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

State Street•Boston, MA

7d•$130,000 - $238,750

About The Position

Senior Legal Counsel (VP) - Global Markets, OTC Derivatives (FX, Rates, Equities) Company Overview Our firm is a leading CFTC- and SEC-registered swap dealer specializing in over-the-counter (OTC) foreign exchange (FX), interest rate and equity derivatives. We provide innovative financial solutions to a diverse range of institutional clients globally. Position Summary 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.

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