Legal Counsel, VP (Hybrid)

NACBA

The Vice President will be responsible for working independently and as part of a legal team of 5 – 6 lawyers on a wide range of legal and regulatory matters relating to the sales, trading and research business and the portfolio solutions business across the EMEA region. The candidate will need experience working with sophisticated business partners and institutional clients in connection with these – often regulated – product types as well as experience in offering these product types in the EMEA region in a post-Brexit environment.

The role is located in State Street’s offices in Canary Wharf, London, UK. 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;
• Specifically expertise dealing with ISDA Master Agreements and related collateral arrangements, bespoke currency trading agreements, currency management agreements, outsourced trading agreements, brokerage agreements and research payment agreements;
• Experience dealing with all aspects of MiFID and EMIR;
• Strong 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 and sophisticated drafting and negotiating experience.

Why this role is important to us

The person filling this role will be responsible for all aspects of supporting these businesses and their growth initiatives and client onboardings.

What you will be responsible for
The candidate will be responsible for duties including the following:

• Drafting and negotiating legal contracts and documentation, including ISDA master agreements, credit support annexes, bespoke currency trading and currency management documentation and netting documentation and the ability to craft new forms of documentation for use globally as required;
• 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;
• 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;
• Managing consultation process with external legal counsel;
• Ensuring all internal legal templates, policies and guidelines are understood and implemented and are up to date against applicable legislation.

The above cited duties and responsibilities 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
These skills will help you succeed in this role:

• Results oriented with strong project management and execution skills;
• Strong interpersonal, communication and customer service skills with ability to sustain strong relationships with clients, peers and staff;
• Ability to interact with multiple levels in an organization 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 organizational 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
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we’re making our mark on the financial services industry. For more than two centuries, we’ve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You’ll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees’ diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at