Senior Legal Counsel Senior Legal Counsel …

Flow Traders
in Amsterdam, Noord-Holland, Netherlands
Permanent, Full time
Last application, 04 Aug 21
Competitive compensation package
Flow Traders
in Amsterdam, Noord-Holland, Netherlands
Permanent, Full time
Last application, 04 Aug 21
Competitive compensation package
Posted by:
Georgiana Luncanu • Recruiter
Flow Traders
Posted by:
Georgiana Luncanu
Flow Traders is looking for a Senior Legal Counsel Financial Markets to join our Legal team in Amsterdam. The ideal candidate is a fast learner who enjoys becoming an expert in a short time frame and is detail-oriented, flexible and proactive. This is a unique opportunity to join a leading proprietary trading firm with an entrepreneurial and innovative culture at the heart of its business. We value quick-witted, creative minds and challenge them to make full use of their capacities. If you aim high, the sky is the limit!

What you will do

As a Legal Counsel at Flow Traders, you will be deeply embedded into the business. You will gain extensive knowledge of our core business by partnering with key business units in Trading and Technology. You will also be in close contact with our Risk, Compliance and Business Development teams in Amsterdam as well as in New York, London, Milan, Paris, Singapore, Hong Kong and Cluj-Napoca.

In the first weeks you will be given the opportunity to understand the different parts of the company through our Flow Academy onboarding sessions. You will also see a variety of legal agreements ranging from authorized participant and market maker agreements to broker agreements. After a short period of time, you will be expected to work independently on reviewing and negotiating the agreements. You will be given the opportunity to deliver pragmatic and effective advice and solutions to the business directly yourself and work independently.

Your responsibilities will include:

  • Negotiation / drafting / reviewing and advising on a wide variety of topics / legal agreements ranging from:
    • Legal aspects regarding the onboarding of counterparties (terms of business and other documentation)
    • Exchange membership and platform access documentation
    • Issuer documentation such as authorized participant agreements, prospectuses and market making agreements
    • Brokerage, clearing, ISDA, (reverse)give-up agreements and other types of financial and trading agreements
  • Collaborating and building strong working relationships with Trading, Technology, Risk and Operations, Regulatory Compliance and business development departments
  • Co-developing standard operating procedures, templates and policies for the Legal Department

A day in the life

The morning starts with catching up on e-mails that came in overnight from our offices in New York, London, Singapore and Hong Kong and some early emails that came in from our other European offices; these offices may need your legal assistance reviewing documentation and/or requesting specific advice for their business needs.

The rest of the day is different every day; one day you may be working on an authorized participant agreement and platform access documentation. Another day you may be reviewing a prime broker agreement, (reverse) give-up agreement and terms of business for the onboarding of counterparties and alike.

Before you start your review, you will have a chat with the relevant department(s) to clarify what type of relationship we, as Flow Traders, anticipate to set up, what the commercial drivers are and what the impact on the business is. You discuss with the business owner how to take this mutual work product forward. You have autonomy to guide that process in a manner that you feel is most efficient. This may be by setting up a call with the counterparty together with Trading, Risk or business development teams or any other way to get the envisaged relationship to the finish line.

In non-Covid-19 times, you may head to the gym or walk to the bar and have a drink or play some pool with your colleagues. Currently, these activities have been replaced by virtual team drinks, company-wide bingo, virtual cocktail sessions and many more.

What you need to succeed

  • 5+ years of experience at an international law firm or relevant industry experience at a financial markets / legal finance team of a bank / trading firm / investment firm may also be considered
  • Dutch or British Law Degree
  • Affinity with financial markets
  • Big plusses are knowledge:
    • of the financial market ecosystem and the role of the various player in it (CCPs, various types of platforms, clearing and settlement process, etc) in general; and
    • of the ETP/ETF ecosystem
  • Experience in negotiation of finance documentation / financial markets and/or trading documentation
  • Excellent attention to detail
  • A proactive and flexible personality
  • Proven analytical skills and the ability to translate between legal, commercial / technical implications quickly without being affected by (time) pressure
  • A fast learner that enjoys becoming an expert in a short time frame
  • A detail oriented, flexible and proactive personality
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