What are the responsibilities and job description for the Legal Counsel position at Lloyds Banking Group?
Overview
Lloyds Overview:
Lloyds Bank Corporate Markets, plc (“LBCM”) forms an integral part of Lloyds Banking Group, a UK-focused retail and commercial bank with more than 30 million customers globally. We have been operating in North America for over 100 years, providing a client-focused approach for global businesses with strong links to the UK. Our New York operations provides a gateway between the UK and North America for financial institutions and large corporate clients, offering core banking products such as lending, trade finance and a variety of debt capital and financial markets services through our US broker dealer, Lloyds Securities Inc.
Lloyds is committed to attracting, retaining and developing the best talent in the industry and embracing the diversity of our people. We offer our colleagues ongoing training, development, mentoring and networking opportunities, as well as competitive benefits and vacation leave. We are dedicated to working with our community and offer a range of volunteering and fundraising activities throughout the year.
Diversity and inclusion are a part of Lloyds. We strive to create a culture where every individual feels included, and empowered to be their best. Providing equal employment opportunities to all applicants and employees without regard to race, color, religion, creed, gender, gender identity or expression, age, national origin or ancestry, citizenship, disability, sexual orientation, marital status, pregnancy, veteran status, membership in the uniformed services, genetic information, or any other basis protected by applicable law.
Lloyds values diversity in all backgrounds and experiences and wants their employees to bring their “whole self” to work!
Reasonable Accommodations for Qualified Individuals with Disabilities During the Application Process
Lloyds North America is committed to providing reasonable accommodations for qualified individuals with disabilities in our job application process. If you have a disability and require a reasonable accommodation in order to participate in the application process, please contact our Human Resources Dept at: NRHR@lbusa.com
Role Overview:
The Legal Counsel will be a member of LBCM’s North America and wider LBCM Legal team, and report to the Chief Legal Officer, North America. The Legal Counsel will hold responsibility for all aspects of legal support and advice in relation to a broad suite of trading documentation including ISDAs, CSAs, GMRAs, GMSLAs and CDEAs in support of the Financial Markets business in the United States with a focus on institutional investors. This opportunity will require the provision of specialist and insightful legal, transaction and regulatory advice and support on all matters relating to Financial Markets matters, including engagement with other internal legal teams and leading any critical issues. There will be close working and informal supervisory connections from the markets legal team in the UK.
In addition, it will be vital to provide ad hoc support to other business areas in both the US and UK where there is strategic alignment with the business as well as on other legal matters falling within the remit of the LBCM North America Legal team. Any candidate will need to demonstrate a passion for growing their understanding of other products and areas of legal-focused support.
Responsibilities
Responsibilities:
Key Tasks and Responsibilities of the role include, but are not limited to:
The position would support the Group’s activities in the U.S., which are carried out by LBCM plc, which is licensed by the NY Department of Financial Services and requires expertise gained from premier experience at a major law firm and/or bank.
The right candidate will be required to act as a source of professional expertise and be a subject matter expert regarding the negotiation of derivative and repo master agreements directly with institutional and corporate clients and provide legal advice and guidance to the business regarding derivatives, foreign exchange, secondary securities products and associated regulations.
Crucial to the role will be ensuring all documentation completed and advice given meets the Bank's policy, risk and regulatory requirements and handling external advisers for the best value and service provision.
The role offers varied opportunities for an attorney to improve their specialist knowledge while building skills across a broad range of areas.
Qualifications
Education and experience required:
- Top academic credentials
- Excellent written and oral communication skills
- New York bar admission
Key skills and knowledge required:
- Strong analytical ability and attention to detail
- High integrity—always does the right thing and sets the right tone
- Highly motivated, energetic and enthusiastic
- Desire to work in a high-paced environment
- The ability to prioritize conflicting demands
- Cuts through complexity—flexible and innovative in delivering solutions to clients
- Able to build enduring and trusted relationships with internal and external clients, locally and in UK headquarters
- Reliable; takes ownership of work without the need for extensive supervision
- Validated interpersonal skills
- Thrives working in teams
- Strong advocacy skills
Salary Range: $225,000 - $275,000
Salary : $225,000 - $275,000
