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Position: Head of Legal, North America

Reports to: Group Chief Legal Officer

Location: New York City, USA

Salary: USD 180,000 - 250,000

Overview - About MillTech

MillTech provides advanced FX Hedging and Cash Investment solutions to increase market access, reduce costs and automate manual workflows.

With a focus on automation, integration and connectivity, we have pioneered an independent risk management and liquidity solution for fund managers, institutions and global corporates, which is purpose-built to deliver best execution at scale.

Since its inception in 2020, the MillTech platform has grown to support over $500bn in annual FX volume and over $35bn in client programs and is now trusted by some of the world's largest institutions. In 2026, MillTech announced a $60m minority investment from the growth equity arm of Apax Partners which valued the company at $325m. As part of our next phase of growth, we will be opening an office in New York City this year.

Headquartered in London, the world's largest FX hub, MillTech provides services to clients in the United Kingdom, United States, Canada, Switzerland, Belgium, Denmark, Ireland, Luxembourg, Norway and Liechtenstein. MillTech is authorised and regulated by the UK's Financial Conduct Authority (FCA FRN 911636) and registered with the USA's National Futures Association (NFA).

The opportunity:

Your specific responsibilities will be:

Legal Documentation

• Draft, review and negotiate contracts with clients, counterparty banks, distribution partners and suppliers;
• Manage existing contracts with clients, distribution partners, counterparty banks and suppliers;
• Implement and manage standard agreements such as NDAs, standard business terms and conditions, ISDA/CSAs and associated documentation;
• Maintain HR-related policies and procedures, including the staff handbook; and
• Maintain data privacy policies and ensure compliance with applicable data protection law.

Policies and Procedures

• Supporting the business with compliance and regulatory change projects;
• Drafting and reviewing policies and procedures resulting from regulatory changes;
• Ensure client onboarding meets legal and regulatory requirements, with particular focus on:

• • Client reporting and marketing documentation review, approval and record keeping;
  • Keep client legal and compliance records up to date; and
  • Create, review and update compliance and legal policies and procedures on a regular basis.

Compliance Governance

• Monitor regulatory developments in the US and other jurisdictions in which the firm conducts business, and assess their impact on the business;
• Act as the firm's point of contact for regulators and external counsel on legal and compliance matters;
• Design and oversee the firm's compliance monitoring programme, including periodic reviews and remediation tracking;
• Report to senior management on legal, regulatory and compliance risks, breaches and remediation.

Requirements (essential);

• Working knowledge of US financial services regulation
• Knowledge of derivative documentation and regulation
• Ability to interpret a broad range of legal and regulatory provisions and advise stakeholders at all levels of seniority on the appropriate course of action;
• Excellent communication skills, both written and verbal, and the ability to work closely with colleagues and counterparties;
• Buy-side legal and compliance advisory experience is desirable;
• Strong attention to detail and accuracy;
• Self-motivated with good time management skills;
• High levels of integrity and the ability to act with due skill, care, diligence and confidentiality;
• Pay due regard to the interests of our customers and treat them fairly; and
• Dedication to observing proper standards of market conduct.

What we offer in return:

Our commitment is to help you flourish in this role, through support with your professional development, opportunities to be involved in key projects, and exposure to challenges that you may not be offered in a larger organisation. We will provide:

• A competitive salary with annual reviews;
• 25 days' paid annual leave plus an additional day per year of service;
• Excellent staff development and training opportunities;
• Flexible working arrangements including remote working;
• Healthcare

How to apply?

At MillTech we believe that diversity and inclusion are essential for fostering innovation and building a strong, supportive work environment. We are committed to embedding the best equality and diversity practices into all our activities, making us an inclusive, welcoming, and exciting place to work. We would welcome candidates from all backgrounds and experiences.

We would like to hear from you if you think that you're a good fit for this role. To apply you should upload your CV. One of the team will then be in touch with you to discuss the next steps.