Legal Counsel (Derivatives)
Wintermute
Estimated Salary: $105K-$175K
Location: London
Legal Counsel (Derivatives)
London
Operations /
Full-time /
Hybrid
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About Wintermute
Wintermute is one of the largest crypto native algorithmic trading companies in digital assets. We provide liquidity algorithmically across most cryptocurrency exchanges and trading platforms, a broad range of OTC trading solutions as well as support high profile blockchain projects and traditional financial institutions moving into crypto. Wintermute also has a Wintermute Ventures arm that invests in early stage DeFi projects.
Wintermute was founded in 2017 by high and has successfully navigated the industry cycles. Culturally, we combine the best of the two worlds: the technology standards of high-frequency trading firms in traditional markets and the innovative and entrepreneurial culture of technology startups. To Wintermute digital assets is not just another asset class, we believe in the innovative potential of blockchain, the fundamental innovations, we have a long-term view on the digital asset market and are taking a leadership position in building an innovative and compliant market. You can read more here.
Nature of the role
We are looking for a derivatives focussed Legal Counsel who will work on supporting Wintermute’s rapidly growing OTC derivatives business. The candidate should either have experience in digital asset markets or in traditional financial markets and can easily adapt to the entrepreneurial, varied and highly dynamic nature of Wintermute's business, as well as to the challenges and opportunities specific to the cryptocurrency business. This role will work closely with the business (BD and traders), risk other legal team colleagues and will cover all jurisdictions where Wintermute and its counterparties are currently active. You will have the opportunity to shape derivatives templates and approaches that best balance the business growth objectives and risk.
Key Responsibilities:
Negotiate commercial derivatives agreements: draft and negotiate agreements in relation to our derivatives offerings (ISDAs, CSA, CSD, ACA, tailored agreements); coordinate input and decisions from various stakeholders and drive contracts to completion
External negotiations: negotiate directly with counterparties and their counsel as required
Derivatives regulatory compliance and research: do own research and work with external; counsel as required to define regulatory requirements for crypto derivatives in various jurisdictions
Derivatives framework development: work with business and management stakeholders to develop unique derivatives framework (templates, approaches, etc) that is best suited for Wintermute’s OTC derivatives business
Other legal: get involved in projects outside of OTC derivatives based on your development interests and company requirements
Hard Skills Requirements
3-5 years of experience practicing law (qualified) at a top-tier law firm or as in-house counsel for a firm specialized in financial services, fintech and/or crypto;
3-5 years of experience negotiating ISDA and other OTC derivatives in a high performing setting and under tight deadlines
Experience with developing templates, internal guidelines, approaches to negotiations etc is highly preferred
Understanding of regulatory frameworks how they apply to OTC derivatives in various jurisdictions in traditional financial markets
Having of a flexible approach to thinking how traditional concepts may apply to crypto, how approaches may be different and how different firms take different approaches to templates and negotiations
Ability and interest to learn crypto aspects as well as other areas of law quickly, at least at a general level required for the role
Proven ability to see the bigger picture and commercial strategy; quickly understand new functional areas and have a cross-functional mindset
Join our dynamic team and benefit from:
Working at one of the most innovative trading firms globally.
Engaging projects offering accelerated responsibilities and ownership compared to traditional finance environments.
A vibrant working culture with frequent team meals, holiday celebrations, gaming events, and company-wide outings, including our annual Wintermute weekend getaway.
A Wintermute-inspired office in central London, featuring an array of amenities such as table tennis and foosball, personalized desk configurations, a cozy team breakout area with games and free food.
Great company culture: informal, non-hierarchical, ambitious, highly professional with a startup vibe, collaborative and entrepreneurial.
A performance-based compensation with a significant earning potential alongside standard perks like pension and private Health insurance.
Note:
Although we are unable to accept fully remote candidates, we support significant flexibility in regards to working from home and working hours.
We offer UK work permits and help with relocation
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