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State Street · 1 day ago

Legal - Senior Legal Counsel (VP) - Global Markets, OTC Derivatives (FX, Rates, Equities)

Jersey City, NJ

Full-time

Onsite

Mid, Senior Level

$130K/yr - $239K/yr

5+ years exp

State Street is a leading CFTC- and SEC-registered swap dealer specializing in OTC derivatives. They are seeking an experienced Vice President & Senior Counsel to provide expert legal counsel on regulatory, transactional, and operational matters related to their OTC derivatives businesses, focusing on FX, interest rate derivatives, and equity swaps.

BankingFinanceFinancial Services

Responsibilities

Provide comprehensive legal support for the firm's OTC derivatives businesses, specializing in FX, interest rate derivatives and equity swaps

Oversee the negotiation of ISDA Master Agreements, Credit Support Annexes, Master Confirmation Agreements and other derivatives documentation

Advise on CFTC and SEC 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

Qualification

JD degree5+ years legal experienceCFTCSEC regulationsISDA documentationDodd-Frank complianceAnalytical skillsCommunication skillsInterpersonal skillsProject managementTime management

Required

JD degree from an accredited law school

5+ years of relevant legal experience in derivatives, swap dealer regulation, prime brokerage or related financial transactions

In-depth knowledge of CFTC, SEC 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

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

Preferred

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