Head of Legal, North America

MillTech provides advanced FX Hedging and Cash Investment solutions to increase market access, reduce costs, and automate manual workflows. With a focus on automation, integration, and connectivity, we have pioneered an independent risk management and liquidity solution for fund managers, institutions, and global corporates, purpose-built to deliver best execution at scale. Since its inception in 2020, the MillTech platform has grown to support over $500bn in annual FX volume and over $35bn in client programs, trusted by some of the world’s largest institutions. In 2026, MillTech announced a $60m minority investment from the growth equity arm of Apax Partners, valuing the company at $325m. Headquartered in London, MillTech serves clients across the United Kingdom, United States, Canada, Switzerland, Belgium, Denmark, Ireland, Luxembourg, Norway, and Liechtenstein. MillTech is authorised and regulated by the UK’s Financial Conduct Authority (FCA FRN 911636) and registered with the USA’s National Futures Association (NFA).

About the role

As the Head of Legal, North America, you will lead legal and compliance functions for our expanding U.S. operations, reporting to the Group Chief Legal Officer. This role is based in our new New York City office and will play a key part in MillTech’s next phase of growth.

Responsibilities

Legal Documentation

• Draft, review, and negotiate contracts with clients, counterparty banks, distribution partners, and suppliers.
• Manage existing contracts with clients, distribution partners, counterparty banks, and suppliers.
• Implement and manage standard agreements such as NDAs, standard business terms and conditions, ISDA/CSAs, and associated documentation.
• Maintain HR-related policies and procedures, including the staff handbook.
• Maintain data privacy policies and ensure compliance with applicable data protection law.

Policies and Procedures

• Support the business with compliance and regulatory change projects.
• Draft and review policies and procedures resulting from regulatory changes.
• Ensure client onboarding meets legal and regulatory requirements, with a focus on:
  • Client reporting and marketing documentation review, approval, and record keeping.
  • Keeping client legal and compliance records up to date.
  • Creating, reviewing, and updating compliance and legal policies and procedures regularly.

Compliance Governance

• Monitor regulatory developments in the U.S. and other jurisdictions where the firm operates, assessing their impact on the business.
• Act as the firm’s point of contact for regulators and external counsel on legal and compliance matters.
• Design and oversee the firm’s compliance monitoring program, including periodic reviews and remediation tracking.
• Report to senior management on legal, regulatory, and compliance risks, breaches, and remediation.

Requirements

• Working knowledge of U.S. financial services regulation.
• Knowledge of derivative documentation and regulation.
• Ability to interpret a broad range of legal and regulatory provisions and advise stakeholders at all levels of seniority.
• Excellent communication skills, both written and verbal, with the ability to work closely with colleagues and counterparties.
• Buy-side legal and compliance advisory experience is desirable.
• Strong attention to detail and accuracy.
• Self-motivated with good time management skills.
• High levels of integrity and the ability to act with due skill, care, diligence, and confidentiality.
• Commitment to observing proper standards of market conduct and treating customers fairly.

Benefits

• A competitive salary with annual reviews.
• 25 days’ paid annual leave plus an additional day per year of service.
• Excellent staff development and training opportunities.
• Flexible working arrangements, including remote working.
• Healthcare.