Trainee - Legal Graduate - London, United Kingdom - Société Générale

Société Générale

Verified Company

London, United Kingdom

2 weeks ago

Posted by:

Tom O´Connor

beBee Recruiter

Description

Responsibilities:

Description of the Business Line or Department

The Legal Department in London is a team of c.60 lawyers and legal advisers providing legal advice and support to all London based investment banking business lines and those businesses and legal entities forming part of the SG Group in the UK.

It is divided into the following teams/areas of expertise:
(i) Global Finance (sub
- divided into Acquisition and Asset Finance, Financial Engineering and Group Financing, Natural Resources and Hedging; (ii) Markets (sub-divided into Structured Over-The

Counter Derivatives, Programmes and Structured Issuances and Debt Capital Markets; (iii) Trading and Prime Agreements (sub divided into Master Agreements and Prime Services; (iv) Securities Services; (v) Corporate Finance; (vi) Financial Services Regulation; (vii) Employment; (viii) Shared Internal Legal Services (incorporating Commercial and IT Contracts and Global Transaction Payment Services); and (ix) Data Protection.

The Legal Department is responsible for identifying and analysing legal and commercial issues, including communicating advice clearly and effectively, as part of an overall responsibility for managing and overseeing legal risk for the businesses supported.

The Legal Department is also responsible for managing its own conduct risk, promoting a positive culture of good conduct and compliance and contributing to the management of conduct risk throughout the businesses supported.

The Financial Services Regulatory team (two lawyers and one graduate trainee) in London Legal provides advice and assistance in relation to financial regulation applicable to the bank at both a business unit level and service unit level in respect of activities carried on in or from the United Kingdom and at an institutional level in terms of the governance of the bank's UK platform and the Group's relationship with the UK Prudential Regulation Authority (PRA), Financial Conduct Authority (FCA) and other competent authorities in the United Kingdom.

The team's responsibility extends to all SG Group entities operating in the United Kingdom, with the exception of Kleinwort Hambros, Automotive Leasing Division and Societe Generale Equipment Finance.

Responsibilities extend to both ad hoc advice on existing regulation ("run the bank") and strategic advice on the adaptation of the bank's activities to changing regulation ("change the bank").

The team advises on regulatory aspects of transactions with a UK nexus, including the introduction of new products and services; the marketing and promotion of investment and banking products; as well as engagement and communication with the bank's regulators, in coordination with Compliance and the Group regulatory, financial security and competition team in Paris, who hold the primary relationship with the bank's Home State regulators.

The team also works collaboratively with colleagues in Legal, Compliance and Public Affairs departments across the globe to advise on and ensure compliance with financial regulation including the Legal & Regulatory TransForMation team in Paris.

Summary of the key purposes of the role
Assist the General Counsel, London and the Head of Financial Services Regulation in discharging the London Legal Department's regulatory watch responsibilities, by:

identifying new laws and regulations and changes to existing laws and regulations that may impact on the SG Group in the UK; and

- providing commentary and analysis on these changes for publication through the Bank's Legal Watch tool.

Reviewing and collating feedback within Legal on new and updated policies and procedures covering the London platform.

Carrying out legal research to assist in advising colleagues within Legal, the front office and other functions on the Bank's responsibilities under the UK regulatory system, focusing in particular on rules and regulations promulgated by the UK Financial Conduct Authority (FCA) and the UK Prudential Regulation Authority (PRA).

Working with and providing ad hoc support to other legal teams on regulatory or other Legal matters as required.

Summary of responsibilities
Provide analysis and commentary on changes in law and regulation and their impact on the Bank.

Review, comment on and draft documentation to be submitted to the FCA, the PRA and other competent authorities.

Review, comment on and negotiate legal agreements.

Attend meetings and take minutes.

Carry out legal research.

Carry out general drafting tasks and proofreading.

From time to time, to assist with other matters lawyers in the team may require which may include general administrative tasks.

Level of Autonomy and Authority

Profile required:

Competencies
All members of the Legal Department are expected to demonstrate the basic principles of the SG Leadership Model:

Team Spirit: working with colleagues inside and outside of the Legal Department to achieve success
Innovation