Legal and Regulatory Counsel - Financial Services

In this role, you will support the Optimisation Legal Division on regulatory matters, commercial contracts, new initiatives and projects, and other generalist legal matters. You will be a key partner to the Legal, Risk and Compliance (LRC) function as well as to the broader organisation including sales, product and senior management. We value partnership and it is crucial that you are a strong contributor with a global mindset in order to be successful within our organisation.

The Impact Together, we build, support, protect and manage high performance, resilient platforms. Our services are vital to financial institutions around the globe, managing peak volumes and working with customers and regulators to ensure the efficient management of risk and effective operation of global capital markets.

What's In It For You You will have the opportunity to work in a dynamic environment and be part of a global, highly matrixed team that provides crucial support to OSTTRA. There will be multiple opportunities for you to develop your skills and grow in your role. This role reports into the Head of Legal & Regulatory for Optimisation based in Stockholm.

Responsibilities:

• Serve as a key member of the Optimisation legal team and provide timely and commercially driven advice to the sales, product and business management teams within the Optimisation Division.
• Manage regulatory matters for our business lines – including:
• Day‑to‑day regulatory matters for APAC, EU, UK and the US;
• Work with our product and business management teams and external counsel (where appropriate) to assess the suitability of new product offerings and functionalities and provide advice on and solutions to legal and regulatory risks;
• Prepare licensing applications and/or correspondences to regulators in consultation with internal stakeholders and external counsel;
• Monitor and implement new regulatory developments including working cross functionally to achieve compliance including risk, technology and finance;
• Refresh legal advice periodically and maintain an up‑to‑date tracker and repository of all legal advice obtained;
• File notifications and submissions with regulatory authorities within the prescribed deadlines;
• Work with internal or external auditors to collate and provide the required information for regulatory audits;
• Review events and collateral for sales and marketing purposes;
• Draft and/or review responses to regulatory consultations.
• Manage contracts for our business lines – including:
• Draft and negotiate client contracts, information security addendums, service contracts, CCP contracts, licensing and data contracts, confidentiality contracts, intragroup agreements and other commercial contracts;
• Draft new contracts or update existing contracts to provision for new products or functionalities and/or to safeguard against new risks;
• Draft fee letters for bespoke fee arrangements;
• Develop and update contracts in response to changing market practices;
• Develop and maintain playbooks and sales guidance;
• Proactive and open to feedback where improving and simplifying contracts and contracting approach are concerned.
• Working collaboratively with other members of the legal team in London, Stockholm, India, New York and Israel on topical or jurisdictional matters.
• Assist with other generalist legal work within the division or within the wider organisation.

What We're Looking For:

Qualifications & Experience:

• A qualified lawyer in the UK and/or US.
• 3-4 years’ experience in a legal function at a regulated financial services firm (preferably a bank, brokerage, exchange, or trading venue) or as a financial services lawyer at a law firm.
• Have experience handling regulatory matters in the UK and US as well as experience in drafting and negotiating contracts.

Skills:

• Service‑mindful and responsive to the needs of the business.
• Able to turnaround work quickly and accurately within agreed deadlines.
• Able to manage client and business expectations without significantly increasing legal and regulatory risks.
• Able to learn quickly and work effectively in line with changing priorities.
• Strong language competency.
• Able to work independently and exercise discretion when escalating issues.
• Strong organisational skills and attention to detail.

Our benefits include:

• Health & Wellness: Health care coverage designed for the mind and body.
• Flexible Downtime: Generous time off helps keep you energized for your time on.
• Continuous Learning: Access a wealth of resources to grow your career and learn valuable new skills.
• Invest in Your Future: Secure your financial future through competitive pay, retirement planning, a continuing education program with a company‑matched student loan contribution, and financial wellness programs.
• Family Friendly Perks: It’s not just about you. OSTTRA has perks for your partners and little ones, too, with some best‑in‑class benefits for families.

About OSTTRA:

Launched in 2021, OSTTRA unites four businesses that have been at the heart of post‑trade evolution and innovation for over 20 years: MarkitServ, Traiana, TriOptima and Reset. With an outstanding track record of developing and supporting critical market infrastructure, our combined network connects thousands of market participants to streamline end to end workflows – from trade capture at the point of execution, through portfolio optimisation, to clearing and settlement. Joining the OSTTRA team is a unique opportunity to help build a bold new business with an outstanding heritage in financial technology, playing a central role in supporting global financial markets.