Job Description
Contract Role: Legal Documentation Manager – Derivatives, Repo, and Regulatory Margin
Contract Location: Birmingham (Onsite, Monday–Friday, 08:30–18:30)
Contract Duration: 6 months
Contract Start Date: ASAP
Contract Classification: Inside IR35
This is an exciting opportunity to join Deloitte for an engagement with a leading global investment banking and asset management client.
Principal Responsibilities
* Lead the end-to-end documentation process: drafting, reviewing, negotiating, executing, and filing CDEA, ISDA/CSA, and related regulatory initial margin documents.
* Negotiate the full suite of Reg IM documentation, including bilaterals, Account Control Agreements (ACAs), and Eligible Collateral Schedules (ECS).
* Negotiate the full suite of repo documentation, including MRAs, SIFMA cleared repo documentation, and ECS.
* Develop and execute negotiation strategies, balancing client and firm needs, often outside of established playbooks.
* Independently lead complex and/or sensitive negotiations for high-profile clients, including top banks and major funds.
* Advise on and negotiate commodity transaction documents (e.g., power and gas annexes, EFETs, NAESBs, Power Purchase and Sale Agreements).
* Review legal opinions on netting and collateral enforceability, liaising with external counsel as needed.
* Respond to queries from various departments, including the front office, regarding master documentation.
* Mentor, train, and coach junior team members.
* Identify and implement improvements to documentation processes and controls, leveraging your experience to manage risk and enhance team effectiveness.
* Build and nurture relationships across the firm to drive consensus and execute initiatives.
* Actively participate in community engagements to foster NTM's (Negotiation and Transaction Management) culture of support and inclusiveness.
Required Experience and Skills
* Bachelor’s degree and/or JD, with a minimum of three years’ experience in a legal/trading documentation role (including within Credit, Risk, or Treasury functions) or as an attorney/paralegal in a law firm.
* Strong experience negotiating repo documentation, including MRAs, and ideally with exposure to SIFMA cleared repo documentation, and ECS.
* Experience negotiating Reg IM documentation (bilaterals, ACAs, ECS). If Reg IM experience is limited, must have at least 8–10 years’ experience negotiating new ISDA Master Agreements and VM CSAs with top banks or high-profile funds.
* Solid knowledge of UMR (Uncleared Margin Rules) Phase 6 and/or 7 and hands-on experience with Initial Margin documentation.
* Experience with repurchase, securities lending, or prime services documentation is a plus.
* Knowledge of various legal entities, including funds, insurance companies, and pensions.
* Excellent organizational, prioritization, and attention-to-detail skills, especially under pressure.
* Proven ability to negotiate and review complex legal documents with accuracy.
* Strong interpersonal and communication skills.
* Commercial acumen and keen interest in derivatives, commodities, repo, securities lending, and/or prime brokerage products and services.
* Proficiency in IT and adaptability to various databases/systems.
* Additional language skills (French, German, Italian, or Spanish) are a plus.
Preferred Attributes
* Self-motivated, results-driven, and proactive team player.
* Analytical, innovative, and entrepreneurial approach to client solutions.
* Ability to influence stakeholders, negotiate, build consensus, and improve operational efficiency.
* Enthusiasm for professional development and ownership of the negotiation process.