Legal Counsel - OTC Derivatives

Job description

About Marex Marex Group plc (NASDAQ: MRX) is a diversified global financial services platform providing essential liquidity, market access and infrastructure services to clients across energy, commodities and financial markets. The group provides comprehensive breadth and depth of coverage across four core services: clearing, agency and execution, market making, and hedging and investment solutions. It has a leading franchise in many major metals, energy and agricultural products, with access to 60 exchanges. The group provides access to the world’s major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers. With more than 40 offices worldwide, the group has over 2,300 employees across Europe, Asia and the Americas. Marex has unique access across markets with significant share globally both on and off exchange. The depth of knowledge amongst its teams and divisions provides its customers with clear advantage, and its technology-led service provides access to all major exchanges, order-flow management via screen, voice and DMA, plus award-winning data, insights and analytics. For more information visit Role Summary 1. Assisting the Head of Solutions and Capital Markets Legal with management of legal risk arising from the Marex Solutions OTC derivatives business. 2. Advising the business directly on legal and regulatory issues that impact OTC derivatives. Responsibilities Advising the Marex Solutions division in developing and structuring its OTC derivatives businesses in accordance with legal and regulatory requirements, and ownership of the overall legal strategy. Reviewing viability of new product types and structures (across all asset types, including crypto) and the legal issues arising therefrom. Maintaining templates for and drafting and negotiating various trading agreements including ISDA, CSA, GMRA, GMSLA and associated confirmations. Reviewing contractual rights in the context of day-today operations and in stress and close-out or contentious situations and providing advice directly to the desk on disputes and queries. Review of jurisdictional requirements for cross-border activity the division wishes to undertake. Liaising with external and internal stakeholders and clients, both in the UK and overseas (including external counsel, the internal trading desks, other control and support departments and various agents). Research into UK and overseas regulatory developments affecting the Marex Group and reporting/advising on regulatory developments Assisting the Legal department with other urgent or ad hoc matters from time to time. Skills and Experience A Qualified Lawyer with suitable post-qualification experience of 5+ years, ideally with experience of working in-house; A strong and broad understanding of financial markets and products; Ability to build trusted relationships with senior stakeholders, present complex issues concisely and clearly to the business and provide clear, pragmatic legal advice that supports commercial objectives; Intellectually curious and keen to learn about new business lines and legal structures; Strong attention to detail and accuracy, good team player, flexible; Excellent time management skills and ability to work well under pressure; Strong academic results, including 2.1 or above at degree level. Conduct Rules You must: Act with integrity Act with due skill, care and diligence Be open and cooperative with the FCA, the PRA and other regulators Pay due regard to the interests of customers and treat them fairly Observe proper standard of market conduct Act to deliver good outcomes for retail customers Company Values Be collaborative - by working together across the organisation, we foster teamwork, can better respond to challenges and successfully deliver for our clients Act with integrity - we pride ourselves on our honesty and high ethical standards. We apply these values when working with all our clients, colleagues and other stakeholders Be adaptable and entrepreneurial - we embrace change as markets evolve to constantly increase our efficiency and create innovative solutions for our clients. We are interested in the world around us and inquisitive about understanding the challenges and opportunities our clients face. Be respectful – how we treat each other, and our clients says everything about who we are. We always act respectfully and treat people fairly in everything we do. Nurture talent – we aim to grow our own talent and make Marex the place ambitious, hardworking and talented people choose to build their career. This means giving and taking stretch opportunities, taking risks, and committing to career development and support – for ourselves, and our teams. Marex is fully committed to being an inclusive employer and providing an inclusive and accessible recruitment process for all. We will provide reasonable adjustments to remove any disadvantage to you being considered for this role. We value the differences that a diverse workforce brings to the company. We welcome applications from candidates returning to the workforce. Also, Marex is committed to avoiding circumstances in which the appearance or possibility of conflicts of interest may exist within the hiring process. 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