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Legal Executive, Prime Services & Solutions, Derivatives LEGAL - Analyst

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BNP Paribas

17d ago

  • Job
    Full-time
    Entry, Junior & Mid Level
  • Legal
  • Glasgow

AI generated summary

  • You should be a non-qualified lawyer or paralegal eager to learn about PS&S, with attention to detail, good communication skills, and proficiency in Microsoft Office.
  • You will support Securities Lending and FXPB businesses by drafting agreements, conducting research, managing tasks, and collaborating with senior team members to ensure legal compliance and efficiency.

Requirements

  • Non-qualified lawyer or paralegal showing an interest in and willingness to learn more about matters relating to PS&S such as securities lending, FXPB, trading documentation and risk mitigation.
  • Typically requires a university degree within a relevant subject as an indicator of an ability to understand and apply complex regulatory theoretical concepts, although this is not essential. May have progressed into the role via equivalent relevant experience.
  • A developing knowledge of the Bank, the industry, and its products / services.
  • A strong personal focus on accuracy and attention to detail and able to prioritise workload based on shifting business needs.
  • Good written and oral language skills.
  • Capable of working both autonomously (with senior support as required) as well as part of a cross-disciplinary team.
  • Skilled in the use of a range of standard computer software, e.g. Microsoft Office, email.

Responsibilities

  • Non-qualified lawyer or paralegal accountable for providing routine support within PS&S in relation to the Securities Lending and Repo business as well as cross coverage for the Foreign Exchange Prime Brokerage (“FXPB”) business within the PS&S GBL which may include limited communication with relevant business lines and associated stakeholders as well as assisting with the drafting, negotiating and maintenance of English law securities lending agreements (including custody and collateral management agreements) and FXPB agreements.
  • Conducts research in order to assist more senior members of the PS&S team with the provision of advice, including in relation to applicable regulation such as SFTR or MIFID, and dealing with queries from other stakeholders within the Bank, under supervision of more senior lawyers within the PS&S team as appropriate.
  • Keeps up to date with relevant legal and regulatory rules and procedures, and the internal policies of the Bank and correctly applies that knowledge in order to assist more senior members of the PS&S team in determining an appropriate course of action based on those guidelines.
  • Responsible for delivery of output on their specifically assigned tasks, working to appropriate timelines, ensuring sufficient attention to detail and service quality.
  • Uses best practices and experience to assist more senior members of the PS&S team in identifying potential process improvements to ensure efficiency and effectiveness of the support provided personally and by the PS&S team, particularly in relation to legal risk management.
  • Works under own initiative but with readily available supervision and guidance to prioritise their workload and achieve their personal development and growth objectives within agreed timescales.
  • Collaborates with more senior professionals within the PS&S team on more complex tasks, such as initial review of client comments to BNPP documentation, initial risk assessment for agreement duplication and helps conduct research on projects as directed.
  • Liaise with DPD and master agreements teams regarding template review, policy and process matters related to the above.
  • Builds internal working relationships with colleagues and more senior team members within PS&S to increase their knowledge of the PS&S Legal team and its role in helping to support and drive business performance.

FAQs

What is the primary focus of the Legal Executive in the PS&S team?

The primary focus of the Legal Executive in the PS&S team is to provide specialist legal and regulatory advice to the business in relation to prime services, derivatives clearing, and financial collateral transformation, while effectively identifying and managing legal risk.

What qualifications are required for this role?

The role typically requires a university degree in a relevant subject, indicating the ability to understand and apply complex regulatory concepts. However, equivalent relevant experience may also be considered.

Is prior legal experience needed for this position?

No prior legal experience is necessary; the position is suitable for non-qualified lawyers or paralegals showing interest in PS&S matters such as securities lending and FXPB.

Will I be working independently or in a team?

You will be capable of working both autonomously, with senior support as required, and as part of a cross-disciplinary team.

What are the career development opportunities?

The company provides comprehensive training, talent programmes, mentoring, and in-house career tools to support personal development and internal career progression.

What is the work-life balance policy?

BNP Paribas aims for an optimal work-life balance, which includes hybrid working options, flexible working, and agile work practices depending on the role.

How does BNP Paribas support employee wellbeing?

BNP Paribas offers extensive wellbeing and mental health offerings, including advanced private medical schemes, dental cover, wellbeing apps, subsidised gym memberships, and mental health support programs.

Are there opportunities for involvement in community service?

Yes, employees are provided with four volunteering days each year, and in 2023, over 18,000 hours of volunteering were achieved across the UK.

How is diversity and inclusion promoted within the company?

BNP Paribas promotes diversity and inclusion through professional networks, such as the Pride Network, Ability Network, and other groups focused on gender equality, multiculturalism, and support for parents and carers.

What should I do if I need adjustments during the recruitment process?

If you have a disability or health condition that may require adjustments or additional support during the recruitment process, you should inform the company as early as possible.

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BNP Paribas

The bank for a changing world

Finance
Industry
10,001+
Employees
1848
Founded Year

Mission & Purpose

more than 190,000 employees, including more than 145,000 in Europe. BNP Paribas holds leading positions in its three major operating divisions: ⚆ Commercial, Personal Banking & Services for all the Group’s retail banking networks and several specialised businesses, including BNP Paribas Personal Finance and Arval; ⚆ Investment & Protection Services for savings, investment and protection solutions; ⚆ Corporate & Institutional Banking, which is focused on corporate and institutional clients. The Group helps all its clients (individuals, community associations, entrepreneurs, SMEs, corporates and institutional clients) to realise their projects through solutions spanning financing, investment, savings and protection insurance. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the European leader in consumer lending. BNP Paribas is rolling out its integrated retail-banking model in Mediterranean countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and Investment & Protection Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas as well as a solid and fast-growing business in Asia-Pacific.