JPMorganChase
Futures Execution & Derivatives Clearing Lawyer – Vice President
Be an Early Applicant
Advises JPMorgan’s EMEA futures, options, and cleared derivatives business on complex documentation, clearing structures, margin, collateral, segregation, default scenarios, legal opinions, and regulatory issues. Drafts and negotiates client agreements, give-up documentation, and cleared OTC derivatives contracts; coordinates approvals and escalations; engages clients and counsel; assesses risks; and mentors junior lawyers.
JPMorgan’s Futures Execution & Derivatives Clearing Legal team is seeking a Vice President-level lawyer to act as a trusted advisor to the EMEA Futures Execution & Derivatives Clearing business, with a particular focus on drafting and negotiating complex clearing and futures & options documentation, and on providing structured, opinion-led legal analysis across the clearing model and client documentation suite.
As a Futures Execution & Derivatives Clearing Lawyer – Vice President in Markets Legal Practice department you will support the Futures & Options and cleared derivatives business, advising on execution, clearing and give-up arrangements and the related client-facing contractual framework (including futures and options client documentation and cleared OTC derivatives documentation). You will have the ability to interpret and apply legal opinions (including netting, collateral and CCP opinions) and to translate complex clearing structures into clear escalation recommendations and contractual positions.
Job responsibilities
- Drafting, negotiating and advising on documentation for futures and options and derivatives clearing relationships, including (as relevant) futures and options client agreements, give-up documentation, and cleared OTC derivatives documentation.
- Providing legal support across the clearing model and trade lifecycle, including margin and collateral mechanics, segregation/account models (e.g., omnibus vs individually segregated structures and related operational/legal consequences) and default scenario analysis.
- Leading and coordinating internal approvals (including escalations) and ensuring deviations from templates are appropriately risk-assessed, approved, and recorded.
- Client and external counsel engagement, including explaining, negotiating and defending contractual positions with clients and their counsel, and driving negotiations to execution with a clear audit trail.
- Advising on regulatory and structural issues affecting the documentation suite - including where relevant clearing rule sets and CCP documentation considerations.
- Mentoring and providing oversight on complex or sensitive matters for more junior members of the team, ensuring consistency with the team’s playbook approach and approvals framework.
- Interpreting and assessing legal opinions including but not limited to netting, collateral and CCP opinions (see specialist focus below).
- Providing legal support and advice in relation to industry developments and assessing new clearing models (e.g. the FIA-sponsored European Agent Trustee Model (EATM)).
- Being comfortable operating with a high degree of autonomy in technical analysis, particularly where the answer depends on careful reading of legal opinions and their assumptions/qualifications and on mapping those conclusions onto the firm’s templates and client mark-ups.
- interpret netting opinion concepts and limitations as they apply to clearing documentation structures and default mechanics; interpret collateral opinion conclusions (including security interest vs title transfer analyses);
- analyse CCP opinion style issues (including close-out netting/set-off enforceability, account segregation impacts, collateral characterisation and default/resolution interference risk) and reflect that analysis in internal risk articulation.
Required Qualifications, Skills and Capabilities
- Qualified lawyer - minimum PQE 5 years.
- Significant post-qualification experience in financial markets/trading legal work, with strong evidence of independently managing complex negotiations and stakeholders.
- Clearing and futures & options documentation experience mandatory.
- Demonstrable experience working with legal opinions (netting/collateral/CCP or equivalent).
- Excellent drafting and negotiation skills, with the ability to explain complex concepts clearly and pragmatically to business stakeholders and counterparties.
- Strong technical legal analysis and attention to detail, with sound judgement on when to escalate and how to articulate “what is the risk” in a way that supports decision-making.
- Commercial approach and ability to prioritise while running multiple matters in parallel.
We recognize that our people are our strength and the diverse talents they bring to our global workforce are directly linked to our success. We are an equal opportunity employer and place a high value on diversity and inclusion at our company. We do not discriminate on the basis of any protected attribute, including race, religion, color, national origin, gender, sexual orientation, gender identity, gender expression, age, marital or veteran status, pregnancy or disability, or any other basis protected under applicable law. We also make reasonable accommodations for applicants’ and employees’ religious practices and beliefs, as well as mental health or physical disability needs. Visit our FAQs for more information about requesting an accommodation.
Our professionals in our Corporate Functions cover a diverse range of areas from finance and risk to human resources and marketing. Our corporate teams are an essential part of our company, ensuring that we’re setting our businesses, clients, customers and employees up for success.
With large, global operations, the Legal team tackles complex issues and helps shape the regulations that affect the businesses. The group is organized into practice groups that align with the lines of business and corporate staff areas, which encourages collaboration on legal, regulatory and business developments as they arise.
JPMorganChase London, England Office
25 Bank Street, Canary Wharf, London, United Kingdom, E14 5JP
Similar Jobs
.png)
eCommerce • Fintech • Hardware • Payments • Software • Financial Services
As an Enterprise Account Executive, you will manage high-value deals throughout the sales process, collaborate with technical teams, and represent the company to executive clients, all while developing relationships and strategies to drive enterprise sales success.
Top Skills:
Api IntegrationsFintechSaaS
eCommerce • Fintech • Hardware • Payments • Software • Financial Services
As a Business Development Rep Associate, build the Sales Development organization by reaching out to prospective sellers through cold calling, emailing, and social selling, promoting Square's value, and managing a diverse pipeline to accelerate sales cycles.
Consumer Web • Information Technology • Mobile • Music • News + Entertainment • Software
The Creative Director will set Tidal’s creative vision and quality standards across its brand and product ecosystem. Responsibilities include developing brand platforms and campaigns, repositioning the brand, maintaining creative consistency, shaping briefs, directing multidisciplinary creative partners, and collaborating with marketing, product, and partnerships leaders. This is an individual contributor role that leads project teams while remaining hands-on in creative direction and execution.
What you need to know about the London Tech Scene
London isn't just a hub for established businesses; it's also a nursery for innovation. Boasting one of the most recognized fintech ecosystems in Europe, attracting billions in investments each year, London's success has made it a go-to destination for startups looking to make their mark. Top U.K. companies like Hoptin, Moneybox and Marshmallow have already made the city their base — yet fintech is just the beginning. From healthtech to renewable energy to cybersecurity and beyond, the city's startups are breaking new ground across a range of industries.
