Description:

The Vice President and Counsel will be responsible for working independently and as part of a legal team of attorneys on a wide range of legal and regulatory matters relating to equity derivatives and interest rate derivatives. The Vice President and Counsel will provide legal, regulatory and transactional support to our SEC and CFTC registered security-based swap dealer business and to our broker-dealer. Knowledge of and experience with rules applicable to swap dealers and with equity derivatives structures and prime brokerage structures is required.

The role is located in either State Street's offices in Boston, MA or in Jersey City, NJ

Qualifications include:

Strong knowledge of equity derivatives and underlying cash equity markets
Familiarity with a wide range of contractual documentation published by the International Swaps and Derivatives Association, including master netting agreements, credit support agreements, master confirmation agreements and various booklets of product-specific definitions (including the Equity Definitions and the Interest Rate Definitions) used to document and confirm OTC transactions
Experience performing Basel netting analysis in connection with equity derivative transactions
Expertise in rules applicable to SEC and CFTC security based-swap dealers, including federal margin regulations, the Volcker rule, the Uniform Commercial Code, the Bankruptcy Code, Section 13 and 16 of the Securities Exchange Act, Section 5 of the Securities Act, SEC Rules 10b5 and 10b-18, and general contract law
Understanding of equity derivatives products, including equity swaps, total return swaps, basket swaps, mixed swaps and contracts for difference
Ability to work independently and manage multiple priorities across a global organization
Experience dealing with sophisticated business partners and institutional customers
Juris Doctor degree and admission to the state bar in Massachusetts or New Jersey or a state bar such as New York eligible for reciprocity in Massachusetts or New Jersey
Five (5) years of experience practicing law in the field of equity derivatives in either a law firm or in-house legal department

Why this role is important to us
The person filling this role will be responsible for all aspects of supporting these businesses and their 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;
Providing legal and regulatory advice to sales and trading personnel and to key functional support groups, including Credit, Documentation, Operations, Collateral Management and Compliance;
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;
Providing legal analysis in connection with changes to existing product offerings and new product offerings;
Active involvement in the preparation of legal analysis to be put before internal new product approval committees;
Assisting with regulatory inquiries;
Providing legal support to senior global business colleagues;
Managing consultation process with external legal counsel;
Participating in trade association initiatives relating to equity derivatives and interest rate derivatives;
Ensuring all internal legal templates, policies and guidelines are understood and implemented and are up to date against applicable legislation.

The above cited duties and responsibilities 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, communication and customer service skills with ability to sustain strong relationships with clients, peers and staff;
Ability to interact with multiple levels in an organization 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 organizational 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.