Assistant Legal Counsel GSC’s with HSBC

Deadline Open Deadline

Location Bangalore, Karnataka

Salary The salary will be discussed with the candidate itself.

Details of the Organization

Opening up a world of opportunity for our customers, investors, ourselves and the planet.

They're a financial services organisation that serves more than 40 million customers, ranging from individual savers and investors to some of the world’s biggest companies and governments. Their network covers 63 countries and territories, and we’re here to use our unique expertise, capabilities, breadth and perspectives to open up a world of opportunity for our customers.

HSBC is listed on the London, Hong Kong, New York, Paris and Bermuda stock exchanges.

Details of the Job/Internship

Legal General provides support, guidance and advice to Global Markets, Wealth & Personal and Commercial Banking Customers relating to distinct and diversified customer queries.
The same includes businesses from small enterprises and mid-market companies to large multinationals along with Individuals banking with HSBC.
The Legal General further supports Group Legal in due diligence reviews globally including risk assessment and monitoring, information and cyber security reviews and end to end on boarding. Provide counsel and legal support on a variety of legal matters, or in a specialist area; Ensure that completed documentation provides appropriate credit and legal protection for the Bank.

Role and Responsibilities

To undertake review and negotiation Standard Trade Terms for processing core trade transactions and trade flows and other related agreements for bank-issued facility like Deposit Account Control Agreement, PoAs, Indemnity Letters and Waiver Letters. Further, negotiations or queries on standard templates for Charged & Secured Accounts and Account Mandates
To collaborate with empaneled law firms with respect to legal opinions drafted for clients under different facilities/transactions,
Well versed with Contracts Act, Company Law, Partnership Act, Competition Law and other related legislations to conduct proper due diligence on various entities/customers in order to on board such clients globally
Familiarity with laws relating to data privacy & GDPR, Sanctions & AML regulations along with global banking regulations & Common Wealth Laws. Ensure end to end execution of a request, including liaising with stakeholders, drafting, negotiating, updating database and archiving emails, as appropriate
Assist the team with Migration process for any new or addition of scope of work
Provision of legal advice that is succinct, easy to understand, and adds value by identifying the root cause of the problem
Required to display leadership and teamwork for efficient completion of work
The individual will be responsible for the updating all internal database in a timely manner
Manage proper records of inflow and outflow of original documents/ emails, including for execution and archiving purposes.
Ensuring management information and ad hoc reports are produced in a timely manner
Each individual will be responsible for each case/requests received until its completion, work will require quick turnaround time, involves frequent chasing and follow up with severe ownership implications
Must be able to coordinate between various departments across the Bank which includes both onshore and offshore stakeholders
Must have good judgmental skills to balance between seeking clarification and taking ownership of the checking process
To strive for excellence in customer service
Should be able to position themselves as a trusted adviser to the business by ensuring that commercially sensitive, pragmatic and practical legal support and advice is provided in a cost-effective manner for assigned areas
Active participation and contribution in all quality initiatives within the team/ process both for improvement of productivity & quality
Understand and comply with all relevant policies and procedures issued by the Group and contained with the Group Standards Manual and relevant Functional Manuals, Desk Instructions Books and Process Guides
Communicate effectively with team members, internal and external customers and other parts of GBM as required
Need to be aware of the Operational Risk scenario associated with their role, and to ensure that all actions during their employment with HSBC take account of the likelihood of operational risk occurring
Promote a strong sense of teamwork to ensure all areas work collaborative and as efficiently as possible
Should be able to provided needed guidance and handholding to junior members of the team
First point of contact for all queries raised by Bangalore team
Have the ability to work autonomously with the appropriate escalations to the team lead

Eligibility

What you will need to succeed in the role:

Law degree from a recognized and reputed Law College/University in India or overseas. (E)
Minimum 6 years’ experience working in a legal process involving advisory, drafting/ vetting agreements/contracts (E)
Proven skills in advisory and drafting agreements/ contracts (E)
Strong communication skills both written and verbal (E)
Excellent time management and prioritization and multi-tasking skills(E)
Good interpretation, analytical & judgmental skills (E)
Proficiency in MS Office (E)
Ability to effectively develop a rapport across a wide range of people across all related functions.(E)
Required to be detail oriented and must have exceptional attention to detail skill. (E)
Personal drive to provide excellent customer service and achieve customer delight. (E)
Must be able to work with minimal supervision and personal ownership (E)
Must be a good as a team player as well as individual contributor (E)
Ability to effectively communicate with the Legal team and 3rd Party Relationship Managers.(E)
An understanding as how Group Legal functions.(D)
Excellent understanding of Corporate Law (D)
Understanding of Common Law, especially with regard to the UK & HK (D)