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Marex

OTC Derivatives - Legal Counsel

Sorry, this job was removed at 12:38 p.m. (GMT) on Tuesday, Dec 17, 2024
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London, Greater London, England
In-Office
London, Greater London, England

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About Marex

Marex Group plc is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets. It listed on Nasdaq Global Select Market in April 2024. With more than 35 offices in Europe, US and APAC, it 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 www.marex.com

Role Summary

To assist the Legal team with management of legal risk arising from the Marex Solutions OTC derivatives business and advise the business directly on legal and regulatory issues that impact OTC derivatives.

Responsibilities

The duties of the role will include (but not be limited to) the following:

  • Drafting and negotiating various trading agreements including ISDA, CSA, GMRA, GMSLA and Confirmations.
  • Providing advice directly to the desk on queries and disputes arising from OTC transactions.
  • Reviewing contractual rights in the context of day-today operations and in stress and close-out situations.
  • Reviewing viability of new product types and structures and the legal issues arising therefrom.
  • Review of jurisdictional requirements for cross-border activity the business wish to undertake.
  • Liaising with external and internal stakeholders and clients, both in the UK and overseas (including external counsel, the internal trading desk, other control and support departments and various agents).
  • Assisting the Legal department with other urgent or ad hoc matters from time to time.

Competencies

  • Excellent verbal and written communication skills
  • Act with honesty and integrity when dealing with internal and external parties
  • Proactive and forward thinking
  • A collaborative team player, approachable, self-efficient and influences a positive work environment
  • Ability to take a high level of responsibility in a fast pace and high-volume environment
  • Excels at building and maintaining relationships, networking and influencing others
  • Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness
  • Demonstrates curiosity
  • Resilient in a challenging, fast-paced environment
  • Excels at building relationships, networking and influencing others
  • Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness

Skills and Experience

  • A Qualified Lawyer with suitable post-qualification experience of up to 1 year*, ideally with experience of working in-house;
  • A strong and broad understanding of financial markets and products;
  • Derivatives experience within any product group is essential; experience with or understanding of structured products is a plus;
  • Excellent organisation skills; Good written and oral communication skills; Ability to present complex issues concisely and clearly to the business;
  • Intellectually curious and keen to learn about new products and legal structures;
  • Strong attention to detail and accuracy;
  • Good team player;
  • Flexible (i.e.: ability to adapt to change/approach to work, ability to multi-task);
  • Able to work well under pressure;
  • Excellent time management skills and ability to work to strict deadlines
  • 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

Acting as a role model for the values of the Company:

Respect - Clients are at the heart of our business, with superior execution and superb client service the foundation of the firm. We respect our clients and always treat them fairly.

Integrity- Doing business the right way is the only way. We hold ourselves to a high ethical standard in everything we do – our clients expect this and we demand it of ourselves.

Collaborative- We work in teams - open and direct communication and the willingness to work hard and collaboratively are the basis for effective teamwork. Working well with others is necessary for us to succeed at what we do.

Developing our People- Our people are the basis of our competitive advantage. We look to “grow our own” and make Marex the place ambitious, hardworking, talented people choose to build their careers.

Adaptable and Nimble- Our size and flexibility is an advantage. We are big enough to support our client’s various needs, and adaptable and nimble enough to respond quickly to changing conditions or requirements. A non-bureaucratic, but well controlled environment fosters initiative as well as employee satisfaction.

*candidates outside of the indicated range will also be considered

Marex is fully committed to the elimination of unlawful or unfair discrimination and values the differences that a diverse workforce brings to the company.

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