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Full-Time

ISDA Documentation Negotiator

Confirmed live in the last 24 hours

Clear Street

Clear Street

201-500 employees

Provides prime brokerage and trading services

Fintech
Financial Services

Compensation Overview

$120k - $160kAnnually

+ Equity + Bonus

Mid, Senior

New York, NY, USA

Requires in-office presence 4 days per week.

Category
Legal
Legal & Compliance
Required Skills
Communications
Requirements
  • 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.
Responsibilities
  • 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.

Clear Street provides a unified platform for trading various financial products, including equities and options, across major markets. Their services focus on prime brokerage, which encompasses trade execution, financing, clearing, and custody, helping clients manage their trading activities effectively. The platform is cloud-based and API-first, allowing for easy integration with other systems and scalability for users. This approach sets Clear Street apart from competitors by reducing technical setup time for clients, enabling them to concentrate on trading. The company's goal is to enhance the infrastructure of capital markets, making trading more efficient and accessible for a wide range of clients, from individual investors to large institutions.

Company Stage

Series B

Total Funding

$1.3B

Headquarters

New York City, New York

Founded

2018

Growth & Insights
Headcount

6 month growth

14%

1 year growth

31%

2 year growth

38%
Simplify Jobs

Simplify's Take

What believers are saying

  • The appointment of industry veterans like Edward Tilly and Sean Hendelman strengthens Clear Street's leadership and strategic direction.
  • Clear Street's launch of futures clearing services and professional clearing services for market makers opens new revenue streams and market opportunities.
  • The company's strong capital base and rapid client acquisition, with over 160 new institutional clients in the past year, indicate robust growth potential.

What critics are saying

  • The competitive landscape of financial technology and prime brokerage services could pressure Clear Street to continuously innovate to maintain its edge.
  • Integrating acquisitions and new hires may pose challenges in maintaining a cohesive company culture and operational efficiency.

What makes Clear Street unique

  • Clear Street's cloud-based, API-first platform offers unparalleled scalability and flexibility, setting it apart from traditional prime brokerage services.
  • The company's focus on modernizing capital markets infrastructure through a unified platform for trading equities and options provides a seamless experience for sophisticated traders.
  • Clear Street's rapid expansion and acquisition strategy, including the purchase of algo firm Fox River, demonstrates its commitment to innovation and growth.

Benefits

Company equity

401k matching

Parental leave

Full medical, dental & vision insurance

Lunch stipends

Fully stocked kitchens

Happy hours