About the Role
This role is a key position in the Markets legal team, primarily focusing on supporting all aspects of the equity swaps offering within Prime Services. The successful candidate will also work on matters across the wider Financing Solutions business, including Agency Securities Lending, Prime Services, and Secured Financing. The candidate will need experience with sophisticated business partners and institutional clients, as well as experience offering these products in the EMEA region in a post-Brexit environment.
Responsibilities
- Assisting in establishing, developing, supporting, and growing equity derivatives offerings in the Prime Services business.
- 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 their 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 for 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, implemented, and up-to-date against applicable legislation.
Requirements
- Solicitor or barrister qualified to practise English law.
- Extensive experience practising in a major law firm and/or in-house working in the relevant product areas in EMEA.
- Strong background in Markets businesses, with a particular focus on equity derivatives and total return swaps.
- Experience as a business advisory lawyer, including assisting with product development initiatives and expansion into new markets (equity derivatives experience in APAC).
- Specific expertise in total return swaps and related hedging arrangements in the context of a prime brokerage offering.
- In-depth knowledge of 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.
- Right to work in the UK.
Skills
- 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.
Location
- London, UK
Work Type
- Hybrid
Experience Level
- Extensive experience practising in a major law firm and/or in-house working in the relevant product areas in EMEA
- Experience as a business advisory lawyer
- Experience dealing with all aspects of MiFID, EMIR and SFTR
- Strong experience in drafting and negotiating sophisticated documentation
Education Level
- Solicitor or barrister qualified to practise English law
Benefits
- Inclusive development opportunities
- Flexible work-life support
- Paid volunteer days
- Vibrant employee networks
About the Company
- Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability.
- We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
- We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential.
- As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most.
- Join us in shaping the future.
Equal Opportunity
- As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
