OTC Derivatives Lawyer/Documentation Specialist at Jane Street

New York, New York, United States

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Not SpecifiedCompensation

Mid-level (3 to 4 years), Senior (5 to 8 years)Experience Level

Full TimeJob Type

UnknownVisa

Financial Services, TradingIndustries

Requirements

5+ years of experience working as a negotiator in financial services, or in-depth relevant experience over a shorter period (JD preferred but not required)
Deeply familiar with master documentation governing OTC derivatives, including the Equity Derivatives Definitions, Interest Rate Derivatives Definitions, and the FX and Currency Option Definitions, as well as Master Confirmations and Long Form Confirmations
Organized with exceptional attention to detail and accuracy
Strong written and verbal communicator
Self-motivated professional who is process oriented and has a proven ability to design and implement organizational systems that drive efficiency
Reliable, positive, dedicated, and flexible team player
Strong client service and teamwork mentality
Able to handle competing priorities and work effectively in a fast-paced environment

Responsibilities

Drafting, reviewing, and negotiating confirmations for equity, FX, and interest rate derivatives
Managing a system for tracking OTC derivatives documentation across all Jane Street offices
Working with Legal and Trading teams to create, maintain, and update confirmation templates, and identifying the appropriate confirmation template for each trade
Assisting with legal review of trade confirmations
Comparing terms and identifying discrepancies to ensure accuracy and consistency
Sending comments to counterparties and negotiating as needed
Monitoring communications with counterparties and acting as a point of contact for the desk, Legal, and counterparties
Following up to have negotiated confirmations reissued where appropriate
Checking coverage under existing master confirmation agreements
Obtaining signatures and collecting and returning fully executed copies to and from counterparties
Matching counterparty questionnaires on IHS Markit
Documenting and improving processes to maximize efficiency across teams
Collaborating closely with internal Legal, Operations, and Trading teams
Liaising directly with external counterparties to facilitate prompt, accurate reviews and negotiations of trade confirmations and related documentation

Skills

OTC Derivatives

Trade Confirmations

Negotiation

Equity Derivatives Definitions

Interest Rate Derivatives Definitions

FX Derivatives

Master Agreements

Documentation Management

Legal Review

Counterparty Management

IHS Markit

Jane Street

Liquidity provider and market maker trading globally

About Jane Street

Jane Street operates as a liquidity provider and market maker, engaging in trading across over 200 venues in 45 countries. The company utilizes technology and quantitative analysis to facilitate trading, which helps stabilize global markets. Their offices in major cities like New York, London, Hong Kong, and Amsterdam foster a collaborative environment where employees from diverse backgrounds share ideas and strategies. Jane Street emphasizes teamwork and humility, believing that these traits enhance their ability to innovate in trading strategies and technology. They invest in employee development through training, lectures, and a strong focus on continuous learning. The goal of Jane Street is to solve complex problems and build systems that contribute to the efficiency of financial markets, while also nurturing long-term careers for their employees.

New York City, New YorkHeadquarters

2000Year Founded

$1,091.2MTotal Funding

DEBT_GENERALCompany Stage

Quantitative Finance, Financial ServicesIndustries

1,001-5,000Employees

Risks

Legal challenges over intellectual property theft could harm reputation and finances.

High-profile investments like CoreWeave expose Jane Street to market volatility.

Intensifying AI competition may pressure Jane Street to increase R&D spending.

Differentiation

Jane Street excels in technological innovation, including functional programming and machine learning.

The firm operates on over 200 platforms across 45 countries, showcasing global reach.

Jane Street's collaborative culture fosters teamwork and innovative problem-solving.

Upsides

AI-driven trading strategies enhance predictive accuracy and operational efficiency.

DeFi platforms offer new opportunities for liquidity provision and market making.

Quantum computing advancements could give Jane Street a competitive edge in algorithmic trading.

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