• Pulling – Never

• Twisting – Never

• Concentrating for long periods of time – Continuous

• Applying common sense to deal with problems involving standardized situations – Continuous

• Reading, writing and comprehending instructions – Continuous

• Adding, subtracting, multiplying and dividing – Continuous

The above statements are intended to describe the general nature and level of work being performed by people assigned to this job. They are not intended to be an exhaustive list of all responsibilities, duties and skills required. The listed or specified responsibilities & duties are considered essential functions for ADA purposes.

TD Bank is an equal opportunity employer.  All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, age, disability, status as a protected veteran or any other characteristic protected under applicable federal, state, or local law.

If you are an applicant with a disability and need accommodations to complete the application process, please email TD Bank US Workplace Accommodations Program at USWAPTDO@td.com.  Include your full name, best way to reach you and the accommodation needed to assist you with the applicant process.