Derivatives Attorney
Boston, MA 
Share
Posted 16 days ago
Job Description

At MFS, you will find a culture that supports you in doing what you do best. Our employees work together to reach better outcomes, favoring the strongest idea over the strongest individual. We put people first and demonstrate care and compassion for our community and each other. Because what we do matters - to us as valued professionals and to the millions of people and institutions who rely on us to help them build more secure and prosperous futures.

What you will be responsible for:

This position assists the investment support legal team by: (i) onboarding clients to trade derivatives products, including OTC and cleared derivatives, repurchase transactions, prime brokerage transactions, to-be-announced securities and related transactions; (ii) onboarding dealer counterparties with which clients may trade such products; and (iii) ensuring compliance with all applicable laws, rules and regulations in connection with the trading of such products.

Primary Responsibilities:

  • Support the onboarding of clients for derivatives trading and coordinate client onboarding across various departments, including client services, trading, operations and investment compliance.
  • Support the onboarding of dealer counterparties by negotiating and amending a broad array of derivatives and other trading agreements directly with dealer counterparties, including ISDAs and CSAs, Futures Agreements, MRAs, MSFTAs and related control agreements.
  • Negotiate agreements for access to electronic trading platforms, including SEFs, MTFs, etc.
  • In connection with the onboarding of dealer counterparties and clients, ensure that all applicable regulatory requirements (including SEC, CFTC, Dodd-Frank, EMIR, and other jurisdictional requirements) are met.
  • Monitor changes to global derivatives regulation and advise internal stakeholders.
  • Ensure all needs and requirements of the investment team are met in connection with the trading of derivative products.
  • Respond to ad-hoc requests from derivatives brokers, internal and external clients, and in-house attorneys.
  • Follow established procedures, policies, protocols, and schedules to ensure that work is performed in accordance with set deadlines.
  • Manage paralegals by providing prioritization, direction, training and coaching in order to accomplish projects and tasks. Make recommendations regarding employment, performance measurement, development and other related personnel activities.
  • Assume additional responsibilities as needed.

Qualifications:

  • JD with at least 7 - 10 years of work experience in legal or financial services including at least 5 years' experience with derivatives transactions.
  • Buy-side experience preferred but not required.
  • Knowledge and understanding of the laws, rules and regulations applicable to derivatives trading, including Dodd-Frank and EMIR, as applicable, without limitation, to execution, reporting, clearing and margin rules.
  • Experience negotiating trading agreements for various instruments and platforms, including ISDAs and CSAs, Futures and Cleared Swaps Agreements, MRAs, MSFTAs, SEFs, and MTFs.
  • Experience working with multiple client types preferred, including '40 Act funds, UCITS, ERISA funds, LLCs, Superannuation Trusts, and in multiple jurisdictions, including the US, EU, Canada, Japan and Australia.
  • Exceptional team working, and interpersonal, skills with a client service focus.
  • Exceptional organizational skills with excellent attention to detail.
  • Must be thorough, persistent, and self-motivated with strong problem-solving skills.
  • Must be able to function with a high degree of independence and accuracy.
  • Must be able to work on multiple projects while meeting competing and inflexible deadlines.

#LI-MM1

#LI-HYBRID

#LI-HYBRID

What we offer:
  • Generous time-off provided: including "Responsible time off" for many roles, paid company holidays when the US Stock Exchange is closed, plus paid volunteer time
  • Family Focus: Up to 20 weeks of paid leave for new parents, back-up care program, dependent care flexible spending account, adoption assistance, generous caregiver leave
  • Health and Welfare: Competitive medical, vision and dental plans, plus tax-free health savings accounts with company contributions
  • Wellness Programs: Robust wellness webinars, employee assistance program, gym reimbursement through our medical plans, fitness center discounts and more
  • Life & Disability Benefits: Company-paid basic life insurance and short-term disability
  • Financial Benefits: 401(k) savings plan, Defined Contribution plan- 15% of base salary invested into the Plan, competitive total compensation programs

MFS is a hybrid work environment (remote/onsite) unless otherwise stated in the job posting.

This position will require individuals to be fully vaccinated against COVID-19 as part of their job responsibilities, unless MFS approves an exemption as an accommodation due to a medical condition or sincerely held religious belief. Submission of an exemption request does not guarantee that an exemption will be approved or that the request can be accommodated.

If any applicant is unable to complete an application or respond to a job opening because of a disability, please contact MFS at 617-954-5000 or email for assistance.

MFS is an Affirmative Action and Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Please see the EEO is the Law document and Pay Transparency Nondiscrimination Provision, linked for your reference.


MFS is an Affirmative Action and Equal Opportunity Employer and it is our policy to not discriminate against any employee or applicant for employment because of race, color, religion, sex, national origin, age, marital status, sexual orientation, gender identity, genetic information, disability, veteran status, or any other status protected by federal, state or local laws. Employees and applicants of MFS will not be subject to harassment on the basis of their status. Additionally, retaliation, including intimidation, threats, or coercion, because an employee or applicant has objected to discrimination, engaged or may engage in filing a complaint, assisted in a review, investigation, or hearing or have otherwise sought to obtain their legal rights under any Federal, State, or local EEO law is prohibited. Click here to view the EEO is the Law poster and supplement.

 

Job Summary
Start Date
As soon as possible
Employment Term and Type
Regular, Full Time
Required Experience
7 to 10 years
Email this Job to Yourself or a Friend
Indicates required fields