Legal Counsel

IMC•Chicago, NY

19h

About The Position

We're looking for a seasoned attorney to serve as Senior 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.

Requirements

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
J.D. from an accredited law school; active bar membership required

Nice To Haves

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

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