Job description


  • Entry level
  • No Education
  • Salary to negotiate
  • New York City


Our client, a well regarded global investment bank seeks to add to it's growing Legal Department.The role provides coverage responsibilities of the Legal Function covering the Prime Services and Agency Derivatives Services businesses. The role holder will serve as a primary legal contact for Equities Finance, Fixed Income Finance and ADS, for both client-facing legal issues as well as for the regulatory matters related to these business areas.

The role holder will collaborate regularly with business and Infrastructure colleagues outside of the United States due to the global nature of the product offering and the needs of external clients. Responsibilities will include complex client negations requiring advanced drafting skills, providing transactional advice and assistance to the Contract Negotiation Specialist Group in their work negotiating prime brokerage, securities lending, repurchase, futures and cleared OTC derivatives agreements, advising the business and other Infrastructure units on securities and margin regulations, customer asset protection, broker-dealer and FCM regulations, supporting the Capital Solutions business within Prime Services and participation in the New Product Approval process.

The role holder will also step into a representative role for Legal in industry working groups focusing on cleared derivatives-related regulatory matters. In addition to the U.S. securities laws, CFTC regulations, bankruptcy and basic taxation issues, the role holder will be knowledgeable in respect of the Investment Adviser and Investment Company Acts, Dodd-Frank Title VII, EMIR, AIFMD, and other regulatory reforms impacting the securities and derivatives markets.

Key Accountabilities and Skills required:
Together with other members of the Prime Legal team, the role holder will work closely with senior business personnel and other related stakeholders (Legal, Compliance, Financial Resource Management, Finance, Risk, Change Management, Operations, etc.) to manage the legal advisory needs of the growing Prime Services business, the execution of related regulatory change initiatives, product build-outs and the legal issues relating to them.

The role holder will lead negotiation of key legal agreements in the relevant coverage areas through interaction with counterparties and business personnel at other financial institutions.

The role holder will work closely withFirm's regulatory change teams that are focused on structural projects and in other regions to promote synergies between regulatory projects where achievable.

The role holder will be responsible to stay abreast of various regulatory developments affecting the securities and derivatives businesses within the bank, including SEC and CFTC rulemaking under the Dodd-Frank Wall Street Reform and Consumer Protection Act, EMIR in Europe and other relevant regulatory initiatives.

The role holder will interact with regulators as required, including FINRA, the SEC, the Federal Reserve, the CFTC and the PRA.

The role holder will hold a deep knowledge of market and industry practices in all areas of their coverage through dialogue with peers at other institutions and participation in industry forums. The role holder will represent the firm in industry legal industry group meetings related to cleared derivatives and recommend strategic changes to senior leaders based on regulatory/industry direction.

Your Skills and Qualifications will include
o Basic Qualifications
o Bachelor’s Degree
o JD degree or foreign equivalent and be admitted to the bar in New York.
o 5+ years of experience managing relationships with stakeholders and skills combined with the ability to withstand front office pressure and exhibiting excellent negotiation and influencing skills and the ability to balance risk with reward in a commercial environment.

Preferred Qualifications
The ideal candidate will be an attorney with prior experience with Prime Services issues and its hedge fund client base, regulatory reform and some OTC derivatives. The ideal candidate will have experience at an investment bank and/or a top tier law firm, excellent legal drafting and negotiating skills, and a strong knowledge of US securities and financial markets laws.
The successful candidate will have excellent written and verbal English language skills.
In addition, the right candidate will possess a high degree of self-motivation, the ability to drive for results, a track record of setting and achieving goals and the presence, maturity, and credibility to present effectively to internal and external stakeholders.

  • broker
  • due
  • taxation