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IT Legal Counsel, Vice President

State Street Corporation
Boston, USA
Closing date
Dec 5, 2023

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Job Function
Industry Sector
Finance - General
Employment Type
Full Time
Position Summary and Requirements

As a key member of the State Street's legal team and technology practice group, you are an integral part of a dynamic and collegial team of in-house lawyers that develop innovative approaches to handling legal challenges of the technology and innovation age in a highly regulated environment. The team handles all of State Street's strategic technology projects, commercial vendor transactions and tech advisory matters in support of all business lines and issues, including Outsourcing, Strategic and Platform Transactions, Regulatory, Cybersecurity, Market Data, Data Usage and Privacy, and Digital, AI and Emerging Technologies. As a key member of our team, you are a proactive and collaborative self-starter that assesses legal risks as you work directly with your colleagues and the business, supporting the Bank on a wide variety of technology and digital initiatives. You must maintain a constant, deep knowledge of legal issues related to emerging technologies (i.e., cloud, artificial intelligence/machine learning, fintech, data usage, crypto currency/block chain, etc.) and participate on select technology and business unit committees and working groups. You thrive in a fast-paced environment and build positive relationships with diplomacy and provide insightful counsel. You are comfortable working with global colleagues and clients handling complex, cross-border matters. You are a hard-working creative team-player who is open to new ideas and you are constantly looking to improve and are curious about technology and innovation.

The successful candidate will satisfy the following requirements:
  • Qualified Lawyer in the US
  • Minimum of 10 years of relevant legal experience (preferably 5 years at a major law firm and 5 years of in-house experience)
  • Significant experience in structuring, advising, and negotiating technology and outsourcing agreements (experience within the financial services sector preferred but not required)
  • Strong knowledge and expertise in technology and outsourcing laws and regulations
  • Highly motivated and independent self-starter; comfortable learning new legal areas and skills
  • Ability to distill and communicate complex ideas in a clear, commercially astute manner that supports internal clients in making difficult decisions and ability to show sound judgement even in ambiguous situations
  • Excellent organizational skills with experience of managing multiple time-sensitive projects simultaneously
  • Lateral thinking/ problem solving
  • Ability to collaborate with and contribute successfully to cross-functional teams
  • Strong written and spoken communication and inter-personal skills
  • Comfortable engaging with, presenting to and providing effective advice to senior management across all corporate functions and business units
  • Ability to work from State Street's Office at least 4 days per week

Areas Of Responsibility:
  • OUTSOURCING/STRATEGIC/PLATFORM : Serve as a trusted legal advisor on a wide variety of technology laws and requirements, such as sourcing/outsourcing/offshoring, operational resiliency, and cloud. Support the commercial and technology legal advisory elements of all strategic projects including acquisitions, divestitures, and joint ventures and strategic investments in technology. Experience working on technology platform agreements and projects is a must.
  • REGULATORY : Ability to interpret legal and regulatory developments impacting commercial vendor transactions, outsourcing and technology. This includes collaborating with other legal department staff to evaluate and help design products, services and technologies for external deployment (e.g. to clients, employment candidates and other third parties) in line with applicable technology laws and regulations and advise on liabilities, legal rights and remedies. Candidate should be comfortable advising on structuring, use and deployment of technologies (including emerging technologies) in line with applicable technology laws and regulations and well as supporting ad-hoc regulatory exams, inspections and inquiries. Candidate will support technology and vendor regulatory consultations, ad-hoc regulatory exams, inspections and collaborating with regional colleagues to develop and maintain a suite of global template form documents.
  • CYBERSECURITY : Provide expert legal advice on a broad range of cybersecurity, ensuring compliance with local and international laws, regulations, and industry standards. Liaise with internal stakeholders, including the IT, Risk Management, and Compliance departments, to develop and maintain a robust cybersecurity legal framework. Draft, review, and negotiate cybersecurity-related contracts, agreements, and policies to protect the institution from legal and reputational risks. Stay abreast of current and emerging cybersecurity laws, regulations, and enforcement trends, and ensure that the institution is well-prepared to comply with them. Work closely with external counsel and regulatory bodies, and represent the institution in any cybersecurity-related legal proceedings. Educate and train internal stakeholders on legal risks, obligations, and best practices in cybersecurity. Support incident response teams during cybersecurity incidents and breaches, including managing any legal or regulatory inquiries and investigations.
  • MARKET DATA/DATA USAGE/PRIVACY : Support in managing legal and regulatory inquiries and investigations relating to market data rights, data privacy, and data governance within the swiftly evolving financial sector, including managing legal and regulatory inquiries and investigations relating to data rights management. Draft, review, and negotiate contracts, agreements, and policies concerning data rights, ensuring the institution is well-protected against legal and reputational risks. Significant experience advising businesses on data privacy matters, including operationalizing privacy programs and maintaining compliance with US and foreign privacy and data protection laws, regulations and frameworks. Experience designing and conducting risk assessments, data transfer impact assessments and privacy-by-design reviews, and handling data privacy incidents. Experience negotiating data access and data sharing agreements, data protection agreements and other complex data transaction agreements. Stay updated on current and emerging data rights laws, regulations, and enforcement trends, ensuring the institution's readiness and compliance. Liaise with external counsel and regulatory bodies, representing the institution in any data rights-related legal proceedings. Educate and train internal stakeholders on legal risks, obligations, and best practices concerning data rights and protection.
  • DIGITAL/AI/EMERGING TECHNOLOGIES : Significant experience advising businesses on technology-related matters, including use of new and emerging technology, such as artificial intelligence (AI), machine learning and biometrics. Strong knowledge of applicable laws, regulations and industry best practices related to AI, biometrics, and other digital technology and assets. Tasked with researching and tracking legal and regulatory requirements for a wide variety of emerging technologies, innovation, automation, and digitization. Provide advice and input on a wide range of emerging technology, automation, and digitization programs in support of State Street's global operational, digital and technology organizations. Conducting legal research, regulatory tracking, and legal due diligence on emerging technologies, such as AI, blockchain/digital assets, and internet of things, as well as other issues important to automation and digitization. Providing transactional support for matters involving emerging technologies, automation, and digitization.

Salary Range:
$165,000 - $225,000 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.

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