REQUIREMENTS:

• UK-qualified lawyer with extensive experience in institutional finance and prime brokerage.
• Proven track record working with Prime Brokerage, POP, Agency, give-up deals.
• Deep understanding of FCA regulations and experience securing/maintaining an FCA brokerage license.
• Experience structuring complex institutional agreements with hedge funds, institutional brokers, and counterparties.
• Prior exposure to ICMA and institutional market practices.
• Established network within institutional finance and brokerage sectors in the UK.
• Strong negotiation skills and ability to manage long, complex deal structuring processes.
• Experience working within an institutional trading environment (exposure to liquidity providers, institutional brokers, and hedge funds preferred).

ABOUT THE ROLE:

We are building a dedicated Institutional Liquidity Team and expanding our client’s legal department into specialized streams. As part of this initiative, we are seeking a highly skilled Institutional Legal Counsel based in the UK to support our institutional business and oversee key legal and regulatory aspects. This role will play a crucial role in securing and maintaining our FCA brokerage license, structuring institutional deals, and ensuring full compliance with regulatory requirements.

KEY RESPONSIBILITIES:

• FCA Brokerage License Management – Lead the process of acquiring or applying for an FCA brokerage license, ensuring full regulatory compliance.
• Institutional Contract Negotiation – Handle the structuring and negotiation of complex agreements with institutional clients (hedge funds, prime brokers, institutional counterparties).
• Product Governance – Ensure the full regulatory compliance and legal structuring of new products, such as DMA futures, including program documentation, contract frameworks, and risk mitigation.
• Collaboration with AML & MLRO Teams – Work closely with internal compliance teams to oversee regulatory obligations related to AML, risk assessment, and reporting.
• FCA Communication & Regulatory Oversight – Monitor and coordinate all interactions with the Financial Conduct Authority (FCA), including regulatory updates and compliance submissions.
• Marketing Compliance Review – Ensure all marketing materials and institutional communications align with FCA and industry regulatory standards.
• PB Relationships & Institutional Deal Structuring – Support and manage legal frameworks for Prime Brokerage (PB) relationships, POP, Agency, and give-up deals.
• Industry Representation & Networking – Leverage an existing network in the institutional space, ideally with exposure to ICMA (International Capital Market Association).