Senior Legal Counsel

BNP Paribas

  • Sydney, NSW
  • Permanent
  • Full-time
  • 1 month ago
Description of the Department

As part of the BNP Paribas Australia Legal Department, the BPSS legal team comprises technical experts providing specialised in-house advisory services to the Securities Services business. The lawyers in the team work closely with the heads of business and partner with the various leadership teams providing technical legal advice, support and control including in relation to contract drafting and negotiation, product development and approval, corporate governance, legal policy development and implementation and key legal risk management.

Summary of the Role

Job Overview:

Reporting lines: The Senior Legal Counsel’s direct reporting line is to Head of Legal BPSS, Australia & New Zealand.

Location Coverage: This position is to service the legal needs of the BPSS business in Australia and New Zealand.

General Requirements: This role requires the Senior Legal Counsel to possess maturity, operational and commercial judgement and experience with demonstrated relationship management ability and excellent interpersonal skills. The Senior Legal Counsel will also need to communicate effectively to influence and affect change in behaviour and process and have the strength to maintain independence of views in all circumstances.

The Senior Legal Counsel will need to demonstrate applied knowledge of principles and practices of financial services law in Australia and New Zealand, strength in broad banking and securities law and product knowledge of custody, clearing, settlement, and managed fund operations would be very beneficial. Previous legal experience with another custodian would be viewed favourably. The Senior Legal Counsel will have proven and effective analytical skills always seeking accuracy and quality in results.

Key Responsibilities

Responsibilities: The responsibilities of this role include but are not limited to:

Taking an active part in the negotiation and establishment of agreements for new clients or new deals with existing clients. This may take the form of supporting sales and relationship managers in their commercial negotiations, or directly engaging with client’s legal advisors to resolve technical issues.

Negotiating market documentation required to support the Market and Financing activities.

Providing legal and regulatory advice to the business on new products and services and proactively anticipating legal issues and identifying future legal requirements.

Reviewing, negotiating and drafting agreements (including amendments) with sub-custodians and other service providers, including IT vendors.

Drafting legal disclaimers, reviewing incident reports and providing legal advice in respect of claims.

Developing and maintaining standard legal documentation for all products and services offered in Australia and New Zealand taking into account local requirements and global standards.

Keeping up to date with the regulatory and legal environment in Australia and New Zealand and applying required changes to BNP Paribas Securities Services framework including standard documentation.

Engaging and managing relationships with local external legal advisors on the panel.

Providing reporting to Head of Legal BPSS AU & NZ, local BNP Paribas Securities Services Committees, and local management as and when required.

Qualifications

Qualifications & Experience required for the role:

The successful candidate should have approximately 10 years legal experience in the financial services sector from a top tier law firm or alternatively from another custodian bank – previous legal experience with Australian and New Zealand banking and securities law is required with a preference for Custody and Clearing experience. The candidate will be required to operate independently and to apply judgement and knowledge to various situations, including regulation evaluation and oversight of any subsequent implementation. Experience in project management and stakeholder management would be beneficial.

The candidate will have legal technical knowledge and qualifications and will have awareness in industry and organisational standards and possess the ability to apply this knowledge in supporting the BNP Paribas legal framework.

With demonstrated commitment to ongoing professional and technical development, the candidate should be committed to staying a step ahead of their business line managers – and as such possess the ability to anticipate and identify areas of focus or concern with regards to key risk and legal management.
  • Degree qualified in Law
  • Current practicing certificate
  • Post graduate qualifications in law beneficial
Technical Skills required for the role:

Sound knowledge of principles and practices of legal requirements in financial services in Australia and New Zealand

Preferred experience in Custody and Clearing

Up to date knowledge of regulatory requirements, as well as industry association initiatives in Australia and New Zealand

Knowledge in financial services, financial markets and products – and their activity drivers. Specific knowledge of custody, clearing, settlement, operations and fund administration products and services would be highly beneficial.

Knowledge of the law pertaining to managed investment schemes and superannuation funds would be beneficial.

Core Competencies required for the role:

Technical/professional knowledge - Demonstrates a satisfactory level of technical and professional skills/knowledge in job related areas. Keeps abreast of current developments and trends in area of expertise

Planning & Execution - Establishes courses of action for self and others to ensure work is completed efficiently. Effectively manages own time and resources to meet deadlines and quality standards.

Team Orientation - Works with the team and the broader organisation towards shared goals and treats all colleagues and clients as partners. Executes effective escalation within the legal team.

Collaborative approach - Supports and shows respect for others. Works effectively with individuals, teams and clients.

Impact & influence - Creates a positive and professional impact on others. Uses effective engagement strategies with internal and external stakeholders . Exhibits persuasive representation of team and business objectives.

Individual Leadership - Uses an appropriate interpersonal style to inspire and guide colleagues towards goal achievement. Adjusts behaviour to accommodate tasks, situations and individuals.

Responsiveness - Adapts when facing new or unforeseen situations. Delivers required services on time.

Resilience - Continues to work effectively and pursue goals when faced with obstacles, periods of change and uncertainty, or resistance from others. Maintains effectiveness in uncertain or ambiguous situations.

BNP Paribas

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