Counsel, Derivatives

Overview

Connecting clients to markets – and talent to opportunity.With 5,400+ employees and over 80,000 institutional, commercial, and payments clients, we operate from more than 80 offices spread across six continents. As a Fortune 100, Nasdaq-listed provider, we connect clients to the global markets – focusing on innovation, human connection, and providing world-class products and services to all types of investors.Whether you want to forge a career connecting our retail clients to potential trading opportunities, or ingrain yourself in the world of institutional investing, StoneX Group is made up of four business segments that offer endless potential for progression and growth.

Business Segment Overview

Corporate: Engage in a deep variety of business-critical activities that keep our company running efficiently. From strategic marketing and financial management to human resources and operational oversight, you’ll have the opportunity to optimize processes and implement game-changing policies.

Position Purpose: StoneX seeks a Counsel to support its derivatives businesses, including its registered futures commission merchant (“FCM”), its swap dealer, and its clearing and execution business, on a broad range of legal, regulatory, and litigation matters. This role is a member of StoneX’s in-house Legal Department, and the Litigation and Regulatory team, working closely with Sales and Trading, Compliance, Trade Surveillance, and product development, and also supports matters related to StoneX’s obligations as a public company.

This role advises business and support functions across derivatives products and operations, including activities of the FCM, swap dealer, and clearing and execution businesses. The role routinely engages with staff of designated contract markets and derivatives clearing organizations (“exchanges”), the Commodity Futures Trading Commission (“CFTC”), and the National Futures Association (“NFA”). We're looking for someone with solid financial services legal experience who knows derivatives regulation well, can move quickly, is able to work independently, and is comfortable advising on novel issues and fact patterns.

Responsibilities

Primary duties will include:

Prepare responses to exchange, CFTC, and NFA regulatory inquiries and examinations, coordinating with key stakeholders and Compliance to produce well-reasoned and well-supported submissions

Assist with all phases of litigation and regulatory enforcement matters, including pleadings, discovery, e-discovery protocols, document review and production, motions, and other trial preparation activities, with the ability to manage matters independently and with outside counsel

Support litigation and regulatory strategy across derivatives businesses, including matters related to FCM, swap dealer, clearing and execution operations, and derivative regulation

Track exchange, CFTC, and NFA enforcement actions, rulemaking, notices to members, and litigation trends, and translate them into actionable guidance for internal teams

Provide advice on new and revised policies and procedures covering derivatives operations, sales and trading practices, margin, and customer protection requirements across the FCM, swap dealer, and clearing and execution businesses

Support legal matters connected to StoneX's obligations as a public company, including coordination with Corporate and Securities counsel on disclosure, governance, and related compliance issues as they relate to the derivatives businesses

Contribute to other in-house projects and other tasks as assigned.

Qualifications

To land this role you will need:

At least 5 years of legal or compliance experience in financial services, with direct exposure to derivatives, FCM, swap dealer, or clearing and execution businesses

Direct experience with exchange, NFA, or CFTC examination or enforcement processes

Working knowledge of the Commodity Exchange Act, CFTC regulations, and NFA rules, particularly as they apply to FCM, swap dealer, and clearing and execution businesses

Experience with and demonstrated ability to draft clear and persuasive documents, including responses to regulatory inquiries, customer and other agreements evidencing regulated relationships, litigation-related documents, from pleadings through trial preparation, and internal research memorandum with minimal revision

Familiarity with preservation and collection of electronic communications and trading data in a financial services environment

Strong judgment about when to escalate, when to move, and how to give practical guidance under regulatory uncertainty

What makes you stand out:

Prior experience at or advising a public company, including familiarity with SEC disclosure or corporate governance considerations

Familiarity with prediction markets or event contracts

Interest in emerging financial technologies and market structure

Education / Certification Requirements:

J.D. and active U.S. bar membership

Work style:

4 days per week onsite, 1 day per week remote

Hiring Salary Range $140,000 - $160,000. Salary to be determined by the education, experience, knowledge, skills and abilities of the applicant, internal equity and alignment with market data.)   Subject to business performance and recommendations of management, this role may be eligible to participate in an incentive compensation plan.  This compensation package, in addition to a full range of medical, financial, and/or other benefits, dependent on the position, is offered.