A Senior Legal Counsel (VP) 6alth, Custody & Clearing 6 Retail Brokerage is a senior legal advisor within State Street 27s newly established Wealth business line. Reporting to the SVP, Head of Alpha and Wealth Services Legal, this role serves as the primary subject matter expert and strategic legal advisor for the firm 27s retail brokerage activities, a core component of State Street 27s Wealth strategy. The position requires a sophisticated legal executive with deep expertise in relevant regulatory frameworks, commercial arrangements, and market conduct standards. The successful candidate will exercise strong judgment and commercial acuity, and will be looking for a fast 6aced, strategically critical environment.
What you willa0be responsible fora0
Provide comprehensive legal support for the firm's Wealth businesses with a particular focus on the retail brokerage elements of State Street 27s Wealth initiatives.
Advise on SEC, CFTC, applicable bank regulation, and other applicable regulatory requirements applicable to retail brokerage functions in a wealth environment.
Oversee the development of standard documentation process and disclosures and ultimately the negotiation of all relevant contracts including with RIAs, clearing brokers and other commercial parties.
Support new product development opportunities driven by the Wealth Services business by identifying and addressing legal, commercial and regulatory considerations
Collaborate with business, operations, and compliance teams to ensure regulatory compliance in all activities
Monitor regulatory developments and provide strategic advice on implementation of new regulations
Represent the firm in industry groups and regulatory discussions
Manage relationships with external counsel on complex matters
Provide training to business units on relevant legal and regulatory issues
What we value
These skills will help you succeed in this role:
Results oriented with strong project management and execution skills
Strong interpersonal, communication and customer service skills with ability to sustain strong relationships with clients, peers and senior management
Ability to interact with multiple levels in an organization and in multiple jurisdictions
Keen understanding of market practice impacting the business lines in the relevant jurisdictions and ability to work with business units to achieve practical solutions within applicable regulatory and risk parameters
Strong time management, planning and organizational skills
Ability to work independently but also thrive in a global, dynamic and team-oriented environment
Flexibility and an eagerness to learn
Qualifications
JD from an accredited law school; admission to at least one U.S. state bar in good standing
10+ years of progressive legal experience advising on retail brokerage, wealth management, custody, and clearing within a financial institution, major law firm, or regulatory agency
Expertise in FINRA and SEC regulatory frameworks governing broker 6dealers, advisory relationships, clearing activities, and wealth platforms
Extensive experience drafting, negotiating, and interpreting brokerage agreements, RIA documentation, platform agreements, and complex commercial contracts
Demonstrated ability to lead commercial contracting and client negotiations, including high 6value strategic partnerships, onboarding arrangements, and multi 6party commercial structures
Strong experience advising on registered investment advisory (RIA) business models, including fiduciary obligations, advisory disclosures, conflicts management, and dual 6registrant considerations
Proven track record interacting with regulators on retail brokerage matters, including examinations, inquiries, rule interpretations, and implementation of new regulatory requirements
Experience supporting new product development in wealth, custody, or brokerage environments, including regulatory analysis, risk assessment, and cross 6functional execution
Strategic legal advisor with exceptional analytical and communication skills, translating complex and evolving regulatory frameworks into practical, commercially aligned guidance and influencing senior business leaders and non-legal stakeholders.
Demonstrated ability to manage outside counsel, oversee complex matters, and drive efficient, risk 6aligned legal outcomes
Ability to operate independently in a fast 6paced, global dynamic environment, while collaborating effectively across global business.
Salary Range:
$120,000 - $217,500 Annual
The range quoted above applies to the role in the primary location specified. If the candidate would ultimately work outside of the primary location above, the applicable range could differ.
Employees are eligible to participate in State Street 27s comprehensive benefits program, which includes: our retirement savings plan (401K) with company match; insurance coverage including basic life, medical, dental, vision, long-term disability, and other optional additional coverages; paid-time off including vacation, sick leave, short term disability, and family care responsibilities; access to our Employee Assistance Program; incentive compensation including eligibility for annual performance-based awards (excluding certain sales roles subject to sales incentive plans); and, eligibility for certain tax advantaged savings plans.
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