Equities Legal Solicitor – Securities Lending and Asset Optimisation Group

Job Description: Job Title:   Equities Legal Solicitor – Securities Lending and Asset Optimisation Group Corporate Title:  Vice President, Assistant General Counsel up to Director, Assistant General Counsel. Location:   London Role Description: Providing advisory support to the Equities Synthetics and Securities Lending (“ESSL”) desks with an emphasis on securities financing transactions. Providing legal advice on development of new products and structures. Review and negotiation of third party security arrangements, term margin agreements and other bespoke documentation. Creation and maintenance of product templates, guidelines and legal documentation summaries Involvement with related due diligence projects and other reviews, including those related to compliance with existing and forthcoming legislation and regulations, for e.g. CSDR, SFTR, UMR, MiFID II. Liaising with external counsel in the development of new products and regulatory compliance. Providing legal support in response to escalations received from the Agreements & Documentation and Confirmations groups relating to the negotiation of securities lending and equity financing documentation. Close engagement with Business and other key stakeholders (Compliance, Tax, Risk, Credit). Working closely with peers in offshore regional legal teams. The Team: EMEA Equities Legal is a team of 31 lawyers led by Mark Skinner, with 30 FTE located in London and 1 FTE in Paris.  Prime Services Legal is a sub-set of this team currently comprised of 8 lawyers, including Vanessa Sharp (MD), 2 Directors, 4 VPs and this outstanding vacancy.  The Prime Services Legal team is a highly collaborative team with a strong working relationship. The team works closely with the Prime Brokerage, Securities Lending and swaps businesses, as their trusted advisors who work in partnership with the line of business in furtherance of achieving its goals. Cumulatively the team has a vast amount of experience and are well placed to provide ongoing support and training, with senior members actively identifying development opportunities for more junior team members. More broadly, the Global Markets Legal team have an internal mentoring program, connecting senior leaders across the legal department with teammates across all regions.  In addition, the Global Markets Legal team have an external mentoring program with its key magic circle law firms, helping to develop and support diverse lawyers and in furtherance of a creating a legal profession which represents the  diversity of our communities. Key skills: Qualified Solicitor Experience of investment banking (preferably markets/ clearing businesses) either through private practice advisory work/secondment or in-house legal department Thorough understanding of securities lending (including Agency Lending arrangements)  and collateral arrangements. Advisory and drafting experience in equity swaps and supporting a central funding desk would also be an advantage. Familiarity with the GMSLA, ISDA, CSA and Swap Master Confirmation. Understanding of predominate regulations affecting securities financing transactions. Familiarity with the netting and collateral enforceability requirements for regulatory capital purposes. Experience of legal advisory work with particular attention to regulations applicable to equity financing transactions Transactional and deal experience, including the effective instruction of external counsel. Excellent attention to detail and accuracy of work Proactive and able to manage competing priorities/tight deadlines Bank of America: Every day, across the globe, our employees bring a commitment to our purpose and to driving responsible growth by living our values: deliver together, act responsibly, realize the power of our people and trust the team. A key aspect of driving responsible growth is doing so in a sustainable manner, a critical pillar of which is being a great place to work for our teammates. In line with these values, in EMEA we have 9 Employee Networks, a wide range of Sports & Social clubs, and other development and networking opportunities so that you can enjoy a range of experiences and connect with colleagues across the bank. We also offer exclusive discounts to some of the most iconic cultural experiences for you to enjoy in your spare time outside of work. Learn more about our benefits here. Good conduct and sound judgment is crucial to our long term success. It’s important that all employees in the organisation understand the expected standards of conduct and how we manage conduct risk. Individual accountability and an ownership mind-set are the cornerstones of our Code of Conduct and are at the heart of managing risk well. We are an equal opportunities employer, and ensure that no applicant is subject to less favourable treatment on the grounds of gender, gender identity, marital status, race, colour, nationality, ethnic or national origins, age, sexual orientation, socio-economic background, responsibilities for dependants, physical or mental disability. The Bank selects candidates for interview based on their skills, qualifications and experience. We strive to ensure that our recruitment processes are accessible for all candidates and encourage any candidates to tell us about any adjustment requirements. As part of our standard hiring process to manage risk, please note background screening checks will be conducted on all hires before commencing employment. This employer is a corporate member of myGwork - LGBTQ+ professionals, the business community for LGBTQ+ professionals, students, inclusive employers & anyone who believes in workplace equality.

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Posted 2 weeks ago

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