Schroders
Legal Counsel (Derivatives) - 12 month Contract role

How your CV stacks up
Upload your CV to see how well it fits this job role
?%
Job Description
Who we're looking for?
An enthusiastic, proactive, and strong candidate who is interested in gaining experience in a broad, challenging, and rewarding full-service role. The successful candidate will have excellent technical skills, a can-do mentality and commercial approach, be inquisitive, and able to develop creative legal solutions. They will have the confidence to assess business and legal risk to prioritize workload demands, and strong interpersonal and communication skills required to build constructive working relationships with various internal stakeholders and external advisers.
About Schroders
We're a global investment manager. We help institutions, intermediaries, and individuals around the world invest money to meet their goals, fulfill their ambitions, and prepare for the future.
We have around 5,000 people on six continents. And we've been around for over 200 years, but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients, and society, prosper.
Schroder Investment legal team is made up of numerous lawyers and paralegals. We support the investment business in reviewing, drafting, and advising on various drafting agreements.
Reasons to use Rodeo
I’m in my final year doing Economics and I don’t know whether to apply for grad schemes now or do a masters first. What do you think?
Honest answer — it depends on where you want to end up. A lot of top grad schemes (Big 4, civil service, banking) don’t need a masters. Let’s look at the ones you’d be competitive for now, and we can decide if a masters actually adds anything.
Also worth knowing: most autumn 2026 applications are open now. Timing matters more than you think.
Start with a chat, not a search bar
Grad scheme, placement, apprenticeship? Not sure what you want yet — that's fine. Your agent talks it through with you and turns "I have no idea" into a shortlist.
Graduate Consultant — 2026 Scheme
Why you're a good match
StrongYour economics background and your summer at a regional bank line up with what PwC looks for on the consulting scheme. Applications close in four weeks.
See breakdownIt searches the market for you
Every day your agent scans the market matching roles against what actually matters to you, not just keywords on a CV.
Why you're a good match
You’ve got the grades and the economics background, and your bank internship is exactly the experience this scheme looks for. Apply soon — deadlines close within the month.
Experience fit
Your summer at the bank plus your econometrics coursework map directly to the day-one responsibilities on this scheme — client modelling, market briefings, and deal support.
Only hits
No noise. No "maybe this fits." Just roles with a clear explanation of why they're right — and where to focus when applying.
The focus of the role would be various forms of derivatives work.
Duties
- Provide full legal support to Schroders’ derivatives and all trading activities.
- Supporting Schroders, in London and Luxembourg, Asia-Pacific, and the Americas, in the increasing use of derivative instruments, advising on the legal implications, and dealing with all legal documentation requirements; keeping work tracker updated at all times.
- Drafting, reviewing, negotiating, and completing Schroders’ OTC derivatives documentation (ISDA, VM & IM CSA, Accession, and Amendment Agreements).
- Drafting, reviewing, negotiating, and completing other market counterparty documentation (GMRA, FX trading agreements, MCAs, clearing agreements, prime brokerage agreements, business terms of market counterparties, confidentiality agreements).
- Analyzing and advising on new derivatives products in which Schroders is considering to invest on behalf of its clients.
- Using efficiently outside counsel and other in-house legal resources. Obtaining focused advice where appropriate.
- Liaising clearly and openly with line manager and with all departments/areas using derivatives.


Get help with your application
Your very own career expert that helps elevate your application to the next level.
Essential Skills
- University degree or equivalent; and qualified lawyer
- Strong team player
- Demonstrated experience as a qualified lawyer in private practice and/or in-house in a financial services firm (ideally investment management), in each case with an in-depth knowledge of derivatives work.
- Exposure to a wide range of ISDA documentation, GMRA, FX trading agreements, and structured finance.
- Good drafting and written communication skills.
- Able to develop and demonstrate strong working relationships with other members of the firm, including (but not limited to) fund managers, client directors, compliance, operations, credit / risk, and product control; and with counterparty lawyers, credit, operational, and front office staff.
About Us
We're a global investment manager. We help institutions, intermediaries, and individuals around the world invest money to meet their goals, fulfill their ambitions, and prepare for the future.
We have around 6,000 people on six continents. And we've been around for over 200 years, but keep adapting as society and technology changes. What doesn't change is our commitment to helping our clients, and society, prosper.
“It took my CV and asked me questions relevant to understanding what kind of jobs to suggest for me. Suggestions were almost perfect. Jobs were exactly what I’ve been looking for.”
Jessica, London
Skills
Location