Derivatives Attorney

Morgan Stanley is seeking an in-house attorney to provide legal advice and coverage to the private side Corporate Derivatives Group in Global Capital Markets (GCM CDG) which engages in interest rate swaps and foreign exchange derivative transactions with institutional corporate and private equity clients. These derivative transactions are often structured transactions that are executed in connection with mergers and acquisitions, new issue bond financings, and credit facilities that span a range of types, including syndicated loans, warehouse lending and project finance. The transactions are risk -managed by interest rate, foreign exchange and counterparty credit risk (XVA) trading desks in Morgan Stanley's Fixed Income Division (FID). As a result, the attorney will play an integral role in advising not only GCM CDG but also relevant FID desks and their support functions, including Finance, the Credit Department and Operations.

Responsibilities will include:
> Advising GCM CDG, the relevant FID desks and their support functions on the legal analysis of structured transactions, including swaps secured by credit facilities across a wide array of facility types (syndicated loans, warehouse facilities, project finance, etc.).
o The attorney will play a critical role in working with external counsel on legal matters for structured transactions and articulating the legal risk view of such transactions to diverse groups within the Firm who review and signoff on these types of transactions, including the relevant trading desk, the XVA desk, the Credit Department, Finance and Operations.
> Advising the desks on U.S. legal and regulatory matters, including the Dodd Frank Act, securities law and bankruptcy law.
o This includes providing legal advice as to how such laws, rules and regulations should be interpreted and liaising with external counsel, where appropriate, in order to reach a legal conclusion.
> Working closely with the business to provide legal advice, along with internal legal and compliance professionals and external counsel, on transactions, including potential trade ideas, development of new products or transactions, live trading issues, and counterparty risk matters (including counterparty defaults and closeouts of swaps).
o This includes drafting and negotiating contracts related to such transactions and reviewing and commenting on drafts prepared by external counsel, in order to ensure that such contracts reflect the legal and economic terms that have been agreed.
> Working closely with the business, front office risk management and compliance as the legal advisor on governance, legal and regulatory policies and procedures, and the development and implementation of risk control frameworks.
> Participating in industry working groups focused on legal matters impacting these asset classes, including ISDA interest rate, foreign exchange and other industry documentation working groups. > Candidate should be a trained lawyer with at least 7 years of experience in bank finance, financial services or corporate law with proficiency in derivatives and a general understanding of securities laws.
> Candidates should be willing to work collaboratively with the business and different functional groups in a fast-paced environment with ever-changing demands that arise from market conditions and client needs. Candidates should also be able to work on multiple matters, often in parallel, and be inquisitive and think strategically about legal issues, and analyze and evaluate potential risks and mitigation alternatives from a legal, regulatory and franchise perspective.

Salary will be competitive and level will be Executive Director.

WHAT YOU CAN EXPECT FROM MORGAN STANLEY:

We are committed to maintaining the first-class service and high standard of excellence that have defined Morgan Stanley for over 89 years. Our values - putting clients first, doing the right thing, leading with exceptional ideas, committing to diversity and inclusion, and giving back - aren’t just beliefs, they guide the decisions we make every day to do what's best for our clients, communities and more than 80,000 employees in 1,200 offices across 42 countries. At Morgan Stanley, you’ll find an opportunity to work alongside the best and the brightest, in an environment where you are supported and empowered. Our teams are relentless collaborators and creative thinkers, fueled by their diverse backgrounds and experiences. We are proud to support our employees and their families at every point along their work-life journey, offering some of the most attractive and comprehensive employee benefits and perks in the industry. There’s also ample opportunity to move about the business for those who show passion and grit in their work.

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Morgan Stanley's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the first choice for prospective employees.

It is the policy of the Firm to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

Morgan Stanley is an equal opportunity employer committed to diversifying its workforce (M/F/Disability/Vet).