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Senior Legal Counsel - Global Legal

Employer
HSBC
Location
Hong Kong, Hong Kong
Salary
Competitive
Closing date
Jul 16, 2024

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Job Function
Compliance/Regulatory
Industry Sector
Finance - General
Employment Type
Full Time
Education
Bachelors
Job description

Some careers have more impact than others.

If you're looking for a career where you can make a real impression, join HSBC and discover how valued you'll be. Whether you want a career that could take you to the top, or simply take you in an exciting new direction, HSBC offers opportunities, support and rewards that will take you further.

Global Legal plays an important role in protecting the Group's reputation by helping to future-proof the organisation through robust legal risk and issue advisory. Responsible for providing comprehensive legal advice to senior management and all global businesses and functions, the team offers a diverse range of legal skills, jurisdictional experience and practice specialisms across all countries and territories in which our businesses operate.

We are currently seeking a high calibre professional to join our team as a Senior Legal Counsel - Global Legal.

Principal Responsibilities
  • Primary responsibility is the timely, consistent and effective negotiation of Traded Markets Documentation upon request from group relationship managers and group offices offering a client friendly service to both internal and external clients to help our internal clients facilitate their business
  • Understand, follow and demonstrate compliance with all relevant internal and external rules, regulations and procedures that apply to the relevant conduct of business
  • Work closely with the onboarding functions, and in particular with the Client Management Group to ensure that the client service offering across Banking Middle Office is unified and seamless
  • Liaise with RMs, Trading, Sales, Legal, Credit, Operations, Tax and other internal clients and stakeholders to ensure that the appropriate terms are included in all agreements to ensure the effective protection of the Bank in line with Group policies and procedures
  • Adhere to performance standards with respect to turnaround times and escalation/abandonment guidelines agreed with business partners
  • Comply with Audit, Compliance, Legal and Risk Management requirements (including Treasury Documentation Policy)
  • Provide guidance and advice relating to traded products master agreement documentation (including for mandatory margin rules) to internal clients where required
  • Oversee the creation and maintenance of appropriate records, databases/systems and filing systems (including the Central Documentation Database, excel spreadsheets, etc.). Ensuring that documentation information is accurately recorded on appropriate systems and all management reports are produced in a timely fashion
Requirements
  • Legal background (qualified lawyer or law degree) with strong prior experience in advising on (a) Equity PB and FX PB arrangements, (b) Bilateral and Cleared (OTC/ETD) Derivatives, and also preferably on (c) a wide range of Securities Financing structures
  • Strong knowledge of key concepts / terms in relation to (a) Prime Brokerage documentation and a good grasp of industry standard documentation for equity derivatives generally, and (b) Exchange Traded Derivatives - including CCP related matters - and OTC Client Clearing services
  • Minimum 5 years' hands-on experience in advising on and drafting bespoke derivatives and/or securities financing documentation
  • Prior experience in a similar role
  • Strong English language skills, and Chinese (Mandarin) skills preferred
You'll achieve more when you join HSBC.
www.hsbc.com/careers

HSBC is committed to building a culture where all employees are valued, respected and opinions count. We take pride in providing a workplace that fosters continuous professional development, flexible working and opportunities to grow within an inclusive and diverse environment. Personal data held by the Bank relating to employment applications will be used in accordance with our Privacy Statement, which is available on our website.

Issued by The Hongkong and Shanghai Banking Corporation Limited.

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