Compensation Overview

About Clear Street: Clear Street is building modern infrastructure for capital markets. Founded in 2018 by top Wall Street and Silicon Valley veterans, Clear Street is an independent, non-bank prime broker designed to solve the industry’s most neglected problem: legacy technology.

We have built a proprietary, cloud-native clearing and custody system from the ground floor to replace the outdated infrastructure used across capital markets. Our platform is fully integrated with central clearing houses and exchanges to support billions in trading volume per day. We’ve agonized about our data model abstractions, created horizontal scalability, and crafted thoughtful APIs. All so we can provide a best-in-class experience for our clients. 

By combining highly-skilled product and engineering talent with seasoned finance professionals, we’re building the essentials to compete in today’s fast-paced markets.

The Role

In this role you will prepare, negotiate, and track various legal agreements covering derivatives and securities financing transactions, which include but are not limited to Master Repurchase Agreements, Master Securities Loan Agreements, the ISDA Master Agreement, ISDA Credit Support Annexes, trade confirmations, clearing agreements, futures agreements, regulatory documents, and other related documentation, including netting opinions, clearing execution agreements, and other standard market agreements and underlying documentation related to these agreements.

• Coordinate with front and middle office, onboarding, compliance, and the credit/risk department in the negotiation of the various legal agreements;
• Interpret policies, procedures, and compliance requirements
• Identify and mitigate business and legal risks
• Advise management of industry trends or issues based on recently negotiated transactions
• Work on various projects, including amending and updating templates, processes, and systems to ensure consistency with business objectives and compliance requirements.

Experience/Skills

• At least three (3) years of professional experience at a large financial institution as a document negotiator.
• Qualified candidates are required to have a J.D. degree
• Specific knowledge of equity, interest rate, commodity, and credit derivatives 
• Experience negotiating with sophisticated counterparties is a plus
• Experience negotiating non-disclosure agreements (NDAs) would be helpful
• Effective oral and interpersonal skills a must. Skillful written communication is necessary; the ability to convey thoughts clearly and succinctly and to communicate pertinent complex information in a clear and organized manner.
• Strong analytical and organizational skills.

The Base Salary Range for this role is $120,000 - $160,000. This range is representative of the starting base salaries for this role at Clear Street. Where a candidate falls in this range will be based on job related factors such as relevant experience, skills, and location. This range represents Base Salary only, which is just one element of Clear Street’s total compensation. The range stated does not include other factors of total compensation such as bonuses or equity.

At Clear Street, we offer competitive compensation packages, company equity, 401k matching, gender neutral parental leave, and full medical, dental and vision insurance. Our belief has always been that we are better as a business when we are all together in person. As such, beginning on January 2, 2023, we are requiring employees to be in the office 4 days per week. In-office benefits include lunch stipends, fully stocked kitchens, happy hours, a great location, and amazing views.

Our top priority is our people. We’re continuously investing in a culture that promotes collaboration. We help each other through challenges and celebrate each other’s successes. We believe that modern workplaces succeed by virtue of having high-performance workforces that are diverse — in ideas, in cultures, and in experiences. We put in the effort to make such a workplace a daily reality and are proud to be an equal opportunity employer. #LI-Hybrid