Legal Counsel, Markets, Vice President

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.

Qualifications

• Solicitor or barrister qualified to practise English law.
• Right to work in the UK.
• Extensive experience practising in a major law firm and/or in‑house working in the relevant product areas in EMEA.
• 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.

Responsibilities

• 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.

What we value

• 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.

Benefits

• Inclusive development opportunities.
• Flexible work‑life support.
• Paid volunteer days.
• Vibrant employee networks.

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.