Legal Counsel - Derivatives

You will support the derivatives business, with a focus on OTC derivatives and traditional financial markets. You will draft and negotiate derivatives and financial-infrastructure agreements, work directly with counterparties and their counsel, research regulatory requirements across jurisdictions, and provide practical commercial legal advice. You will also contribute to other legal projects where needed.

Responsibilities

• Draft and negotiate derivatives documentation, including ISDA Master Agreements, credit support documentation, and trade confirmations.
• Negotiate financial infrastructure agreements, including tri-party custody and collateral, prime brokerage, and clearing documentation.
• Coordinate stakeholder input and drive contracts to completion.
• Negotiate directly with counterparties and their counsel.
• Conduct legal and regulatory research on trading products and jurisdictions.
• Work with external advisors to define legal and regulatory requirements.
• Provide practical, commercially focused legal advice.
• Contribute to legal projects outside OTC derivatives as required.

Requirements

• Be qualified as a lawyer in England and Wales, or hold an equivalent common-law qualification.
• Have approximately 3–5 years of post-qualification experience as a derivatives lawyer.
• Have training at a leading international firm with a recognised derivatives practice; experience in-house at a bank, broker-dealer, hedge fund, or trading firm is preferred.
• Negotiate English and New York law ISDA Master Agreements and related credit support documents.
• Document OTC derivatives transactions, including swaps, options, and forwards, across asset classes.
• Be familiar with securities lending and repurchase master trading documentation.
• Have experience with prime brokerage, custody, clearing, or other financial infrastructure documentation.
• Work effectively under tight deadlines.
• Understand regulatory frameworks applicable to OTC derivatives across jurisdictions.

Benefits

• Flexible working from home and working hours.
• Frequent team meals, holiday celebrations, gaming events, and company-wide outings.
• Free food and office amenities including table tennis, foosball, and games.
• Pension.
• Private health insurance.
• UK work permits.
• Relocation support.