Junior Attorney - Negotiator – Capital Optimization
Credit Suisse is a leading global wealth manager with strong investment banking and asset management capabilities. Founded in 1856, Credit Suisse has expanded to be a global force employing over 45,000 people in 50 countries. With new leadership, a new strategy and a streamlined global organization, we are set for growth. We partner across businesses, divisions and regions to create innovative solutions to meet the needs of our clients—and to help our employees grow. It is a high priority for us to continually invest in our employees by providing ongoing opportunities for training, networking and mobility. Join us and let's shape the future of Credit Suisse together.
As part of the Capital Optimization & Regulatory Implementation (CORI) team with the following areas of responsibility:
Work on opinions and legal advice relating to netting and collateral enforceability advice for legal, credit risk and capital purposes, to comply with Basel 3 requirements as implemented by FINMA, CRDIV, US, and other regulators.
Obtain and/or review legal opinions from external counsel on due diligence, netting and collateral enforceability for all types of master netting agreements for derivatives and securities financing transactions (SFTs).
Make recommendations to senior management on due diligence, netting and collateral enforceability for legal systems, capital adequacy and credit line utilization purposes.
Assist in the development and maintenance of netting policy and interface with other internal stakeholders on related projects.
Review master agreements for derivatives and SFTs and rules of exchanges and clearing houses in the light of requirements and recommendations to determine the netting status and other matters between Credit Suisse and its counterparties.
Provide legal guidance with respect to global regulatory developments impacting the firm’s derivatives, securities financing, and clearing businesses.
Partner with various departments within the firm to monitor, evaluate, and address the global business impact of regulatory and rule changes and draft related policies and procedures; advise senior front-office and compliance management regarding relevant challenges and solutions.
Promote awareness of applicable regulatory and accounting capital and liquidity requirements related to Basel III and Resolution and Recovery Planning.
Manage and oversee close-out and insolvency matters through appropriate use of internal or external counsel.
Participates and represents the firm in industry initiatives and associations.
Credit Suisse maintains a Working Flexibility Policy, subject to the terms as set forth in the Credit Suisse United States Employment Handbook.
A law degree and qualification as an Attorney.
Minimum 2 – 5 years -relevant experience working in the banking / securities / financial services industry.
Expert understanding of netting principles and Basel III regulatory standards.
Ability to collaborate closely with stakeholders from different disciplines, bank colleagues, and within a team.
Solid risk analysis skills and judgment, legal and regulatory knowledge, interpersonal skills and transaction execution skills.
Confident team-player, a creative and strategic thinker with the ability to influence and develop trusted relationships with clients and team members.
Excellent organizational skills and ability to prioritize effectively; ability to work under pressure without compromising quality.
Ability to assess, draft and negotiate complex legal terms related to specific area of expertise and related regulatory and compliance issues.
Ability to evaluate CS's position with regard to compliance with current and emerging regulatory and governmental standards and initiatives where applicable.
Ability to communicate complex or difficult legal concepts and negotiate and influence others to adopt different points of view.
Solid familiarity with ISDAs, SFTs, clearing and related transactions and agreements.
Is eager to grow and learn both within and outside of her/his area of expertise; and as an individual. Stretches her-/himself and others to manage things forward.
Fully complies with the bank's code of conduct and all applicable laws, regulations and policies. Shows true concern for compliance and control standards, protects the bank's reputation and earns our clients' trust. Is diligent, disciplined and organized in her/his work: meets deadlines, strives for high quality, has complete documentation.
Proposes solutions that truly fit clients' needs and colleagues' requests. Communicates effectively; moves easily from discussion to agreement. Is calm and confident with clients/colleagues.
Assumes accountability for their actions and results. Contributes to a positive and inclusive team environment, inspires others. [If a people leader] Effectively leads a team: communicating, setting direction, making decisions, intervening when off track. Delegates and empowers: assigns clear responsibilities and manages performance.
Where relevant obtain, understand, and put into practical use advice from US, English, and other law firms pertaining to specialized counterparties or to advise stakeholders on legal risks.
Ability to define and communicate the outstanding issues arising from credit and business related provisions to a broad audience.
Knowledge of insolvency law or secured transactions law or prior experience working with funds or in asset management is highly preferable.
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