Derivatives and Securities Financing Lawyer

Derivatives and Securities Financing Lawyer

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Derivatives and Securities Financing Lawyer

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 underlie rs 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.

The Legal Department provides legal advisory and transactional support to all divisions of ICBC Standard Bank Plc. The Bank's lawyers provide support to all of the Bank's business divisions, in particular, the Global Markets trading floor (and cover a wide range of legal specialisms and expertise, including derivatives, securities financing, loans, physical commodities, capital markets, financial regulation and litigation).

• 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…