William O. Enobakhare Minneapolis ● MN 55403 ● (631) 748-8290 ●
[email protected]
EDUCATION Georgetown University Law Center, Washington, DC LL.M. in General Legal Studies, May 2006 Area of Concentration: Securities and Financial Regulation Academic Honors: Dean’s List University of Hertfordshire Law School, England, United Kingdom LL.B., Upper Class Honors (magna cum laude equivalent), August 1998 Academic Honors: Best International Student Activities: Member, Moot Court Honors Program
BAR ADMISSION New York, September 2000 Minnesota – Application Pending
PROFESSIONAL EXPERIENCE The Bancorp Bank, Minneapolis, MN. Counsel (contract position) March 2015 – Present Subject matter expert for legal and compliance matters, with a focus on private-label banking. Draft, review and negotiate contracts with third parties, vendors and customers to ensure compliance with AML/BSA, OFAC and other regulatory requirements. Act as liaison with outside law firms and assist in the management of disputes and litigation involving the bank. Review bank’s policies, practices, and procedures for compliance with applicable laws, and assess the adequacy of compliance-related controls. Assist in establishing and maintaining procedures and systems for compliance monitoring. Barclays, New York, NY. Assistant Vice President-Negotiator December 2012 – December 2014 Negotiated contract documentation for identified counterparties across a variety of financial products (including, but not limited to Execution Agreements, OTC Clearing documentation, Futures Agreements, Give Up Agreements, Prime Services documentation, Master Repurchase Agreements; Securities Lending, ISDA Master Agreements and Credit Support Annexes). Notional amount/transaction value of each transaction ranged from $100 million to $3 billion and I negotiated between 30-40 transactions monthly. Counterparties included major financial institutions, hedge funds and corporations. Liaised with Front Office/Credit/Compliance/Back Office in relation to the contracts and in accordance with associated policies and procedures. Assisted in the management of disputes and litigation involving the bank. Assisted with the education and training of business people and other control groups concerning significant legal issues relating to the contracts. Bank of America Merrill Lynch, New York, NY. Legal Consultant (temporary position) July 2012 – December 2012 Worked in the Client Integration & Documentation unit. Analyzed and reviewed ISDA Master Agreements, Schedules, CSAs and other relevant derivative and commodity documents for collateral, compliance and legal representations. Notional amount/transaction value of each transaction ranged from $100 million to $3 billion and I reviewed between 30-40 transactions monthly. Updated/managed bank’s proprietary system for collateral management. Was part of an exclusive team of two selected to work on high profile projects involving analyzing agreements with Special Purpose Vehicles (SPVs) to determine bank’s exposure, margin calls and so on.
Royal Bank of Scotland Securities, Inc., Stamford, CT. Legal Consultant (temporary position) August 2011– July 2012 Negotiated ISDA/Repo/Prime Brokerage documentation, including FX, Rates and CDS derivatives. Master types included ISDA Master Agreement and Schedules; CSAs; Master Repurchase Agreements; and Give-Up agreements for Prime Brokerage arrangements. Notional amount/transaction value of each transaction ranged from $100 million to $3 billion and I negotiated between 10-20 transactions monthly. Developed new documentation provisions to comply with the requirements of Dodd Frank. Was selected as part of an exclusive team to document and collate Dodd Frank final rules on a central repository for the bank. Interfaced closely with the Credit Department, front office and client base. Cofie Law Group, PLLC, New York, NY. Partner January 2009 – August 2011 Business formation: structured and documented clients' choice of business entity. Drafted articles of association, shareholders' agreements and ongoing corporate documentation. Negotiated franchise agreements for franchisees seeking to buy into multi-million dollar franchise businesses. Drafted and analyzed real estate purchase/sale contracts, commercial leasing agreements and loan agreements. Represented commercial creditors in the collection of debts. Sidley Austin LLP, New York, NY. Associate November 2006 – January 2009 Represented dealers and financial end-user clients in negotiating and drafting OTC credit and interest rate derivatives; including ISDA master agreements and related schedules and confirmations for credit default swaps, interest rate caps and interest rate swaps. Represented major issuers of securities in periodic offerings ranging from $100 million to $3 billion in total issuance and I closed between 10-15 transactions monthly. Provided general derivatives advice on ISDA Master Agreements and related trading documentation. Drafted and reviewed offering documents for transactions involving residential mortgage-backed securities, commercial mortgage-backed securities and collateralized debt obligations. Reviewed legal opinions and transaction documents, including pooling and servicing agreements, mortgage loan purchase agreements and servicing rights purchase agreements. Assisted in preparing, reviewing and filing periodic and special SEC reports like Forms 10-K, 10-Q and 8-K. Primerica Financial Services, a Citigroup subsidiary, New York, NY. Senior Financial Associate April 2005 – November 2006 Structured financial plans for clients. Analyzed financial arrangements, including investment portfolios, financial products for health, education, retirement, estate planning and asset management. Net worth of clients/portfolio sizes ranged from $50,000 to $10,000,000. Analyzed detailed financial and credit data to match customer needs with appropriate home loan/refinancing programs. NYC Department of Homeless Services, New York, NY. Agency Attorney/Staff Counsel April 2001 - April 2005 Assessed financial and family eligibility of applicants for government housing placements within the purview of Title 18 New York Code of Rules and Regulations and New York Social Services Law. Operated an annual budget of approximately $700 million. Drafted and reviewed agency contracts with respect to leased housing units. Monitored new legislation and incorporated them into in-house policies and guidelines. Represented the agency at administrative hearings. Law Offices of D. M. Douglas, New York, NY. Associate March 2000 - March 2001 Barristers’ Chambers, Tooks Court, London, England. Clerk to Peter Herbert, Esq. October 1998 - October 1999 Hobbies: Travelling, volleyball and tennis.
