Lawyer working as part of a team reporting to Head of Institutional Services, North Asia ex-Japan, supporting State Street’s institutional services business, including trust and collective investment funds services, custodial and fund accounting services, investment manager outsourcing, performance and analytics, collateral management, transfer agency and other administrative services in North Asia ex-Japan (covering Hong Kong, Korea, PRC and Taiwan), with some support required for offshore jurisdictions.
As part of a regional team of lawyers, the successful candidate may also be required to provide support to other aspects of State Street’s business in region.
The role encompasses advising senior management on legal matters affecting the continued operation and expansion of the institutional services business in North Asia ex Japan;
actively participating in onboarding new clients; assessing and developing new products, services and markets; advising on corporate and regulatory governance matters affecting trust and global custody activities;
and researching and analysing the impact of legislative developments on the business.
Advise on financial services and related laws applicable to the key business areas of trust and collective investment fund services, custody and administrative services, and investment manager outsourcing, as well as corporate and governance matters.
Advise on regulatory and governance matters affecting State Street’s global services business in North Asia ex-Japan, although experience in all in-scope jurisdictions is not required
Participate in the development of new products and services and expansion into new markets, including active participation in the new products approval process
Participate in onboarding of new clients, including interacting and negotiating directly with prospects and contributing to RFP responses and deal team as needed
Draft and negotiate key service agreements with customers and / or services providers (e.g. trust deeds, custody services agreements, administrative services agreements, transfer agency agreements etc.)
Provide reporting as needed for legal department management and local governance committees
Conduct regular and / or ad hoc educational seminars for employees on legal issues relating to the relevant business unit
Provide miscellaneous legal advice as required over a range of issues affecting the business
Participate in special projects as required
Manage outside counsel as required
Experience / Qualification / Key Skills / Attributes
Solicitor with a minimum of 4-6 years’ experience (must be PQE) specifically in the financial sector and preferably with specific recent experience supporting trustee, unit trust and / or collective investment schemes operations and global custody services.
A combination of in-house and external experience is desirable. A lesser period of PQE or legal experience in another sector may be acceptable, depending on the candidate’s other skills, qualifications and experience
Ability to interact / negotiate as required directly with clients, prospects and regulators in country
Keen understanding of current market practices applicable to unit trusts and collective investment schemes, and global custody services
Ability to work with the business units to develop practical solutions within applicable legal constraints
Fluency in English and Mandarin, and English and Chinese drafting essential
Ability to sustain strong relationships with clients, peers and staff and interact with multiple levels in the organization
Ability to work both independently and collaboratively in a team environment
Strong project management skills and deadline oriented, ability to prioritise and execute multiple tasks with attention to detail.
The above cited duties and responsibilities describe the general nature and level of work to be performed by the successful candidate.
They are not intended to be an exhaustive list of all the duties and responsibilities that an incumbent may be expected or asked to perform.