Derivatives and Securities Financing Lawyer

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, structured and securities financing, loans, physical commodities, capital markets, financial regulation and litigation.

ICBC Standard Bank Plc (ICBCS) is a leading financial markets and commodities bank, driven to deliver the right outcomes for our stakeholders, clients, counterparties and markets. We benefit from a unique Chinese and African parentage and an unrivalled global network and expertise. We're headquartered in London, with operations in Shanghai, Singapore and New York.

We're a diverse and close-knit global team. We put people first, giving talented, self-driven professionals the flexibility, rewards and freedom to grow their expertise and realise their potential.

Our vison statement, "Be Yourself, Succeed Together" underpins our drive for an open and transparent culture which values difference, enabling everyone to thrive whilst being themselves. We have an active E, D&I forum and we're growing other employee network groups, including for women and neurodiversity.

We're committed to the principle of equal opportunities. All applicants will be treated equally and will be considered on their merits and skills without discrimination.

The role involves provision of transactional and advisory legal support in relation to a wide range of the bank's businesses, including:

• derivatives and securities financing transactions, repo and reverse repo transactions, including flow trades;
• secured loan-linked hedging or structured finance hedging;
• structured securities products across a broad range of asset classes and underliers, such as FX, rates, commodities, credit-linked OTC derivatives, and FX and credit-linked notes.

The role also involves the review and negotiation of documentation for the distribution of related risks, such as participation agreements and credit insurance; and documentation with nostro banks, custodians and other service providers, and advising on matters relating to electronic trading platforms.

The lawyer will advise on the practical impact of new regulations on the Bank's derivatives and securities financing products as well as cross-border issues.

The lawyer will, with other lawyers in the transactional Legal team, work closely with Front Office and support functions to advise and support day-to-day business transactions, help structure new transactions and products, and provide advice on regulatory issues.

The ideal candidate will have excellent technical and drafting skills, as well as a good understanding of derivative products and regulations impacting derivatives businesses, with prior transactional and advisory experience in emerging markets and fixed income derivatives and an ability to apply knowledge to new transactions and products.

We're looking for the following skills and experience. If you don't have all of these but think you could be a good fit for the role, get in touch.

• Legally qualified in a relevant jurisdiction which entitles you to practise as a lawyer in the UK.
• Providing legal advisory support including the assessment of legal risks arising in the context of derivatives and securities financing transactions, the provision of structuring and documentation support for transactions linked to fixed income asset classes (including rates, credit and currencies), including cash, repo and OTC derivative products (including finance-linked hedging), and credit- and/ or FX-linked notes. There is also likely to be a component of OTC commodity derivatives.
• All aspects of transaction legal management, including the review and negotiation of transaction documentation, managing instructions of (and coordinating with) external counsel throughout, reviewing legal opinions, presenting legal analysis and recommendations at the Bank's internal approval committees (including credit committees).
• Advising on regulatory compliance issues that impact transaction documentation, including US, EU and UK sanctions.
• Reviewing, drafting and advising on trade confirmations and other transaction documentation (including ISDAs, GMRAs, GMSLAs and any associated collateral documentation).
• Reviewing and negotiating documentation with nostro banks, custodians and other service providers.
• Advising on matters relating to electronic trading platforms.
• Contributing to internal legal knowledge and the development of new product expertise within the Legal department.