At a Glance
- Tasks: Provide legal support for derivatives and trading activities, drafting and negotiating key documentation.
- Company: Join Schroders, a global investment manager with over 200 years of experience.
- Benefits: Gain valuable experience in a dynamic environment with a strong focus on professional growth.
- Other info: Collaborate with diverse teams across the globe and enhance your career in a supportive culture.
- Why this job: Make an impact in the financial services sector while developing your legal expertise.
- Qualifications: Qualified lawyer with experience in derivatives and strong communication skills.
The predicted salary is between 60000 - 80000 £ per year.
An enthusiastic, proactive and strong candidate who is interested in gaining experience in a broad, challenging and rewarding full-service role. The successful candidate will have excellent technical skills, a can-do mentality and commercial approach, be inquisitive and able to develop creative legal solutions, have the confidence to assess business and legal risk to prioritise workload demands, and strong interpersonal and communication skills required to build constructive working relationships with various internal stakeholders and external advisers.
About Schroders: We’re a global investment manager. We help institutions, intermediaries and individuals around the world invest money to meet their goals, fulfil their ambitions, and prepare for the future. We have around 5,000 people on six continents, and we’ve been around for over 200 years, but keep adapting as society and technology changes. What doesn’t change is our commitment to helping our clients, and society, prosper. Schroder Investment legal team is made up of numerous lawyers and paralegals. We support the investment business in reviewing, drafting and advising on various drafting agreements. The focus of the role would be various forms of derivatives work.
Duties:
- Provide full legal support to Schroders’ derivatives and all trading activities.
- Supporting Schroders, in London and Luxembourg, Asia-Pacific and the Americas, in the increasing use of derivative instruments, advising on the legal implications and dealing with all legal documentation requirements; keeping work tracker updated at all times.
- Drafting, reviewing, negotiating and completing Schroders’ OTC derivatives documentation (ISDA, VM & IM CSA, Accession and Amendment Agreements).
- Drafting, reviewing, negotiating and completing other market counterparty documentation (GMRA, FX trading agreements, MCAs, clearing agreements, prime brokerage agreements, business terms of market counterparties, confidentiality agreements).
- Analysing and advising on new derivatives products in which Schroders is considering to invest on behalf of its clients.
- Using efficiently outside counsel and other in-house legal resources. Obtaining focused advice where appropriate.
- Liaising clearly and openly with line manager and with all departments/areas using derivatives.
Qualifications:
- University degree or equivalent; and qualified lawyer.
- Strong team player.
- Demonstrated experience as a qualified lawyer in private practice and/or in-house in a financial services firm (ideally investment management), in each case with an in-depth knowledge of derivatives work.
- Exposure to a wide range of ISDA documentation, GMRA, FX trading agreements and structured finance.
- Good drafting and written communication skills.
- Able to develop and demonstrate strong working relationships with other members of the firm, including (but not limited to) fund managers, client directors, compliance, operations, credit/risk and product control; and with counterparty lawyers, credit, operational and front office staff.
Legal Counsel (Derivatives) - 12 month Contract role employer: Schroders UK
At Schroders, we pride ourselves on being an exceptional employer, offering a dynamic work environment in the heart of London where innovation meets tradition. Our commitment to employee growth is evident through our supportive culture that encourages collaboration and creativity, providing ample opportunities for professional development within the global investment management sector. Join us to be part of a team that values your contributions and empowers you to make a meaningful impact in the world of finance.
StudySmarter Expert Advice🤫
We think this is how you could land Legal Counsel (Derivatives) - 12 month Contract role
✨Get Involved in Legal Networking Events
Jump into local or virtual legal networking events to meet industry pros and get your foot in the door! Use platforms like Eventbrite or Meetup to find gatherings, as these are great for making connections and hearing about temporary roles at firms like Schroders UK.
✨Showcase Your Skills Online
Create a simple online portfolio to showcase your legal work, whether that's case briefs, research papers, or even blog posts on legal topics. This public display can really set you apart when looking for temp roles in law, especially if you can make it relevant to the work that Schroders UK does!
✨Tap into Law School Resources
If you're near a law school, hit up their career services. They often have leads on temporary positions and can help connect you with alumni working at firms. Plus, they might host workshops or job fairs specific to the legal sector—great for scoring that temp position!
✨Stay Updated with Legal Job Boards
Regularly check specialised legal job boards like LawCareers.Net or TotallyLegal for temporary listings. Many firms post their openings directly there, and applying quickly can give you an edge over the competition when looking to join a prestigious firm like Schroders UK.
We think you need these skills to ace Legal Counsel (Derivatives) - 12 month Contract role
Some tips for your application 🫡
Show Off Your Legal Know-How:In the legal services world, it's all about demonstrating your understanding of relevant laws and regulations. Make sure your CV highlights your legal training, internships, or any relevant projects you've worked on. If you've done any mooting or legal research, include those too - they can really set you apart!
Tailor Your Application for the Temp Role:Since this is a temporary position, your application should stress your adaptability and readiness to jump in right away. Highlight any previous temp roles where you quickly got up to speed, or any diverse experiences that show you can handle a variety of cases or tasks with ease.
Keep it Specific with Your Documents:Make sure your application includes essential legal documents, such as any relevant certifications or memberships in legal bodies. These can add credibility to your CV and show that you're serious about the profession – especially useful in a competitive field like law!
Express Your Enthusiasm in the Cover Letter:Your cover letter is a golden opportunity to express your enthusiasm for the role and the organisation. Let them know why you’re excited about this temporary position with Schroders UK and how you're motivated to contribute to their success during your limited time with them!
How to prepare for a job interview at Schroders UK
✨Show Off Your Legal Know-How
Prepare to discuss your understanding of legal terminology and concepts that might come up during the interview for the Legal Counsel (Derivatives) - 12 month Contract role role at Schroders UK. Brush up on relevant laws or recent cases that could be pertinent to the temporary position, as they'll likely appreciate candidates who can think on their feet and adapt to the fast-paced legal environment.
✨Talk About Your Flexibility
Since this is a temporary role, employers want to know you can hit the ground running. Be ready to highlight past experiences where you've had to quickly adapt to new tasks or work cultures. Flexibility is key in a short-term position like this, so share specific examples that demonstrate your ability to manage changing priorities efficiently.
✨Prepare for the Casework Challenge
You might face hypothetical scenarios where you'd have to advise on a legal issue or case. Practice articulating your thought process clearly, as interviewers in the legal sector often expect candidates to walk them through their reasoning step-by-step. This will not only showcase your legal acumen but also demonstrate your communication skills, which are crucial in law.
✨Pitch Your Legal Portfolio
If you have any relevant work samples, such as briefs, contracts, or legal research, this is your chance to shine! Be ready to discuss what you did, what challenges you faced, and the outcomes. This speaks volumes more than just listing your skills; it shows you're proactive and results-oriented, which is essential for a temporary role at Schroders UK.
