Job Description
Function Overview
This is an exciting opportunity to join the Legal team supporting the growing International Wealth Management business. The Legal team is part of the Legal, Compliance and Controls (“LCC”) function. The LCC team comprises lawyers, compliance and governance professionals who serve Nomura’s business across Investment Banking, Global Markets, Corporate and International Wealth Management divisions.
The International Wealth Management business operates from in Singapore Hong Kong and had recently opened a branch in the Dubai International Finance Centre
Job Responsibilities:
The legal counsel will provide legal and transactional support to the International Wealth Management business division in its activities globally, with a key focus for the time being on Asia. The legal counsel will report directly to the Head of Legal, International Wealth Management.
Scope of work includes the following:
- Reviewing and drafting of client documentation related to account-opening and asset transfers, e.g. board resolutions, LPOAs, Letters of Undertaking,
- Reviewing and drafting of credit-related documentation, instructing external counsel where necessary e.g. bespoke credit facility letters, security documentation, foreign-law share pledges
- Advising on legal issues affecting the broad spectrum of wealth management products, including but not limited to documentation e.g. OTC derivative confirmations, structured note term-sheets
- Reviewing external counterparty agreements e.g. brokerage agreements, fund distribution agreements, referral agreements, non-disclosure agreements
- Advising on resolution of client complaints and reviewing or drafting of client letters
- Advising the Nomura trust company on legal issues around new trust structures
- Providing strategic legal advice to IWM management on creative solutions to meet new business and regulatory requirements
Job Requirements:
- Qualified lawyer in Singapore [or other common law jurisdiction]
- At least 5 -10years’ PQE either in a private practice or in house legal environment
- Good knowledge of both legal and regulatory risk associated with private banking business
- Able to articulate legal issues, risks, complex concepts and the commercial implications of a recommended course of action in a clear and concise manner