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Legal Counsel (Derivatives / Trading Lawyer)

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M&G plc

18d ago

  • Job
    Full-time
    Senior Level
  • Legal
  • London
  • Quick Apply

AI generated summary

  • You must have 6+ years PQE in derivatives/trading, buy-side experience, regulatory knowledge (MiFID II, EMIR, SFTR), strong drafting skills, and be a qualified lawyer with a common law qualification.
  • You will negotiate trading documentation, support product design, advise on regulatory changes, and assist in implementing trading strategies and strategic projects.

Requirements

  • 6+ years PQE working in the derivatives/trading team of a law firm and/or in-house team with demonstrable experience drafting and negotiating derivatives trading documentation to support trading strategies for private assets, liquid and illiquid funds
  • Buy-side experience of guiding and advising the business on appropriate trading strategies, eligible instruments and managing sell-side counterparty expectations
  • An understanding of the asset management business/value chain and the relevant regulatory framework applicable to asset managers (in particular MiFID II, EMIR and SFTR)
  • Ability to build and develop relationships with key internal stakeholders
  • Proficiency in English essential (contract negotiation level)
  • Experience in cross-border derivatives transactions
  • An understanding of fund structures and fund documentation, preferably across various jurisdictions (specifically UK, Luxembourg and Ireland), desirable but not essential
  • Experience working with and managing external counsel in a multi-jurisdictional context
  • Strong drafting and analytical skills and excellent attention to detail, sound judgement and is decisive
  • A willingness to challenge/debate and offer own views
  • Tenacious, willing to go beyond the job description
  • Transparent and a good communicator. Works most effectively when collaborating within the team and across other functions
  • Resilience and strength of character that enables effective communication across all levels of the organisation
  • Strong organisational skills
  • Flexible with the ability to adapt to changing priorities and fluid deadlines.
  • Qualified lawyer
  • Strong academic background
  • Qualification in a common law jurisdiction

Responsibilities

  • The core responsibility of the role will be to negotiate and deliver trading documentation but the successful candidate will also work closely with product and investment teams as part of the design and structuring of new product offering, providing strategic legal advice and pragmatic trading solutions to help deliver the trading investment strategy for clients.
  • The role encompasses trading strategy design and implementation, drafting and negotiating derivatives trading documentation (ISDAs, GMRAs, Stock Lending Agreements, Master Netting Agreements and Broker Terms) and related documentation, advising on assisting with implementation of regulatory change and supporting the company’s strategic projects.

FAQs

What is the main purpose of the Legal Counsel (Derivatives / Trading Lawyer) role at M&G?

The main purpose of the role is to negotiate and deliver trading documentation, work closely with product and investment teams on the design and structuring of new product offerings, and provide strategic legal advice to support trading investment strategies for clients.

How many years of experience is required for this position?

A minimum of 6 years of post-qualification experience (PQE) is required, specifically in the derivatives/trading team of a law firm or in-house team.

What experience do I need related to derivatives trading documentation?

The candidate should have demonstrable experience in drafting and negotiating derivatives trading documentation, such as ISDAs, GMRAs, and Stock Lending Agreements, to support trading strategies for both private and liquid/illiquid funds.

Is there flexibility in working arrangements for this position?

Yes, M&G offers flexible working arrangements for this role, along with workplace accommodations to support effective work delivery.

What are the key responsibilities of this role?

Key responsibilities include drafting and negotiating trading documentation, advising on regulatory change implementation, and supporting the company’s strategic projects.

Do I need to have experience with regulatory frameworks?

Yes, an understanding of the relevant regulatory frameworks applicable to asset managers, particularly MiFID II, EMIR, and SFTR, is essential.

Are cross-border experience and understanding fund structures important for this role?

While cross-border derivatives transactions experience and an understanding of fund structures and documentation are preferred, they are not strictly required for the position.

What personal qualities are essential for this Legal Counsel role?

Essential personal qualities include strong drafting and analytical skills, resilience, effective communication, organizational skills, adaptability, and a willingness to engage in constructive debate.

Is there a specific academic qualification required for this role?

Yes, a qualification as a lawyer is essential along with a strong academic background.

Does M&G support diversity and inclusion in the workplace?

Yes, M&G is committed to building a diverse workforce and inclusive culture and welcomes applications from individuals of all backgrounds, including those with disabilities and long-term health conditions.

Finance
Industry
5001-10,000
Employees
1901
Founded Year

Mission & Purpose

M&G plc is an international savings and investments business, managing money for around 5 million retail customers and more than 800 institutional clients in 28 markets. As at 30 June 2022, we had £348.9 billion of assets under management and administration. Our purpose is to help people manage and grow their savings and investments, responsibly. With a heritage dating back more than 170 years, M&G plc has a long history of innovation in savings and investments, combining asset management and insurance expertise to offer a wide range of solutions. We serve our retail and savings customers under the M&G Wealth and Prudential brands in the UK and Europe, and under the M&G Investments brand for asset management clients globally.