Paralegal

Paralegal Pay Rate: $59/hr Location: New York, NY Summary: The Paralegal role will work within the Legal Department for the Trade Transaction Management ( "TTM") group. The primary focus of this role is to support the bank's derivatives business. Primary responsibilities include support of the attorneys and staff in TTM with the review, processing, execution of documentation and completion of administrative tasks associated with the bank's derivatives business. The specific focus of this role is the management of the end-to-end process associated with the negotiation and execution of collateral assignment agreements associated with derivative transactions. Role Objectives:Documentation SupportFacilitate the review and exchange of documentation both with internal attorneys and external counsel. This involves the review, negotiation, and processing of collateral assignment agreements associated with the bank's interest rate caps business.Review and develop procedures as needed to improve the documentation process.Administrative SupportThe Paralegal will manage the correspondence between clients, front office, advisors, brokers and external counsel associated with the review and processing of collateral assignment agreements.The Paralegal will be responsible for tracking the progress of such agreements, managing the flow of new agreements requested for review, and ensuring the documentation received from all parties is complete at execution. Qualifications and Skills:3-5 years minimum experience as a paralegal working with law firms or financial services companies supporting the legal teams and documentation.Ability to manage a high volume of transactions with competing deadlines.Familiarity with the collateral assignment agreements and derivative transactions is a plus.Excellent communication skills, organizational skills, and attention to detail are a must.Ability to work under pressure, operate comfortably in a fast-paced, demanding environment, and manage a significant workload is necessary as is the ability to think creatively and propose solutions.