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To provide legal and regulatory advisory, product structuring, execution and miscellaneous documentation support to the Financial Markets (FM) businesses in the GCNA region as follows:
(a) Sales, Structuring & Trading (regionally in all asset classes with a particular product focus on Commodities, FX, Rates and Credit Derivatives and Structured Funding). Many of these businesses require familiarity with highly structured product iterations and have both onshore/offshore PRC dimensions.
(b) Support both OTC and programme-based product, assist with programme updates and implementation of new programmes.
(c) Support regulatory reform initiatives in GCNA (including, but not limited to, PRC market liberalisation, central clearing, trade reporting and client clearing, margin reform).
(d) Support and implement applicable Group legal standards, practices and requirements and working in close collaboration with FM legal and compliance senior management.
(e) Lead, mentor, share and collaborate with team colleagues and Compliance colleagues in areas of individual expertise
Key Roles and Responsibilities
General Financial Markets:
Product and business advisory work
- Provide general structuring, product, regulatory and transactional legal advice.
- Negotiate, complete and facilitate execution of transaction documentation.
- Review, maintain and manage product and transactional templates.
- Provide training on legal/documentation product and regulatory matters and legal policies and procedures.
- Provide legal review and sign-off as required under relevant policies and procedures.
- Instruct external counsel in conjunction with product, region, country Legal and Compliance colleagues.
- Provide advice on disputes and potential defaults.
Identification and mitigation of legal risks:
- Assist in the identification of material legal and jurisdictional risks for the relevant businesses.
- Anticipate and assess key legal developments in the business for management consideration, and helps drive the development and implementation of appropriate legal framework.
- Undertake continual assessment of legal and documentation risks.
- Participate in the overall governance of a business.
- Assist in approving new products and new business initiatives.
- Assist regional and country teams with product line expertise as required, particularly with regard to legal documentation and in-country product approvals.
- Assist in management and implementation of the legal product framework and in the preparation and distribution of legal documentation in relation to FM business work streams.
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.
- Review and provide legal sign-offs for product and country governance documents.
- Design, develop and approve new product 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 regionally.
- Provide support to business on trade reporting and central clearing initiatives.
- Provide support to client clearing initiative.
- Update the regulatory reform team and FM Legal senior management team on developments.
- Liaise with regulatory reform team and FM Legal senior management on EMIR, FATCA and Volcker issues in order to advise business on such issues.
- 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.
- Build relationships with relevant business stakeholders, the L&C function and other risk functions.
- Endeavour to keep all relationships on a strong professional and collegial footing.
- Endeavour to take a holistic approach to the management of risk.
Qualifications and Skills
Experience and knowledge:
- Possess core technical knowledge of laws and regulations applicable to the relevant business (or businesses) for which he / she is responsible.
- Have a general understanding of variations in such laws and regulations across relevant jurisdictions.
- Have a core grasp of the sales and transactional activities of the business, its operating model, and its key risks.
Character and skills:
- Minimally, a degree in Law.
- Qualified lawyer.
- Experience in general commercial banking.
- Experience in structured finance and derivatives.
- Experience working in the markets of the bank's footprints (desirable).
- Working understanding of ISDA documentation (eg. ISDA Master Agreement, Collateral documentation) and securitised products.
- 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.
- 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 Counsel must be able to understand the nature of these risks and contribute to the processes that mitigate these risks.
- Negotiation of documentation often requires a judgement decision in which a balance must be struck between the interests of doing business and of protecting the bank. Even though the 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.
- 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.
How To Apply
You can search and view current opportunities across our organisation and apply immediately by visiting www.standardchartered.com and selecting Careers. To help speed up your application, please note the following:
- You will need to log in (or register if you are visiting our careers site for the first time) before you can apply for a specific role
- Some roles may require you to undertake an online talent assessment in addition to completing the application form (to facilitate this process it is preferable that you provide us with an email address as part of your contact information)
- We will ask you about your education, career history and skills and experience, it may be helpful to have this information at hand when completing your application
It usually takes 15 - 20 minutes to complete the application form; you can save your application at any time and return to complete it at your convenience.
The closing date for applications is 28/02/2017. Please note all closing dates are given in Hong Kong time (GMT + 8 hours). We aim to respond to successful applicants within four weeks and will keep a record or your application in our database so that we can contact you when suitable vacancies arise in future.
Third Party Applications
Please note: Applications from third parties are not accepted unless by invitation.
Diversity and Inclusion
Standard Chartered is committed to diversity and inclusion. We believe that a work environment which embraces diversity will enable us to get the best out of the broadest spectrum of people to sustain strong business performance and competitive advantage. By building an inclusive culture, each employee can develop a sense of belonging, and have the opportunity to maximise their personal potential.
Equal Opportunity Employer
Standard Chartered is an equal opportunity employer. We have a meritocratic culture where each individual employee is valued and respected for who they are as a person and for what they bring to the organisation.