Legal Counsel - OTC Derivatives

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.

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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.

• 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.

• 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.

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

Be collaborative - by working together across the…