At a Glance
- Tasks: Support equity swaps offerings and collaborate on legal documentation and client onboarding.
- Company: Join State Street, a global leader in institutional investment management.
- Benefits: Flexible work-life support, paid volunteer days, and inclusive development opportunities.
- Other info: Hybrid work model with a vibrant team culture and excellent career growth potential.
- Why this job: Make a real impact in a dynamic legal environment while working with top-tier clients.
- Qualifications: Qualified solicitor or barrister with extensive experience in equity derivatives and regulatory compliance.
The predicted salary is between 90000 - 110000 £ per year.
This role is a key position in the Markets legal team and will primarily focus on supporting all aspects of our equity swaps offering within Prime Services. The successful candidate will also work on matters across the wider Financing Solutions business (comprising Agency Securities Lending, Prime Services and Secured Financing).
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 and works in a hybrid model 4 days onsite 1 day remote.
The person filling this role will be responsible for all aspects of supporting these businesses and their strategic growth initiatives and client onboardings.
The candidate will be responsible for duties including the following:
- Assisting in establishing, developing, supporting and growing the equity derivatives offerings in our 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 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.
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.
Qualifications:
- 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.
About State Street: 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.
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.
Discover more information on jobs at StateStreet.com/careers.
Legal Counsel, Markets, Vice President employer: State Street Bank
At State Street, we pride ourselves on being an exceptional employer, offering a dynamic work culture that champions diversity, teamwork, and work-life balance. As the Head of RPA, you will have access to comprehensive benefits, including a robust retirement plan, health insurance, and flexible development opportunities, all while working in a collaborative environment that empowers you to make a significant impact in the financial services industry. Join us in Boston or London, where your expertise will be valued, and you'll be part of a global team dedicated to driving performance and innovation.
