The Prime Brokerage business provides a wide range of client services; including custody, clearing and settlement and financing solutions for clients. The Prime Brokerage business, as well as other parts of the Firm receive and provide funding in the form of securities financing transactions (e.g., repo, securities lending). These businesses require legal advice on the specific structure of these services, transactions and financing arrangements; legal expertise with respect to the use of various market infrastructure; work on legal questions related to a range of trading documentation; work on the legal aspects of new product development; implementation of strategic and regulatory change; and advice on all aspects of legal and reputational risk. The Prime & SFT Legal team work with a broad range of stakeholders, including the Prime business, multiple trading desks, Compliance, Risk, Controllers, and Operations.

RESPONSIBILITIES

• Advising on all aspects of Prime Brokerage services; including bespoke margining and financing arrangements, custody, clearing and settlement.
• Legal advice with respect to the use of and arrangements with execution, clearing and custody / settlement market infrastructure; such as CCPs, trading venues, custodians, central securities depositories, intermediate brokers.
• Giving strategic advice to Prime leadership on a range of reputational and regulatory issues; in particular advising internal Business, Funding, and Risk groups on potential regulatory change and broader financial industry developments.
• Advising on structuring and documentation of cash and securities lending as well as related security arrangements.
• Assisting with the negotiation and drafting of transactional documents, including coordination with internal negotiation teams and management of external counsel.
• Advising on the implementation of and ongoing compliance with key relevant regulations and associated obligations.

SKILLS, EXPERIENCE AND QUALIFICATIONS

• 5+ years of legal experience post law school.
• Ability to apply legal concepts to complex prime brokerage and trading scenarios and explain them in an understandable way.
• Excellent communication skills, both oral and written.
• Dynamic approach, with an intellectual curiosity that will enable you to develop within the role and effectively identify legal issues and/or risk.
• Team oriented, with the ability to work within a collegiate environment with multiple stakeholders across different locations.
• Ability to prioritize work effectively, be pro-active in a challenging business environment and to respond to client demands in a timely manner.