Legal Counsel
Posted Sep 30, 2026 · We last checked this listing on Oct 6, 2026
Likely interview questions for this role
Written from this job description, not a generic list. Each one notes what the interviewer is really checking.
About your past
Tell me about a negotiation where you had to give up something important. How did you decide what to trade?
What they are checking: Commercial judgment about which points matter most to the business and which are worth conceding.
Tell me about a time you had to push back on a business team that wanted to move faster than was legally safe.
What they are checking: Whether they hold the line on real risk while staying a partner to traders, not a blocker.
What would you do
A prime broker wants to tighten its margin terms during a volatile market. How do you advise the business?
What they are checking: Whether they can balance legal leverage with keeping a critical counterparty relationship working.
How would you lead implementation of a new transaction reporting rule that affects both the US and EU entities?
What they are checking: Whether they can run a regulatory project across jurisdictions with Risk, Treasury and operations.
Treasury asks you how a capital or liquidity rule change affects the firm. How do you explain it to non-lawyers?
What they are checking: Whether they turn complex regulation into clear guidance that internal teams can act on.
You have several urgent agreements from different desks due the same week. How do you prioritize?
What they are checking: How they manage a heavy workload by weighing business impact and risk across desks.
About the work
Walk me through the provisions you focus on first when negotiating an ISDA Master Agreement and CSA for a trading firm like this one.
What they are checking: Real depth in OTC derivatives documentation and knowing which terms carry the most risk.
How do netting and collateral arrangements protect us if a counterparty fails, and where do they fall short?
What they are checking: Understanding of close-out netting enforceability and the practical limits of collateral protection.
What are the key points you look at in a give-up agreement for futures clearing?
What they are checking: Familiarity with clearing relationships and the responsibilities split among executing and clearing brokers.
How do securities lending and repo documentation differ, and what risks do you watch for in each?
What they are checking: Breadth across financing documents named in the posting, including the GMSLA and GMRA style terms.
What do you look for in an account control agreement or deposit agreement with a bank?
What they are checking: Practical knowledge of banking documents that protect the firm's cash and control rights.
Practice this interview out loud.
Offer builds a real interview for this exact role at IMC Trading from your resume and this job description, asks the questions one at a time, and tells you what landed. The first one is free.
Practice this out loudThe full job description
As published by IMC Trading.