Legal Counsel Vice President, Santander

Markets, 6-Month Fixed-Term Contract, SCIB

Salary not provided

Mid and Senior level

London

3 days a week in office (Triton Square, London)

Retail and commercial bank

Job no longer available

Retail and commercial bank

1001+ employees

B2CB2BBanking

Job no longer available

Salary not provided

Mid and Senior level

London

3 days a week in office (Triton Square, London)

1001+ employees

B2CB2BBanking

Company mission

To help people and businesses prosper.

Job

Company

Role

Who you are

Significant experience of negotiating ISDA and GMRA agreements, demonstrating your expertise in complex derivatives and securities financing documentation
Qualified lawyer (minimum 4 years’ PQE), with experience gleaned in a law firm or financial institution
Exceptional written and verbal communication skills, with the ability to explain complex legal concepts in a clear and accessible way
Proven stakeholder management skills, enabling you to build strong relationships across business functions
Deep understanding of legal risks relevant to financial markets, and the ability to identify and mitigate these effectively
Up-to-date knowledge of UK financial regulations and their practical application in transactional work
Outstanding attention to detail and a commitment to delivering high-quality work, accurate legal work
Additional European language skills are an advantage

What the job involves

This interim, client-facing position offers you the chance to collaborate closely with the front office on a broad spectrum of derivatives and securities financing transactions, as well as other legal initiatives within SCIB’s UK operations
Drafting and negotiating legal documentation for derivatives and securities financing transactions, including master trading agreements, transaction-level documentation, security documentation, netting and collateral agreements, as well as related ancillary documentation
Structuring, reviewing and leading on transaction documentation throughout the deal lifecycle – from initial pitches and mandates, through structuring and term sheets to execution
Reviewing and negotiating facility agreements, bond documents, security documents, intercreditor or subordination agreements, common terms agreements, master definition agreements, confidentiality agreements, hedging letters and other documents associated with master trading agreements and transactions
Monitoring, interpreting, and embedding relevant legal and regulatory developments affecting SCIB Markets UK business, ensuring these are reflected in all product and transaction documentation
Delivering proactive legal support to the trading floor, responding to queries and providing practical, business-focused advice
Contributing to non-transactional legal projects and broader business initiatives as required
This is a 6-month fixed-term contract to cover maternity leave and has the potential to extend

Salary benchmarks

Our take

Santander serves 14 million UK customers as a retail and commercial bank. Despite a mixed history, including issues with call centre service, mis-selling PPI, and anti-money laundering control failures between 2012 and 2017, Santander continues to thrive by focusing on innovation, digitalisation, and sustainable, responsible growth.

Recently, Santander has enhanced its digital and mobile services to meet the needs of modern banking customers. This includes the My Home Manager app, which provides mortgage customers with a centralised platform for their information, and increased fraud alerts to protect less digitally literate customers as they transition online. These efforts aim to connect physical and digital channels for a seamless customer experience, positioning Santander to better compete against digital banks like Monzo and Starling.

In addition to these digital advancements, Santander has joined forces with Iberpay in Spain to become inaugural participants in the European Payments Council’s One-Leg Out Cross-border Transactions Instant Scheme (OCT Inst). This initiative is set to introduce global instant transfers, further emphasising Santander's commitment to innovation and enhancing its service offerings in the digital banking landscape.