Full-Time

ISDA Documentation Negotiator

Posted on 8/19/2024

Clear Street

Clear Street

501-1,000 employees

Provides prime brokerage and trading services

Fintech
Financial Services

Compensation Overview

$120k - $160kAnnually

Mid

New York, NY, USA

Requires in-office presence 4 days per week.

Category
Legal
Legal & Compliance
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 and enhancing user experience. The company's goal is to modernize capital markets infrastructure, making trading more efficient and accessible for both individual and institutional clients.

Company Stage

Series B

Total Funding

$457.2M

Headquarters

New York City, New York

Founded

2018

Growth & Insights
Headcount

6 month growth

21%

1 year growth

41%

2 year growth

58%
Simplify Jobs

Simplify's Take

What believers are saying

  • Clear Street's expansion into the UK opens new market opportunities in Europe.
  • The demand for cloud-native financial platforms is increasing, benefiting Clear Street's offerings.
  • Growing interest in API-first solutions supports Clear Street's technology-driven approach.

What critics are saying

  • Clear Street faces strong competition from established UK players like Barclays and HSBC.
  • Potential regulatory challenges in Europe could increase compliance costs for Clear Street.
  • Integration of Fox River may disrupt operations if not managed effectively.

What makes Clear Street unique

  • Clear Street offers a cloud-native clearing and custody system for capital markets.
  • The company provides a unified platform for trading equities and options globally.
  • Clear Street's API-first platform allows seamless integration with other financial systems.

Help us improve and share your feedback! Did you find this helpful?

Benefits

Company equity

401k matching

Parental leave

Full medical, dental & vision insurance

Lunch stipends

Fully stocked kitchens

Happy hours

INACTIVE