Managing Director and Counsel – Head of Global Markets Legal (Americas)
Business type
Types of Jobs - Legal
Job title
Managing Director and Counsel – Head of Global Markets Legal (Americas)
Contract type
Permanent Contract
Job summary
Credit Agricole Corporate and Investment Bank (CACIB) seeks a senior capital markets transactional lawyer to act as Head of Global Markets Legal (GML) for the Americas. Based in New York, the position will report to the General Counsel for CACIB Americas with a dotted line to the Global Head for GML. The Head of GML Americas will be directly responsible for managing a team of attorneys in New York and coordinating with regional hubs in Canada and Brazil. Covered businesses include the full array of capital markets, derivatives, and securitization products and services engaged in by CACIB in the Americas, including debt and equity capital markets, term ABS, strategic equity transactions, the bank’s MTN and CP programs, securitization (direct and through the bank’s U.S. ABCP conduits), and related investment banking and advisory activities. The successful candidate will (1) be familiar with all disciplines covered by the team, with strong subject matter expertise in core capital markets activities, (2) demonstrate a track record of strong management skills and change management capacity in a sophisticated and challenging business environment, (3) have a creative, adaptable, solutions-oriented, and client-focused mindset, and (4) adopt a thoughtful and collegial approach with internal colleagues across the bank.
Responsibilities
- The Head of GML Americas is responsible for managing and supervising the GML teams in the Americas including NY. Ensuring appropriate legal coverage for the GMD, global investment banking (GIB) and other business lines covered by the Americas GML team and coordinating as appropriate with respect to coverage for cross-entity/branch transactions.
- The GML team legal coverage includes:
- Supporting the Global Markets and GIB Divisions and other divisions covered by providing legal services (in both a transactional and advisory role) covering the full range of CA-CIB’s activities for Global Markets and other business lines covered by the team.
- Securitization in GMD – conduit related, ABS and project bonds;
- ECM transactions, including ATMs (at the market offerings), convertible bond issuances, secondary sales, 10b5-1 agreements, etc.
- US Commercial Paper Program in Treasury.
Supplementary Information
- Strategic equity transactions (SET), including forwards in conjunction with ATMs, total return swaps and other equity derivative transactions, ASRs (accelerated share repurchases).
- Supporting the Global Markets Division by providing, or mandating and managing the provision of external, legal advice in relation to the structuring, negotiation and execution of transactions across a broad range of derivative and structured products including the US Medium Term Note Program, note issuances under the program and bespoke derivatives confirmations.
- Management of distribution matters including negotiation of Distribution Agreements with private banks, asset managers and other distributors of CACIB issued securities, and maintenance and updates of the Distribution Agreement templates and procedures.
- Debt Capital Markets transactions, US MTN programs and standalone public bond issuances with issuers in the region.
- Derivatives such as ISDA and associated trade confirmations, CSAs and Cleared Derivatives Execution Agreements. Advising on relevant security and collateral questions and updating the legal opinion reviews.
- Repurchase agreement, Sponsored Repurchase and securities lending agreement negotiations.
- Active involvement in specialised projects (e.g., LIBOR cessation, ISDA protocol adherence, participation in industry groups, etc.).
- Assessing and implementing changes that are required in documentation due to derivatives reform.
Geographical area
America, United States Of America
Level of minimal experience
11 years and more
Experience
- The Head of GML Americas will be expected to:
- Drive for high quality product support and proper functioning of the Practice Groups (PG).
- Liaise with Product Heads and the Global Head on staffing, performance requirements, targets and appraisals for PG members in the region.
- Participate in industry-wide initiatives and acting as or designating someone from the GML team as CACIB's representative on various ISDA Product or Policy Committees.
- Manage the GML teams in NY by driving a culture of professional excellence and agility, as well providing effective leadership of the team.
- Liaise with Product Heads across the GML global organization to ensure best practices consistency and continuity of standards across CACIB.
- Maintain awareness of market changes and regulation, and the potential legal impact.
- Provide legal input in approval process of global market’s new products or activities.
- Be involved in projects regarding automation of the production of legal documents and new business initiatives.
At least 12 years’ relevant experience in a combination of sophisticated law firm and in-house (financial services) legal practice
Salary Range: $325k - $350k
Required skills
- Management experience
- Proven leadership and change management skills
- Excellent and wide-ranging product knowledge and expertise, covering most if not all of the areas on which the team advises
- Excellent general legal knowledge
- Excellent drafting skills and knowledge of current market standards/practices
- Excellent analytical skills
- Team player who leads by example
- Adaptability
- Familiar with legal tech innovation
Technical skills required
Legal & Regulatory Responsibilities
- Provide ad hoc advice and updates on current developments to relevant legal teams, businesses or support functions
- Assist in drafting and updating templates and assist with the negotiation.
- Maintain a thorough knowledge of relevant banking and financial services business (and its regulatory environment), in particular Global Markets.
- Mandate and manage external law firms, as required and in accordance with applicable policies, in accordance with the activities within the scope of Global Markets.
- Comply with all applicable legal, regulatory and internal Compliance requirements as published.
- Complete all mandatory training as required to attain and maintain competence.
- As a manager and Regional Head to be responsible for the implementation of internal systems and controls and ensuring staff adhere to the requirements.
Key Internal contacts
- Front Office and Support Functions (e.g. Risk, Compliance, Finance)
- Global Head, Regional Heads, Product Heads and General Counsel Americas
Key External Contacts
- External Counsel
- Industry Associations
General information
About Crédit Agricole Corporate and Investment Bank (Crédit Agricole CIB) Crédit Agricole CIB is the corporate and investment banking arm of Crédit Agricole Group, the 10th largest banking group worldwide in terms of balance sheet size (The Banker, July 2022). 8,600 employees in more than 30 countries across Europe, the Americas, Asia-Pacific, the Middle-East and North Africa, support the Bank's clients, meeting their financial needs throughout the world. Crédit Agricole CIB offers its large corporate and institutional clients a range of products and services in capital market activities, investment banking, structured finance, commercial banking and international trade. The Bank is a pioneer in the area of climate finance, and is currently a market leader in this segment with a complete offer for all its clients. For more information, please visit www.ca-cib.com Twitter: https://twitter.com/ca_cib LinkedIn: https://www.linkedin.com/company/credit-agricole-cib/ By working every day in the interest of society, we are a group committed to diversity and inclusion. All our positions are open to people with disabilities.
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