Senior Counsel, Vice President (Global Services)
- Market Rate
- Hong Kong Hong Kong Hong Kong HK
- Permanent, Full time
- State Street
- 17 Apr 18 2018-04-17
State Street Key Responsibilities * Advise on financial services and related laws applicable to the key business areas of trust and collective investment fund services, custody and administrative services, and investment manager outsourcing, as well as corporate and governance matters. * Advise on regulatory and
- Advise on financial services and related laws applicable to the key business areas of trust and collective investment fund services, custody and administrative services, and investment manager outsourcing, as well as corporate and governance matters.
- Advise on regulatory and governance matters affecting State Street’s global services business in North Asia ex-Japan and South East Asia, although experience in all in-scope jurisdictions is not required.
- Participate in the development and on boarding of new clients, products and services and the expansion into new sectors and markets including interacting and negotiating directly with prospects, clients and regulators in country, undertaking regulatory assessments, participating in RFP responses, drafting and negotiating key service agreements with customers (e.g. trust deeds, custody, administrative services agreements, investment manager outsourcing and transfer agency agreements) and suppliers, and participating as an active member of the deal team and new products approval processes.
- Participate in legal aspects of the corporate, fiduciary and regulatory governance process locally and internationally and become a key member of the local management teams in the relevant jurisdictions (work with risk and compliance teams on regulatory compliance; participate in fiduciary risk and risk management committees; participate in the deal team approval process for the take on of new business and the approval of new products and services; submit certain regular reporting globally).
- Review and approve agreements for operational purposes including confidentiality agreements, operational agreements (pricing agreements, supply agreements) and miscellaneous agreements.
- Prepare regular activity and legal developments reports for legal department management and local governance committees.
- Conduct regular and ad hoc education seminars to employees on legal and ethical issues relating to their business unit.
- Provide miscellaneous legal advice as required over a range of issues impacting the business.
- Manage outside counsel as required.
Experience / Qualification / Key Skills / Attributes
- Solicitor with 6-9 years PQE in the financial sector, and preferably with specific recent experience supporting trustee, unit trust and/or collective investment schemes operations and global custody services. A combination of in house or external experience is desirable.
- Admission in Singapore and/or Hong Kong is desirable.
- Common law legal background is essential and a strong understanding of trust law is highly desirable.
- Ability to interact/negotiate as required directly with clients, prospects and regulators in country.
- ·Keen understanding of current market practice impacting the business lines and ability to work with the business units to come up with practical solutions within applicable legal constraints.
- ·Fluency in English (spoken and written) essential; fluency in Chinese (spoken and written) desirable.
- ·Willingness to travel occasionally to support relevant markets, although candidates unable to travel may be considered and are encouraged to apply
- ·Ability to sustain strong relationships with clients, peers and staff and interact with multiple levels in the organization.
- Ability to work independently and collaboratively and foster a team environment, including mentoring and training of more junior legal staff.
- Strong project management skills and deadline oriented, ability to prioritize and execute multiple tasks with attention to detail.
- Computer proficient.
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.