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Job Title: Senior Documentation Negotiator
Company Name: HSBC
Location: New York, NY
Position Type: Full Time
Post Date: 11/18/2017
Expire Date: 12/19/2017
Job Categories: Accounting/Auditing, Banking, Finance/Economics, Financial Services, Information Technology, Installation, Maintenance, and Repair, Legal, Sales, Counseling, Executive Management, Research & Development
Job Description
Senior Documentation Negotiator

 

The CDG’s primary function is to support and facilitate the treasury and capital market business of the HSBC Group with its clients by supporting sales and counterparty relationship managers through the negotiation of traded products master agreements documentation and related amendment agreements (primarily derivatives (ISDA) and securities financing master agreements), in accordance with Group and local policies.

Impact on the Business
 
    • Primary responsibility is the timely, consistent and effective negotiation of treasury product documentation upon request from group relationship managers and group offices offering a client friendly service to both internal and external clients to help our internal clients facilitate their business.
 
    • Work closely with onboarding functions, and in particular with the Client Management Group to ensure that the client service offering across Global Banking and Markets Onboarding is unified and seamless.
 
    • Liaise with client Relationship Managers, Legal, Sales, Credit, Operations, Tax and other internal stakeholders to ensure that the appropriate terms are included in all agreements to ensure the effective protection of the Bank in line with Group policies and procedures.
 
    • Adhere to performance standards with respect to turnaround times and escalation/abandonment guidelines agreed with business partners.
 
    • Comply with Audit, Compliance, Legal and Risk Management requirements (including Treasury Documentation Policy).
 
    • Provide guidance and advice relating to traded products master agreement documentation to internal clients where required
 
    • Oversee the creation and maintenance of appropriate records, databases/systems and filing systems. Ensuring that documentation information is accurately recorded on appropriate systems and all management reports are produced in a timely fashion.
    • Encourage and support team and Group colleagues in their understanding of and need for executing treasury product documentation.
    • Provide support to Team Leader on additional projects such as documentation remediation projects (i.e. amendments to original terms).
 
Customers / Stakeholders
  • Provide prompt, commercial, practical and high quality legal advice to all relevant business areas.
  • Be proactive in the provision of legal support and in advising the relevant function promptly of material legal developments and their implications.
  • Build and maintain positive and effective relationships with internal and other appropriate external parties
 
 
Leadership & Teamwork
  • Provide legal advice that is succinct, easy to understand, and adds value by identifying the root cause of the problem and seeing the ‘bigger picture’
  • Evidence that the job holder has taken the initiative, anticipated events, looked for added involvement and responsibility in cases and provided solutions
  • Evidence that the jobholder has sought to understand the client’s needs and is able to negotiate a satisfactory conclusion where stakeholders have differing goals
Operational Effectiveness & Control
  •  Provide legal advice that is succinct, easy to understand, and adds value by identifying the root cause of the problem and seeing the ‘bigger picture’Evidence that the job holder has taken the initiative, anticipated events, looked for added involvement and responsibility in cases and provided solutions
  • Evidence that the jobholder has sought to understand the client’s needs and is able to negotiate a satisfactory conclusion where stakeholders have differing goals
Major Challenges
  • Establish and maintain relationships with various stakeholders, across multiple geographies and cultural diversities
  • Maintain a detailed knowledge of HSBC Group operations and policies
  • Ensure that the business areas act in compliance with bank and departmental policies and procedures
  • Think independently and act on one’s own counsel, being mindful of always providing pragmatic and commercial advice
  • Be alert to external legal, political and regulatory considerations and implications

Management of Risk
The jobholder will also continually reassess the operational risks associated with the role and inherent in the business, taking account of changing economic or market conditions, legal and regulatory requirements, operating procedures and practices, management restructurings, and the impact of new technology.
 
This will be achieved by ensuring all actions take account of the likelihood of operational risk occurring.  Also by addressing any areas of concern in conjunction with line management and/or the appropriate department
 
Observation of Internal Controls  
The jobholder will also adhere to and be able to demonstrate adherence to internal controls. This will be achieved by adherence to all relevant procedures, keeping appropriate records and, where appropriate, by the timely implementation of internal and external audit points, including issues raised by external regulators.
 
The jobholder will implement the Group compliance policy by containing compliance risk in liaison with Global Head of Compliance, Global Compliance Officer, Area Compliance Officer or Local Compliance Officer. The term ‘compliance’ embraces all relevant financial services laws, rules and codes with which the business has to comply.
 
This will be achieved by adhering to all relevant processes/procedures and by liaising with Compliance department about new business initiatives at the earliest opportunity. Also and when applicable, by ensuring adequate resources are in place and training is provided, fostering a compliance culture and optimising relations with regulators.



 



As you complete your online application, please use source code: Historically Black Colleges and Universities. If you would like to notify HSBC's Diversity Recruiting team of your application, please e-mail diversity.recruiting@us.hsbc.com.

Qualifications & Requirements

Knowledge & Experience / Qualifications


 


Ideally, have a legal background (qualified lawyer or law degree) and experience negotiating ISDA Master Agreements and CSAs with corporates, banks, insurance companies and sovereigns across multiple jurisdictions.  Experience with credit agreements (as related to the ISDA Master), repurchase agreements (MRA and GMRA) and FCDTAs is strongly preferred. 

 

Successful candidate will:


  • be proactive and dynamic
  • have the ability to work autonomously with minimal supervision
  • Minimum of 4 years experience demonstrating excellent knowledge of a variety of traded markets master agreement documentation and their underlying products (in particular, ISDA and other market standard derivatives and securities financing agreements) and credit, legal, regulatory and operational issues/risks relating thereto
  • have a big picture understanding of the financial markets and understands business and regulatory implications of documentation aspects
  • be responsive and focused on client service
  • be commercial and solutions focused with the ability to draft appropriate legal provisions reflecting the agreed outcome
  • be highly organized
  • have excellent interpersonal and communication skills
  • be capable of building strong relationships with key stakeholders and external clients
  • be able to give guidance to key stakeholders and strategically think through solutions
  • be able to work effectively in a pressurized and time sensitive environment
  • display a flexible and adaptive approach to work
  • In addition to English, any of the following language skills would be an advantage: French, German, Italian, Spanish or Portuguese.

EEO/AA/Minorities/Women/Disability/Veterans

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Contact Information
Company Name: HSBC
Website:https://hsbc.taleo.net/careersection/externalnam2/jobdetail.ftl?job=00008V7Q&lang=en&src=
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