Legal Counsel, osttra
Qualified Lawyer with UK & US Regulatory and Contracts Experience
Post-trade financial network
Be an early applicant
Post-trade financial network
501-1000 employees
Be an early applicant
501-1000 employees
Company mission
To bring together the expertise, processes and networks to solve the post-trade challenges of the global financial markets
Role
Who you are
- A qualified lawyer in the UK and/or US
- 3-4 years’ experience in a legal function at a regulated financial services firm (preferably a bank, brokerage house, exchange, and trading venue) or as a financial services lawyer at a law firm
- Have experience handling regulatory matters in the UK and US as well as some experience in drafting and negotiating contracts
- Service minded, solutions focused and responsive to the needs of the business
- Able to turnaround work quickly and accurately, within agreed deadlines
- Able to manage client and business expectations without significantly increasing legal and regulatory risks
- Able to learn quickly and work effectively in line with changing priorities
- Strong verbal/written communication and language competancy
- Able to work independently and exercise discretion when escalating issues
- Excellent organisational skills and attention to detail
What the job involves
- In this role, you will support the Optimisation Legal Division on regulatory matters, contracts, new initiatives and projects, and other generalist legal matters
- You will be a key partner to the Legal, Risk and Compliance (LRC) function as well as to the broader organisation
- We are a highly trusted and dynamic team that works in close partnership with the business to help achieve maximum results
- Together, we build, support, protect and manage high performance, resilient platforms. Our services are vital to financial institutions around the global, managing peak volumes and working with customers and regulators to ensure the efficient management of risk and effective operation of global capital markets
- You will have the opportunity to work in a dynamic environment and be part of a global, highly matrixed team that provides crucial support to OSTTRA. There will be multiple opportunities for you to develop your skills and grow in your role
- This role reports into the Head of Legal & Regulatory for Optimisation based in
- Serve as a key member of the Optimisation legal team and provide timely and commercially driven advice to the sales, product and business management teams within the Optimisation Division
- Draft and negotiate client contracts, information security addendums, service contracts, CCP contracts, licensing and data contracts, confidentiality contracts, intragroup agreements and other commercial contracts
- Draft new contracts or update existing contracts to provision for new products or functionalities and/or to safeguard against new risks
- Draft fee letters for bespoke fee arrangements
- Develop and update contracts in response to changing market practices
- Develop and maintain playbooks and sales guidance; and
- Proactive and open to feedback where improving and simplifying contracts and contracting approach are concerned
- Working collaboratively with other members within the Legal, Risk & Compliance function based in London, Stockholm, India, Penang, New York and Israel on topical or jurisdictional matters
- Assist with other generalist legal work within the division or within the wider organisation
Our take
OSTTRA, a collaborative venture between financial powerhouses CME Group and IHS Markit, stands as a leading post-trading and optimisation platform, revolutionising workflow efficiency, connectivity, and risk management for trading market participants.
With equal ownership split between the two industry giants, OSTTRA's co-CEOs leverage their complementary expertise to streamline focus and responsibility. One spearheads portfolio and sales team oversight, while the other drives business strategy, operations, and technology functions, embodying the balanced leadership ethos mirrored in the company's ownership structure.
Established in 2021, OSTTRA may be young, yet the seasoned backgrounds of its founders, hailing from prestigious institutions like JP Morgan, TriOptima, and Reset, ensure a formidable network and industry insight from the outset.
Steph
Company Specialist at Welcome to the Jungle
Insights
20% employee growth in 12 months
Company
Company benefits
- Health & Wellness: Health care coverage designed for the mind and body
- Flexible Downtime: Generous time off helps keep you energized for your time on
- Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills
- Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company-matched student loan contribution, and financial wellness programs
- Family Friendly Perks: It’s not just about you. S&P Global has perks for your partners and little ones, too, with some best-in class benefits for families
- Beyond the Basics: From retail discounts to referral incentive awards—small perks can make a big difference
Company HQ
Spitalfields, London, UK
Leadership
John Stewart
(Co-CEO)Previously Senior Vice President at IHS Markit, Head of Transformation at UBS and Board Member at Euroclear.
Guy Rowcliffe
(Co-CEO)Previously Global Head of Optimization Services and Head of Asia Pacific for CME Group.
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