Associate General Counsel

P2P; Greater London; On-site; GBP 120,000 - 210,000; Full time

Job summary

DRW, a leading trading firm, seeks an Associate General Counsel to support its London trading businesses and treasury management. You will draft, review and negotiate ISDA Master Agreements, Credit Support Annexes, GMRA, GMSLA and related master confirmations to enable efficient, compliant execution.

You will advise internal teams from initial discussions through execution and post‑execution support, lead negotiations with counterparties, and coordinate with external counsel and internal subject

Qualifications

• At least 5 years of experience as a practicing lawyer in the UK focusing on derivatives.
• Strong familiarity with ISDA Master Agreements, including related docs (GMRA, GMSLA, CSAs).
• Knowledge of electronic trading and related documentation.
• Experience negotiating derivatives and trading documentation with various entity types.
• Ability to work independently in a fast-paced environment and meet tight timelines.

Responsibilities

• Draft, review and negotiate ISDA Master Agreements, including CSAs and master confirmations, GMRA, GMSLA and related agreements.
• Advise internal business teams from initial discussions through execution and post-execution support.
• Lead legal negotiations with counterparties and coordinate with internal subject matter experts, support groups and outside counsel.

Skills

Derivatives contracts

ISDA Master Agreements

GMRA/GMSLA knowledge

Contract negotiation

Electronic trading

Job description

DRW is a diversified trading firm with over 3 decades of experience bringing sophisticated technology and exceptional people together to operate in markets around the world. We value autonomy and the ability to quickly pivot to capture opportunities, so we operate using our own capital and trading at our own risk.

Headquartered in Chicago with offices throughout the U.S., Canada, Europe, and Asia, we trade a variety of asset classes including Fixed Income, ETFs, Equities, FX, Commodities and Energy across all major global markets. We have also leveraged our expertise and technology to expand into three non-traditional strategies: real estate, venture capital and cryptoassets.

We operate with respect, curiosity and open minds. The people who thrive here share our belief that it’s not just what we do that matters–it's how we do it. DRW is a place of high expectations, integrity, innovation and a willingness to challenge consensus.

We are seeking an Associate General Counsel to support DRW’s trading businesses and treasury management function in our London office.

Core Duties:

• Draft, review and negotiate ISDA Master Agreements, including Credit Support Annexes and master confirmations, Global Master Repurchase Agreements (GMRA), Global Master Securities Lending Agreements (GMSLA), Master Give-Up Agreements, prime brokerage agreements, portfolio margining agreements, custody agreements and master confirmations
• Advise internal business teams from initial discussions through documentation, execution and ongoing post-execution support
• Lead legal negotiations with counterparties and coordinate with internal subject matter experts, support groups and outside counsel

Required Skills & Experience:

• At least 5 years of experience as a practicing lawyer in the UK with a focus on derivatives
• Strong familiarity with ISDA Master Agreements, including Credit Support Annexes, Global Master Repurchase Agreements (GMRA), Global Master Securities Lending Agreements (GMSLA), prime brokerage agreements, portfolio margining agreements, custody agreements and master confirmations
• Knowledge of electronic trading and associated documentation
• Experience negotiating derivatives and trading documentation with a range of entity types
• Must be comfortable working independently in a fast-paced environment and on tight timelines
• Ability to effectively communicate at all levels of the firm and across all functional groups

Preferred Skills & Experience:

• Buy-side experience is preferred but not required
• Experience with digital assets and/or EFETs for physical gas trading is preferred but not required

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