Sr Legal Counsel - Global Liquidity and Cash Management

HSBC
New York
Full timeFunction: Legal, Risk & ComplianceEducation: professionalSkills: ["Communication","Influencing","Collaboration","Solutions-oriented approach","Stakeholder management"]

Provide senior legal counsel for HSBC’s Global Payments Solutions (GPS) within Corporate and Institutional Banking, covering cash management, liquidity, deposits, commercial cards, and related client product terms. Advise on complex U.S. payments and treasury frameworks (e.g., ACH, wires, real-time payments, UCC/NACHA rules), draft and negotiate agreements and mandates, support DACA negotiations, and guide governance, risk, and regulatory issues for BAU and innovation initiatives.

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FursaFursa
HSBC
HSBC
2 days ago

Sr Legal Counsel - Global Liquidity and Cash Management

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Job Summary

Provide senior legal counsel for HSBC’s Global Payments Solutions (GPS) within Corporate and Institutional Banking, covering cash management, liquidity, deposits, commercial cards, and related client product terms. Advise on complex U.S. payments and treasury frameworks (e.g., ACH, wires, real-time payments, UCC/NACHA rules), draft and negotiate agreements and mandates, support DACA negotiations, and guide governance, risk, and regulatory issues for BAU and innovation initiatives.
Location: New York
Employment Type: Full time
Job Function: Legal, Risk & Compliance

Key Responsibilities

  • •Provide legal advice to GPS Product, Sales, and Operations across U.S. payment services, including BAU and complex mandates.
  • •Draft, review, and negotiate client documentation and product terms, including MSAs, account mandates, service schedules, and implementation/API documentation.
  • •Lead or support Deposit Account Control Agreement (DACA) negotiations and escalations, coordinating with offshore teams and external counsel as needed.
  • •Advise on liquidity and deposit product structures and cross-border cash management mandates, including virtual accounts and related sweeping structures.
  • •Advise on regulatory, risk, and governance matters for GPS products, including U.S. legal and regulatory frameworks and escalation management for client issues and disputes.

Key Requirements

  • •Juris Doctor with active bar admission in New York, Illinois, or Washington D.C. (other U.S. jurisdictions considered).
  • •Post-qualification experience advising on payments, transaction banking, or cash management at a major financial institution and/or top-tier law firm.
  • •Strong working knowledge of U.S. payments legal frameworks and industry rules relevant to cash management and payments (e.g., UCC 4A, NACHA).
  • •Demonstrated ability to draft and negotiate complex commercial arrangements directly with sophisticated counterparties.
  • •Ability to translate regulatory complexity into clear, commercially practical advice delivered at pace with strong communication and influencing skills.
Experience:PaymentsTransaction bankingCash managementFinancial services
Education:Professional (JD, MD, etc.)
Skills:CommunicationInfluencingCollaborationSolutions-oriented approachStakeholder management
Licenses:Active bar admission
Tech Stack:ACHWiresReal-time paymentsChecksRemote deposit captureImage cash letterControlled disbursementsAPI/connectivityVirtual accountsCross-border sweepingCommercial cardsTokenized depositsDigital-asset adjacentDLT-based settlement models

Eligibility

Work Authorization:Authorization required. Sponsorship not provided.

Company Brief

HSBC
Global banking and financial services organisation offering retail, commercial, corporate and investment banking, wealth management, and global markets services across Europe, Asia, the Americas and the Middle East.
Industry: Banking
Company Size: Enterprise (1,001+ employees)
Revenue: USD 1B+
Growth: Public Company
Valuation: Public Company (Market Cap in USD)
Funding: IPO / Publicly Listed
Headquarters: London, United Kingdom
Founded: 1865
Glassdoor
Glassdoor: 3.6
WebsiteLinkedIn