Global Markets Legal Department - Vice President and Senior Counsel for FX and Interest Rate Derivatives (Finance)
Company Overview
Our firm is a leading CFTC-registered swap dealer specializing in over-the-counter (OTC) foreign exchange (FX) and interest rate derivatives. We provide innovative financial solutions to a diverse range of institutional clients globally, helping them manage currency and interest rate risks.
Position Summary
We are seeking an experienced Vice President & Senior Counsel to join our Legal team. The successful candidate will provide expert legal counsel on regulatory, transactional, and operational matters related to our OTC derivatives business, with particular focus on FX and interest rate products.
Key Responsibilities
- Provide comprehensive legal support for the firm's OTC derivatives business, specializing in FX and interest rate products
- Draft, review, and negotiate ISDA Master Agreements, Credit Support Annexes, and other derivatives documentation
- Advise on CFTC regulations, applicable bank regulation, Dodd-Frank compliance, and other applicable regulatory requirements for swap dealers
- Support new product development by identifying and addressing legal and regulatory considerations
- Collaborate with business, operations, and compliance teams to ensure regulatory compliance in trading activities
- Monitor regulatory developments and provide strategic advice on implementation of new regulations
- Represent the firm in industry groups and regulatory discussions
- Manage relationships with external counsel on complex matters
- Provide training to business units on relevant legal and regulatory issues
Qualifications
- JD degree from an accredited law school
- 10+ years of relevant legal experience in derivatives, with specific expertise in OTC FX and interest rate products
- In-depth knowledge of CFTC and bank regulations applicable to swap dealers
- Strong understanding of Dodd-Frank Title VII, EMIR, and other global derivatives regulations
- Extensive experience with ISDA documentation and negotiation
- Previous experience at a financial institution, law firm with strong financial services practice, or regulatory agency
- Excellent analytical skills and attention to detail
- Strong communication and interpersonal skills
- Ability to explain complex legal concepts to non-legal colleagues
Location
The role is located in State Street's offices in Boston, MA or in Jersey City, NJ
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.
About State Street
What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation we're making our mark on the financial services industry. For more than two centuries, we've been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.
Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. You'll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.
Inclusion, Diversity and Social Responsibility. We truly believe our employees' diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.
State Street is an equal opportunity and affirmative action employer.
Discover more at StateStreet.com/careers
Salary Range:
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Job Application Disclosure:
It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to criminal penalties and civil liability.
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