Capital Markets Senior Counsel

The Global Fixed Income Legal team is seeking an experienced securities lawyer to serve as a primary legal advisor to our Fixed Income research trading and portfolio management teams. The role covers a broad range of fixed income instruments and markets across the U.S. UK and Europe. It also works closely with Compliance Risk and Operations colleagues.

Responsibilities:

• Advise Fixed Income trading research and portfolio management teams on securities law matters under the Securities Act of 1933 and the Securities Exchange Act of 1934 including:
  • public offerings and exempt offerings (Section 4(a)(2) Regulation D Rule 144A and Regulation S);
  • resale restrictions under Rule 144; and
  • trading restrictions market abuse and insider trading.
• Advise on the handling of material nonpublic information (MNPI) information barriers and wall-crossings particularly for private-side activity such as private placements bank loans distressed debt creditor committees and restructurings.
• Review and negotiate offering and transaction documents including offering memoranda purchase agreements indentures credit agreements assignment documentation (e.g. LSTA/LMA forms) non-disclosure agreements and similar.
• Advise on trading and market structure matters including best execution TRACE and other trade reporting obligations Treasury market and fixed income regulatory developments and trading counterparty documentation.
• Advise on cross-border investment and trading matters involving U.S. Canadian UK and European markets.
• Monitor interpret and communicate regulatory developments affecting fixed income funds. Help in the development and maintenance of related policies procedures and training.
• Partner with Compliance Risk Operations and other Legal teams and manage outside counsel as needed.

Qualifications:

• At least five years of relevant legal experience at a leading law firm and/or in-house. Experience advising investment advisers asset managers broker-dealers banks or other financial institutions is preferred.
• Juris Doctor (J.D.) degree and active membership in good standing in at least one U.S. state bar. Eligible for admission to the relevant state bar.
• Significant experience advising on the Securities Act of 1933 including registration requirements and exemptions Rule 144A Regulation S and Rule 144.
• Significant experience advising on the Securities Exchange Act of 1934 including antifraud provisions (Section 10(b) and Rule 10b-5) and insider trading and MNPI.
• Demonstrated experience with fixed income instruments and markets including how debt securities are issued structured traded and settled.
• Familiarity with a broad range of fixed income products including:
  • investment grade and high yield corporate bonds;
  • U.S. Treasuries agency debt sovereign and supranational debt;
  • emerging markets debt;
  • agency and non-agency mortgage-backed securities (RMBS/CMBS);
  • asset-backed securities (ABS) CLOs and other structured products and securitizations;
  • bank loans and leveraged loans; and
  • private placements and Rule 144A and Regulation S securities;
  • distressed debt and restructuring situations (i.e. bondholder groups and ad hoc committees).
• Experience with capital markets transactions and fixed income trading and investment activities.
• Strong analytical drafting and negotiation skills with the judgment to give practical commercially minded advice in a fast-paced trading environment.
• Excellent communication and stakeholder management skills including the ability to explain complex legal issues clearly to traders portfolio managers and senior management.

Nice To Haves:

• Experience directly supporting fixed income research and trading desks portfolio managers or investment management businesses whether in-house or on secondment.
• Experience advising UCITS funds and other non-U.S. investment vehicles including eligible asset requirements and investment restrictions particularly around securitizations.
• Experience advising on cross-border investment and trading matters involving UK and European markets.

Salary Range:

• $120000 - $210000

Special Factors

Sponsorship

About Vanguard

At Vanguard we dont just have a missionwere on a mission.

To work for the long-term financial wellbeing of our clients. To lead through product and services that transform our clients lives. To learn and develop our skills as individuals and as a team. From Malvern to Melbourne our mission drives us forward and inspires us to be our best.

How We Work

Vanguard has implemented a hybrid working model for the majority of our crew members designed to capture the benefits of enhanced flexibility while enabling in-person learning collaboration and connection. We believe our mission-driven and highly collaborative culture is a critical enabler to support long-term client outcomes and enrich the employee experience.