Legal Counsel Financial Markets

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Legal Counsel, Financial Markets
Responsibilities: Directly advise Front Office sales and trading personnel on the Bank’s Financial Markets (“FM”) businesses (FX, Credit, Rates, Commodity Derivatives and Futures, Repo and Securities Lending, Structured Commodities Transactions, Structured Lending, Deposits, etc.) – on permissibility of activities from a variety of legal frameworks, including contract enforceability, derivatives and securities laws, and bank regulatory perspectives. Maintain close relationships with stakeholders including FM business and product heads to provide them with relevant legal advice, guidance, and support. Anticipate and proactively provide legal advice and assistance in relation to FM-related projects and initiatives in a cost-effective manner. Focus on new areas of industry development and products (e.g. digitalization/digital assets). Act as Legal contact to FM front office personnel and other relevant stakeholders on transactions and business initiatives, with the primary lead on the Bank’s Debt Capital Markets (”DCM”) business. Advise Business and Risk stakeholders on a variety of perspectives, including legal, regulatory, and practical impacts to immediate and horizon issues. Negotiate transaction documentation related to various FM products with clients). Primary advisory to the Bank’s SEC registered broker-dealer on legal and regulatory needs. Provide substantial Legal support for new product initiatives and approvals. Provide back-up Legal coverage for the Bank’s Global Banking, Corporate Finance, and Structured Finance businesses including review of a variety of transaction documentation and collaboration with the business stakeholders, and when external counsel is engaged, provide oversight of external counsel’s quality of work and management of the matter. Provide transactional support having regard to relevant PPG/CA parameters and, if applicable, Bank's minimum standards and guidance for the relevant product or services. Provide secondary Legal coverage to other Bank departments as necessary. Advise FMO on sufficiency of legal authority in client documentation. Advise negotiation personnel on legal issues and internal requirements. Create memoranda as needed on specific areas of concern in banking to help keep others in FM aware of continuing and new issues with a keen focus on how to maintain efficiency considering these matters. Collaborate with the business and other stakeholders to construct guidance where internal policies have gaps or ambiguous interpretations, and align processes better with the U.S. market. Act as Legal representative on both internal and external working groups related to new products and projects. Update client template documentation relevant to FM considering local laws, regulations, and market customs as needed for product nuance. Act as legal point-of-contact for negotiation personnel when necessary with internal business functions and negotiations with client’s in-house or external counsel. Be aware of and understand the relevant policies and procedures applicable to the FM, and other, businesses. Lead through example and build the appropriate culture and values. Set appropriate tone and expectations from their team and work in collaboration with risk and control partners. Develop a strong working relationship with the legal team in the Europe and America’s region as well as within the wider Legal network of the Bank. Ensure a full understanding of the risk and control environment in area of responsibility. Maintain an awareness and understanding of the top risks facing the United States and the role the individual plays in managing them. Act as secondary representative for Legal in various FM business meetings. Report to and participate in risk control committees/meetings on relevant U.S. legal risks and issues. Advise and assist Accountable Executives/Responsible Persons of U.S. subsidiaries and branches on licensing/registration requirements to ensure compliant and efficient operation of the relevant business units. Display exemplary conduct and live by the Group’s Values and Code of Conduct. Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across **MEMBERS ONLY**SIGN UP NOW***.. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct. Lead the FM Legal and FMC teams to achieve the outcomes set out in the Bank’s Conduct Principles: Fair Outcomes for Clients; The Right Environment. Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters. Maintain and continually develop Legal and market knowledge with respect to FM and other products supported, in addition to regional initiatives and activities you are involved in. Provide secondary coverage for other businesses. Ensure properly defined external counsel engagements where needed. Oversee the quality of work and manage external legal costs. Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures.

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