About the Role
We are recruiting a Derivatives / Trading Lawyer to join the Life Legal team within M&G. This role offers an opportunity to grow and develop investment legal skills as a fully embedded member of the Life Legal team, supporting the need for trading legal specialists.
Responsibilities
- Negotiate and deliver trading documentation.
- Work closely with Life and asset management investment teams, operations experts, and compliance and risk colleagues to provide strategic legal advice and pragmatic trading solutions.
- Support trading strategy design and implementation.
- Draft and negotiate derivatives trading documentation (ISDAs, GMRAs, Stock Lending Agreements, Master Netting Agreements and Broker Terms) and related documentation.
- Advise on and assist with implementation of regulatory change.
- Support operational onboarding.
- Support the company’s strategic projects.
Requirements
- Qualified lawyer
- Strong academic background
- 5+ years PQE working in the derivatives / trading team of a law firm and / or in-house team
- Demonstrable experience drafting and negotiating derivatives and other trading documentation to support strategies for private and public assets, segregated mandates, liquidity management and long-term liability hedging.
- Buy-side experience of guiding and advising the business on appropriate trading strategies, eligible instruments, collateral management and managing sell-side counterparty expectations
- An understanding of investment management / value chain and the relevant regulatory framework applicable to insurers and asset managers (in particular SII, MiFID II, EMIR and SFTR)
- Ability to build and develop relationships with key internal stakeholders
- Proficiency in English essential (contract negotiation level)
- Experience in cross-border derivatives transactions (preferred)
- An understanding of fund structures and fund documentation, preferably across various jurisdictions (specifically UK, Luxembourg and Ireland) (preferred)
- Experience working with and managing external counsel in a multi-jurisdictional context (preferred)
- Strong drafting and analytical skills and excellent attention to detail, sound judgement and decisive
- Willingness to challenge / debate and offer own views
- Tenacious and willing to go beyond the job description
- Transparent and a good communicator
- Works most effectively when collaborating within the team and across other functions
- Resilience and strength of character that enables effective communication across all levels of the organisation
- Strong organisational skills
- Flexible with the ability to adapt to changing priorities and fluid deadlines
Skills
- Derivatives trading documentation
- Trading documentation
- Investment legal skills
- Trading strategy design
- ISDAs
- GMRAs
- Stock Lending Agreements
- Master Netting Agreements
- Broker Terms
- Regulatory change implementation
- Operational onboarding
- Strategic projects support
- English (contract negotiation level)
Location
- UK
Work Type
- Permanent
- Flexible working arrangements
Experience Level
- Manager/Expert
- 5+ years PQE
Education Level
- Qualified lawyer
- Strong academic background
- Qualification in a common law jurisdiction (preferred)
Benefits
- Pension scheme of up to 18%
- Share Save and Share Incentive Plan
- Financial wellbeing and support services
- 38 days annual leave (including bank holidays)
- Opportunity to purchase up to five extra days of leave
- Time Off When You Need It policy
- Market-leading Inspiring Families policy
- Comprehensive support and paid parental leave (maternity, adoption, surrogacy, paternity)
- Private Healthcare
- Critical Illness cover
- Life Assurance
- Additional family options for Health & Protection cover
About the Company
- M&G has a heritage dating back more than 175 years with a long history of innovation in savings and investments, combining asset management and insurance expertise.
- Their two distinct operating segments, Asset Management and Life, work together to provide access to balanced, long-term investment and savings solutions.
- They are creating an exceptional place to work for exceptional talent by telling it like it is, owning it now and moving it forward together with care and integrity.
Equal Opportunity
- M&G strives to have a diverse workforce and an inclusive culture, underpinned by policies and employee-led networks.
- They welcome applications from people of all backgrounds – across gender, ethnicity, age, disability, sexual orientation and more – including neurodivergent individuals, career returners and those with military service experience.
- M&G is proud to be Level 3: Disability Confident Leader under the UK Government Disability Confident employer scheme.
- They welcome applications from candidates with disabilities and long-term health conditions.
- They are committed to providing an inclusive recruitment process.
- All candidates have the opportunity to request reasonable adjustments when applying.
- If you need any additional support at any stage, please contact careers@mandg.com.
