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A leading global wealth management company is looking for a qualified lawyer to join its rapidly expanding Asia Pacific legal team. This is an excellent opportunity for a banking and finance lawyer to join a global business which continues to grow across the region.
This wealth manager serves affluent, high net worth and intermediary clients worldwide, providing international and private banking, fiduciary services, investment management and brokerage. With a distinctive business model, it aims to be the premier European Wealth Manager, attracting clients through world-class product, innovative solutions and outstanding service.
As a major global financial services provider engaged in retail and commercial banking, credit cards, investment banking, wealth management and investment management services with an extensive international presence in Europe, the USA, Africa and Asia, it is one of the largest financial services companies in the world by market capitalisation. With over 300 years of history and expertise in banking, it operates in over 50 countries and employs over 127,000 people. It moves, lends, invests and protects money for over 27 million customers and clients worldwide.
Purpose of role
•To provide expert legal advice and counsel to the Wealth business, focusing on Asia
•To identify and manage legal risk, liaising directly with the businesses as appropriate. Wealth Asia is a growing part of Wealth and provides a fast moving environment in which complex high value products are offered sophisticated clients in a range of countries around Asia.
•To work with legal shared team members in addressing legal service requirements as and when required.
•Proactively to advise and educate the business on relevant legal issues.
Core accountabilities
1.Legal Advice and Risk Management (80%)
•Provide expert and timely advice, particularly in relation to law and regulation of financial services in Hong Kong, Singapore and the surrounding region.
•Draft and update client documentation
•Proactively advise on and help to manage important changes in law and regulation
•Liaise with other members of Legal and Group stakeholders on legal risk
•Help develop policies and procedures designed to reduce legal risk
•Manage external legal support and maintain cost discipline
2.Training and support (10%)
•Implement training for business and support areas on relevant legal risk issues
•Share know-how and experience with other legal advisers within the team and elsewhere within Legal
•Attend external seminars on new legal developments
3.Relationship Building (10%)
•Proactively forge relationships with a broad range of business areas and third parties
•Monitor “client satisfaction” and the legal effectiveness of individual transactions and cost management of the legal advice provided.
Supervisory responsibilities
•Manage external law firm relationships
•Manage work of external law firms to ensure high quality, relevant, cost-efficient advice to the business
Key clients (internal and external)
•Wealth Asia senior management
•Wealth India senior management
•Wealth Intermediaries & Corporate Asia management
•Wealth Structuring Asia
•Infrastructure heads – Operations, Compliance, Credit (Solutions, Risk & Administration), Investment & Products Office/Investment Management, Front Office, Finance, Client Support, Client On-boarding, Business Support, Operations Risk, Operational Assurance
•Wealth Asia Front Office, including London Asia Desk and Geneva Desk
•Asia Project Execution Group
Role requirements
Essential
•Qualified lawyer with:
-a strong technical knowledge of financial services law and general banking law
-experience of general wealth management/private banking
-experience of involvement with bank business development and senior management
Preferred
•Experience managing projects, transactions, disputes & external counsel
•Understanding the requirements of legal risk management in a financial institution
•Knowledge of the Group’s policies & procedures
•Familiarity with Wealth businesses and products, and legal issues affecting them
•Familiarity with OTC derivatives and structured products, funds/collective investment schemes, other investment products, banking, credit, trusts, cross border issues
Professional/technical experience
•High level of technical legal skills, specialist and generalist
•Incisive analytical ability to resolve and minimise legal risk issues
•Ability to manage change both procedural and document based from a legal perspective
•Ability to take major legal decisions and conduct negotiations on behalf of the business
•Business competence and commercial awareness
•Ability to contribute in legal terms to business objectives
•Use of technology
•Law firm relationship management
•Ability to understand the roles and responsibilities of the various support functions including which functions should be responsible for managing various aspects of complex transactions, projects and initiatives
Academic and professional qualifications
•Qualified solicitor or barrister or equivalent foreign qualified lawyer
•[5]+ years post qualification experience
Language skills
•Excellent written and spoken English ability
•Cantonese or Mandarin skills preferred but not essential
Personal attributes
•Robust personality
•Ability to provide balanced advice
•Flexibility and ability to deal with change
•Influencing and negotiating skills
•Delivery under pressure
•Excellent interpersonal skills
•Personal effectiveness and time management
•Written and verbal communication (including strong presentation skills)
All CVs should be emailed directly to biancan@morganmckinley.hk
