Derivatives and Securities Financing Lawyer

ICBC Standard Bank Group; City of London; On-site; GBP 70,000 - 90,000; Full time

Job summary

A leading financial markets bank in London is looking for a Derivatives and Securities Financing Lawyer. The role involves providing legal support for transactions, including drafting and negotiating documentation, along with advising on regulatory impacts. Candidates should have prior experience in derivatives financing and must be legally qualified. This full-time position offers a hybrid working model and a comprehensive benefits package.

Benefits

Discretionary annual bonus

Hybrid working options

Private medical insurance

Paid volunteering leave

Qualifications

• Practical experience in derivatives and securities financing transactions is essential.
• Previous work at a global law firm or in-house legal department preferred.

Responsibilities

• Provide legal advice in relation to derivatives and securities financing transactions.
• Review and negotiate transaction documentation and manage legal risks.
• Advise on regulatory compliance issues impacting transactions.

Skills

Excellent drafting, analytical and communication skills

Ability to work independently and as part of a team

Understanding of legal issues relevant to emerging markets

Familiarity with UK investment banking regulatory landscape

Education

Legally qualified in a relevant jurisdiction

Job description

Derivatives and Securities Financing Lawyer

Join to apply for the Derivatives and Securities Financing Lawyer role at ICBC Standard Bank Plc.

We are looking for a highly motivated lawyer specialising in derivatives and securities financing transactions. The role involves providing legal support for a wide range of issues arising from derivatives and securities financing transactions, including both structured and flow transactions, and involves drafting, reviewing and negotiating transactional documentation for different product types across a broad range of asset classes and underliers such as FX, rates, commodity, and credit‑linked OTC derivatives, FX and credit‑linked notes, repo and reverse repo transactions as well as documentation for the distribution of related risks, such as participation agreements and credit insurance. It will also include reviewing and negotiating documentation with nostro banks, custodians and other service providers, and advising on matters relating to electronic trading platforms.

The lawyer in this role will also be required to advise on the practical impact of new regulations on the Bank's derivatives and securities financing trading activities, as well as advising on cross‑border issues. The lawyer will, with other lawyers in the transactional Legal team, work closely with the business on supporting day‑to‑day business transactions, helping to structure new transactions and products, and advising the business on how regulations affect their business. The lawyer will work closely with the rest of the Legal team in respect of transactional and advisory work, and from time to time will be responsible for supporting other products (e.g. commodities and Debt Capital Markets) and engaging and managing external counsel in respect of certain matters.

This role requires the successful candidate to be able to proactively identify legal and regulatory issues, provide commercially pragmatic advice to the business and work well both within the Legal team and with other departments.

What you'll be responsible for

• Providing legal advice in relation to derivatives and securities financing transactions, including providing structuring, documentation and legal support in respect of transactions linked to fixed income asset classes (including rates, credit and currencies), including cash, repo and OTC derivative products (including finance‑linked swaps), and credit‑ and/ or FX‑linked notes. There is also likely to be a component of OTC commodity derivatives. All these products have a focus on emerging markets.
• All aspects of Legal structured transaction management for derivatives and structured financing transactions, including the review and negotiation of transaction documentation, coordinating and leading on instructions to external counsel, reviewing legal opinions, presenting legal analysis and recommendations at the Bank's internal approval committees, execution management and post‑closing matters.
• Assessing legal risks arising in the course of derivatives and structured financing transactions.
• Advising on regulatory compliance issues that impact transactional documentation, including US, EU and UK sanctions.
• Reviewing trade confirmations and other documentation to be entered into by the Bank in relation to derivatives and structured financing transactions, including drafting and/or reviewing transactional documentation and internal approval papers.
• Reviewing and negotiating documentation with nostro banks, custodians and other service providers.
• Advising on matters relating to electronic trading platforms.
• Working closely with the Bank's Front Office and support functions (e.g. Compliance, Credit, Risk, Operations and Tax).
• Carrying out other functions performed on behalf of the Legal Department as and when required.

What you’ll need to be successful

• Legally qualified in a relevant jurisdiction (English (or common law) qualified preferred but not essential).
• Prior relevant experience in some or all of the following areas: Rates, Credit and/or Commodity linked OTC Derivatives, Exchange Traded Products, Central Clearing, Repos, Structured Notes, Loans, Debt Capital Markets, Master Agreements, Insurance Products and/or Dodd‑Frank/EMIR/MiFID2 regulations and documentation.
• Experience working at a law firm with a global practice and/or in‑house at an investment bank, with a focus on derivatives and securities financing transactions.
• Excellent drafting, analytical and communication skills.
• Ability to work independently and as part of a team.
• Understanding of legal issues relevant to emerging markets.
• Familiarity with UK investment banking regulatory landscape, including FCA rules, knowledge of banking operations and practices.

Why should you join us?

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We're headquartered in London, with operations in Shanghai, Singapore and New York.

We're a diverse and close‑knit global team. We put people first, giving talented, self‑driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vision statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.

We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

What's in it for you?

• Financial market‑based pay based on skills and experience, discretionary annual bonus, pension contribution 10% (employee contribution 5%), travel insurance, life assurance and income replacement insurance.
• Hybrid working the option to work remotely up to two days per week, depending on the role.
• Family – 6 months fully paid maternity leave and enhanced shared parental leave. Coaching for family leave returners and access to emergency care via My Family Care. Miscarriage and menopause policies.
• Well‑being – private medical insurance, Bike2Work scheme, health and fitness subsidy, holiday exchange and an Employee Assistance Programme.
• Community paid volunteering leave and Give As You Earn scheme. Vibrant CSR and engagement forums and fundraising for our charity partners.
• Development a suite of opportunities to build the skills you need to excel in your role.

Seniority level

Mid‑Senior level

Employment type

Full‑time

Job function

Legal

Industries

Investment Banking