At a Glance
- Tasks: Draft legal agreements and assist with regulatory requirements for Prime Services.
- Company: Join a leading investment bank with a dynamic legal team in London.
- Benefits: Gain valuable experience, mentorship, and exposure to high-profile legal projects.
- Why this job: Kickstart your legal career while making a real impact in the finance sector.
- Qualifications: Recent law graduates or students with a passion for legal and regulatory matters.
- Other info: Collaborative environment with opportunities for growth and learning.
The predicted salary is between 20000 - 30000 £ per year.
(ix) Data Protection
The Legal Department is responsible for identifying and analysing legal and commercial issues, including communicating advice clearly and effectively, as part of an overall responsibility for managing and overseeing legal risk for the businesses supported.
The Legal Department is also responsible for managing its own conduct risk, promoting a positive culture of good conduct and compliance and contributing to the management of conduct risk throughout the businesses supported.
The Trading and Prime Agreements (TPA) legal teams are divided into 3 groups: 1) MAN (Master Agreement Negotiation) in charge of the legal onboarding process of trading agreements in accordance with SG policies, procedures and guidelines; 2) TRS (Transversal team) in charge of COO & Systems, Netting programme, Norms and Regulatory implementation; and 3) PRM (Prime Services) in charge of the legal aspects of the prime brokerage activities.
TPA\’s purpose is to:
- assist the business to grow its franchise with appropriate legal coverage
- protect the SG Group by negotiating appropriate standard agreements in accordance with prevailing SG policies and continuously improving norms as required
- ensure regulatory compliance in the master trading agreement context
PRM The PRM team is responsible for assisting the business needs of Prime Services booked within SG clearing hubs (Societe Generale International Limited (SGIL), Societe Generale SA (SGPM) and others) whilst also protecting the legal interests of SGPM and its affiliates by: 1) observing the SG Group\’s standards and procedures; and 2) implementing relevant policies and working closely with other relevant stakeholders (Compliance, Risk, Credit, Finance, Operations etc.) to ensure the operating model for execution services, clearing and prime brokerage services are matching the legal and regulatory framework applicable to the relevant SG entities.
The team is based in London and Paris.
PRM in EMEA provide the following legal services:
- advising and assisting to SG internal stakeholders (Business, Credit, Operations and others) during products and activities process
- negotiating customer agreements with clients according to SG policies and procedures ratified by the Normative Committee
- escalating issues outside the PRM negotiation guidelines to the relevant functions for approval, and ultimately, if required, to the Arbitration Committee
- commissioning and assisting with the review of netting and collateral opinions, where required for Prime Services, in accordance with SG Group policy
- reviewing credit risk mitigation documentation e.g. guarantees, letters of credit, in accordance with standards and RISQ requirements
- supporting SGPM or SGIL on legal projects e.g. regulatory/new activity/remediation/ new booking strategy
- reviewing new Exchange or Central Counterparty rules for Agency business (clearing for customers)
- managing with relevant internal stakeholders disputes/regulatory audits/enquiries
- assisting JUR CTX or others departments/Business Units of SGPM or SGIL in relation to such litigation etc.
- managing cross border issues and conducting legal watch relating to Prime Services
Summary of the key purposes of the role
- Drafting legal agreements for the Prime Services business line
- Assisting the Prime Services business line in relation to legal and regulatory requirements
- Supporting the SGIL Company Secretary General assistance to lawyers in daily activities
Summary of responsibilities
- Preparing first drafts of various documents (eg Clearing Agreements, ISDA documents and confidentiality agreements)
- Assisting with client outreach projects
- Undertaking research
- Supporting the SGIL Company Secretary
- Assisting with the execution of documents
- Updating the legal documentation database
Responsibilities Description of the Business Line or Department
The Legal Department in London (SEGL/JUR London) is a team of c.60 lawyers and legal advisers (permanent and temporary staff) providing legal advice and support to all London based investment banking business lines and those businesses and legal entities forming part of the SG Group in the UK.
It is divided into the following teams/areas of expertise:
- (i) Global Finance (sub- divided into Acquisition and Asset Finance (AAF), Financial Engineering and Group Financing (EGF), Natural Resources and Hedging (NRH))
- (ii) Markets (sub-divided into Structured Over-The-Counter Derivatives (OTC), Programmes and Structured Issuances (PSI) and Debt Capital Markets (DCM))
- (iii) Trading and Prime Agreement (TPA)
- (iv) Securities Services
- (v) Corporate Finance
- (vi) Financial Services Regulation
- (vii) Employment
- (viii) Shared Internal Legal Services (incorporating Commercial and IT Contracts and Global Transaction Payment Services)
- and
#J-18808-Ljbffr
Trainee - Legal Graduate (Prime Services) employer: Société Générale
Contact Detail:
Société Générale Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Trainee - Legal Graduate (Prime Services)
✨Tip Number 1
Network like a pro! Reach out to current or former employees in the Legal Department at Societe Generale. A friendly chat can give us insider info on what they're really looking for and might even lead to a referral.
✨Tip Number 2
Prepare for those tricky interview questions! Brush up on your knowledge of data protection laws and how they apply to prime brokerage activities. We want to show that we can think on our feet and tackle real-world legal issues.
✨Tip Number 3
Show off your research skills! Before the interview, dive into recent developments in financial regulations and how they impact the legal landscape. This will help us stand out as someone who's genuinely interested in the role.
✨Tip Number 4
Don’t forget to follow up! After the interview, shoot a quick thank-you email to express our appreciation for the opportunity. It’s a simple way to keep us on their radar and show our enthusiasm for the position.
We think you need these skills to ace Trainee - Legal Graduate (Prime Services)
Some tips for your application 🫡
Tailor Your Application: Make sure to customise your CV and cover letter for the Trainee - Legal Graduate role. Highlight relevant experiences and skills that align with the responsibilities mentioned in the job description, like drafting legal agreements and assisting with regulatory requirements.
Showcase Your Research Skills: Since the role involves undertaking research, it’s a good idea to mention any relevant academic projects or experiences where you’ve demonstrated strong research abilities. This will show us that you’re ready to dive into the legal aspects of Prime Services.
Be Clear and Concise: When writing your application, clarity is key! Use straightforward language and structure your thoughts logically. We want to see how effectively you can communicate, just like you would in a legal setting.
Apply Through Our Website: Don’t forget to submit your application through our website! It’s the best way for us to receive your details and ensures you’re considered for the role. Plus, it’s super easy to do!
How to prepare for a job interview at Société Générale
✨Know Your Legal Stuff
Make sure you brush up on key legal concepts related to data protection and regulatory compliance. Familiarise yourself with the specific legal frameworks that govern prime brokerage activities, as this will show your potential employer that you're serious about the role.
✨Showcase Your Communication Skills
Since the role involves communicating legal advice clearly, practice articulating complex legal ideas in simple terms. You might even want to prepare a few examples of how you've successfully communicated legal concepts in the past.
✨Understand the Business Context
Research the company’s business model and how the legal department supports it. Being able to discuss how legal risks impact business decisions will demonstrate your understanding of the broader context in which you'll be working.
✨Prepare for Scenario Questions
Expect questions that ask how you would handle specific legal scenarios or challenges. Think through potential situations you might face in the role and prepare your responses, focusing on your analytical and problem-solving skills.