28 days old

RRP Legal, Assistant Vice President

State Street
Boston, MA 02109
  • Job Code

Who we are looking for

As a global systemically important financial institution, State Street has substantial regulatory obligations in its home jurisdiction and multiple jurisdictions in which it is obliged to submit Recovery & Resolution plans. This position provides legal counsel support to the Recovery & Resolution Planning Team.

The ideal candidate would have the following experience:

  • knowledge of bank regulatory or U.S. insolvency law;

  • contract drafting experience;

  • knowledge of the business areas of State Street or other custody bank specifics like Clearing / Settlement / Payments; and / or

  • experience in Capital & Liquidity matters.

The Recovery and Resolution Planning Office is responsible for:

  • Managing and coordinating the respective Plans of State Street, including non-U.S. jurisdictions in which the firm is obliged to develop a Recovery / Resolution Plan (e.g. Germany, UK, Canada, HK).

  • Developing and maintaining the Recovery Plan process

  • Coordinating with regulatory authorities on matters related to resolution and recovery planning

  • Coordinating with international project teams and external advisors

  • Analyzing interconnections and dependencies across State Streets infrastructure, including financial, operational and contractual arrangements; and

  • Reviewing material events at State Street, including corporate restructurings, the establishment or elimination of legal entities, entry into a new market, jurisdiction, product or service, and merger and acquisition activities, to determine any effects on State Streets resolution and recovery planning processes

Why this role is important to us

The RRP team that you will be joining plays an important role in the overall success of State Street and the stability of financial markets, as the RRP team oversees and maintains recovery and resolution planning for all of State Street, which is one of the largest world-wide global custodians and global asset managers.

The RRP team responds to evolving RRP regulatory expectations in the U.S. and the other jurisdictions in which State Street operates and to material changes in State Streets business model that affect resolvability. The RRP legal role coordinates with U.S. and other regulatory authorities, including describing how State Streets RRP capabilities align to regulatory expectations and how State Street seeks to meet RRP requirements across all the jurisdictions in which it operates. The ideal candidate is a team-player and skilled at navigating a complex organization.

What you will be responsible for

In your role, you will strive to provide practical regulatory legal advice that aligns RRP requirements to the various business or corporate function owners and their business models and respective jurisdictions.

As AVP/Counsel, you will be responsible for:

  • Advising and working with internal legal, business, compliance and risk partners to address RRP related matters as a trusted adviser.

  • Providing legal and regulatory advice to business partners regarding laws and regulations, related to Recovery and Resolution Plans (e.g. advising how rules, guidance should be reflected in the Plans).

  • Drafting and reviewing responses to the regulators regarding RRP (legal) matters.

  • Instructing and managing external counsel.

  • Supporting the RRP teams in subsidiaries and branches of SSC / SSBT on RRP related matters.

  • Supporting the drafting of contracts as they relate to RRP matters.

  • Supporting our internal clients and providing responses for RFPs.

What we value

These skills will help you succeed in this role

  • Strong problem-solving and technical legal analysis skills

  • Good communication skills

  • Enthusiasm for working in a collaborative culture that values teamwork and inclusivity

  • Demonstrated ability to build positive and wide-ranging working relationships with colleagues.

  • Ability to interact with multiple functional areas within a large organization

  • Ability to provide practical guidance to assist business and corporate partners in implementing regulatory requirements

  • Strong time management, prioritization, planning, and organizational skills

  • Willingness to learn new areas of law

Education & Preferred Qualifications

  • Juris doctorate from an accredited university

  • License to practice in Massachusetts or another state of the United States

  • Three (3) years or more of experience in the financial services and/or corporate department of a major law firm or equivalent experience in the financial services sector

About State Street

What we do. State Street is one of the largest custodian banks, asset managers and asset intelligence companies in the world. From technology to product innovation were making our mark on the financial services industry. For more than two centuries, weve been helping our clients safeguard and steward the investments of millions of people. We provide investment servicing, data & analytics, investment research & trading and investment management to institutional clients.

Work, Live and Grow. We make all efforts to create a great work environment. Our benefits packages are competitive and comprehensive. Details vary in locations, but you may expect generous medical care, insurance and savings plans among other perks. Youll have access to flexible Work Program to help you match your needs. And our wealth of development programs and educational support will help you reach your full potential.

Inclusion, Diversity and Social Responsibility. We truly believe our employees diverse backgrounds, experiences and perspective are a powerful contributor to creating an inclusive environment where everyone can thrive and reach their maximum potential while adding value to both our organization and our clients. We warmly welcome the candidates of diverse origin, background, ability, age, sexual orientation, gender identity and personality. Another fundamental value at State Street is active engagement with our communities around the world, both as a partner and a leader. You will have tools to help balance your professional and personal life, paid volunteer days, matching gift program and access to employee networks that help you stay connected to what matters to you.

State Street is an equal opportunity and affirmative action employer.

Discover more at StateStreet.com/careers

Posted: 2021-07-07 Expires: 2021-08-05
Sponsored by:
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RRP Legal, Assistant Vice President

State Street
Boston, MA 02109

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