New York, NY
Lead Counsel, Institutional Derivatives & Trading
About this role:
Wells Fargo is seeking a Lead Counsel as part of the Corporate Investment Banking Legal Division.
This position is responsible for providing legal services to the institutional and international derivatives, FX, Repo, TBA and other fixed income trading businesses of Wells Fargo Bank and its affiliates, including Wells Fargo Securities, LLC. Also supports Wells Fargo's sales and trading desks on matters involving Dodd-Frank, related CFTC and SEC Rules, IM and VM Margin Rules, FINRA Rule 4210 and other domestic and international laws pertaining to traded products and to exchange trading, clearing, margining, reporting and other requirements of financial reform initiatives. Will also work with attorneys supporting prime brokerage.
Develops strong working relationships with senior management of the Spread and Macro businesses of the Markets business of Wells Fargo Bank, N.A., and assists in developing the overall legal coverage strategy and philosophy of support and decision-making for this business. Works closely with senior leaders to evaluate the legal and commercial impact of major decisions where applicable law, regulations, or facts are unclear, controversial, or conflicting. Independently develops and renders opinions, consults with, and advises clients on commercial, legal, and regulatory matters. Provides regulatory, structuring, documentation and transactional support related to derivatives and fixed income products offered to U.S. and non-U.S. persons and entities. Represents Wells Fargo on transactions and advocacy efforts inside and outside the organization. Reads, writes, analyzes, and interprets complex documents. Provides support when needed on matters outside areas of primary coverage, including other asset classes. Also supports Wells Fargo as an end user of derivatives and FX products, repo, TBA and Covered Agency products. Manages outside counsel support and legal expense. Follows Legal Department policies and procedures in carrying out support and matter management responsibilities.
For additional information on this line of business, refer to the external Careers Site at Wellsfargo.com/career
In this role, you will:
**Due to a city-wide mandate in New York City, all individuals who perform in-person work or interact with the public during business must be fully vaccinated against COVID-19. At this time, this position falls under the scope of this mandate. **
Pay Range
$144,400.00 - $300,000.00 Annual
Benefits
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Wells Fargo is seeking a Lead Counsel as part of the Corporate Investment Banking Legal Division.
This position is responsible for providing legal services to the institutional and international derivatives, FX, Repo, TBA and other fixed income trading businesses of Wells Fargo Bank and its affiliates, including Wells Fargo Securities, LLC. Also supports Wells Fargo's sales and trading desks on matters involving Dodd-Frank, related CFTC and SEC Rules, IM and VM Margin Rules, FINRA Rule 4210 and other domestic and international laws pertaining to traded products and to exchange trading, clearing, margining, reporting and other requirements of financial reform initiatives. Will also work with attorneys supporting prime brokerage.
Develops strong working relationships with senior management of the Spread and Macro businesses of the Markets business of Wells Fargo Bank, N.A., and assists in developing the overall legal coverage strategy and philosophy of support and decision-making for this business. Works closely with senior leaders to evaluate the legal and commercial impact of major decisions where applicable law, regulations, or facts are unclear, controversial, or conflicting. Independently develops and renders opinions, consults with, and advises clients on commercial, legal, and regulatory matters. Provides regulatory, structuring, documentation and transactional support related to derivatives and fixed income products offered to U.S. and non-U.S. persons and entities. Represents Wells Fargo on transactions and advocacy efforts inside and outside the organization. Reads, writes, analyzes, and interprets complex documents. Provides support when needed on matters outside areas of primary coverage, including other asset classes. Also supports Wells Fargo as an end user of derivatives and FX products, repo, TBA and Covered Agency products. Manages outside counsel support and legal expense. Follows Legal Department policies and procedures in carrying out support and matter management responsibilities.
For additional information on this line of business, refer to the external Careers Site at Wellsfargo.com/career
In this role, you will:
- Lead complex initiatives with broad impact and act as a key participant in large scale planning
- Provides guidance to senior management on complex legal and regulatory matters with significant impact on business initiatives, strategy, and performance
- Assess legal risk associated with all risk types and develops strategies for reducing legal exposure.
- Lead analysis of and response to legal, regulatory, reputational, compliance, and policy matters within area of expertise
- Identify and analyze complex legal issues, develop conclusions, and make recommendations for issue resolution
- Serve as the primary legal contact for assigned clients
- Collaborate within the department and across business and staff functions to address legal and risk issues in a manner consistent with the best interests of Wells Fargo.
- Take an active role in the development, oversight and delegation of tasks to more junior staff.
- May lead initiatives of varying scope and complexity.
- 5+ years of Law experience, or equivalent demonstrated through one or a combination of the following: work experience, training, military experience, education
- Active State Bar Membership
- Experience as a practicing attorney
- 5+ years of significant experience in representing clients with respect to derivatives and FX products, and/or repo, TBA and Covered Agency transactions
- Significant experience with institutional customers (Banks, Hedge Funds, Investment Managers, 1940 Act Funds, Pension Plans and Insurance Companies) and related regulation (such as ERISA and the Investment Company Act of 1940); experience with corporate customers and/or international customers (institutional or corporate) a plus
- Significant knowledge and experience with U.S. and foreign laws, rules and regulations relevant to derivatives and FX transactions and/or repo, TBA and Covered Agency , including the Dodd-Frank Act; related CFTC and SEC Rules, IM and VM Margin Rules, FINRA Rule 4210, Sections 23A and B of the Federal Reserve Act; securities, commodities and investment laws (including clearing, margining, disclosure, licensing requirements and conflicts of interests); bankruptcy laws (including netting laws); and laws related to corporate compliance and governance matters.
- Extensive experience conducting research and providing counsel and guidance regarding complex legal issues.
- Strong attention to detail and accuracy.
- Ability to work effectively in a complex environment with a high degree of collaboration.
**Due to a city-wide mandate in New York City, all individuals who perform in-person work or interact with the public during business must be fully vaccinated against COVID-19. At this time, this position falls under the scope of this mandate. **
Pay Range
$144,400.00 - $300,000.00 Annual
Benefits
- Information about Wells Fargo's employee benefits
At Wells Fargo, we believe in diversity, equity and inclusion in the workplace; accordingly, we welcome applications for employment from all qualified candidates, regardless of race, color, gender, national origin, religion, age, sexual orientation, gender identity, gender expression, genetic information, individuals with disabilities, pregnancy, marital status, status as a protected veteran or any other status protected by applicable law.
Employees support our focus on building strong customer relationships balanced with a strong risk mitigating and compliance-driven culture which firmly establishes those disciplines as critical to the success of our customers and company. They are accountable for execution of all applicable risk programs (Credit, Market, Financial Crimes, Operational, Regulatory Compliance), which includes effectively following and adhering to applicable Wells Fargo policies and procedures, appropriately fulfilling risk and compliance obligations, timely and effective escalation and remediation of issues, and making sound risk decisions. There is emphasis on proactive monitoring, governance, risk identification and escalation, as well as making sound risk decisions commensurate with the business unit's risk appetite and all risk and compliance program requirements.
Candidates applying to job openings posted in US: All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, disability, or status as a protected veteran.
Recommended Skills
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- Customer Relationship Management
- Decision Making
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