Legal Negotiator Legal Negotiator …

Standard Chartered Bank
in New York, NY
Permanent, Full time
Be the first to apply
Standard Chartered Bank
in New York, NY
Permanent, Full time
Be the first to apply
Standard Chartered Bank
Legal Negotiator
About Standard Chartered
We are a leading international bank focused on helping people and companies prosper across Asia, Africa and the Middle East.

To us, good performance is about much more than turning a profit. It's about showing how you embody our valued behaviours - do the right thing, better together and never settle - as well as our brand promise, Here for good.

We're committed to promoting equality in the workplace and creating an inclusive and flexible culture - one where everyone can realise their full potential and make a positive contribution to our organisation. This in turn helps us to provide better support to our broad client base.

The Role Responsibilities

  • Member of the Financial Markets Contracts team located in the Americas (includes LatAm) to ensure that whatever documentation is required to support the global trading activities of SCB is obtained, executed and updated in order to promote the smooth running of the business.
  • Attend meetings on behalf of the department.
  • Attend meetings and working groups on behalf of the Bank.
  • Ensure implementation of and adherence to the Bank's documentation policies.
  • Assist in coordination of staff training.
  • To coordinate the documentation of SCB's collateral policies and methods. To ensure that the Bank aligns its processes in these activities in order to gain maximum legal and regulatory benefits and minimise exposure to risk. In the medium term this will include achieving maximum coverage of the Bank's major OTC Derivative counterparties.
  • To manage repapering requirement projects triggered by the implementation of regulatory reforms.
  • Member of the Americas documentation function, which also covers LatAm.
  • Handle complex negotiations.
  • Member of the Financial Markets Contracts team to ensure quality service standards to both internal and external customers and to maintain consistency of approach.
  • Review, streamline and re-engineer reporting processes to achieve maximum efficiency at minimal costs.
  • Work closely with front office and other internal stakeholders (e.g., Credit, Tax, Legal) to put in place a platform for efficient and sound documentation for Financial Markets.
  • Reinforce Bank culture by collaborating with Credit/Compliance/CB and other appropriate areas to manage and deal with issues effectively.
  • Oversee control functions in order to confirm that procedure has been correctly followed.
  • Ensure that Department Operating Instructions and User's Guides are maintained and updated, including the continuous review of the policies and procedures for FMC in order to establish the most streamlined process possible.
  • Address any queries both internal and external in nature.
  • Liaise with other business partners in order to maintain a priority list and address any issues outside of the department which could impact the negotiation process.
  • Monitor control and audit requirements and ensure they are adhered to.
  • Provide training and guidance, where necessary, for FMC's business partners.
  • Consistency of approach to documentation for the Bank.
  • Maintenance of global standards for Financial Markets documentation.
  • Legal risk mitigation.
  • Capital adequacy efficiencies.
  • Efficiencies of cost achieved as compared to outsourcing the function.
People and Talent
  • Lead through example and build the appropriate culture and values. Maintain appropriate tone and meet expectations from the team and work in collaboration with risk and control partners.
  • Participate in ongoing training and development, and make sure to remain suitably skilled and qualified for the role under effective supervision to mitigate any risks.
  • Collaborate with internal and external stakeholders.
  • Comply with the job description and objectives and take feedback into consideration in regard to responsibilities and objectives.
Risk Management
  • Responsibilities relating to identifying, assessing, monitoring, controlling and mitigating risks to the Group, as well as an awareness and understanding of the main risks facing the Group and the own role in managing them. The ability to interpret the Group's performance information, identify key issues based on this information and follow appropriate controls and measures.
  • Responsible for contributing to the effectiveness of the Group's arrangements to deliver effective governance, oversight and controls in the business and, if necessary, oversee changes in these areas; Awareness and understanding of the regulatory framework, in which the Group operates, and the regulatory requirements and expectations relevant to the role.
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.
  • Support FMC New York in achieving the outcomes set out in the Bank's Conduct Principles, including Fair Outcomes for Clients; Effective Financial Markets; Financial Crime Compliance; The Right Environment.
  • Effectively and collaboratively identify, escalate, mitigate and resolve risk, conduct and compliance matters.
Key Stakeholders
  • Business Line
  • Legal & Compliance
  • Credit/Traded Credit Risk Management
  • Tax
  • Credit Documentation Unit
  • Collateral Management
  • Operations
  • Markets Operations Documentation
  • CRC Operations
  • Regulatory Reform
  • Legal Counsel
  • The Bank's clients
  • Professional and Regulatory bodies
Other Responsibilities

Support the Group's brand and values in the U.S. and, to the extent possible, globally; Perform other responsibilities assigned under Group, Country, Business or Functional policies and procedures, such as contributing to:
  • Consistency of approach to documentation for the Bank.
  • Maintenance of global standards for the Bank documentation.
  • Legal risk mitigation.
  • Capital adequacy efficiencies.

Our Ideal Candidate
  • Knowledge of the Bank's policies and procedures in relation to Financial Markets documentation.
  • Thorough understanding of the ISDA documentation framework.
  • Understanding of other documentation relating to developing businesses in the Bank, e.g., GMRA, GMSLA, LME, Collateral Control Agreements, etc.
  • Familiarity with other departments' roles and relationships within the banking organisation.
  • Understanding of the diverse SCB culture given the global nature of the products and customer base.
  • The ability to handle pressure and conflicting priorities.
  • Knowledge of all relevant regulatory developments.
  • Ability to apply the Bank's policy, combined with market experience to determine certain amendments to the Bank's documentation.
  • Be able to understand the complexity of clients' organisational structure and location and how it may affect the documentation.
  • Act as resource to more junior staff on matters of complexity.

Apply now to join the Bank for those with big career ambitions.

To view information on our benefits including our flexible working please visit our career pages . We welcome conversations on flexible working.
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