Senior Legal Counsel – Derivatives & Prime Brokerage

IMC Trading; 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 in Chicago to support all business lines, including prime brokerage and treasury-related agreements. The role covers US and London/EUR markets across asset classes and requires strong negotiation and regulatory expertise.

You will lead ISDA Master Agreements negotiations, advise on regulatory matters, and collaborate with Risk and Treasury to implement compliance projects. A law degree and bar membership are essential.

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, 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.

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

Skills

Contract negotiations

Regulatory compliance

ISDA Master Agreements

Derivatives knowledge

Cross-functional collaboration

Stakeholder communication

Law degree

Education

Juris Doctor (JD)

Job description

IMC Trading is seeking a seasoned Legal Counsel in Chicago to support all business lines, including prime brokerage and treasury-related agreements. The role covers US and London/EUR markets across asset classes and requires strong negotiation and regulatory expertise.

You will lead ISDA Master Agreements negotiations, advise on regulatory matters, and collaborate with Risk and Treasury to implement compliance projects. A law degree and bar membership are essential.