Vice President, Commercial Lawyer
Company Overview
Markit was founded in 2001 as the first independent source of credit derivative pricing and has recently been announced as the fastest growing private company in the UK. Today, our data, valuations and trade processing services are regarded as the market standard in the global financial markets, helping our clients to reduce risk, improve operational efficiency, and meet regulatory requirements.
As a private company with privileged relationships with 16 shareholder banks, Markit has unparalleled access to a valuable dataset spanning credit, equities and the broader OTC derivative universe. Our unique relationships with the bank shareholders give us the opportunity to work closely with these leading market makers to develop innovative solutions for the marketplace.
With over 1,300 institutions using our independent services as clients - including investment banks, hedge funds, asset managers, central banks, regulators, rating agencies and insurance companies - we provide round-the-clock support from our offices in London, New York, Chicago, Toronto, Amsterdam, Brussels, Frankfurt, Luxembourg, Tokyo, Singapore and Sydney.
Role Summary
An opportunity has arisen for approximately 5 PQE lawyer to join Markit’s legal team. Markit is the leading provider of independent, multi-asset class, high value services for the global financial market. Markit services are used by nearly 1000 global financial firms. Clients include commercial and investment banks, hedge funds, rating agencies, regulators, asset managers, insurance companies and more in over 30 countries.
In this role, you will independently negotiate and draft contracts with investment banks, asset managers and hedge funds, draft agreements that would deal with new areas and initiatives that Markit expands into and assisting with the integration of recently acquired businesses. You will also prepare complex and bespoke agreements and undertake any other ad-hoc projects that may arise. You will work as a part of a team that will encourage you to learn, develop and question its practices, in pursuit of the best and the most flexible legal infrastructure possible.
Duties and Accountabilities
The primary responsibilities will include support to a rapidly growing global business:
- Provision of legal services and advice to offices in New York, London, Amsterdam, Tokyo and Singapore;
- Advising across a range of commercial legal topics including licensing, IP and general contractual issues;
- Negotiating, reviewing and drafting contracts pertaining to the facilitation of the business;
- Analysing, evaluating and providing input to new product proposals with a view to identifying and highlighting possible business and legal risks to management;
- Drafting and implementing legal documentation structures for businesses such as licence agreements for new business initiatives and products;
- Drafting bespoke commercial agreements for the business;
- To work on the efficient administration of post-acquisition integration of companies and execution of corporate actions; and
- To assist in the identification, management and control of legal and related operational risks. These include commercial business and intellectual property risks and changes in the legal or regulatory environment which Markit’s businesses operate in.
Business Competencies
- Qualified lawyer in England and Wales or a comparative jurisdiction with good academics and a good knowledge of contract and commercial law;
- Experience in financial services industry or knowledge in intellectual property law will be an advantage
- Experience in managing projects independently
- Commercial Awareness: Strong commercial/pragmatic sense and understanding of business needs.
Personal Competencies
- Ability to prioritise and to work to set deadlines
- Strong ethical sense
- Excellent communication and interpersonal skills
- Proactive, enthusiastic, self-motivated team player
- Strong organisational skills
The Contact
Interested applicants should send their CV and a covering letter to careers.europe@markit.com citing "Vice President, Commercial Lawyer" in the subject line.
Due to the high volume of applications we receive for each of our roles we are unable to respond on an individual basis. If you have not received a response within 2 weeks of having submitted your details, it is likely that your application has been unsuccessful