Legal Counsel, Financial Markets
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.
To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.
We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.
The Role Responsibilities General Financial Markets:
Identification and mitigation of legal risks:
- Provide general and transactional legal advice to FM (in particular on BCS, ABS and structured funding trades).
- Negotiate and complete transaction documentation.
- Review, maintain and manage documentation templates.
- Provide training on legal/documentation matters and legal policies and procedures.
- Provide legal review and sign-off required under relevant policies and procedures.
- Assist in liaison with external counsels and country legal and compliance colleagues.
- Provide advice on client disputes and potential defaults (e.g. triggering of credit events, close-out or derivative positions).
- Assist Front Office and FMC teams on queries on relation to ISDA Master Agreement, GMRA, GMSLA, IBOR, confirmations, NDAs and netting.
- Answer queries in relation to account opening process, policy and documentation.
New products development and roll-out to new jurisdictions:
- Determine adequacy, validity and enforceability of contractual and collateral documentation.
- Manage documentation templates automation.
- Legal knowledge management.
- Assist with review of and compliance with policies and procedures.
- Assist in process governance committees and operational risks committees.
- Assist in management of client dispute resolution, if any.
- Update documents due to regulatory and law changes.
- Review and provide legal sign-offs for product and country governance documents.
- Design, develop and approve new products documentation and country specific documentation.
- Lead and coordinate with country legal & compliance in relation to global roll-out of new products.
- Consider and analyse cross border legal and regulatory risks.
Legal costs management:
- Monitor and advise on regulatory reform developments in Hong Kong.
- Provide support on documentation changes to comply with regulatory changes.
- Advice and inform front office on new business initiatives due to regulatory changes.
- Inform business the regulatory changes and the impact on their areas.
- Attend working group meetings and trainings.
Our Ideal Candidate Experience and knowledge:
- Control, monitor and report external legal spending.
- Monitor quality of legal services provided by external law firms.
- Provide non-panel law firm approvals on a selective basis.
Character and skills:
- Minimally, a degree in Law.
- Qualified lawyer, preferably in a common law jurisdiction.
- Experience in OTC products and programme-based products (advantage if candidate has previous experience on equity derivatives and ABS).
- Experience in general commercial banking.
- Experience in structured finance and derivatives.
- Experience working in the markets of the bank's footprints (desirable).
- Understand ISDA documentation (eg. ISDA definitions, ISDA Master Agreement, Collateral documentation, GMSLA, GMRA).
- Basic Chinese skills (reading, writing, speaking) necessary
- [4-7] years of PQE
- Strong analytical and legal skills.
- Personal authority and integrity.
- Independence and resilience.
- An inquisitive approach to practices, procedures and specific transactions.
- Ability to coordinate across different functions and geographies.
- As Legal Counsel, the individual must be able to make judgment calls not just from a documentation perspective but also in light of the bank's policies and procedures.
- Many issues which arise in the course of drafting or negotiating documentation are not legal issues but involve aspects of credit, market, event or operational risk. The Legal Counsel must be able to understand the nature of these risks and contribute to the processes that mitigate these risks.
- Negotiation of document often requires a judgment decision in which a balance must be struck between the interests of doing business and of protecting the bank. Even though the Legal Counsel may not make this decision solely, he/she must be able to make a meaningful recommendation and to provide the decision-maker with sufficient information in order to make an informed decision.
- The Legal Counsel must be able to adapt his/her approach to a range of legal systems which may differ considerably from the system he/she was trained in.
Apply now to join the Bank for those with big career ambitions.
To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.