Senior Commercial & Data Counsel, Parameta Solutions

The TP ICAP Group is a world leading provider of market infrastructure.

Our purpose is to provide clients with access to global financial and commodities markets, improving price discovery, liquidity, and distribution of data, through responsible and innovative solutions.

Through our people and technology, we connect clients to superior liquidity and data solutions.

The Group is home to a stable of premium brands. Collectively, TP ICAP is the largest interdealer broker in the world by revenue, the number one Energy & Commodities broker in the world, the world’s leading provider of OTC data, and an award winning all-to-all trading platform.

The Group operates from more than 60 offices in 27 countries.  We are 5,300 people strong.  We work as one to achieve our vision of being the world’s most trusted, innovative, liquidity and data solutions specialist.

About Parameta Solutions

Parameta Solutions is home to our data and analytics business.

It is a world-leading provider of OTC market data, offering unbiased data products that facilitate trading, enhance transparency, reduce risk and improve operational efficiency. We help clients to make more efficient investment, portfolio analysis, valuation, risk management and compliance decisions. 

Rigorous quality assurance processes ensure the integrity and robustness of our products, which include pricing, reference data and analytical tools for major asset classes and markets.

Our offering includes real-time price information from the major OTC financial and commodity markets delivering high quality independent data in a number of asset classes including Rates, FX and Money Markets, Volatility, Oil, Energy, Inflation, Credit and Equities. 

Parameta Solutions strategy focuses on three pillars:  firstly, distribution,  via third-party channels, as well as direct channels, such as the cloud. Second, Parameta is offering more innovative products, including evidential data solutions and benchmarks and indices (Parameta is an FCA authorised benchmark administrator in the UK and an ESMA authorised benchmark administrator in the EU, making it the first IDB to administer OTC benchmarks and indices across Europe and the UK. Finally, the business is expanding its buy-side client base.

Role Overview

We are seeking a Senior Commercial and Data Counsel to provide dedicated legal support to the Parameta Solutions business across global markets. This role will be central to advising on a wide range of commercial and data-related legal matters within a dynamic financial services environment.

As the lead lawyer for Parameta Solutions, you will partner with senior management and cross-regional teams to ensure legal strategies align with business objectives. You will also contribute to global projects, support innovation in new products and solutions, and ensure legal and regulatory compliance.

This position is part of the wider EMEA Legal team and includes line management responsibility for one Counsel.

Key Responsibilities

• Operate as the lead lawyer for Parameta Solutions, partnering with senior management across EMEA, Americas, and APAC.

• Draft, review, and negotiate Master Data Services Agreements, market data contracts, and commercial agreements across the client base.

• Support new product initiatives by drafting and negotiating SaaS, trading, onboarding, and post-trade documentation.

• Advise on rulebook drafting in collaboration with Compliance.

• Provide legal input on strategic projects and commercial initiatives, balancing risk with business objectives.

• Partner with commercial, operations, and sales teams to design and optimise processes for contracts and sales management.

• Manage a broad range of commercial agreements, including licensing, technology procurement, support, and NDAs.

• Deliver general legal and regulatory advice, including on issues relevant to Parameta Solutions as a regulated Benchmark Administrator.

• Review and approve marketing collateral to protect legal and reputational integrity.

• Liaise across TP ICAP divisions and work closely with in-house legal teams globally.

• Engage and manage external counsel, ensuring cost efficiency.

• Provide leadership and development for one direct report.

Experience & Competencies

Essential

• Extensive post-qualification experience in a City law firm or in-house, specialising in corporate and/or commercial agreements (ideally within a market data or financial services environment).

• Strong track record in negotiating complex commercial contracts in financial services.

• Ability to translate complex legal issues into practical business strategies and solutions.

• Experience managing the legal aspects of cross-functional, large-scale projects.

• Proven ability to work with senior stakeholders to shape and implement strategies aligned to legal risk appetite.

• Demonstrated self-motivation and proactivity, with the ability to multi-task in a fast-paced environment.

• Exceptional attention to detail and excellent written/oral communication skills.

• Strong relationship-building skills with the ability to influence and inspire confidence at senior management level.

• Demonstrated success in designing and implementing efficient legal processes to support growth or transformation.

• Previous management/mentoring experience with the ability to develop and support team members.

• University degree and qualified as a Solicitor of the Senior Courts of England and Wales (or equivalent qualification).

Desired

• Specific experience in market data licensing and distribution arrangements.

• Familiarity with SaaS and technology agreements within financial markets.

• Experience advising on benchmark regulation and related compliance requirements.

• Exposure to regulatory frameworks impacting financial services and data-driven businesses.

• Previous experience in a high-growth, innovative, or transformation-focused environment.

• Experience working with global teams across multiple jurisdictions.

Job Band & Level

• Manager / 7

#PARAMETA #LI-Hybrid #LI-MID

Not The Perfect Fit?

Concerned that you may not meet the criteria precisely? At TP ICAP, we wholeheartedly believe in fostering inclusivity and cultivating a work environment where everyone can flourish, regardless of your personal or professional background. If you are enthusiastic about this role but find that your experience doesn't align perfectly with every aspect of the job description, we strongly encourage you to apply. You may be the ideal candidate for this position or another opportunity within our organisation. Our dedicated Talent Acquisition team is here to assist you in recognising how your unique skills and abilities can be a valuable contribution. Don't hesitate to take the leap and explore the possibilities. Your potential is what truly matters to us.

Company Statement

We know that the best innovation happens when diverse people with different perspectives and skills work together in an inclusive atmosphere. That's why we're building a culture where everyone plays a part in making people feel welcome, ready and willing to contribute. TP ICAP Accord - our Employee Network - is a central to this. As well as representing specific groups, TP ICAP Accord helps increase awareness, collaboration, shares best practice, and holds our firm to account for driving continuous cultural improvement. 

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