Legal Counsel - Singapore - BNP Paribas

BNP Paribas

Verified Company

Singapore

1 week ago

Posted by:

Wei Jie

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Description

In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860.

Currently with over 18,000 employees* and a presence in 13 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs.

It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.

Worldwide, BNP Paribas has a presence in 68 markets with more than 193,000 employees.

It has key positions in its three main activities:

Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors.

Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.

- excluding partnerships

At BNP Paribas, we passionately embrace diversity and are committed to fostering an inclusive workplace where all employees are valued, respected and can bring their authentic selves to work.

We prohibit Discrimination and Harassment of any kind and our policies promote equal employment opportunity for all employees and applicants, irrespective of, but not limited to their gender, gender identity, sex, sexual orientation, ethnicity, race, colour, national origin, age, religion, social status, mental or physical disabilities, veteran status etc.

As a global Bank, we truly believe that inclusion and diversity of our teams is key to our success in serving our clients and the communities we operate in.

Team Overview:

A central team of technical experts, the Legal team provides specialised in-house advisory services related to all aspects of Securities Services.

They work closely with the heads of business and partner with the various leadership teams providing technical legal advice and support.

A primary area of focus for this team is effectively managing key legal risk through appropriate level of controls over the business.

They are also responsible for the review, development and oversight of legal policy implementation.

Job Overview:

Reporting lines:
Legal Counsel's reporting line is to the Head of Legal for BNP Paribas Securities Services, Singapore.

Legal Counsel will be required to work collaboratively with other BNP Paribas Securities Services lawyers locally and overseas (particularly in Asia Pacific).

Number of staff supervised:
Nil

Location Coverage:

This position is to principally service the legal needs of BNP Paribas Securities Services (and its subsidiaries) in Singapore, and any other locations (including Malaysia) as directed by the Head of Legal for BNP Paribas Securities Services, Singapore.

General Requirements:

This role requires the Legal Counsel to possess maturity and commercial judgement and experience with demonstrated relationship management ability and excellent interpersonal skills.

The Legal Counsel will also need to communicate effectively to influence and affect change in behaviour and process and have the strength to maintain their independence of views in all circumstances.

The Legal Counsel will need to demonstrate applied knowledge of principles and practices of financial services law in Singapore.

Strength in broad banking and securities, futures, derivatives law and product knowledge of custody, securities and derivatives clearing, settlement, and managed fund operations would be very beneficial.

Previous legal experience with another custodian bank would be viewed favourably. The Legal Counsel will have proven and effective analytical skills always seeking accuracy and quality in results.

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.
Providing legal and regulatory advice to the business on new products and services and proactively anticipating legal issues and identifying legal requirements.
Reviewing, negotiating and drafting agreements (including amendments) relating to the business and other service providers, including subcustodian and subclearers.
Identify and mitigate legal risk within the business by implementing appropriate legal controls and policies where necessary.
Drafting legal disclaimers, reviewing incidents and providing legal advice in respect of good value claims.
Developing and maintaining standard legal documentation for all products and services offered in Singapore taking