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Overview:

Our international Financial Services team undertakes technical and complex financial services and markets regulatory work for asset and wealth managers, banking groups, brokerage houses, investment exchanges, commodity traders, general insurance and life assurance companies and other financial institutions operating in the UK and international financial markets.

Our funds and financial services regulatory teams are recognised for both technical excellence and outstanding commerciality in connection with a wide range of global structuring, investment and service development projects.

We have experts in fund formation, financial services regulation, trading documentation (including prime brokerage and derivatives documentation), corporate structuring and transactions, litigation, taxation, ICT and employment regulation. We have an in-depth understanding of the asset management industry. Recognised by the legal directories and the industry as being one of the leading firms in the sector, we advise:

• hedge funds
• institutional managers
• UCITS funds and AIFs
• private funds
• private equity managers
• infrastructure funds
• real estate investment and development funds

The role:

Simmons & Simmons has a market leading Derivatives practice (ranked Tier 1 in Legal 500). We hold a unique position amongst the other premier law firms operating in this sector in that not only do we advise investment banks, but also act as the adviser of choice to highest profile end-users in the European derivatives market, including the largest hedge fund and institutional asset managers.

We are seeking an energetic and ambitious Supervising or Managing Associate to join this leading buy-side Derivatives team, which is an integral part of our award winning asset management and investment funds practice.

You will have exposure to a wide variety of work, including:

• Reviewing and negotiating the full spectrum of derivative and trading documentation for hedge fund and other asset management clients
• Providing strategic advice to buy-side clients on all regulatory change projects impacting the derivatives and trading market market, including EMIR, SFTR, Securitisation Regulation, SFDR, MiFID2, BMR,BRRD and IBOR transition.
• Supporting clients in their implementation of UMR initial margin projects for Phases 5 and 6.
• Drafting netting and collateral enforceability opinions and reviews.
• Advising on UCITS asset eligibility and AIFMD requirements impacting portfolio transactions.
• Drafting and negotiating custody documentation (including the application of client money and assets rules / CASS), IMAs, TMAs and prime brokerage agreements.
• Collaborating with fund lawyers on fund prospectuses and other fund documentation.
• Drafting or reviewing derivative hedging instruments for financing transactions.
• Partnering with industry bodies such as AIMA, the Investment Association, EFAMA and ISDA.
• Project management of large-scale cross-border advisory projects.

Person/Role specification

• Candidates will ideally have 4+ years' PQE with experience in buy-side derivatives gained at a leading law firm or in-house.

The successful candidate must be:

• Conscientious and ambitious
• Agreeable but prepared to question and challenge.
• Collaborative
• Innovative - bringing fresh ideas and open to new ways of working

Here at Simmons & Simmons:

Simmons & Simmons is a place where dynamic minds thrive. Our culture is built on work that matters, you will work on inspirational and thought-provoking projects, using your influence to create positive impact for our clients, society and the planet. We also ensure that everyone's voice is heard from day one, irrespective of job title, qualification, or background. You'll be encouraged to have an enquiring mind and share ideas that can drive the firm forward. Through innovative learning and development opportunities, you will be provided with a platform to excel, enabling you to exceed your career ambitions and do things you never thought were possible.

Some key information:

• We offer a competitive package including bonuses dependant on role/level, private medical insurance and pension contribution.
• Our global skills academy provides our people, regardless of their role and location, with excellent learning opportunities (including live workshops, podcasts, short videos and practical learning experiences).
• We have adopted a hybrid working approach with a requirement for a minimum of two days in the office with flexibility dependant on role/team/client demands.
• We bring together the best legal advice from our established legal teams with non-traditional capabilities via Simmons & Simmons Solutions that enhance, expand and differentiate the Simmons offering.
• We are proud to rank as a top 30 Employer for Working Families and a top 25 Employer for Social Mobility.
• We have a range of social and sports committees, summer and winter parties and monthly get togethers.
• We have a range of diversity networks to connect people and celebrate our differences which is integral to our inclusive culture.
• All UK offices have their own artwork collections - including Damien Hurst and Tracey Emin pieces in the London office. We have a long-standing history in supporting the art community especially up-and-coming artists. =

If you're interested in finding out more about this position, please contact the Recruitment Team.