At a Glance
- Tasks: Join a dynamic team to negotiate and manage complex derivative transactions.
- Company: Macfarlanes, a leading law firm with a collaborative culture.
- Benefits: Gain early responsibility, excellent training, and a supportive environment.
- Other info: Inclusive workplace committed to diversity and professional growth.
- Why this job: Make a real impact in global finance while developing your legal skills.
- Qualifications: 1-3 years PQE in derivatives or finance, strong academic background.
The predicted salary is between 50000 - 70000 € per year.
We are recruiting an Associate with one to three years’ post qualification experience to join our Derivatives and Trading practice.
Joining Macfarlanes means being part of a collaborative, Partner-led team where you’ll develop and learn from experienced lawyers and business professionals. Our size means you’ll be given genuine responsibility early on and often be involved at the heart of client matters, gaining insight into how our high-quality legal advice is developed and delivered to help clients overcome their most pressing issues. You’ll work closely with senior colleagues who are approachable and who want you to succeed. You’ll be encouraged to get involved in client and business development activities, and you’ll be recognised for your contribution.
The majority of our work has a cross-border focus, so you’ll often collaborate with global clients and specialist advisers in overseas jurisdictions. You’ll build connections with international law firms, broaden your experience, and be part of a multidisciplinary team that comes together to achieve the best results. We also place real importance on your development. Our training and mentoring programmes are second to none, and designed to help you strengthen your legal and commercial skills.
Above all, you’ll be part of a firm where we all work together as part of a cohesive and supportive team, where you’ll be recognised and appreciated, and encouraged to succeed.
Practice overview: Our Derivatives and Trading practice consists of two Partners, two Senior Counsels, one Senior Associate, three associates, two trainee solicitors and four paralegals. The group represent hedge funds, corporate treasuries, financial institutions, managed account platforms, asset managers and high-net-worth individuals in structuring, negotiating and executing complex and bespoke derivative instruments. Our team works alongside our specialist lawyers in financial services, regulatory, capital markets, tax and dispute resolution and is able to advise on both the day-to-day trading requirements of our clients, and the most complex derivative and structured product transactions in both transactional and contentious roles.
The team prides itself on not only knowing the legal issues inside out, across a broad spectrum of standard form and bespoke documents, but also on understanding the strategies, risks and operational issues that affect the clients. Our team advise on a wide range of products including repos, stock loans and all kinds of derivative, covering interest rate, fixed income, currency, commodity, equity, credit, basket and index underliers. The team routinely advises on matters such as prime brokerage and clearing, and issues around rehypothecation and segregation, custody and collateral, securities lending and margin financing matters, repos, structured products, exchange traded derivatives, central clearing including OTC clearing under Dodd-Frank and EMIR, cash equities and cash bond trading under broker terms of business and electronic trading arrangements.
Our client base is also global; we act for managers in the UK, the US, Europe and the Far East (with a particular concentration of clients in Hong Kong) and we have daily experience negotiating for these clients with the international offices of the leading US, Asian and European banks and broker dealers. The issues we face are global. We routinely advise on practical issues of trading in the US markets, on structuring offshore derivative instruments accessing the Chinese, Indian and emerging markets and on dealing with multiple regulatory regimes.
Further details about our derivatives and trading group, the work we do and examples of recent deals can be found on our website.
The role: The individual will be required to carry out a broad range of good quality work. Key duties will include:
- Predominantly transactional work including, negotiating a broad spectrum of derivative and trade documents between broker-dealers and/or hedge funds, and managing the document and execution process for fund launches and businesses as usual transactions;
- Day to day advisory work for our predominantly buy-side client basis will also be required. A good working knowledge of current regulatory issues is therefore useful, although we carry out extensive training in this regard;
- Creating and/or diligencing innovative structures for our clients and colleagues in other practice areas;
- Supporting wider firm transactions with hedging queries and related collateral and regulatory issues;
- Researching new products and regulations around the world, whenever our clients wish to trade.
This job description encompasses the main duties of the role and is by no means exhaustive. It is anticipated that duties may vary from time to time according to the needs of the practice area.
The candidate: We want to recruit an associate that trained in the UK and fulfils the following criteria:
- Experience gained from a law firm or a recognised investment bank trading desk, including work on some or all of OTC Derivatives and ETDs, prime broker and custody agreements, collateral arrangements, clearing and repos;
- Preferably will have completed at least one seat within derivatives, finance or funds during their training contract;
- Strong academic qualifications from degree upwards;
- Articulate and confident to deliver at the highest standard within a team of highly competent associates;
- Ambitious, with a genuine commitment to develop both their professional and legal skills and the profile of the group;
- The ability to instil confidence to the client by delivering clear, efficient and robust advice in a derivatives context;
- Willing to take on responsibility; be committed and motivated; and possess excellent interpersonal skills at all levels.
The team is known as being very friendly and collegiate, and so the right person would need to fit well within the group and, for example, be willing to pitch in with transactions that others are working on, if required to help relieve workload pressures.
