The Legal Counsel advises the Financing Solutions business on securities lending, repo agreements, and regulatory compliance. Responsibilities include drafting legal contracts, managing external counsel, and supporting strategic growth initiatives within the Markets Legal team.
Full description
This role is a key position in the Markets Legal team, advising the Financing Solutions business (comprising Agency Securities Lending, Prime Services and Secured Financing).
The role is located in State Street’s offices in Canary Wharf, London, UK. Qualifications include:
Solicitor or barrister qualified to practise English law;
Right to work in the UK;
Extensive experience practising in a major law firm and/or in-house working in the relevant product areas in EMEA;
In-depth knowledge of securities lending and repurchase master agreements (e.g. the GMSLA and GMRA);
Experience dealing with all aspects of MiFID, CASS and SFTR and strong awareness of other relevant regulatory requirements;
Good understanding of licensing laws relevant to cross-border activity in EMEA;
Track record of working in a high-performing team and working to tight deadlines;
Strong experience in drafting and negotiating market-standard and bespoke documentation.
Why this role is important to us
The person filling this role will be responsible for all aspects of supporting the Financing Solutions products, strategic growth initiatives and client onboardings.
What you will be responsible for
The candidate will be responsible for duties including the following:
Drafting and negotiating legal contracts and documentation, including securities lending and repo agreements, and bespoke documentation;
Working closely with stakeholders in the development of new products and enhancement of existing offerings, including providing technical legal analysis in a clear and concise manner;
Collaborating with global legal colleagues to effectively and efficiently onboard new clients;
Conducting, leading and training others regarding netting, enforceability, jurisdictional and other reviews;
Advising on applicable laws and regulations and the impact on State Street’s business, and assisting with regulatory inquiries;
Active involvement in the preparation of legal analysis to be put before internal new product approval committees;
Instructing and managing external legal counsel;
Ensuring all internal legal templates, policies and guidelines are understood, implemented and are up to date with respect to applicable legislation.
The duties and responsibilities noted above describe the general nature and level of work performed by people assigned to the job. They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform.
What we value
These skills will help you succeed in this role:
Results oriented with strong project management and execution skills;
Strong interpersonal and communication skills with ability to sustain strong relationships with clients, peers and stakeholders;
Ability to interact with colleagues at all levels in the organisation 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 organisational 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.
About State Street
Across the globe, institutional investors rely on us to help them manage risk, respond to challenges, and drive performance and profitability. We keep our clients at the heart of everything we do, and smart, engaged employees are essential to our continued success.
We are committed to fostering an environment where every employee feels valued and empowered to reach their full potential. As an essential partner in our shared success, you’ll benefit from inclusive development opportunities, flexible work-life support, paid volunteer days, and vibrant employee networks that keep you connected to what matters most. Join us in shaping the future.
As an Equal Opportunity Employer, we consider all qualified applicants for all positions without regard to race, creed, color, religion, national origin, ancestry, ethnicity, age, disability, genetic information, sex, sexual orientation, gender identity or expression, citizenship, marital status, domestic partnership or civil union status, familial status, military and veteran status, and other characteristics protected by applicable law.
Discover more information on jobs at http://statestreet.com/careers
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Company information
State Street Corporation is a prominent global financial services company founded in 1792 in Boston, Massachusetts. As the second-oldest continuously operating bank in the United States, it has grown into one of the largest asset managers and custodians in the world, managing approximately $4.7 trillion in assets and overseeing $46.6 trillion in assets under custody and administration as of 2024.
The company primarily serves institutional investors, including mutual funds, pension funds, insurance companies, and alternative investment managers. Its core services encompass custody and asset servicing, investment management through State Street Global Advisors, investment research and trading, data and analytics, and securities lending and financing. With a strong emphasis on innovation in financial technology, State Street has a global presence with offices across North America, Europe, Asia, and other regions, reflecting its commitment to serving a diverse range of clients.
