ED, Commodities Attorney

What You'll Do

• Provide day-to-day legal coverage for physical and financial commodities trading.
• Draft, review, and negotiate commodities trading documentation, including master agreements, confirmations, and bespoke agreements.
• Advise on U.S. commodities regulatory matters, including the Commodity Exchange Act, FERC, CFTC and state regulations, exemptions, and interpretive guidance.
• Assess regulatory risk associated with new products, trading strategies, and counterparties.
• Support responses to regulatory inquiries and examinations, in coordination with Compliance and other stakeholders.
• Provide legal support for trading activity conducted under RTO and ISO tariffs and market rules.
• Advises on participation requirements, tariff-based trading structures, and settlement mechanics in organized wholesale electricity markets.
• Analyze interaction between FERC-regulated markets and the Commodity Exchange Act, including applicable exemptions and regulatory relief.
• Act as a key legal advisor to commodities trading businesses while maintaining appropriate independence.
• Cook up with traders, originators, structurers, Compliance, and Risk on legal and regulatory issues.
• Manage external counsel.

  Required

  • J.D. from an accredited law school; bar admission in good standing.
  • 6+ years of relevant experience in commodities, energy, and derivatives.
  • Strong working knowledge of U.S. commodities regulatory frameworks (FERC, CFTC and state regulation).
  • Ability to operate efficiently and effectively in a fast-paced, deal-driven environment.
  • Excellent communication, drafting and negotiation skills.
  • Demonstrated record of sound legal judgment.

  PREFERRED

  • Familiarity with RTO/ISO market rules and organized power markets.

  What You Can Expect From Morgan Stanley

  Since 1935, Morgan Stanley is known as a global leader in financial services, always evolving and innovating to better serve our clients and our communities in more than 40 countries around the world.

  Morgan Stanley is an equal opportunity employer committed to building and maintaining a workforce that is diverse in experience and background. Our recruiting efforts reflect our strong commitment to a culture of inclusion, where individuals are hired, developed, and advanced based on their skills and talents.

  To learn more about our offices across the globe, please copy and paste https://www.morganstanley.com/about-us/global-offices into your browser.

  Expected base pay rates for the role will be between $165,000 and $275,000 per year at the commencement of employment. However, base pay if hired will be determined on an individualized basis and is only part of the total compensation package, which, depending on the position, may also include commission earnings, incentive compensation, discretionary bonuses, other short and long-term incentive packages, and other Morgan Stanley sponsored benefit programs.