girl looking into her desktop
Back to search results

Equities Legal Solicitor – Prime Brokerage

London, , United Kingdom

Job Description:

Job Title: Equities Legal Solicitor – Prime Brokerage

LOB: Legal / EMEA Equities Legal

Corporate Title: Vice President – Assistant General Counsel

Location: London

A fantastic opportunity has become available for an Equities Legal Solicitor – Prime Brokerage to join the established EMEA Equities Legal team in the London office. The Prime Services Legal team supports the trading floor in accordance with line of business working practices.  We provide services to clients trading in financial instruments across global markets, and together with our peers in other regions we stand ready to provide wrap-around coverage.

Overview of the Role:

  • Providing legal support to Agreements & Documentation and Confirmations groups relating to the negotiation of equity swap and cash prime brokerage documentation

  • Review and negotiation of third party security arrangements, term margin agreements and other bespoke documentation

  • Provide legal advice to related areas, e.g. Prime Brokerage and equities swaps

  • Creation and maintenance of product templates, guidelines and legal documentation summaries

  • Involvement with related due diligence projects and other reviews, including those related to compliance with existing and forthcoming legislation and regulations, for e.g. CSDR, SFTR, UMR, MiFID II

  • Liaising with external counsel in the development of new products and regulatory compliance

  • Advise on development of new products and structures in the prime brokerage and equity swaps areas

  • Close engagement with Business and other key stakeholders (Compliance, Tax, Risk, Credit)

The Team:

  • EMEA Equities Legal is a team of 31 lawyers led by Mark Skinner, with 30 FTE located in London and 1 FTE in Paris.  Prime Services Legal is a sub-set of this team comprised of 8 lawyers, including Vanessa Sharp (MD), 3 Directors, 3 VPs (one being the vacancy to be filled) and an AVP

  • The Prime Services Legal team is a highly collaborative team with an excellent working relationship, as demonstrated by the low turnover rate

  • The team works closely with the Prime Brokerage business, as their trusted advisors who work in partnership with the line of business in furtherance of achieving its goals

  • Cumulatively the team has a vast amount of experience and are well placed to provide ongoing support and training, with senior members actively identifying development opportunities for more junior team members

  • More broadly, the Global Markets Legal team have an internal mentoring program, connecting senior leaders across the legal department with teammates across all regions

  • In addition, the Global Markets Legal team have an external mentoring program with its key magic circle law firms, helping to develop and support diverse lawyers and in furtherance of a creating a legal profession which represents the  diversity of our communities

Core Skills:

  • Qualified Lawyer  4-5 years pqe

  • Experience of investment banking (preferably markets/ clearing businesses) either through private practice advisory work/secondment or in-house legal department

  • Experience of legal advisory work on the Financial Conduct Authority’s Client Asset Sourcebook (FCA CASS Rules)

  • Thorough understanding of collateral and security arrangements

  • Transactional and deal experience

  • Excellent attention to detail and accuracy of work

  • Proactive and able to manage competing priorities/tight deadlines

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Job Band:

H4

Shift: 

Hours Per Week:

35

Weekly Schedule:

Referral Bonus Amount:

0

Job Description:

Job Title: Equities Legal Solicitor – Prime Brokerage

LOB: Legal / EMEA Equities Legal

Corporate Title: Vice President – Assistant General Counsel

Location: London

A fantastic opportunity has become available for an Equities Legal Solicitor – Prime Brokerage to join the established EMEA Equities Legal team in the London office. The Prime Services Legal team supports the trading floor in accordance with line of business working practices.  We provide services to clients trading in financial instruments across global markets, and together with our peers in other regions we stand ready to provide wrap-around coverage.

Overview of the Role:

  • Providing legal support to Agreements & Documentation and Confirmations groups relating to the negotiation of equity swap and cash prime brokerage documentation

  • Review and negotiation of third party security arrangements, term margin agreements and other bespoke documentation

  • Provide legal advice to related areas, e.g. Prime Brokerage and equities swaps

  • Creation and maintenance of product templates, guidelines and legal documentation summaries

  • Involvement with related due diligence projects and other reviews, including those related to compliance with existing and forthcoming legislation and regulations, for e.g. CSDR, SFTR, UMR, MiFID II

  • Liaising with external counsel in the development of new products and regulatory compliance

  • Advise on development of new products and structures in the prime brokerage and equity swaps areas

  • Close engagement with Business and other key stakeholders (Compliance, Tax, Risk, Credit)

The Team:

  • EMEA Equities Legal is a team of 31 lawyers led by Mark Skinner, with 30 FTE located in London and 1 FTE in Paris.  Prime Services Legal is a sub-set of this team comprised of 8 lawyers, including Vanessa Sharp (MD), 3 Directors, 3 VPs (one being the vacancy to be filled) and an AVP

  • The Prime Services Legal team is a highly collaborative team with an excellent working relationship, as demonstrated by the low turnover rate

  • The team works closely with the Prime Brokerage business, as their trusted advisors who work in partnership with the line of business in furtherance of achieving its goals

  • Cumulatively the team has a vast amount of experience and are well placed to provide ongoing support and training, with senior members actively identifying development opportunities for more junior team members

  • More broadly, the Global Markets Legal team have an internal mentoring program, connecting senior leaders across the legal department with teammates across all regions

  • In addition, the Global Markets Legal team have an external mentoring program with its key magic circle law firms, helping to develop and support diverse lawyers and in furtherance of a creating a legal profession which represents the  diversity of our communities

Core Skills:

  • Qualified Lawyer  4-5 years pqe

  • Experience of investment banking (preferably markets/ clearing businesses) either through private practice advisory work/secondment or in-house legal department

  • Experience of legal advisory work on the Financial Conduct Authority’s Client Asset Sourcebook (FCA CASS Rules)

  • Thorough understanding of collateral and security arrangements

  • Transactional and deal experience

  • Excellent attention to detail and accuracy of work

  • Proactive and able to manage competing priorities/tight deadlines

Bank of America

Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates.

In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here.

Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well.

We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience.

We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment.

Learn more about this role

Full time

JR-21040483

Band: H4

Manages People:

Manager:

Talent Acquisition Contact:

Peter Brown

Referral Bonus:

0

Street Address

Primary Location:
2 KING EDWARD ST, London, EC1A 1HQ