Legal – Senior Legal Counsel – VP – Global Markets – OTC Derivatives – Fx – Rates – Equities
| Company | State Street |
|---|---|
| Location | Boston, MA, USA, New York, NY, USA |
| Salary | $130000 – $205000 |
| Type | Full-Time |
| Degrees | JD |
| Experience Level | Expert or higher |
Requirements
- JD degree from an accredited law school
- 10+ years of relevant legal experience in derivatives, with specific expertise in OTC FX and interest rate products
- In-depth knowledge of CFTC and bank regulations applicable to swap dealers
- Strong understanding of Dodd-Frank Title VII, EMIR, and other global derivatives regulations
- Extensive experience with ISDA documentation and negotiation
- Previous experience at a financial institution, law firm with strong financial services practice, or regulatory agency
- Excellent analytical skills and attention to detail
- Strong communication and interpersonal skills
- Ability to explain complex legal concepts to non-legal colleagues
Responsibilities
- Provide comprehensive legal support for the firm’s OTC derivatives business, specializing in FX and interest rate products
- Draft, review, and negotiate ISDA Master Agreements, Credit Support Annexes, and other derivatives documentation
- Advise on CFTC regulations, applicable bank regulation, Dodd-Frank compliance, and other applicable regulatory requirements for swap dealers
- Support new product development by identifying and addressing legal and regulatory considerations
- Collaborate with business, operations, and compliance teams to ensure regulatory compliance in trading activities
- Monitor regulatory developments and provide strategic advice on implementation of new regulations
- Represent the firm in industry groups and regulatory discussions
- Manage relationships with external counsel on complex matters
- Provide training to business units on relevant legal and regulatory issues
Preferred Qualifications
- 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