IMC

Legal Counsel

IMC • $200K — $250K *
Chicago, IL 60629In-Person
Legal & Accounting
8 - 10 years of experience
Today
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Job Overview by Ladders

Qualifications

  • 8+ years of legal experience, preferably in a large, complex organization
  • Extensive background in both private practice and in-house roles, especially within financial institutions
  • Strong knowledge of OTC derivatives and ISDA Master Agreements
  • Proven ability to manage cross-functional projects effectively
  • Solid business acumen with a knack for simplifying complex legal concepts for senior stakeholders
  • Exceptional written and verbal communication skills
  • J.D. from an accredited law school with active bar membership

Responsibilities

  • Provide legal advice across US and European markets for various asset classes
  • Lead documentation negotiations for prime brokerage and OTC derivatives
  • Advise on regulatory compliance and implementation of regulatory projects
  • Collaborate with internal teams to navigate regulatory requirements
  • Assist in understanding impacts of regulations on business operations

Benefits

  • Eligible for discretionary bonus and benefits
  • Includes paid leave and insurance options
  • Access to legal operations tools and technology
  • Opportunities to leverage AI tools to improve productivity
  • Supportive collaborative work environment
Full Job Description
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.

Your Core 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

Your Skills and Experience:
  • 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

Skills & Attributes:
  • 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


The Base Salary range for the role is included below. Base salary is only one component of total compensation; all full-time, permanent positions are eligible for a discretionary bonus and benefits, including paid leave and insurance. Please visit Benefits - US | IMC Trading for more comprehensive information.

Salary Range

$200,000-$250,000 USD

About IMC

IMC Financial Markets, sometimes referred to as IMC Trading, is a proprietary trading firm and market maker for various financial instruments listed on exchanges throughout the world. Founded in 1989 as International Market makers Combination, the company employs over 1100 people and has offices in Amsterdam, Chicago, Sydney, Hong Kong and Mumbai. IMC is a technology-driven trading firm active in over 100 trading venues throughout the world and offering liquidity to over 200,000 securities. IMC makes markets in the major exchange-traded instruments – equities, bonds, commodities, and currencies – on 100 exchanges worldwide and is a significant liquidity provider on the NYSE Arca, NASDAQ, CBOE, BATS, and CME exchanges.
Learn more about IMC
Industry
Finance & Insurance
* Ladders Estimates

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