HSBC Holdings plc is a British multinational investment bank and financial services holding company. It is the largest bank in Europe, with total assets of US$2.715 trillion (as of August 2020). HSBC traces its origin to a hong in British Hong Kong and its present form was established in London by the Hongkong and Shanghai Banking Corporation to act as a new group holding company in 1991; its name derives from that company’s initials. The Hongkong and Shanghai Banking Corporation opened branches in Shanghai in 1865 and was first formally incorporated in 1866. HSBC has around 3,900 offices in 65 countries and territories across Africa, Asia, Oceania, Europe, North America, and South America, and around 38 million customers. As of 2014, it was the world’s sixth-largest public company, according to a composite measure by Forbes magazine
Department Overview
The legal team provides both negotiation and advisory services in business lines like Retail Banking Wealth Management, Commercial Banking & Global Banking & Markets.
Client Documentation Group (CDG) provides advice, guidance, and support to Global Banking and Markets by negotiating and executing master trading documentation such as the ISDA Master Agreement and Credit Support Annex (foreign exchange and derivatives trading), the Global Master Repurchase Agreement, or Master Repurchase Agreement (repo trading) and the Global Master Securities Lending Agreement (securities lending/borrowing) and other industry-standard documentation.
Responsibilities
The role holder will:
- Undertake negotiation and execution of Traded Market Documents such as ISDA Master Agreement, CSA, FX Netting Agreement, AFMA, GMRA, GMSLA, Amendments, and FX Give Up Notices.
- Identify appropriate template, draft the agreement based on the request form keeping in mind the home jurisdiction of the counterparty and prevailing laws across various geographies around the globe.
- Undertake negotiation and execution of Non-Disclosure Agreements/Confidentiality Letters
- Review legal opinion on Netting & collateral enforceability
- Provide a Legal Capacity Check opinion after a thorough review of the constitutional documents and available information which is in line with the compliance, regulatory requirements and which shall safeguard the interest of the Bank and its customers.
- Prepare draft documents, emails, another form of correspondences, execution document version, and any other documents requested by the members of the team
- Timely, consistent, and accurate recording, monitoring, and storage of traded market documentation information in accordance with Group and local policies.
- Perform enhanced research by utilizing legal and analytical skills
- Coordinate between various departments which include both onshore and offshore stakeholders
Qualifications
- Law degree from a recognized and reputed Law College/University in India or Overseas
- 2+ years of relevant experience working in a legal process involving drafting/vetting agreements/contracts is essential
- Knowledge of various legal entities such as financial institutions, funds & corporates
- Understanding of Corporate Law is desirable
- Knowledge of different asset classes and Derivatives
- Understanding of Common Law, especially with regard to the UK region
- Strong communication skills both written and verbal
Location
Bangalore, Karnataka
Relevant Link
