Business Overview:

The Prime Services & Solutions (“PS&S”) team within BNP Paribas CIB Legal is responsible for the provision of legal, structuring, regulatory, advisory and transaction execution support for the equity prime brokerage, securities lending and repo, FXPB and commodities clearing businesses within CIB’s Global Markets division. 

Candidate Success Factors:

Candidates are measured on the following four performance drivers, which will dictate how individual impact is considered on the Americas platform:

• Results and Impact
  • Able to influence peers and team.
  • Demonstrates good judgement when making decisions of high complexity and impact.
  • Exercise appropriate autonomy in the execution and delivery of work. 
  • Responsible for driving outcomes, which have meaningful effect on team or department.
• Leadership and Collaboration:
  • Creates trust with colleagues.
  • Acts in leadership capacity for projects, processes, or programs.
• Client, Customer and Stakeholder Focus: 
  • Able to build relationships with a mix of colleagues and clients.
  • Interacts regularly with management and department leaders.
  • Demonstrates the ability to influence stakeholders at the team level. 
• Compliance Culture and Conduct: 
  • Takes full responsibility for personal actions and demonstrates courage in facing problems and conflicts.
  • Perceived as a person of high moral character; upholds corporate values and displays high ethical standards.

Responsibilities: 

• Provide transactional and contractual support for the Prime Services & Solutions business line, including continued advisory guidance on Treasury Clearing U.S. regulatory changes (i.e., relative to different models offered by FICC and the advantages and risks associated with each; changes to reporting requirements; account structures and the Capped Contingency Liquidity Facility) and development of various Treasury Clearing documentation templates; 
• Negotiate bespoke clearing documentation (including Global Master Repurchase Agreements/MRAs, Sponsored Member Annexes (for clients electing the Sponsored Repo model), Membership Agreements at FICC (as well as revisions to current memberships and review of the limited membership agreements put in place between FICC and BNPP’s Sponsored Member Client and multiple operational forms (as provided throughout the relevant regulations));
• Handle cross-margining / cross-collateralization arrangements and relevant documentation for clients seeking to margin across various asset classes; coordinate approvals of new netting jurisdictions and review of relevant netting opinions;
• Negotiate various transactional documentation with institutional and corporate clients in Latin America, review relevant credit facility documentation for such clients and coordinate with various Functions across BNPP affiliates in Latin America, including Mexico and Brazil;
• Negotiate and advise on customer clearing arrangements (and related documentation);

• Review and negotiate derivatives master agreements including ISDA Master Agreements and Credit Support Annexes, with various margining mechanisms as well as Master Confirmation Agreements and various confirmation templates;
• Review and negotiate ancillary documents including Guarantees, Confidentiality Agreements, and related documentation;
• Address various documentation-related inquiries from internal stakeholders and clients;
• Maintain negotiation trackers and update relevant internal systems with status of negotiations;
• Participate in applicable regulatory implementation projects that may necessitate negotiations and amendment to counterparty trading documentation.

Minimum Required Qualifications:

• U.S. Law Degree or foreign equivalent
• 4+ years of work experience (relevant law firm or in-house experience a plus)
• Experience in drafting and negotiating legal agreements.
• Familiarity with US securities and derivatives regulations, rules and market practices is a plus.  
• Technical: Microsoft OS (Word, Excel, PowerPoint).
• Language: fluency in Spanish preferred

Preferred Qualifications: 

• A self-starter personality capable of working both autonomously as well as in a cross-disciplinary team.
• Excellent analytical, organizational, communication and drafting skills;
• Ability to handle multiple projects simultaneously, prioritize workload and complete assignments efficiently with the sense of urgency and attention to detail in an environment with limited secretarial/admin support; 
• Ability to work across the organization as required and maintain high standards of professionalism in all dealings with team members and internal/external clients;

FINRA Registrations Required:  

• Not Applicable 

CFTC Swap Dealer Associated Person (if yes, NFA Swaps Proficiency Program is required): 

• Not Applicable 

SEC Security-Based Swap Dealer Associated Person:

• Applicable 

The expected starting salary range for this position is between $190,000 to $245,000 annually. The actual salary may vary based upon several factors including, but not limited to, relevant skills/experience, time in role, base salary of internal peers, prior performance, business line, and geographic/office location.

In addition, our comprehensive benefits package aims to support our employees in various aspects of their lives. From healthcare and wellness programs to retirement plans and childcare services, we prioritize the well-being and growth of our employees. Our benefits include medical, dental and vision coverage, a 401(k) Savings Plan, backup childcare, life, accident and disability insurance, mental health support and paid time off. Additional details about our benefits offerings, inclusive of eligibility for a discretionary bonus, will be provided during the hiring process.

This application will remain open until a candidate has been selected for the role. There is no specific application timeline.

About BNP Paribas:

BNP Paribas is a leading bank in Europe with an international reach across the US, EMEA and APAC. It has a presence in 65 countries, with nearly 190,000 employees. The bank employs over 3,500 people in offices in the US across 10 states including New York, Jersey City, Chesterbrook, PA, San Francisco, Boston, Chicago, Denver, Miami, and Washington, DC. BNP Paribas has built a strong and diversified presence to support its client base. We continue to grow and strengthen our commitment to the US market through our Corporate & Institutional Banking activities. We are one of a few non-US banks to offer a full value chain for our clients, from trading to financing, and clearing and custody in the US with the international footprint and capacity to deliver both globally and locally. Leveraging the strength of our European roots, our network can support clients in virtually every region of the world, enabling more connectivity and efficiency wherever our clients conduct business. We take pride in our expertise and our ability to adapt while constantly looking ahead to create a more sustainable world.

As an international company with a global footprint, the unique cultures and viewpoints of our team members are an integral part of the fabric of BNP Paribas. We are a company with a purpose - to be a responsible and sustainable global leader. We aim to create an environment where our employees feel empowered to drive change, make an impact and be true to themselves. We employ talented individuals from a wide variety of backgrounds, locally and globally, and are inspired by our employees who help us in cultivating a diverse, equitable and inclusive workplace through initiatives such as our Diversity, Equity & Inclusion (DEI) Leadership Forum and Employee Resource Group (ERG) communities. We strive to be a workplace where all team members can grow and thrive and offer robust training, development, and mentoring opportunities to make that vision a reality. Our leaders are deeply committed to DEI and highly accessible to our employees, consistently soliciting feedback on how we can continue to support our employees to reach their highest potential. 

BNP Paribas. The Bank for a Changing World - https://usa.bnpparibas/en/homepage/join-us/our-opportunities/

BNP Paribas is committed to providing a work environment that fosters diversity, inclusion, and equal employment opportunity without regard to race, color, gender, age, creed, sex, religion, national origin, disability (physical or mental), marital status, citizenship, ancestry, sexual orientation, gender identity and gender expression, or any other legally protected status.

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