Legal Counsel, Global Markets, Vice President

This role is a key position in the Global Markets legal team, advising the Financing Solutions business (comprising Agency Securities Lending, Prime Services and Secured Financing).  The role will focus on supporting our Prime Services product, specifically all aspects of our equity derivatives offering. 

The candidate will need experience working with sophisticated business partners and institutional clients in connection with these product types as well as experience in offering these products in the EMEA region in a post-Brexit environment.

The role is located in State Street’s offices in Canary Wharf, London, UK. Qualifications include:

• Solicitor or barrister qualified to practise English law;
• Right to work in the UK;
• Extensive experience practising in a major law firm and/or in-house working in the relevant product areas in EMEA;
• Specific expertise dealing with ISDA Master Agreements and related collateral arrangements, equity derivative documentation including master confirmation agreements, and securities lending and repurchase master agreements (e.g. the GMSLA and GMRA;
• Experience dealing with all aspects of MiFID, EMIR and SFTR and strong awareness of other relevant regulatory requirements;
• Good understanding of licensing laws relevant to cross-border activity in EMEA;
• Track record of working in a high-performing team and working to tight deadlines;
• Strong experience in drafting and negotiating sophisticated documentation.

Why this role is important to us

The person filling this role will be responsible for all aspects of supporting these businesses and their strategic growth initiatives and client onboardings.

What you will be responsible for

The candidate will be responsible for duties including the following:

• Drafting and negotiating legal contracts and documentation, including ISDA master agreements, credit support annexes, master confirmation agreements, securities lending and repo agreements, and bespoke documentation;
• Collaborating with global legal colleagues to effectively and efficiently onboard new clients;
• Conducting, leading and training others regarding netting, enforceability, jurisdictional and other reviews;
• Advising on applicable laws and regulations and the impact on State Street’s business;
• Providing legal analysis in connection with changes to existing product offerings and new product offerings;
• Active involvement in the preparation of legal analysis to be put before internal new product approval committees;
• Assisting with regulatory inquiries;
• Providing legal support to senior global business colleagues; 
• Instructing and managing external legal counsel;
• Ensuring all internal legal templates, policies and guidelines are understood and implemented and are up to date against applicable legislation.

The duties and responsibilities noted above describe the general nature and level of work performed by people assigned to the job. They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform.

What we value

These skills will help you succeed in this role:

• Results oriented with strong project management and execution skills;
• Strong interpersonal and communication skills with ability to sustain strong relationships with clients, peers and stakeholders;
• Ability to interact with colleagues at all levels in the organisation and in multiple jurisdictions;
• Keen understanding of market practice impacting the business lines in the relevant jurisdictions and ability to work with business units to achieve practical solutions within applicable regulatory and risk parameters;
• Strong time management, planning and organisational skills;
• Ability to work independently but also thrive in a global, dynamic and team-oriented environment;
• Flexibility and an eagerness to learn;
• Ability to manage workflows in the best interests both of the business needs and their growth.

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world.  From technology to product innovation we’re making our mark on the financial services industry.  For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people.  We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment.  Our benefits packages are competitive and comprehensive.  Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks.  You’ll have access to flexible Work Program to help you match your needs.  And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organisation and our clients.  We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality.  Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader.  You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

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