Senior Legal Counsel - Financial Services

Chicago, IL, United States

Marex is a diversified global financial services platform, providing essential liquidity, market access and infrastructure services to clients in the energy, commodities and financial markets.

The Group provides comprehensive breadth and depth of coverage across four core services: Market Making, Clearing, Hedging and Investment Solutions and Agency and Execution. It has a major franchise in many major metals, energy and agricultural products, executing around 50 million trades and clearing 205 million contracts in 2022. The Group provides access to the world's major commodity markets, covering a broad range of clients that include some of the largest commodity producers, consumers and traders, banks, hedge funds and asset managers.

Marex was established in 2005 but through its subsidiaries can trace its roots in the commodity markets back almost 100 years. Headquartered in London with 36 offices worldwide, the Group has over 1,800 employees across Europe, Asia and America.

For more information visit www.marex.com

Purpose of Role:

The Senior Legal Counsel (Financial Services) role is primarily responsible for advising senior management and working closely with compliance staff on projects relating to the operations of a multi-asset brokerage business, including a broker-dealer, FCM (futures commission merchant), registered swaps dealer, OTC (over-the-counter) energy brokering and others operating in North America.

Marex has unique access across markets with significant share globally both on and off exchange. The depth of knowledge amongst its teams and divisions provides its customers with clear advantage, and its technology-led service provides access to all major exchanges, order-flow management via screen, voice and DMA, plus award-winning data, insights and analytics.

The Legal Department supports functional areas across Marex with timely, focused, practical legal services.

Responsibilities:

Drive compliance with laws and regulations related to a multi-asset class financial services brokerage firm in the US, including the development, implementation, interpretation, and maintenance of operational policies and procedures.

Provide pragmatic advice and guidance on a variety of financial instruments including swaps related matters.

Partner with Compliance to create practical, compliant policies and procedures.

Partner with Client Services to create client facing documentation, including onboarding materials and client-facing agreements

Effectively and regularly report status of areas of responsibility to relevant internal stakeholders.

Monitor developments in swaps law areas in North America and proactively identify legal concepts the company needs to understand and apply into practice.

Distil complex legal issues into workable frameworks or reference guides for Compliance, Client Services, front-end stakeholders and senior management.

Work on special projects related to financial services law, which may include areas outside of North American jurisdiction. Collaborate on and contribute to other projects within the Legal Department as needed.

Ensuring compliance with the company's regulatory requirements under the SEC, FINRA, NFA, CFTC and other applicable exchanges.

Adhere to the operational risk framework for your role ensuring that all regulatory or company determined parameters are complied with.

Role model for demonstrating highest level standards of integrity and conduct and reflecting Company Values.

At all times complying with Marex's Code of Conduct To ensure that you are fully aware of and adhere to internal policies that relate to you, your role or any other activities for which you have any level of responsibility

To report any breaches of policy to Compliance and/ or your supervisor as required

To escalate risk events immediately

To provide input to risk management processes, as required.

The Company may require you to carry out other duties from time to time.

Competencies, Skills and Experience :

Competencies An approachable, collaborative, self-efficient team player who is a positive influence on the work environment.

Demonstrates curiosity and problem-solving ability.

Resilient in a challenging, fast-paced environment.

Ability to take a high level of responsibility in a fast pace and high-volume environment.

Excels at building relationships, networking and influencing others.

Strategic collaborator with insight and agility, able to anticipate future challenges, ensuring operational effectiveness.

Skills & Experience JD/LLM from an accredited US law school and admission to a state bar.

At least five to seven years' (5-7 years) experience practicing primarily in the financial services legal environment covering US and Canada.

Experience within broker-dealer, FCM (futures commission merchant), registered swaps dealer, OTC (over-the-counter) energy brokering and/or other financial services products operating in North America is required.

Experience or exposure to the swaps transactions (Commodities, interested rates, FX, Structures, Total Return, Synthetic ETFs) would be highly preferred.

Excellent verbal and written communication skills.

Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

Excellent verbal and written communication skills

Experience working in a regulated environment and knowledge of the risk and compliance requirements associated with this.

Marex's goal is to build and maintain a workforce that is diverse in experience and background but uniform in reflecting our standards of integrity and excellence. Consequently, our recruiting efforts reflect our desire to attract and retain the best and brightest from all talent pools. We want to be the employer of choice for prospective candidates. We encourage applications from candidates returning to the job market.

It is the policy of Marex to ensure equal employment opportunity without discrimination or harassment on the basis of race, color, religion, creed, age, sex, sex stereotype, gender, gender identity or expression, transgender, sexual orientation, national origin, citizenship, disability, marital and civil partnership/union status, pregnancy, veteran or military service status, genetic information, or any other characteristic protected by law.

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