Managing Director, Broker-Dealer Products and Services Counsel

Key Responsibilities

• Legal Advisory & Regulatory Interpretation
• Provide expert legal guidance on trading activities involving derivatives, futures, options, complex equities, and ETFs.
• Interpret and apply regulatory frameworks, including CFTC, NFA, SEC, FINRA, and exchange requirements, to business activities.
• Advise on complex or ambiguous regulatory matters and translate requirements into practical business guidance.
• Risk Management & Governance
• Identify legal and regulatory risks and develop mitigation strategies to maintain a strong control environment.
• Oversee development and maintenance of client disclosures, agreements, and risk management programs, including futures-related requirements.
• Advisory on trading practices, order handling, market data usage, and regulatory reporting obligations.
• Strategic Business Partnership
• Serve as a trusted advisor to senior leadership, including Trading business leaders and Legal executives.
• Provide counsel on new products, business initiatives, and trading strategies to ensure compliance with regulatory expectations.
• Support Trading & Education and research-related functions with legal guidance and issue resolution.
• Regulatory Engagement & Advocacy
• Monitor and analyze regulatory developments, rulemaking, and market structure changes impacting trading and derivatives activities.
• Engage with regulators, exchanges, and industry bodies to interpret requirements and advocate for the firm’s positions.
• Led and develop legal talent, including direct oversight of Director-level counsel.
• Collaborate across Legal, Risk, Compliance, and business teams to ensure consistent and effective legal support.
• Manage outside counsel on complex or high-impact matters.

Qualifications

• Bachelor's degree in a relevant field (e.g., Finance, Law)
• Juris Doctor (JD) from an accredited law school and active bar membership in good standing
• Significant legal experience in financial services, with deep expertise in:
• Commodities regulation (Commodity Exchange Act, CFTC, NFA rules)
• Broker-dealer regulation (Exchange Act, FINRA rules, margin and trading regulations)
• Securities laws related to offerings, disclosures, and investment products
• Demonstrated experience advising on derivatives, futures, and complex investment products within broker-dealer and/or FCM environments
• Proven ability to interpret evolving regulatory requirements and provide clear, actionable guidance to senior stakeholders
• Experience engaging with regulatory agencies and addressing complex regulatory issues
• Strong leadership experience, including managing legal professionals and influencing senior business leaders