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

State Street • Jersey City, NJ

23d

About The Position

We are seeking an experienced Vice President & Senior Counsel to join our Legal team. The successful candidate will provide expert legal counsel on regulatory, transactional, and operational matters related to our OTC derivatives businesses, with a particular focus on FX, interest rate derivatives and equity swaps.

Requirements

• 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

Nice To Haves

• 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

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

Benefits

• Employees are eligible to participate in State Street’s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree
• Number of Employees: 5,001-10,000 employees