At a Glance
- Tasks: Provide legal advice on complex derivatives and securities financing transactions.
- Company: Join Santander Corporate & Investment Banking, a leader in global finance.
- Benefits: Competitive salary, professional growth, and a supportive team environment.
- Other info: Opportunity to work in a vibrant London office with excellent career prospects.
- Why this job: Make an impact in a dynamic banking environment while developing specialised legal expertise.
- Qualifications: Qualified lawyer with extensive experience in financial markets and derivatives.
The predicted salary is between 148500 - 181500 £ per year.
Join our community. Santander Corporate & Investment Banking (SCIB) is Santander's global division that supports some of the world's most complex and sophisticated corporate and institutional clients, offering customised services and value-added wholesale products to best meet their needs.
The Derivatives and Securities Financing (DSF) Legal team directly supports the following SCIB business units: FIG Client Coverage and CIB Client Coverage, Risk Solutions Group (RSG), Institutional Sales, Market Making, Structuring (including Credit Structuring and RSG Structuring), Active Credit Portfolio Management (ACPM) and Private Debt Mobilisation (PDM). Depending on the business, coverage extends across the UK, Continental Europe, the United States and Latin America.
In this interesting role, you'll support client-facing and market-making activities, product structuring and risk-transfer transactions. You'll play a critical role in enabling the bank to execute sophisticated transactions safely and efficiently, working alongside specialists in structured and non-structured market products. You'll act as the legal owner for allocated matters, partnering with the business and helping them to achieve ready-to-trade status through expert negotiation, an efficient documentation process and timely turnaround.
You'll join a supportive, friendly and high-performing team in an expanding business, working directly with the front office on a wide variety of transactions and on other legal projects associated with the SCIB businesses. This role offers a strong platform for professional growth in a highly specialised area of banking law, with the opportunity to develop deep technical expertise.
The difference you'll make:
- Providing legal advice on a broad range of Markets products: structured and non-structured derivatives across all types of underlying assets, including interest rates, inflation, FX, equity, credit, bonds and commodities, as well as repos, securities lending and structured deposits.
- Structuring, reviewing and leading on transaction documentation throughout the transaction lifecycle, from term sheet to execution.
- Providing legal input into new-product approvals and assessing novel transaction structures.
- Advising on risk-transfer transactions, such as financial guarantees, insurance policies and risk participation agreements.
- Reviewing, drafting and negotiating all types of master trading agreements and ancillary documentation.
- Providing general trade floor support and handling trade queries.
- Instructing and managing external counsel cost-effectively, including agreeing fixed fees and managing spend with regard to budgetary constraints.
- Sharing your expertise, mentoring colleagues and acting as a technical sounding board on complex DSF matters.
- Contributing to appropriate legal-technology and AI-enabled workflow improvements.
- Contributing to the bank's engagement with industry bodies and consultations.
- Providing support to the Head of DSF Legal as well as the Head of SLB Legal on non-transactional matters and legal projects according to business needs.
What you'll bring:
- Qualified lawyer with extensive post qualification experience from a law firm or in-house in a financial institution.
- Excellent knowledge of Markets products and experience advising on structured derivatives transactions.
- Extensive experience drafting and negotiating master trading agreements for DSF transactions, including ISDA Master Agreements and associated CSAs, GMRAs, GMSLAs and CDEAs.
- In-depth understanding of UK regulatory frameworks including UK EMIR, MiFID II/MiFIR, SFTR and margin requirements.
- Ability to manage complex transactions independently, provide commercially focused legal advice, and influence senior stakeholders.
- Excellent communication, negotiation and stakeholder management skills, with the ability to explain complex legal concepts clearly and concisely.
It would also be nice for you to have:
- Previous experience advising on credit derivative transactions and risk-transfer transactions.
- Knowledge of Significant Risk Transfer (SRT) transactions.
- Experience supporting Capital Markets transactions, including structured notes and repackaging programmes.
- Experience advising on traditional and synthetic securitisations and related derivative products.
- Experience designing or operating outsourced legal support models and associated governance frameworks.
- Additional European language skills.
This role is based at our offices in Triton Square, London.
Executive Director, Legal Counsel - Derivatives and Securities Financing - SCIB in London employer: Banco Santander (Brasil)
Santander is an exceptional employer that prioritises the growth and development of its employees, offering a dynamic work culture that fosters innovation and collaboration. Located in Exton, PA, this role as a Senior Relationship Banker not only allows you to build meaningful client relationships but also provides access to comprehensive training and support, ensuring you thrive in a technology-driven environment. With a commitment to delivering outstanding customer experiences, Santander empowers its team members to make a real difference while enjoying a rewarding career path.
StudySmarter Expert Advice🤫
We think this is how you could land Executive Director, Legal Counsel - Derivatives and Securities Financing - SCIB in London
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We think you need these skills to ace Executive Director, Legal Counsel - Derivatives and Securities Financing - SCIB in London
Some tips for your application 🫡
Highlight Your Legal Knowledge:When applying for a full-time role in legal services at Banco Santander (Brasil), make sure to demonstrate your understanding of key legal principles and areas of law relevant to the position. Include any specific coursework, modules, or certifications, like LPC or BPTC qualifications, that showcase your legal expertise directly on your CV.
Showcase Your Research Skills:In the legal field, strong research skills are crucial. Use your application to illustrate how you've utilised these skills in past studies or work experiences – whether that's through past internships or significant projects. Mention any legal databases or tools you’re proficient in, as this can give you an edge.
Tailor That Cover Letter!:Your cover letter is your chance to shine! Make it personal by expressing your genuine interest in Banco Santander (Brasil) and the specific role of Executive Director, Legal Counsel - Derivatives and Securities Financing - SCIB. Talk about why you want to be part of their team, how your unique experiences align with their values, and why you’re passionate about the legal sector.
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How to prepare for a job interview at Banco Santander (Brasil)
✨Know Your Legal Principles
Brush up on foundational legal principles relevant to the specific area of law you’re applying for, whether it’s corporate, criminal, or family law. We might get asked situational questions to test your knowledge, so being articulate about key concepts will make you stand out.
✨Be Ready for Case Studies
Full-time legal roles often involve case studies during interviews. Prepare to analyse a hypothetical case and discuss your approach to it. Practising this with a peer or mentor can help us refine our reasoning and articulate a solid legal argument.
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