Legal Counsel, Markets, Vice President in London

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 include:

• 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.

What you will be responsible for:

• 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.

The duties and responsibilities noted above describe the general nature and level of work performed by people assigned to the job. They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform.

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.

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.