Managing Director, Head of Middle East Legal

Role

Summary:

The Head of Middle East Legal provides senior legal leadership to State Street’s custody and fund administration services offered in the Middle East region, and related entity governance and regulatory advice. State Street’s investment management business in the Middle East is separately managed and not part of this mandate. In this role you will serve as an in-house subject matter expert across global custody and related investment servicing products, the negotiation of large contractual mandates and client disputes.

You will also advise on evolving industry best practices and associated legal and regulatory standards as well as product level regulatory requirements applicable in the context of locally regulated subsidiaries and branches of a US global systemically important bank. The role is critical in effectively counseling legal and regulatory considerations and contributing balanced solutions throughout State Street’s global operations that align with its strategic priorities.

A seasoned ability to communicate with senior executives is key to successful execution of this role, as is a strong ability to collaborate across jurisdictions and departments and with other expert lawyers and professionals in the Legal Division. This role reports to the SVP Head of Investment Services EMEA Legal, and EVP Head of International Legal. State Street’s Middle East presence is in the Kingdom of Saudi Arabia, Abu Dhabi, Oman and is expanding within the region.

This role will be based in our Abu Dhabi branch in ADGM and will be expected to travel in the region and support strategic transactions and new presences in the region including regulatory permissioning.

• Counselling the executive management team in the Kingdom of Saudi Arabia and in the UAE (Abu Dhabi) on strategic decision-making and growth opportunities, including local governance and regulatory expectations and best practices
• Leading regulatory and governance counselling to country and region management, the legal entity boards, the compliance function, the company secretarial function
• Managing legal support to all client commercial contracting for State Street’s Investment Services, Alpha, CRD, Wealth and Global Delivery organizations in the Middle East, including product related regulatory considerations
• Providing advice and guidance on outsourcing, management of client disputes, internal investigations, and regulatory remediation programs
• Navigating jurisdictional differences in investment servicing legal and regulatory requirements
• Managing, developing and engaging a team of legal professionals, with a strong focus on talent development
• Ensuring timely reporting of relevant risks, developments and events to Legal Division senior leadership and local management
• Managing outside counsel and other expenses
• Liaising directly with regulatory and governmental agencies on the interpretation and application of regulations and expectations to State Street’s regional businesses, including on licensing applications
• Communicating with stakeholders (e.g., executives, industry peers and regulators) regarding investment servicing topics
• Developing relationships with peers within the financial services industry and external counsel, and representing State Street in industry forums

• Qualifications:
  
  The qualified candidate must be a recognized subject matter expert in legal issues associated with one or more of the following areas: global custody, collective investment schemes and vehicles, commercial outsourcing, or asset management
• Extensive senior-level experience, including expertise in regulatory and governance matters with demonstrated management and leadership…