Legal Counsel

ittihad medical centre; Chicago (IL); On-site; USD 200,000 - 250,000; Full time

Benefits offered by this job

Discretionary bonus

Paid leave

Insurance

Job summary

IMC Trading is seeking a seasoned Legal Counsel to support all business lines, including trading in equity options, ETFs, futures, and prime brokerage relationships across the US and Europe.

You will negotiate ISDA Master Agreements, CSAs, and related documentation; advise on regulatory compliance, transaction reporting, and margin rules; and work with Risk and Treasury to translate complex legal issues for senior stakeholders.

Qualifications

• 8+ years of legal experience, with meaningful in-house experience at a large, complex organization.
• Strong background in both private practice and in-house environments within leading buy-side financial institutions, asset managers, or trading firms.
• Active bar membership and JD from an accredited law school.

Responsibilities

• Provide legal advice across the US and London / EUR markets across asset classes and topics, including prime brokerage arrangements, give-up agreements, securities lending, netting and collateral, capital and liquidity requirements, custody and clearing relationships, and reporting.
• Lead negotiations on ISDA Master Agreements, Credit Support Annexes, and related securities lending and repurchase documentation.
• Advise on regulatory compliance and implementation of key regulatory projects such as transaction reporting, clearing, and margin requirements.
• Collaborate with Risk, Treasury, and business support to communicate regulatory requirements and implementation impacts.

Skills

Legal expertise

Regulatory compliance

Contract negotiations

In-house experience

ISDA documentation

Education

Juris Doctor (JD)

Tools

ISDA Master Agreements

Credit Support Annexes

Job description

We're looking for a seasoned attorney to serve as Legal Counsel. This role is responsible for supporting all our business lines (e.g. trading in equity options, equities, ETFs, futures). This includes supporting all legal agreements and documentation related to our treasury function, prime brokerage arrangements, and clearing relationships.

Your Core Responsibilities

• Provide legal advice across the US and London / EUR markets across a wide array of asset classes and topics, including prime brokerage arrangements, give-up agreements, securities lending, netting and collateral, capital and liquidity requirements, custody and clearing relationships, and reporting
• Lead negotiations across all prime brokerage and OTC derivatives documentation including ISDA Master Agreements, Credit Support Annexes, and securities lending and repurchase documentation, as well as banking deposit agreements, account control agreements, letters of credit agreements, etc.
• Advise on regulatory compliance and implementation of key regulatory projects such as transaction reporting, clearing, and margin requirements, on cash equities, fixed income, options, futures, and derivatives
• Collaborate with Risk, Treasury, and business support, helping internal teams understand regulatory requirements and implementation impacts

Your Skills and Experience

• 8+ years of legal experience, with meaningful in-house experience at a large, complex organization
• Strong background in both private practice and in-house environments, ideally within leading buy-side financial institutions, asset managers, or trading firms
• Sound understanding of OTC derivatives, including deep familiarity with ISDA Master Agreements, Securities Lending Documentation, and related regulatory frameworks
• Proven track record managing large-scale, cross-functional projects from initiation through completion
• Strong business acumen and ability to translate complex legal issues into clear, actionable guidance for senior stakeholders
• Exceptional written and verbal communication skills
• D. from an accredited law school; active bar membership required

Skills & Attributes

• Highly organized with strong project management instincts — you don't just flag problems, you build systems to prevent them
• Comfortable operating with ambiguity and shifting priorities
• Collaborative and low-ego — you get things done through influence, not authority
• Discreet and trustworthy; able to handle sensitive information with professionalism
• Familiarity with legal operations tools and technology is a plus
• Willingness to promote opportunities to leverage AI tools and emerging technologies to enhance productivity, streamline workflows, and drive smarter ways of working across the Legal team and the organization

The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance.Please visit Benefits - US | IMC Trading for more comprehensive information.

Salary Range

$200,000—$250,000 USD

About Us

IMC is a global trading firm powered by a cutting-edge research environment and a world-class technology backbone. Since 1989, we’ve been a stabilizing force in financial markets, providing essential liquidity upon which market participants depend. Across our offices in the US, Europe, Asia Pacific, and India, our talented quant researchers, engineers, traders, and business operations professionals are united by our uniquely collaborative, high-performance culture, and our commitment to giving back. From entering dynamic new markets to embracing disruptive technologies, and from developing an innovative research environment to diversifying our trading strategies, we dare to continuously innovate and collaborate to succeed.