Senior Legal Counsel, FM

Banking / Finance • Full Time • Central And Western District, Hong Kong, HK • 1d ago

JOB SUMMARY

To provide, and manage the provision of, advisory, structuring and execution legal support to all Global Markets (GM) businesses and functions in Asia, with focus on the Greater China and North Asia region (GCNA), driven by a laser focus on Legal’s and GM’s core scorecard objectives both as to product and region. Responsibilities include:

(a) advising Sales, Structuring and Trading regionally in all asset classes: including but not limited to Equities, FX, Rates, Credit & Commodities derivatives, Structured Credit (including ABS Trading) and Structured Financing, whether in OTC, security or other wrapper forms.
(b) providing support to COO, Sales and Trading with respect to global and local reform initiatives (including, but not limited to, bank resolution, margin reform, IBOR reform, China netting).
(c) providing legal support for Asia, in particular GCNA, strategic initiatives such as renminbi internationalisation, equities lending/financing.
(d) supporting and implementing applicable Group legal standards, practices, and requirements.
(e) providing input for internal governance forum, such as risk and netting forum and internal working groups on Asia, in particular GCNA, initiatives.
(f) engaging with and contribute to regional industry bodies (e.g., ISDA, ISLA, ASIFMA) on Asia, in particular GCNA, market initiatives.
(g) working in close collaboration with CCIB Legal and other Legal colleagues, as well as other functions supporting the GM businesses.
(h) supporting process ownership and escalation by Legal for Operational Risk Framework issues in the Asia, in particular GCNA, region.

Onshore or cross-border transactional experience in Asia, China and Hong Kong a key requisite. Chinese language proficiency (spoken and written) a priority and advantage.

RESPONSIBILITIES

Strategy
Execute Legal’s strategy and contributions to group ROTE:

Provide general structuring, product, regulatory and transactional legal advice.
Negotiate, complete and facilitate execution of transaction documentation.
Review, maintain and manage product and transactional templates.
Provide training on legal/documentation product and regulatory matters and legal policies and procedures.
Provide legal review and sign-off required under relevant policies and procedures.
Liaise with external counsel and with regional and client segment legal and compliance colleagues.
Provide advice on disputes and potential defaults.

Business

Assist in the identification of material legal and jurisdictional risks for the relevant businesses.
Anticipate and assesses key legal developments in the business for management consideration and help drive the development and implementation of appropriate legal framework.
Undertake continual assessment of legal and documentation risks.
Participate in the overall governance of a business.
Control, monitor and report external legal spending.

Processes

Manage documentation templates automation.
Legal knowledge management.
Assist with review of and compliance with policies and procedures.
Assist in process governance committees and operational risks committees.
Assist in management of client dispute resolution, if any.
Review and provide legal signoffs for product and country governance documents.
Consider and analyse cross border legal and regulatory risks.
Monitor and advise on regulatory reform developments in North East Asia regions including Hong Kong, China, Japan, Korea.

People & Talent

Build strong relationships with relevant business stakeholders and functions.

Risk Management

Assist in the identification of material legal and jurisdictional risks for the relevant businesses.
Anticipate and assesses key legal developments in the business for management consideration and help drive the development and implementation of appropriate legal framework.
Undertake continual assessment of legal and documentation risks.
Participate in the overall governance of a business.
Determine adequacy, validity, and enforceability of contractual documentation.

Governance

Review and provide legal signoffs for product and country governance documents.
Design, develop and approve new product documentation and country specific documentation.
Consider and analyse cross border legal and regulatory risks.

Regulatory & Business Conduct

Display exemplary conduct and live by the Group’s Values and Code of Conduct.
Take personal responsibility for embedding the highest standards of ethics, including regulatory and business conduct, across Standard Chartered Bank. This includes understanding and ensuring compliance with, in letter and spirit, all applicable laws, regulations, guidelines and the Group Code of Conduct.
Achieve the outcomes set out in the Bank’s Conduct Principles
Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.

Key Stakeholders
Financial Markets business heads, structuring, sales located or supporting the Asia/GCNA region. Other functions and legal department colleagues supporting the GM Business.

Other Responsibilities
Embed Here for good and Group’s brand and values in Legal; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures

Qualification

Approximately 5 to 10 years post-qualifying experience as a lawyer in China, Hong Kong or other commonwealth jurisdictions.
Experience in Global Markets and derivatives work a key requisite. Chinese language proficiency (spoken and written) a priority and advantage.

Role Specific Technical Competencies

Degree in Law
Experience of financial markets and products, documentation, and regulations, in particular in respect of credit derivatives, structured credit, structured products and financing
Relevant regional experience in Greater China and North Asia

What we offer
In line with our Fair Pay Charter, we offer a competitive salary and benefits to support your mental, physical, financial and social wellbeing.

Core bank funding for retirement savings, medical and life insurance, with flexible and voluntary benefits available in some locations.
Time-off including annual leave, parental/maternity (20 weeks), sabbatical (12 months maximum) and volunteering leave (3 days), along with minimum global standards for annual and public holiday, which is combined to 30 days minimum.
Flexible working options based around home and office locations, with flexible working patterns.
Proactive wellbeing support through Unmind, a market-leading digital wellbeing platform, development courses for resilience and other human skills, global Employee Assistance Programme, sick leave, mental health first-aiders and all sorts of self-help toolkits
A continuous learning culture to support your growth, with opportunities to reskill and upskill and access to physical, virtual and digital learning.
Being part of an inclusive and values driven organisation, one that embraces and celebrates our unique diversity, across our teams, business functions and geographies - everyone feels respected and can realise their full potential.

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