ISDA Negotiator

Citizens Bank is recruiting for its derivatives group within the Commercial Legal team. This role, an ISDA negotiator role, will primarily support Citizens’ Global Markets business and its other divisions and affiliates, as necessary. The ISDA Negotiator will have a leading role in negotiating various trading agreements as described below, as well as managing the documentation processes, procedures and reporting as necessary.

Responsibilities:

• Independently review and negotiate ISDA Master Agreements (both the 1992 and 2002 forms) and proprietary FX Agreements for the Citizens to face and transact with counterparties who are represented by counsel, senior executives and/or derivatives advisors.
• Stay educated and understand legal and regulatory developments impacting derivatives regulation and ISDA documentation.
• Support developing processes and procedures designed to maintain, record and store trading documentation such as executed ISDA Agreements, counterparty authority documentation, and credit support documents
• Manage trading documentation, deal flow and maintain reports to track all outstanding and executed documentation.
• Liaise with senior Citizens' Business, Credit, Legal and Compliance personnel in order to address issues relating to trading documentation and ensure documentation templates reflect Citizens' Credit policies and are compliant with current laws and regulations.

Qualifications:

• Minimum of 8 years of experience at a financial institution supporting the derivatives business across various product lines.
• Candidate must have a sound understanding of the ISDA Master Agreement, the ISDA documentation architecture, Credit Support Annexes (IM and VM), control agreements, various ISDA asset class definitions, confirmations and certain ISDA protocols.
• Possess a general understanding of interest rate swaps, commodity swaps, and certain FX transactions such as deliverable forwards, NDFs, and FX options documented under an ISDA Master Agreement.
• Experience with MSFTAs is a plus.
• Thrive in a team-based working environment, meticulous attention to detail, ability to meet deadlines on a consistent basis and excellent interpersonal and written/verbal communication skills.
• Knowledge of derivatives rules under Dodd Frank and various overseas jurisdictions is a plus.
• Expected to be a self-starter who can quickly take on an independent portfolio of working matters and build internal credibility for processing files to completion.

Education:

• Bachelor’s Degree required

Pay Transparency 

The salary range for this position is $175,000 - $185,000 per year, plus an opportunity to earn an annual discretionary bonus. Actual pay is based on various factors including but not limited to the work location, and relevant skills and experience.

We offer competitive pay, comprehensive medical, dental and vision coverage, retirement benefits, maternity/paternity leave, flexible work arrangements, education reimbursement, wellness programs and more. Note, Citizens’ paid time off policy exceeds the mandatory, paid sick or paid time-away policy of every local and state jurisdiction in the United States. For an overview of our benefits, visit https://jobs.citizensbank.com/benefits.