Legal Counsel (6 Month FTC) in London

Job Title: Legal Counsel 6 Month FTC

Reporting To: Head of Legal, ICE Futures Europe and ICE Clear Europe

Job Purpose

The purpose of this role is to support the head of department in advising and supporting a wide range of legal matters within our EMEA based businesses in particular ICE Futures Europe, ICE Clear Europe Limited and ICE Futures Abu Dhabi.

This is a hands on role where you will be responsible for executing on a variety of work including rules queries and drafting, contractual arrangements, data and licensing structures, product launches, regulatory analysis and support, and providing assistance to the Membership, Finance, HR and product development departments.

Responsibilities

• Advise on internal legal issues relating principally to the businesses of ICE Futures Europe (a UK Recognised Investment Exchange) ICE Clear Europe (a UK Recognised Clearing House and Central Counterparty) and ICE Futures Abu Dhabi (a UAE Recognised Investment Exchange) as well as certain other UK based ICE subsidiaries (together “the ICE Companies”), including contractual negotiations, companies act issues and litigation, documentation management, data protection, trademarks, supplier terms of business, property management.
• To advise on external legal issues which arise in the context of the interface between ICE subsidiaries and their Members, market users, subscribers and other external parties during the course of the operation of both Exchanges’ futures and options markets, the Clearing House and other related businesses including: API access and interface and related contractual arrangements and negotiation; data access, use and distribution; interaction with ICE Futures Europe, ICE Futures Abu Dhabi and ICE Clear Europe rules; Member and customer complaints; contractual negotiations; FCA supervision of ICE Futures Europe; FSRA supervision of ICE Futures Abu Dhabi; Bank of England, CFTC and ESMA supervision of ICE Clear Europe; development of initiatives with partners and the business development departments internally within the ICE Companies, relating to trading and listing of contracts and tradeable products; membership of and contribution to ISDA as appropriate.
• To ensure that advice provided is consistent with relevant regulatory requirements.
• To support the head of department in producing and reviewing rules, ensuring that they at all times: are relevant and appropriate to the users of the market, provide appropriate protection for ICE Futures Europe, ICE Futures Abu Dhabi and/or ICE Clear Europe as the case me, are compliant with regulatory requirements and expectations and are reflective of commercial arrangements which any of ICE Futures Europe, ICE Futures Abu Dhabi and/or ICE Clear Europe might wish implement (e.g. new product launches).
• To support enquiries and applications in relation to securing authorisations to permit trading and/or clearing from foreign jurisdictions, and responding to queries in relation to the same.
• Being aware of relevant UK, US and EU legislation and regulation (e.g. Companies Act, EMIR, MiFID II, OFAC, FCA Handbook) and assisting in propagating relevant policies and procedures in the ICE Companies
• Liaising with ICE control functions and business areas and providing advice and assistance as requirements might arise.
• Provide assistance and support as regards deliveries of physically settled futures contracts and related issues which might arise.
• To assist the Compliance and Regulation Departments and Executive of each of ICE Futures Europe, ICE Futures Abu Dhabi and/or ICE Clear Europe in general in a commercially proactive and responsive manner in relation to legal issues as they might touch and effect any of those businesses as appropriate. For example, to provide support in relation to US regulatory filings to the CFTC, to manage regulatory information requests, inspection/examination preparation and compliance assurance.
• Support for the various AML and Sanctions work streams that operate across the regulatory area in the London entities.
• Interface and work with a number of Board Committees across the UK regulated entities.
• To be an enthusiastic and professional member of the legal department.

Knowledge and Experience

• Due to the breadth and complexity of the role the experience and knowledge required is very varied. The role is external and internal facing in relation to legal issues which might arise from supporting the day to day running of the business. The jobholder will require senior level commercial experience in all matters and be comfortable and resourceful when working without supervision representing the interests of the ICE Companies.
• Experience in the derivatives trading and/or clearing industry (commodities, financial and/or credit) is essential; experience in data and benchmarks is desirable
• Experience of working within a highly regulated environment is desirable
• Experienced and able to work effectively in frequently changing working environments/organisations