Associate/AVP-ISDA Documentation Negotiator-Mumbai

Role Overview

Delta Capita is seeking experienced ISDA Documentation Negotiators to support our clients across the financial services sector. The successful candidates will be responsible for the end-to-end negotiation and management of OTC derivatives documentation, primarily under the ISDA Master Agreement framework. This is a client-facing contract role requiring strong technical knowledge of derivatives documentation and a commercial understanding of risk management.

Key Responsibilities

• Lead the negotiation of ISDA Master Agreements, Credit Support Annexes (CSAs), and related schedules with counterparties including banks, asset managers, hedge funds, and corporates.

• Draft, review, and redline ISDA documentation including Schedules, Credit Support Annexes (VM and IM), GMRA, GMSLA, and bespoke annexes.

• Negotiate ISDA Protocol adherence letters and associated documentation (e.g., EMIR, Dodd-Frank, Margin Reform protocols).

• Liaise with internal stakeholders including Legal, Credit Risk, Compliance, Front Office, and Operations to ensure documentation aligns with risk appetite and regulatory requirements.

• Manage and maintain documentation pipeline through a deal tracking system; provide regular status updates to senior management.

• Respond to counterparty queries and escalate material issues appropriately.

• Ensure compliance with applicable regulations including EMIR, Dodd-Frank, MAS, SEBI, and RBI requirements relevant to derivatives transactions.

• Support onboarding of new counterparties, including KYC coordination and entity classification under applicable regulations.

• Assist with the review and implementation of industry-wide documentation initiatives (e.g., ISDA SIMM, UMR, IBOR transition).

• Contribute to process improvement and documentation standardisation projects.

Essential

• Minimum 4–8 years of experience in ISDA documentation negotiation within a bank, broker-dealer, asset manager, or specialist legal/compliance function.

• Strong command of the ISDA Master Agreement (1992 and 2002), Schedule, and Credit Support Annex (both New York and English law).

• Hands-on experience negotiating VM CSAs under EMIR/Margin Reform requirements.

• Familiarity with IM documentation including ISDA 2016 Credit Support Annexes and Phase-in requirements under UMR.

• Understanding of OTC derivatives products (rates, FX, credit, equity, commodities) sufficient to contextualise documentation risk.

• Ability to manage a high-volume pipeline of negotiations independently, prioritising by risk and urgency.

• Strong written and verbal communication skills; able to engage counterparty legal and credit teams effectively.

Desirable

• Experience with prime brokerage documentation (PBAs, PBSA) or repo/securities lending (GMRA/GMSLA).

• Knowledge of clearing documentation (FCM agreements, clearing addenda).

• Familiarity with Indian regulatory requirements (RBI/SEBI) applicable to derivatives transactions.

• Experience using ISDA Amend or Counterparty Manager platforms.

• Prior experience in a consulting or contracting capacity, supporting multiple client engagements simultaneously.

• Law degree (LLB/LLM) or equivalent qualification; non-legal backgrounds considered where substantive ISDA experience is demonstrated.

Candidate Profile

The ideal candidate is a detail-oriented, commercially minded professional who thrives in a fast-paced environment. They will be comfortable working independently, managing multiple counterparty negotiations simultaneously, and operating as a trusted subject matter expert for both internal and client stakeholders. An ability to communicate complex documentation issues clearly and concisely — both in writing and verbally — is essential.

How We Work:

Delta Capita is an equal opportunity employer. We positively encourage applications from suitably qualified and eligible candidates regardless of age, colour, disability, national origin, ancestry, race, religion, gender, sexual orientation, gender identity and/or expression, veteran status, genetic information, or any other status protected by applicable law.

We will ensure that individuals with disabilities are provided reasonable accommodation to participate in the job application or interview process, to perform essential job functions, and to receive other benefits and privileges of employment. If you require any reasonable adjustments through your interview process, please use the designated space within the application questionnaire.

Who We Are:

Delta Capita Group (a member of the Prytek Group) is a global managed services, consulting and solutions provider with a unique combination of experience in Financial Services and technology innovation capability. Our mission is to reinvent the financial services value chain providing technology based mutualized services for financial institutions for non-differentiating services.

Our 3 offerings are:

·        Managed Services

·        Consulting & Solutions

·        Technology

To know more about Delta Capita and our culture click here: Working at DC - Delta Capita