Legal Counsel (Banking)
The Bank for International Settlements is an international organisation which fosters international monetary and financial cooperation via wide-ranging banking, economic research and policy coordination activities.
Purpose of the job:
The successful candidate will join a small group of lawyers advising on legal matters relating to the Bank's activities.
Functions performed with respect to banking operations, primarily for the Banking Department, include providing advice, assistance in the drafting of contracts and other documents, and participating in negotiations relating to:
- the banking operations of the BIS (such as investments with commercial banks, purchases of money market and fixed income instruments, repurchase and derivatives transactions, collateralization, custody and other operational arrangements)
- investment services for central banks (such as investment management agreements and custody arrangements)
- central bank facilities and bridging finance (such as credits secured against gold or currency deposits, unsecured credits and escrow agreements)
- the various functions of the Bank as trustee, fiscal agent or depository with regard to international loan agreements
- legal, regulatory, tax and prudential issues
- BIS immunities in connection with banking operations
- The successful candidate would be expected to focus on legal matters arising in conjunction with the Bank's investments and financial operations in Asia Pacific in particular
Qualifications and work experience:
- Law degree from a university of high standing
- Five to seven years' professional experience in international banking and financial legal matters, ideally gained at a top international law firm or in the legal department of a major financial institution, preferably in Asia Pacific
- Some professional experience in both civil law and common law jurisdictions as well as knowledge of international public and private law would be a plus
- Extensive knowledge of banking, securities and commercial law in an international context
- Fluency in English and another major language
- Ability to work in a team of lawyers of different nationalities
- Computer literacy
Employment - Duration: 3 years
Contract type: Fixed-term
Application Deadline: 17/03/2019
All new staff members are recruited on a fixed-term basis without expectation either of any contract renewal or conversion. The contract may however be extended or converted to an open-ended one at the end of the term, subject to organisational needs and individual performance. The BIS is fully committed to equal opportunity employment and strives for diversity among its staff.