Senior Legal Counsel, Markets And Securities Services - Global Functions

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Global Legal plays an important role in protecting the Group’s reputation by helping to future-proof the organisation through robust legal risk and issue advisory. Responsible for providing comprehensive legal advice to senior management and all global businesses and functions, the team offers a diverse range of legal skills, jurisdictional experience and practice specialisms across all countries and territories in which our businesses operate.

We are currently seeking a high calibre professional to join our team as a Senior Legal Counsel, Markets and Securities Services.

Principal Responsibilities

The role-holder will be part of the legal team that provides legal advice and primarily supports to the Securities Services (SSv) business. A secondary focus of this role will also be to support the Global Markets (GM) business as and when needed.

• Provide legal support primarily in respect of SSv products and initiatives (including digital innovation, and development of digital platforms, services and products), as well as GM products
• Develop and maintain legal and contractual templates
• Liaising with external counsel when necessary and in a cost-effective manner
• Provide legal support to and collaborate with other functions and teams (such as Regulatory Compliance, Risk and Global Legal Services) that support the SSv and GM business
• Participate in and provide legal support for various local and regional projects and initiatives
• Perform Legal function’s role as the second line of defence in the Group’s risk management framework and partnering the SSv and GM business in Singapore in addressing non-legal issues and risks (such as reputational risk and conduct risk)
• Attending and presenting at various risk and fiduciary forums, steering committees, board meetings (as required)
• Liaise on a regular basis across the relevant business areas and functions and with Legal function regionally and globally (as needed)

The SSv business covers:

• Direct Custody and Clearing
• Global Custody
• Investor Services
• Real Estate Investment Trusts
• Trustee and Fiduciary Services
• Fund Services
• The GM business covers
• OTC derivatives transactions and other GM products and initiatives
• Assisting with GM documentation (such as drafting and reviewing ISDA Master Agreements, trade confirmations and product term sheets)

General responsibilities for the role:

• To be the accountable lawyer to the executives of the area on all material legal issues that the business faces
• Execute against relevant policies and procedures for the relevant area of coverage to ensure that Legal's role in the second line of defence can be executed
• Advising relevant Management on non-standard legal, and conduct and reputational risks
• Evaluating and responding to changes in legal and regulatory requirements as they arise
• Provide expert and professional legal advice, guidance and support to ensure that the legal and reputational risk of the relevant area are identified, reported and mitigated
• Identify new legal, regulatory and market developments that can affect business activities, and educate our business teams on how these developments may affect their business
• Ensure senior legal management is fully briefed on major issues arising in relevant business area and major legislative changes in area of expertise
• Maintain and develop positive and professional working relationships with business managers, stakeholders and the Global Legal function
• Recommend selection of panel law firms and other appropriate external parties

• Qualified Lawyer with at least 5 years' relevant experience (in-house and/or private practice)
• Experienced and confident practitioner
• Great sense of ownership and servicing mindset to ensure efficient and effective customer service processes
• Ability to handle a diverse range of issues, deal with new or unexpected situations and work under pressure
• Strong communication skills (both written and verbal) and strong inter-personal skills Excellent negotiation and drafting skills and will have demonstrated the ability to take initiative and apply good commercial and legal judgment
• Up-to-date knowledge of developments in own industry sector
• Lateral thinking/problem solving
• A collaborative teammate, but also a self-starter who is able to work independently with an entrepreneurial drive

You’ll achieve more when you join HSBC.
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Issued by The Hongkong and Shanghai Banking Corporation Limited.