This international asset manager and trading bank is looking to recruit a Fixed Income Legal and Compliance Counsel to offer compliance and legal support to their main capital market trading teams. This senior role can be based out of their Zurich, London or their Luxembourg trading units.
As Fixed Income Legal and Compliance Counsel you will provide legal and compliance expertise to support a dynamic capital market trading operation
. The bank covers a wide spectrum of instruments that it trades with and on behalf of other financial institutions and high net worth sophisticated investors. The Fixed Income Legal and Compliance Counsels covers asset backed securities, corporate and government bonds and other varied structured products across the capital markets . Note this excludes all types of derivatives and swaps.
This is a senior legal and compliance role, in effect acting as a supervisor, that will necessitate regular interaction with the banks senior management team and the management of the key trading teams at a global level. It is envisaged this role will lead towards a leading management position in the banks compliance business unit as the organization expands.
In essence the Fixed Income Legal and Compliance Counsel position comprises two main elements. These are supporting the trading operation from a compliance and legal standpoint ensuring legality, acting as a adviser and supervising compliance activity on the trading desks.
Secondly it will also involve managing the legal paperwork i.e. The documentation review, writing the documentation - even to the level of drafting the instrument
in the case of when the banks creates for example its own bonds or debt contract and managing the client through the due diligence and paperwork process.
Here is a detailed breakdown of the Fixed Income Legal and Compliance Counsel's responsibilities within the bank:
1. Create and review documentation used for the creation of new instruments â particularly corporate bonds and loan agreements.
2. You will have to support and create a wide variety of trade contracts and agreements. These will include deal sheets, master confirmations relating to bond and commodity trades, structured loan contracts, project finance agreements and trade finance contracts. You can expect to have to undertake trading documentation drafting and indeed, elements of negotiation, on a regular basis.
3. Ensure the banks compliance policies and processes reflect the current regulatory framework and are designed to take into account potential future legislation across the main trading jurisdictions of the bank.
4. Educate, monitor and mentor the trading operation on major compliance issues, their obligations and how to handle them.
5. Offer comprehensive trade monitoring pre-trade, during the trade and post trade. Ensure all advice offered is event driven and be available to handle any event driven situations arising from the banks trading activity.
6. Internally create strong, trusting relationships with the trading desks, the back office staff, your colleagues in compliance and legal and other operations departments.
7. Build external relationships with regulators and exchange staff. Ones that foster two way information exchanges and an atmosphere that looks to solve issues before they arise rather than recriminate after they have happened. Be available to handle exchange queries, client audits and requests for information for regulators.
8. Provide a compliance advisory consultancy service covering customer marketing, trade execution and cross border trading issues to the bank. Be able to comment on it at a individual case level should that be required.
9. Make sure all staff maintain the banks Chinese walls and client confidentiality agreements at all times.
10. Review all new trades from a regulatory impact and legality aspects. Understand and communicate their impact and any implications to the Trading director.
11. Advise the bank upon the correct classification of new clients and their desired trades.
12. Prepare and review legal documentation both internally and with clients. On occasion you may find yourself undertaking due diligence visits and regulatory meetings with the customer.
The bank has a clear idea what it is looking for in its new Fixed Income Legal and Compliance Counsel, which is:
1. At least five years previous experience as a counsel or lawyer working handling none contentious matters such as contract negotiation and the drafting of bonds and other instruments. That experience will have been gained at another investment bank asset manager, fund organization or brokerage house in a multi jurisdiction / international trading environment.
2. Hold a law degree from a leading university and professional experience in banking / investment law in a major trading jurisdiction. If the candidate is a member of the bar, or has been, in major capital market trading jurisdiction that would be even better.
3. Well versed in the drafting, creation, negotiation and execution of trade agreements and actual instruments.
Obviously with such a rigorous ideal candidate profile, the bank is not expecting many applications and is willing to wait until the right individual becomes available. If you think that is you, rest assured the bank will ensure you experience a major uplift in your monetary take home and will also offer the chance to be part of their big plans they have for the capital markets operation.
Bottom line, you will not regret making this move and experience the upside of success in many ways. To apply click above.