Legal Counsel, Global Markets, Assistant Vice President

This role sits within the Global Markets legal team, advising our expanding Financing Solutions business (comprising Agency Securities Lending, Prime Services and Secured Financing). The successful candidate will be involved in a wide range of activities such as negotiating client and counterparty agreements, assisting in product development initiatives, regulatory impact assessments and day-to-day support of the business.

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;
• Relevant experience practising in a major law firm and/or in-house, preferably in financial services / global markets;
• Experience of securities finance (including agency lending, repurchase agreements and related market standard master agreements) is desirable, but not necessary;
• Knowledge with the UK and EU regulatory regimes and cross-border licensing requirements in the post-Brexit environment. Detailed familiarity of specific regulations such as MiFID, SFTR and CASS is desirable but not necessary;
• Track record of working in a high-performing team and working to tight deadlines;

Why this role is important to us

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

What you will be responsible for

The candidate will be responsible for duties including the following:

• Negotiation of industry standard and bespoke form documentation for the relevant business lines (such as GMSLAs, GMRAs, confidentiality agreements, securities lending authorisation agreements, etc.);
• Collaborating with global legal colleagues to effectively and efficiently onboard new clients;
• Assisting with enforceability, netting, jurisdictional and other reviews. This may include review of legal opinions, assessing key issues and risks and providing summaries and briefings to management;
• 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;
• 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

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.

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 organisation 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 StateStreet.com/careers