Investment Funds & Securities Counsel - Margin Lending / Prime Brokerage

About Axiom:

Axiom is transforming the legal services landscape by delivering innovative solutions ranging from individual secondees to fully integrated project teams that combine top-tier talent with cutting-edge technology. Join our innovative talent community and help drive impactful legal solutions to complex problems in various industries.

Job Description:

We are seeking an Investment Funds & Securities Lawyer to join our growing team and support client engagements in asset management, financial services, and investment advisory sectors. This role is ideal for a junior to mid-level legal professional with experience advising on mutual funds, ETFs, private funds, and securities transactions, as well as margin lending and prime brokerage arrangements. The successful candidate will provide comprehensive legal support for registered funds and investment products, including guidance on new Margin Lending rules, trading agreements, and regulatory compliance.

Responsibilities:

•
Advise on the formation, operation, and ongoing compliance of registered investment funds, including ETFs and mutual funds.

•
Provide legal counsel on securities trading agreements, including swaps, options, futures, and equity/debt transactions.

•
Support prime brokerage arrangements, including fixed income and synthetic prime agreements, with familiarity in FINRA 4210, Regulation T, and Regulation U.

•
Counsel on Margin Lending compliance, including application and integration of updated margin rules.

•
Interpret and apply SEC regulations, including the Investment Company Act of 1940 and related federal securities laws.

•
Draft, review, and negotiate fund governance materials, offering documents, shareholder communications, and advisory agreements.

•
Collaborate with in-house counsel, compliance teams, and investment professionals to ensure alignment across fund products and securities transactions.

•
Monitor developments in asset management, trading, and margin regulations and provide proactive legal guidance.

Minimum Qualifications:

•
JD or equivalent with active bar membership in good standing.

•
4–15 years of experience advising on ETFs, mutual funds, private funds, or investment products.

•
Documented experience with new Margin Lending rules.

•
Experience with trading agreements, underwriting, and 33/34 Act compliance.

•
Familiarity with prime brokerage agreements, including fixed income and synthetic prime arrangements.

•
Strong drafting, communication, and independent working skills.

Preferred Skills:

•
Experience with major fund sponsors such as Vanguard, Fidelity, or MassMutual.

•
Prior in-house or law firm experience supporting registered or open-ended funds.

•
Knowledge of the SEC’s 2021 Marketing Rule and other regulatory guidance impacting funds.

•
Background in private equity, venture capital fund structuring, or institutional asset management.

•
Ability to manage complex fund workflows and contribute to product development and securities trading strategy.

Compensation, Benefits & Location:

This role offers a range of competitive compensation starting at $147,000, and a highly competitive benefits package in the alternative legal services marketplace that includes health benefits, 401k, and more. Axiomites also get access to professional development tools and resources and learning and development programs. Axiomites predominately work remotely, with the exception that some clients require on-site presence.

Axiom is the global leader in high-caliber, on-demand legal talent. Covering North America, the UK, Europe, and APAC, we enable legal departments to drive efficiency and growth and meet the demands of today’s business landscape with best in breed alternative legal services.

Axiom is a leader in diversity, inclusion, and social engagement. Diversity is core to our values and we are proud to be an equal opportunity employer. We are proud to be named a best place to work for LGBTQ+ Equality, earning top marks in the 2021 Corporate Equality Index for the second consecutive year. Axiom’s legal department is Mansfield certified and is committed to considering at least 50% diverse candidates for leadership roles and outside counsel representation.

Learn more about working at Axiom.

Equal Opportunity Employer: Axiom ensures equal employment opportunity in recruitment and employment, without discrimination or harassment on the basis of race, color, nationality, national or ethnic origin, religious creed or belief, political opinion, sex, gender reassignment, pregnancy or maternity, age, disability, alienage or citizenship status, marital (or civil or other partnership recognized by law) status, genetic predisposition or carrier status, sexual orientation, military service, or any other characteristic protected by applicable law. Axiom prohibits and will not tolerate any such discrimination or harassment.

Accommodation for Individuals with Disabilities: Upon request and consistent with applicable laws, Axiom will provide reasonable accommodations for individuals with disabilities who require an accommodation to participate in each stage of the recruitment process. To request an accommodation to complete the application form, please contact us at [email protected] and include “Applicant Accommodation” in the subject line.

Axiom respects your privacy. For an explanation of the kind of information we collect about you and how it is used, our full privacy notice is available at https://www.axiomlaw.com/privacy-notice.

Employment with Axiom may be contingent upon successful completion of a background check, providing proof of identity, and possessing the necessary legal authorization to work.

By submitting an application, you acknowledge that all information contained therein, and provided at any part of the application process, is correct and accurate to the best of your knowledge.

#LI-LC3