Legal Counsel

IMC; Chicago, New York (IL, NY); On-site; USD 200,000 - 250,000; Full time

Job summary

IMC is seeking a seasoned attorney to serve as Legal Counsel to support all business lines including trading in equity options, equities, ETFs, futures.

You will advise on prime brokerage, ISDA Master Agreements, securities lending, regulatory reporting, and risk-mitigating contracts across US and London markets. The role calls for 8+ years of experience, a JD, and active bar membership, with a collaborative, high-performance culture.

Qualifications

• 8+ years of legal experience, with meaningful in-house experience.
• Strong background in both private practice and in-house environments.
• Deep familiarity with OTC derivatives and related regulatory frameworks.
• Proven track record managing large cross-functional projects.
• Ability to translate complex legal issues for senior stakeholders.
• Exceptional written and verbal communication.
• Active bar membership required.

Responsibilities

• Provide legal advice across US and London/EUR markets on asset classes and documentation.
• Lead negotiations on prime brokerage and OTC derivatives agreements.
• Advise on regulatory compliance and key regulatory projects.
• Collaborate with Risk, Treasury, and business support teams.

Skills

ISDA Master Agreements

Securities Lending Documentation

OTC Derivatives

Regulatory Compliance

Project Management

Executive Communication

In-house Experience

Education

Juris Doctor (JD) from accredited law school

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.

At IMC, we understand the importance of diversity, equity and inclusion, and are committed to continually improving this in our recruitment process. As part of our commitment, we have added an additional question below, to better understand our candidates, and focus our marketing, sourcing and interviewing efforts, to ensure equitable outcomes. This question is voluntary, and the information you provide will only be used for the purpose stated above and will not be shared with interviewers in the application process. If you do not wish to provide a response to the question, there will be no adverse impact on your application.