Legal Counsel, Regulatory

Legal Counsel, Regulatory

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Join our team

The London Metal Exchange (LME) is the world’s premier metals exchange and provides the global venue for parties that wish to manage the risk associated with future metals price movements.

The LME operates in a highly regulated environment, requiring strong technical and practical legal involvement and expertise, both for its core business and the development of new products and initiatives.

The Legal Department is responsible for advising the business on a variety of legal and regulatory matters relating to metals trading, associated products and services offered by the LME Group, and new initiatives.

We are looking to bring in the Legal Department an individual committed to bring to life the LME’s purpose, vision and values. The LME’s purpose is to promote and progress our financial markets and the communities they support for the prosperity of all.  Our vision articulates our ambition and our focus: to operate the world’s leading metals marketplace by operating the world’s leading metals marketplace.  Our values underpin everything we do: integrity, Excellence, Collaboration, Diversity and Engagement.

Integrity

We have integrity. We always do the right thing.

Excellence

We strive to deliver excellence and promote best-in-class in all that we do.

Collaboration

We are collaborative and our teamwork is central tour success. We are always better together.

Diversity

We promote diversity. We recognise that great ideas come from anywhere.

Engagement

We are engaged in the markets and communities in which we operate. We are aware of the important role that we play.]

The difference you will make

You will be:

• Providing legal and regulatory advice in relation to the LME and the products and services offered by the LME. Prior experience in advising on commodity derivative products and on public law is not required, but an enthusiastic approach and willingness to learn are a must.

• Supporting to the business and colleagues at all levels by working collaboratively with colleagues in LME Clear, the LME’s clearing house, and within cross-business stakeholder LME teams such as Regulation & Compliance, Market Access, Market Structure and Market Development.

• Providing legal advice on key regulatory change programmes impacting the commodity derivatives regulatory framework.

• Researching and analysing specific legal points on a broad variety of issues.

• Proactively monitoring legal and regulatory changes that may impact the LME, and analysing and advising the business on the impact of such developments.

• Drafting and contributing to responses to public consultations that impact the LME’s business.

• Responding to queries from members of the LME on the LME Rules and other matters.

• Managing external counsel with a view to obtaining optimal service whilst controlling costs.

What you will bring

• You will be admitted in England & Wales or hold a Scottish or foreign jurisdiction equivalent.

• Ideally you would have 2 to 5 years of post-qualification experience, but candidates outside of this range will be considered.

• Ideally you will have worked for a city law firm in the UK and/or in-house at a financial services organisation (including but not limited to banks, investment firms and financial market infrastructure) and/or a trade body or regulator advising on wholesale financial regulation in the UK or in a foreign jurisdiction.

You will also display:

• A commitment to bring to life the LME’s purpose, vision and values

• Agile mind-set and openness to build and develop new subject matter expertise in parallel with business needs and growth

• Excellent attention to detail and good judgement.

• Excellent communication skills at all levels of seniority and the ability to influence decisions

• Good interpersonal skills and team player, whilst carrying out tasks autonomously.

• Ability to prioritise work and to manage expectations.

• Excellent drafting skills.

It would also be nice for you to have:

• Strong intellectual, interpersonal and legal skills.

• Impeccable integrity.

• Ability to work with, and engender confidence in, a wide range of stakeholders.

• Enthusiastic, self-motivated and willing to take on new challenges and technical skills.

• Versatile and flexible.

• Even tempered and assertive

What else you need to know:

• This role is permanent and predominantly office-based with some flexibility to accommodate remote working.

• You will receive the opportunity to get sector specific continued professional development and training to facilitate your career development and build expertise.

• You will work in an environment where we are committed to make sure that our colleagues feel they belong and are supported to succeed

The LME is committed to creating a diverse environment and is proud to be an equal opportunity employer. In recruiting for our teams, we welcome the unique contributions that you can bring in terms of education, ethnicity, race, sex, gender identity, expression & reassignment, nation of origin, age, languages spoken, colour, religion, disability, sexual orientation and beliefs. In doing so, we want every LME employee to feel our commitment to showing respect for all and encouraging open collaboration and communication.