In-House Corporate Counsel – Broker Dealer

Business and Financial Operations

London, UK

Job Overview

Cowen’s Legal Department is seeking a broker-dealer lawyer to join its London Legal Team.  The successful candidate will have the opportunity to gain a broad exposure to all aspects of the firm’s UK and Hong Kong based institutional broker-dealers. The position will include primary responsibility for a wide variety of legal issues impacting the firm’s trading and markets businesses in those locations. This role will report into the Firm’s General Counsel located in New York and will interact with all levels of professionals within the organization.

Key Responsibilities:

  • Negotiate a wide variety of client agreements, including execution, prime brokerage, outsourced trading, and account control agreements as well as other types of transactional and service contracts
  • Negotiate agreements with counterparties, custodians, and vendors in the UK, the EU, Asia, and the Middle East, including ISDAs, local broker agreements, securities finance agreements, custody agreements, and other vendor agreements
  • Advise business executives on legal and regulatory issues
  • Work collaboratively with the Compliance team to solve compliance
  • Liaise with Onboarding, Operations, Finance, Risk and Technology teams
  • Work closely with Cowen’s US-based broker-dealer lawyers
  • Manage interactions with outside counsel

Job Requirements / Qualifications:

  • Qualified to practice in UK
  • Significant experience in PQE although strong candidates with less experience will also be considered
  • Minimum of 2-4 years of law firm experience in a financial services practice group; or 2 years of equivalent in-house experience.
  • Exceptional written and verbal communication skills, including contract drafting required.
  • Experience with financial services clients, especially institutional broker-dealers, is preferred.
  • Working knowledge of FCA rules (including CASS), MiFID, EMIR, GDPR, and other laws, rules and regulations affecting broker-dealers is preferred.
  • High levels of ethics, integrity and judgment.
  • Ability to comfortably interact with senior management and various levels of professionals and other staff.
  • Comfortable in and committed to a teamwork environment.
  • Highly organized, detail oriented and proactive.
  • Entrepreneurial attitude with the ability to be a self-starter and to take initiative and the flexibility to work outside one’s comfort zone on new projects and areas outside of expertise

Cowen is an equal opportunity employer; we do not discriminate on the basis of any protected attribute. In accordance with applicable law, we make reasonable accommodations for applicants' and employees' religious practices and beliefs, as well as any mental health or physical disability needs.

Who We Are

Cowen Inc. (“Cowen” or the “Company”) is a diversified financial services firm offering investment banking services, equity and credit research, sales and trading, prime brokerage, global clearing, commission management services and actively managed alternative investment products. Cowen focuses on delivering value-added capabilities to our clients in order to help them outperform. Founded in 1918, the Company is headquartered in New York and has offices worldwide.

At Cowen, inclusion and diversity are catalysts for success and innovation in everything we do. We pride ourselves on our empathetic and collaborative culture, where the power of diversity is harnessed to transform the status quo. Our focus on inclusion expands our thinking in order to generate better outcomes for clients, while striving to increase fairness and equity for our colleagues. Cowen’s vision of creating a more inclusive and equitable future is supported by our core values and is essential to our ability to outperform.

Learn more: https://www.cowen.com/ and https://www.linkedin.com/company/cowen-inc/

Our Values

Vision

  • We consistently deliver differentiated and disruptive insights that help our clients outperform

Empathy

  • We proactively consider and account for the priorities and concerns of our colleagues and clients

Sustainability

  • We endeavor to produce ideas and solutions that are ethically grounded and aim to pass the test of time

Tenacious Teamwork

  • We elevate collaboration to new levels, empowering our ability to provide the best solutions for our clients.

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Protect Yourself from Recruitment Fraud. Recruitment fraud can be attempted through fake job postings, fake websites (posing as a Company) or unauthorized individuals impersonating recruiters (even using employee names). Depending on the role, Cowen will ask candidates to complete 2-4 interviews with Cowen employees before receiving an offer for employment. All communication regarding the interview process will come from an @cowen.com or @greenhouse.io email address. At no time throughout the hiring process will a Cowen recruiter or Human Resource Professional request any type of payment in order to be considered for the role. In addition, candidates will not be asked to submit personal information as a pre-requisite for the interview process.