Application screening: Any offer of employment with us is subject to our pre-employment checks which are conducted by a third‑party screening provider. These checks will be initiated with your consent, and your CV will be sent to the provider by us. The screening will include but is not limited to your employment references, professional and academic qualifications including grades and any criminal records. Your offer will be subject to the successful completion of these checks.
Our commitment to inclusion: Inclusion is one of our key priorities and it is a goal we are actively working towards. We believe that an inclusive, forward‑thinking culture is intrinsically important and enables us to provide innovative solutions to our clients. We welcome applications from people of all backgrounds, bringing different perspectives and experiences, making Macfarlanes an exciting and stimulating place to work. We seek to recruit the best candidates, regardless of age, gender, race, ethnicity, social or economic background, religion, disability, sexual orientation or any other characteristic.
As part of this commitment, we will ask you certain diversity data questions. We would really appreciate you and/or your recruiter completing these questions when submitting an application to Macfarlanes as this data enables us to measure our progress and identify any actions needed to continue to support an inclusive culture. This data is anonymised to maintain the privacy of applicants. If you have any questions relating to how this data is used, please contact a member of the recruitment team.
Should you require any adjustments during the application and/or interview process, please do not hesitate to inform your recruiter or a member of the recruitment team. Please note, the job description is available in other accessible formats (for example, large print). We are a Disability Confident Employer and will offer an interview to disabled applicants who best meet the essential criteria for the role. If you would like to apply through the Disability Confident Interview Scheme, please email the recruitment team at recruitment@macfarlanes.com.
Derivates and Trading Associate 1 to 3 years' PQE employer: Macfarlanes
At Macfarlanes, we pride ourselves on fostering a collaborative and supportive work environment where associates are empowered to take on significant responsibilities from day one. Our commitment to professional development is unparalleled, with comprehensive training and mentoring programmes designed to enhance your legal and commercial skills while working alongside approachable senior colleagues. Located in a vibrant city, our firm offers the unique advantage of engaging with a diverse, global client base, ensuring that your career is both meaningful and rewarding.
StudySmarter Expert Advice🤫
We think this is how you could land Derivates and Trading Associate 1 to 3 years' PQE
✨Tip Number 1
Network like a pro! Reach out to your connections in the legal and finance sectors. Attend industry events or webinars, and don’t be shy about introducing yourself. You never know who might have a lead on that perfect role!
✨Tip Number 2
Prepare for those interviews! Research the firm and its recent deals, especially in derivatives and trading. Be ready to discuss how your experience aligns with their needs. Show them you’re not just another candidate, but someone who’s genuinely interested in their work.
✨Tip Number 3
Practice your pitch! You’ll want to articulate your skills and experiences clearly. Mock interviews with friends or mentors can help you refine your delivery and boost your confidence before the real deal.
✨Tip Number 4
Don’t forget to follow up! After an interview, send a thank-you email to express your appreciation for the opportunity. It’s a great way to keep your name fresh in their minds and show your enthusiasm for the position.
We think you need these skills to ace Derivates and Trading Associate 1 to 3 years' PQE
Some tips for your application 🫡
Tailor Your CV:Make sure your CV is tailored to the role of Derivatives and Trading Associate. Highlight your relevant experience, especially any work with OTC derivatives or prime broker agreements. We want to see how your background fits with what we do!
Craft a Compelling Cover Letter:Your cover letter is your chance to shine! Use it to explain why you're passionate about derivatives and trading, and how you can contribute to our team. Keep it concise but engaging – we love a good story!
Showcase Your Skills:Don’t forget to highlight your academic achievements and any specific skills that relate to the role. Whether it's your knowledge of regulatory issues or your ability to manage complex transactions, we want to know what makes you stand out!
Apply Through Our Website:We encourage you to apply directly through our website. It’s the easiest way for us to receive your application and ensures you’re considered for the role. Plus, you’ll find all the info you need about our firm there!
How to prepare for a job interview at Macfarlanes
✨Know Your Derivatives
Make sure you brush up on your knowledge of derivatives and trading concepts. Familiarise yourself with the types of products mentioned in the job description, like repos and structured products. Being able to discuss these confidently will show that you're serious about the role.
✨Showcase Your Collaborative Spirit
Since the team values collaboration, be prepared to share examples of how you've worked effectively in a team before. Highlight any experiences where you’ve pitched in to help others or contributed to group success, as this aligns with their supportive culture.
✨Demonstrate Your Client Focus
The role involves advising clients, so think of instances where you've delivered clear and effective advice. Be ready to discuss how you can instil confidence in clients through your communication skills and legal expertise, especially in a derivatives context.
✨Prepare for Regulatory Discussions
Given the importance of regulatory issues in this role, brush up on current regulations affecting derivatives and trading. Be ready to discuss how you would approach advising clients on these matters, showing that you’re proactive and knowledgeable.
