Prime Brokerage and Securities Finance Attorney, Clear Street
$160-220k
+ Equity
4 days a week in office
Modern infrastructure for capital markets
Open for applications
Modern infrastructure for capital markets
501-1000 employees
Open for applications
$160-220k
+ Equity
4 days a week in office
501-1000 employees
Company mission
To rebuild the infrastructure that supports the capital markets, bringing them into the future.
Role
Who you are
- 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
What the job involves
- 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
- This role will 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
Our take
Clear Street is building up-to-date, cloud native infrastructure for capital markets, bringing clients faster and easier access to things like reporting, clearing, custody and execution.
It’s been quite a rise to prominence for the New York based startup, which surpassed a billion dollar valuation in 2022 despite only launching in 2018. However, given the previous industry experience of its founders, Clear Street's success should come as no surprise. The trio built the platform as a remedy to their own pain points, missed opportunities, and lack of access to key data in the prime brokerage space.
With its Unicorn status secured and its list of clients growing, Clear Street has been experiencing a period of rapid expansion, both geographically and across the financial services industry. It is also well-funded, which allows it to continue to pursue better infrastructure for capital markets into the future.
Kirsty
Company Specialist at Welcome to the Jungle
Insights
11% employee growth in 12 months
Company
Funding (last 2 of 3 rounds)
Apr 2023
$270m
SERIES B
May 2022
$165m
SERIES B
Total funding: $470m
Company benefits
- 401k matching
- Full medical, dental and vision insurance
- Generous vacation time
- Opportunities for professional development
- In-office benefits include lunch stipends, fully stocked kitchens, happy hours, and amazing office views
Company HQ
World Trade Center, New York, NY
Leadership
Chris Pento
(Board Member & Co-founder)Financial services & investment veteran with over 30 years in the sector. Worked in Senior Management & Executive roles at Merrill Lynch, Knight Capital, Arxis Capital, Exos Financial, and Engineers Gate LP, before co-founding Clear Street in 2018.
Sachin Kumar
(Board Observer & Co-founder)Former Pearl Rothman Software Engineer who has founded two previous FinTech companies - Tolo Technologies, and QED Trading.
Uriel Cohen
(Chair & Co-founder)Trader, investor, and founder of proprietary trading firm Highland Capital Group. Co-founded proprietary investment firm Alpine Global Management in 2012.
Ed Tilly
(CEO)Was Chair and CEO at Cboe Global Markets for 11 years, and prior to that a Market Maker at Fossett Corporation.
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