Responsibilities:
- Day-to-day legal analysis and advice in relation to
- OTC equity derivatives
- Prime brokerage/finance (including OTC swaps and securities lending)
- structured equity financing transactions
- custody and client asset/money regulations
- Advising on document negotiations relating to our OTC Equity Derivatives and Prime Brokerage/Finance platforms
- Advising and guiding our documentation teams and negotiators together with Trading, Sales, and Risk
- Taking the lead on negotiations of margin lock-up agreements
- Developing and managing templates forjurisdiction-specificterms for market access products (eg India ODIs, China QFII, Taiwan FINI-related terms) and new transaction types (eg custom baskets, accumulators, autocallables, and reverse convertible variations)
- From time to time, assisting with the negotiation of documentation relating to structured equity financing transactions
- Evaluating and advising on the impact of regulatory and licensing issues/developments on OTC derivatives and prime brokerage/finance services
- Evaluating and advising on various new proposals, projects and initiatives
- Representing Bank of America on relevant industry working groups
- Reviewing and remediating existing documents and templates in connection with regulatory reform projects
- Engaging and managing external counsel in various jurisdictions to obtain quality advice concerning a range of regulatory issues (including licensing issues)
- Fielding enquiries arising from various Equities sales & trading desks
- Working with other members of the Equities Legal team and other legal teams in Asia Pacific, EMEA and the US
- Assisting with broader Legal department projects, as required
- Working with Compliance, Operations, Risk and other departments to ensure proper risk management, governance and control of business units
Required Skills:
- Junior to mid-level lawyer admitted to practice in Hong Kong (or in another common law jurisdiction) with at least 4+ years PQE
- Experience of investment banking (preferably markets businesses) in an in-house legal department or through private practice advisory work
- Experience of legal advisory work on OTC equity derivatives products (eg options, accumulators transactions, autocallables, and volatility options/swaps) and associated documentation
- Broader experience of legal advisory work on prime brokerage/finance (including OTC swaps and securities lending) documentation is an advantage
- Ability to work rapidly and effectively under time pressure
- Ability to communicate effectively by being clear and concise in oral and written communications, and to ask questions when unsure
- Strong interpersonal and social skills with team-work oriented mindset is a must as you will work along side other lawyers on the team to deliver timely advise and guidance to the various business groups.
- Strong attention to detail
- Ability to think critically and flexibly, and proactively suggest solutions to achieve the relevant business goals
- Excellent research and legal writing skills
- Willingness to work as a member of a local, regional and global team and strong curiosity in developments/changes in financial practice and environment