Legal - Senior Legal Counsel; VP - Global Markets, OTC Derivatives; FX, Rates, Equities

Senior Legal Counsel (VP) - Global Markets, OTC Derivatives (FX, Rates, Equities)

We are seeking an experienced Vice President & Senior Counsel to join our Legal team. The successful candidate will provide expert legal counsel on regulatory, transactional, and operational matters related to our OTC derivatives businesses, with a focus on FX, interest rate derivatives and equity swaps.

• Provide comprehensive legal support for the firm's OTC derivatives businesses, specializing in FX, interest rate derivatives and equity swaps
• Oversee the negotiation of ISDA Master Agreements, Credit Support Annexes, Master Confirmation Agreements and other derivatives documentation
• Advise on CFTC and SEC regulations, applicable bank regulation, Dodd-Frank compliance, and other applicable regulatory requirements for swap dealers
• Support new product development by identifying and addressing legal and regulatory considerations
• Collaborate with business, operations, and compliance teams to ensure regulatory compliance in trading activities
• Monitor regulatory developments and provide strategic advice on implementation of new regulations
• Represent the firm in industry groups and regulatory discussions
• Manage relationships with external counsel on complex matters
• Provide training to business units on relevant legal and regulatory issues

• JD degree from an accredited law school
• 5+ years of relevant legal experience in derivatives, swap dealer regulation, prime brokerage or related financial transactions
• In-depth knowledge of CFTC, SEC and bank regulations applicable to swap dealers
• Strong understanding of Dodd-Frank Title VII, EMIR, and other global derivatives regulations
• Extensive experience with ISDA documentation
• Previous experience at a financial institution, law firm with strong financial services practice, or regulatory agency
• Excellent analytical skills and attention to detail
• Strong communication and interpersonal skills
• Ability to explain complex legal concepts to non-legal colleagues

The role is located in State Street’s offices in Boston, MA or in Jersey City, NJ

• Results oriented with strong project management and execution skills
• Strong interpersonal, communication and customer service skills with ability to sustain strong relationships with clients, peers and staff
• Ability to interact with multiple levels in an organization and in multiple jurisdictions
• Keen understanding of market practice impacting the business lines in the relevant jurisdictions and ability to work with business units to achieve practical solutions within applicable regulatory and risk parameters
• Strong time management, planning and organizational skills
• Ability to work independently but also thrive in a global, dynamic and team-oriented environment
• Flexibility and an eagerness to learn
• Ability to manage workflows in the best interests both of the business needs and their growth

State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We strive to create a great work environment with competitive and comprehensive benefits. Details vary by location. We offer flexibility, development programs and educational support to help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We value diverse backgrounds, experiences and perspectives and strive for an inclusive environment where everyone can thrive. We support balanced professional and personal life, paid volunteer days, and employee networks to stay connected to what matters.

State Street is an equal opportunity and affirmative action employer.

$130,000 - $238,750 Annual

The range quoted applies to the role in the primary location specified. If the candidate would work outside of the primary location, the applicable range could differ.

Employees are eligible to participate in State Street’s comprehensive benefits program, including retirement savings plan, insurance coverage, paid time off, and other programs.

It is unlawful in Massachusetts to require or administer a lie detector test as a condition of employment or continued employment. An employer who violates this law shall be subject to penalties.

Job : R-781651