Associate General Counsel
Cumberland provides institutional OTC liquidity and market-making services for digital assets, offering 24/7 access to deep cryptocurrency and stablecoin markets.
About Cumberland
Cumberland provides liquidity solutions for institutional investors in the cryptoasset space through OTC spot trading, exchange-traded derivatives, bilateral options, and non-deliverable forwards. Founded as the crypto division of DRW Holdings, Cumberland operates globally with offices in Chicago, London, and Singapore, offering 24/7 trading access through voice markets, electronic platforms, and API connections.
Skills
About the Role
You will support DRW's trading businesses and treasury management function in the London office. You will draft, review and negotiate a wide range of trading documentation, including ISDA Master Agreements, Credit Support Annexes, GMRA, GMSLA, Master Give-Up Agreements, prime brokerage agreements, portfolio margining agreements, custody agreements and master confirmations. You will advise internal business teams from initial discussions through documentation, execution and ongoing post-execution support. You will lead legal negotiations with counterparties and coordinate with internal subject matter experts, support groups and outside counsel.
Requirements
- At least 5 years of experience as a practicing lawyer in the UK with a focus on derivatives
- Strong familiarity with ISDA Master Agreements, Credit Support Annexes, GMRA, GMSLA, prime brokerage agreements, portfolio margining agreements, custody agreements and master confirmations
- Knowledge of electronic trading and associated documentation
- Experience negotiating derivatives and trading documentation with a range of entity types
- Comfortable working independently in a fast-paced environment and on tight timelines
- Ability to effectively communicate at all levels of the firm and across all functional groups
- Buy-side experience preferred but not required
- Experience with digital assets and/or EFETs for physical gas trading preferred but not required
Responsibilities
- Draft, review and negotiate ISDA Master Agreements, Credit Support Annexes, GMRA, GMSLA, Master Give-Up Agreements, prime brokerage agreements, portfolio margining agreements, custody agreements and master confirmations
- Advise internal business teams from initial discussions through documentation, execution and post-execution support
- Lead legal negotiations with counterparties
- Coordinate with internal subject matter experts, support groups and outside counsel
