In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 17,000 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 73 markets with more than 196,000 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.
BNP Paribas offers you an exciting career in an international business environment that is fast-paced, diverse and focuses on creating high-value relationships with our clients. We offer competitive salary and benefits, as well as a working environment where you’re valued as part of the team.
* excluding partnerships
The role is for a senior prime brokerage and cash equities lawyer to sit in the Global Markets Equities legal team in Hong Kong. The successful candidate will draw on their prime brokerage/cash equities related experience to provide ongoing legal advice to business lines and senior management within the APAC region in respect of cash and synthetic prime brokerage related issues (including settlement and custody, cash loans, securities settlement and cross-asset margining, as well as derivatives), securities lending, repos, and related regulation and documentation.
The successful candidate will be expected to lead on these topics from a legal perspective and will support, and directly liaise and coordinate with, various business lines and internal stakeholders within the bank, both locally and internationally.
The role will involve:
Drafting, negotiating and maintaining prime brokerage, cash equities, securities lending and repurchase related agreements, including the drafting of bespoke terms to address particular counterparty concerns (e.g. activist hedge funds), for both the local and international platforms. This may include Prime Brokerage Agreements, ISDA Masters Agreements/CSAs, GMRAs, Global Swap Agreements, Account Control Agreements and related documentation, as well as other financing and trading products documentation.
Providing analysis and advice in respect of legal and regulatory issues including netting and collateral opinions.
Keeping abreast of relevant local and international regulation developments, as well as relevant market infrastructure changes.
Liaising with Master Agreements teams locally and internationally regarding template review, policy and process matters related to the above.
Providing structuring, documentation, execution management and legal support in respect of all transactions and new business initiatives/projects.
Contribute to functional governance and reporting processes, for the sharing of knowhow and escalation / management of risks.
Representing Legal in Transaction Approval Committees and/or other internal committees.
Building and maintaining constructive working relationships with law firms in the Asia-Pacific jurisdictions covered by the PS&F Business in Hong Kong and with peer professionals at other investment banks.
Competencies (Technical / Behavioural)
Strongly established expertise and technical knowledge of cash and synthetic prime brokerage, securities lending, repos, their related documentation and their international legal and regulatory framework.
Proactive, self-motivated and confident individual, able to manage a large and diverse workload and interact comfortably and convincingly with all levels of management within the bank, both autonomously and as part of a cross-disciplinary and cross-border team.
Able to deal with a robust and demanding internal client base, including by handling multiple matters simultaneously and by meeting tight deadlines when required.
Specific Qualifications Required
Legally qualified in a common law jurisdiction with 5+ years of experience in a major international law firm or top tier investment bank.
Excellent command of written and spoken English.
Chinese language fluency (reading and writing) would be an advantage.