Global Markets, EMEA Legal Counsel recruitment
THE COMPANY
State Street Corporation (NYSE: STT), is the world’s leading provider of financial services to institutional investors, to which it provides: custody and management of their assets; accounting, daily pricing, and administration of their funds; the information and analytical tools that help them make investment decisions; and the foreign exchange, cash management, credit and electronic trading services that help them negotiate complex, global financial markets efficiently and effectively. Founded as a bank in 1792 in Boston, Massachusetts, State Street had $21.8 trillion in assets under custody and administration and $1.9 trillion in assets under management at March 31, 2012. State Street operates in 29 countries and more than 100 geographic markets and employs more than 29,000 people worldwide.
STATE STREET GLOBAL MARKETS
State Street Global Markets provides specialized research, multi-asset trading, securities lending and innovative portfolio strategies to owners and managers of institutional assets. Our goal is to enhance and preserve portfolio values for our customers through original investment behaviour research, proprietary portfolio and risk management technologies, trading optimization and global trade connectivity. Through our extensive global footprint, we provide diverse liquidity and crossing that support cost-effective solutions for our customers’ needs across a variety of business including Equity Trading and Related Products (Including Commission Sharing and Research Products), Electronic Trading Solutions, Portfolio Solutions (Including Transition Management and Currency Management), Derivatives Clearing, Foreign Exchange trading, Futures, Proprietary Investment Behavior Research and Securities Lending.
The Global Market Legal Team is an expanding and business focused team, currently comprising nineteen lawyers in Boston, eight lawyers in London and three in Hong Kong. The EMEA Global Markets Legal Team reports to the Head of Global Markets Legal in Boston and to the Head of Legal, EMEA, and has overall responsibility for the custody, asset management and global markets business of State Street in the EMEA region.
RESPONSIBILITIES
The candidate will have the following duties:
• Performing the role of Legal Counsel and Vice President within the EMEA Global Markets Legal Team, primarily covering Derivatives Clearing;
• Assisting in covering Electronic Trading Solutions, Futures, Equity Trading and Related Products and Foreign Exchange trading;
• Reporting to the Managing Counsel of EMEA Global Markets Legal Team; and assuming management responsibilities within the Team as delegated;
• Providing sound legal advice, guidance and judgement in relation to all legal issues pertaining to the business and in particular the contractual and regulatory issues;
• Reviewing and analyzing proposed legislation worldwide relating to the areas above, and providing advice and creative legal solutions to business partners;
• Negotiation and drafting of the contractual documentation in designated areas of responsibility, with ability to review, draft and negotiate template and bespoke documentation with clients;
• Participation in business development initiatives and local implementation of global initiatives as required; develop appropriate documentation and assist in the establishment of policies for new businesses;
• Ensure that existing and new documentation reflects best practice and reflects changes in law, regulation or practice;
• Ensure that local legal and regulatory requirements are well understood within the supported business areas and the EMEA Global Markets Legal Team and that any differences are appropriately addressed.
• Communicating effectively and regularly with the Managing Counsel of the EMEA Global Markets Legal, Team on all regulatory and contractual matters facing Global Markets, EMEA;
• Responsibility for corporate support to Global Markets legal entities and involvement in corporate governance issues arising in connection with United Kingdom entities;
• Ensuring that corporate policy is complied with and any exception requests are dealt with efficiently and collaboratively;
• Active participation and liaison with colleagues within compliance, risk, operations and business;
• Liaising with external advisors and ensuring that the use of external advisors is appropriate, cost effective and commercially focused.
QUALIFICATIONS / REQUIREMENTS/SKILLS
• UK or equivalent qualified solicitor with at least seven years post qualification experience gained, preferably in the capital markets and/or derivatives department of a major law firm or in-house.
• Relevant experience in and command of issues relating to transactions and documentation in core areas of capital markets, an ability to keep abreast of current industry trends;
• Strong knowledge of regulatory environment in the United Kingdom and Europe (FSA, MiFID, etc.), with knowledge of regulations in the United States beneficial, but not required.
• Excellent drafting and negotiating skills
• Excellent communication and presentation skills
• Results-oriented with strong project management and execution skills