Derivatives Lawyer

Location:Greater London
Job Type:Full Time
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Schroders’ Group Legal Department has a vacancy for an in-house lawyer.

The focus of the role would be various forms of derivatives work.

Overview of role

Provide full legal support to Schroders’ derivatives activities.

  • Supporting Schroders, in London and Luxembourg, Asia-Pacific and the Americas, in the increasing use of derivative instruments, advising on the legal implications and dealing with all legal documentation requirements; keeping track of the work done.
  • Drafting, reviewing, negotiating and completing Schroders’ OTC derivatives documentation (ISDA, VM CSA, Accession and Amendment Agreements).
  • Drafting, reviewing, negotiating and completing other market counterparty documentation (GMRA, FX trading agreements, clearing agreements, prime brokerage agreements, business terms of market counterparties, confidentiality agreements).
  • Analysing and advising on new derivatives products in which Schroders is considering to invest on behalf of its clients.
  • Using efficiently outside counsel and other in-house legal resources. Obtaining focused advice where appropriate.
  • Liaising clearly and openly with line manager and with all departments/areas using derivatives.

Essential Skills

  • University degree or equivalent; newly qualified lawyer or experienced paralegal
  • Strong team player
  • Good communication skills
  • Demonstrated experience as a newly qualified lawyer or paralegal in private practice and/or in-house in a financial services firm (ideally investment management), in each case with an in-depth knowledge of derivatives work.
  • Exposure to wide range of ISDA documentation, GMRA and FX trading agreements.
  • Experience of both UK and Luxembourg fund range types: both UCITS and AIFs in each case.
  • Good drafting and written communication skills.
  • Able to develop and demonstrate strong working relationships with other members of the firm, including (but not limited to) fund managers, client directors, compliance, operations, credit / risk and product control; and with counterparty lawyers, credit, operational and front office staff.
  • Ability to work under pressure

Required Skills

  • Ability to understand and manage legal risk in a rigorous but practical way
  • Strong negotiating skills
  • Delivering results within expected timeframe
  • Demonstrates a passion for excellence and exceeding client expectation
  • Adaptability, flexibility
  • Develops effective relationships with internal clients and gains their trust and respect

Technical Requirements:

  • ISDA and other master agreement knowledge as described above
  • Strong derivatives experience gained ideally both in-house and in a law firm
  • Good awareness of the current regulatory landscape as applicable to derivatives products: Dodd-Frank, EMIR, FCA, CSSF, ESMA publications etc.
  • Technical experience in contract law in a financial services environment
  • Understanding of investment management products and issues
  • MS Office Products: Excel, Word