Legal Counsel – Wholesale | S3 | Legal & Corporate Governance

Banco Santander SA; London; Hybrid; GBP 50,000 - 90,000; Full time

Job summary

An exciting opportunity awaits for a Legal Counsel in a leading financial institution, focusing on derivatives and securities finance. This role involves drafting and negotiating essential legal documentation while managing legal risks associated with corporate customers and wholesale markets. You will collaborate closely with various teams to ensure compliance with regulatory changes and support business objectives. Join a dynamic team that values diversity and offers a hybrid working pattern, allowing you to thrive both at work and home. If you are passionate about law and finance, this position is perfect for you.

Benefits

Discretionary performance-related annual bonus

8% pension contribution

30 days holiday plus bank holidays

£6,000 car allowance per year

Company funded private medical insurance

Voluntary healthcare benefits

Death-in-service benefit

Income protection insurance

Discounted life assurance and critical illness cover

Employee discounts on Santander products

Qualifications

• Solid understanding of derivatives and their regulatory framework.
• Experience with secured lending and derivative agreements preferred.

Responsibilities

• Drafting, reviewing, and negotiating legal documentation for derivatives.
• Identifying and managing legal risk in Treasury & Structured Finance.

Skills

Derivatives

Securities Lending/Repos

Trading Infrastructure

Regulatory Framework

Secured Lending

Facility Agreements

Intercreditor Agreements

General Banking

Securitisation

Numeracy Skills

Education

Law Degree

Tools

Excel

PowerPoint

Job description

Legal Counsel – Wholesale | S3 | Legal & Corporate Governance

Country: United Kingdom

Apply

We have an exciting opportunity for a Legal Counsel role within the Treasury & Structured Finance Legal team at Santander UK, focused on our derivatives and securities finance businesses.

In your role you’ll be involved in drafting, reviewing, negotiating and delivering the legal documentation required for Santander UK’s corporate customer and wholesale markets derivatives and securities finance businesses, including working with deal and template documentation, legal opinions, trading infrastructure agreements and becoming involved with the implementation of regulatory changes.

The role will focus on identifying and managing legal risk, whilst facilitating the development and execution of the transactions of the businesses supported (including through the development of solutions to achieve business objectives or overcome legal, structuring or regulatory issues).

The difference you’ll make:

• Identifying and managing legal risk in relation to the activities supported by the Treasury & Structured Finance Legal team, whilst facilitating the development and execution of the activities of the relevant businesses (including through the development of solutions to achieve business objectives or overcome legal or other issues)
• Drafting, reviewing, negotiating and delivering legal documentation for Santander UK’s wholesale markets and customer derivatives businesses, including deal and template documentation, legal opinions, trading infrastructure agreements and involvement in the implementation of regulatory changes
• Analysing the implications of, communicating and embedding or reflecting in relevant documentation and transactions legal and regulatory developments or changes in Santander UK policies and procedures relevant to Santander UK’s products
• Liaising, developing and maintaining a working relationship with other teams in the wider Legal and Finance teams, including Tax, Risk, Compliance and Internal Audit
• Working within all aspects of the wider Treasury & Structured Finance Legal team’s work (including structured notes and structured deposits, securitisations, and portfolio transfers) to ensure that effective support is provided to other team members when priorities change or at times of peak workload

What you’ll bring:

These are the essential requirements you need to be successful in this role:

• A solid understanding of derivatives, securities lending/repos, trading infrastructure and their regulatory framework
• Experience of secured lending, including facility agreements and intercreditor agreements and derivative/hedging agreements linked to those structures is preferred
• General banking or securitisation experience, with a desire to widen their understanding of derivatives, would also be suitable for this position
• Good knowledge and understanding of the regulatory framework applicable to UK financial services, industry trends and best practice, as well as experience working as part of a transactional environment (either in private practice or in house)

It would also be nice for you to have:

• Numeracy skills with good experience of Excel and PowerPoint
• Outstanding interpersonal and communication skills
• Reputable commercial, pragmatic and enthusiastic approach in undertaking tasks
• Excellent time management skills

What else you need to know:

This role is based in London.

We want our people to thrive at work and home, and also be able to deliver the best outcomes for our customers and to help each other develop. To support this, we offer site-based contracts with a hybrid working pattern and our expected level of attendance in an office is at least 12 days per month (pro-rata for part-time roles).

If you apply for this role in this location, it’s important you consider your travelling distance, time and cost from your home to the office location.

We’re happy to discuss specific working patterns and arrangement within this hybrid approach during the recruitment process.

Inclusion

At Santander we’re creating a thriving workplace where all colleagues feel they belong and are supported to succeed. We all help to make Santander a workplace that celebrates diversity and attracts, retains and develops the most talented and committed people through living our values of Simple, Personal, and Fair.

How we’ll reward you.

As well as a competitive salary, you’ll enjoy a benefits package that you can tailor to your needs.

• Eligible for a discretionary performance-related annual bonus.
• We put 8% of salary into your pension, even if you don’t contribute yourself. We’ll pay in up to 12.5% of salary, if you contribute as well, and you can take some of our contribution in cash if you prefer.
• 30 days’ holiday plus bank holidays, which increases to 31 days after 5yrs service, with the option to purchase up to 5 contractual days per year.
• £6,000 car allowance per year.
• Company funded individual private medical insurance.
• Voluntary healthcare benefits at discounted rates such as private medical insurance for your family, dental insurance, and health assessments.
• Protection for you and your family, with company-funded death-in-service benefit and income protection insurance, and the option to take advantage of discounted rates for additional life assurance and critical illness cover.
• Share in Santander’s success by saving or investing in our share plans.
• As a Santander UK employee, you are able to request staff versions of our products like our Edge Current Accounts and Credit Cards with no fees, as well as apply to many other deals and discounts in Santander products and services.

Learn more about our benefits and family friendly policies

What to do next:

If this sounds like a role you’re interested in, then please apply.

If there’s anything we can do in the recruitment process to help you achieve your best, get in touch. Whether it’s a copy of our application form in another format or additional assistance, we’re available through telephone, email, or face to face. You can contact us at [e-mail] or call 0870 414 9080.