Legal Counsel

Salary Not Specified

Schroders, City of Westminster

Full time
Permanent
Onsite working

Posted today, 29 Sep | Get your application in now to be one of the first to apply.

Closing date: Closing date not specified

job Ref: 12419a2d632648c3affe353b5d978f83

Schroders

Full Job Description

Regulatory advice regarding UCITS and AIF (including LTAF and ELTIF) vehicles in the firm's UK or Luxembourg ranges:
Intermediary fund distribution advice:
Public or public/private (UCITS,AIF, ELTIF, LTAF)
General advice regarding UK or Luxembourg regulated funds
Assist Lead Product Counsel, UK and the Product Legal Team (six lawyers) generally.
Specific advisory services to: Product Development, London and fund management companies: London and Luxembourg.
From time to time assist the Solutions and Client Group teams in UK, Europe and to contribute to the external client work of the legal teams in the Americas and APAC.
Drafting all legal documentation associated with and ancillary to fund launches of the forms indicated above, document types including: prospectuses, KIIDs, pre-contractual disclosures (SDR and SFDR), constitutional documents, side letters, rebates letters, investment management / advisory agreements and other related agreements such as delegation agreements, indemnities, subscription agreements, NDAs, letters of intent etc;
Drafting assistance and regulatory advice on cross-border fund marketing and the adoption of appropriate intra-business processes to ensure compliance with local regulations and/or obligations to investors;
Advising on the application of Legal and Schroders Group policies and standards;
Advising on regulatory projects, interpretation and implementation of new regulations and directives across the relevant areas of the firm. Recent and current examples include SDR, Consumer Duty, DORA, SFDR, Taxonomy, PRIIPs, MiFID II, AIFMD, UCITS, Solvency II, FATCA, CRS, EMIR and GDPR;
Potential for advice on correspondence with regulators on issues arising from the management, administration and distribution of Schroders funds both locally and globally (in the UK, Luxembourg and Asia) and
Instructing external counsel (usually either non-UK or specialist) where appropriate.

Demonstrable post-qualification experience - 5 years PQE (or near to);
Excellent contract law knowledge, drafting skills and experience in client / service provider contract negotiation;
Excellent written and verbal communication;
Excellent attention to detail and procedure;
In-depth knowledge/experience of the investment management industry;
Good understanding of the legal and regulatory risks and Compliance processes associated with the financial services industry and FCA regulation;
Strong interpersonal skills including the ability to liaise with staff at all levels including senior management and board level;
Genuinely pro-active and keen to take responsibility and
Strong private practice experience or in-house experience of an equivalent quality and
Fluency in additional languages.
Must be a good team player and a driven self-starter, as well as having very high-quality legal skills and an ability to deal confidently with internal and external clients.

The investment management services may be provided by Schroders or they may be delegated to third party managers. Intermediary fund distribution advice is also relevant to the role, as is being generally available for UK or Luxembourg regulated funds (or other) advice (using law firms where appropriate but usually not for UK funds). You will assist Lead Product Counsel, UK and the Product Legal Team (six lawyers) generally. You will be internal client facing and actively advise and service the Product Development team in the London office and the fund management companies in both London and Luxembourg. You may also be called upon to assist the Solutions and Client Group teams in UK, Europe and to contribute to the external client or funds work of the legal teams in the Americas and APAC. Any experience of client mandates, solutions structures, corporate / outsourcing transactions, OTC and exchange-traded derivatives will be useful but not essential.