At a Glance
- Tasks: Provide regulatory and commercial legal support in a fast-paced financial environment.
- Company: Join Interactive Brokers, a leading global financial services firm known for innovation and technology.
- Benefits: Enjoy hybrid working, daily lunches, performance bonuses, and comprehensive health plans.
- Why this job: Be part of a collaborative team that values adaptability and offers diverse legal challenges.
- Qualifications: Qualified solicitor with 3-5 years in financial regulation; strong drafting and communication skills required.
- Other info: Located in a prime London office with a supportive culture and career development opportunities.
The predicted salary is between 43200 - 72000 £ per year.
Company Overview
Interactive Brokers Group, Inc. (Nasdaq: IBKR) is a global financial services company headquartered in Greenwich, CT, USA, with offices in over 15 countries. We have been at the forefront of financial innovation for over four decades, known for our cutting-edge technology and client commitment. IBKR affiliates provide global electronic brokerage services around the clock on stocks, options, futures, currencies, bonds, and funds to clients in over 200 countries and territories. We serve individual investors and institutions, including financial advisors, hedge funds and introducing brokers. Our advanced technology, competitive pricing, and global market help our clients to make the most of their investments. Barron's has recognized Interactive Brokers as the #1 online broker for six consecutive years. Join our dynamic, multi-national team and be a part of a company that simplifies and enhances financial opportunities using state-of-the-art technology.
We are seeking a motivated mid-level lawyer with a strong background in financial regulation to join the legal team of a global execution-only brokerage firm. Based in London and reporting to a senior lawyer, you will provide regulatory and commercial legal support across IBKR’s UK, Irish and Dubai offices. This is a hands-on role for a collaborative, commercially minded lawyer who enjoys varied work, cross-border exposure, and partnering with the business in a fast-paced environment. We currently operate a hybrid working model in one of the most iconic City of London towers on Fenchurch Street.
Key Responsibilities
- Regulatory Advice & Change Implementation: Advise on UK and international financial regulatory frameworks, including the FCA Handbook, UK MiFID II, Consumer Duty, relevant EU regulations (e.g., Retail Investment Strategy), and DFSA requirements. Support the firm’s ongoing compliance by tracking regulatory developments and assessing their impact across jurisdictions (UK, EU, UAE). Lead or support projects to implement legal and regulatory change, working closely with compliance and business teams.
- Commercial Legal Support: Draft, review and negotiate a wide range of contracts, including client agreements, terms of business, SLAs, outsourcing arrangements and vendor contracts. Provide legal input on new commercial initiatives, including partnerships and product launches.
- Stakeholder Engagement & Internal Advisory: Collaborate with compliance, risk, operations and trading teams to provide practical legal advice aligned with business strategy. Deliver training on regulatory requirements and legal developments.
Qualifications
- Qualified solicitor (England & Wales), with a background in financial regulation gained in-house or at a law firm.
- Approximately 3–5 years’ post-qualification experience, but we’re open to hearing from strong applicants outside that range who meet the core criteria.
- Experience advising trading or brokerage firms on regulatory issues.
- Excellent drafting, negotiation and analytical skills.
- Ability to manage multiple workstreams and meet tight deadlines in a fast-paced environment.
- Clear and confident communicator, capable of translating legal issues for non-legal stakeholders.
- In-house experience at a brokerage firm, trading platform or similar financial services firm.
- Experience advising on cross-border regulatory matters.
- Familiarity with other international regimes (e.g., US, UAE) is a plus.
This team is collaborative, supporting each other and providing guidance to meet group objectives. If you are adaptable, pragmatic and willing to get involved in a broad range of legal work, then this role is for you.
Location and hours: 20 Fenchurch Street, London, EC3M 8AF
Career support and development
- Salary commensurate with experience
- Performance-based discretionary cash bonus scheme
- Discretionary stock grant
- Group Life Assurance cover
- Group Income Protection
- Occupation pension scheme based on Gross earnings
- Above statutory annual leave, increasing with service
- Daily company-paid lunch and healthy snack options throughout the day (when working from the office)
- Access to Private Medical Insurance, Dental Plan and/or Health Cash Plan (including dependants)
- Travel season ticket loans
- Cycle to work scheme (on successful completion of the probation period)
Interactive Brokers is an Equal Opportunity Employer committed to offering employees a diverse, equitable and inclusive workplace. If you have what it takes to become part of our London office team, please apply today!
Legal Counsel - Financial Regulation/Trading employer: Interactive Brokers Group, Inc.
Contact Detail:
Interactive Brokers Group, Inc. Recruiting Team
StudySmarter Expert Advice 🤫
We think this is how you could land Legal Counsel - Financial Regulation/Trading
✨Tip Number 1
Familiarise yourself with the latest UK and international financial regulations, especially the FCA Handbook and MiFID II. This knowledge will not only help you in interviews but also demonstrate your commitment to staying updated in a fast-evolving field.
✨Tip Number 2
Network with professionals in the financial regulation sector, particularly those who have experience in brokerage firms. Attend industry events or webinars to connect with potential colleagues and gain insights into the company culture at Interactive Brokers.
✨Tip Number 3
Prepare to discuss specific examples of how you've successfully navigated regulatory challenges in previous roles. Highlight your ability to collaborate with compliance and business teams, as this is crucial for the role at Interactive Brokers.
✨Tip Number 4
Showcase your drafting and negotiation skills by being ready to discuss relevant contracts you've worked on. Being able to articulate your experience in this area will set you apart from other candidates applying for the Legal Counsel position.
We think you need these skills to ace Legal Counsel - Financial Regulation/Trading
Some tips for your application 🫡
Tailor Your CV: Make sure your CV highlights relevant experience in financial regulation and legal counsel. Emphasise your skills in drafting, negotiation, and your understanding of regulatory frameworks like the FCA Handbook and MiFID II.
Craft a Strong Cover Letter: In your cover letter, express your enthusiasm for the role and the company. Mention specific projects or experiences that demonstrate your ability to provide regulatory advice and support commercial initiatives.
Showcase Relevant Experience: Detail your experience advising trading or brokerage firms on regulatory issues. If you have cross-border regulatory experience, make sure to highlight this as it aligns with the job requirements.
Prepare for Potential Questions: Think about how you would explain complex legal concepts to non-legal stakeholders. Be ready to discuss your approach to managing multiple workstreams and meeting tight deadlines in a fast-paced environment.
How to prepare for a job interview at Interactive Brokers Group, Inc.
✨Know Your Regulations
Familiarise yourself with the UK and international financial regulatory frameworks, especially the FCA Handbook and MiFID II. Be prepared to discuss how these regulations impact the brokerage industry and demonstrate your understanding of compliance requirements.
✨Showcase Your Experience
Highlight your previous experience in advising trading or brokerage firms on regulatory issues. Be ready to provide specific examples of how you've successfully navigated complex legal challenges in a fast-paced environment.
✨Communicate Clearly
Practice translating complex legal jargon into layman's terms. The ability to communicate effectively with non-legal stakeholders is crucial, so prepare to demonstrate this skill during your interview.
✨Engage with the Team
Since the role involves collaboration with various teams, express your enthusiasm for teamwork. Share examples of how you've worked cross-functionally in the past and how you can contribute to a supportive team environment.