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Jane Street · 1 day ago

OTC Derivatives Documentation Specialist

NYC Metro Area

Full-time

Onsite

Senior Level

$225K/yr - $275K/yr

5+ years exp

Jane Street is a global trading firm, and they are seeking an OTC Derivatives Documentation Specialist to manage their OTC derivatives confirmations review process. In this role, you will collaborate with internal teams and external counterparties to ensure accurate and timely reviews and negotiations of trade confirmations and related documentation.

FinanceFinancial ServicesTrading Platform

Growth Opportunities

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 our 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

Qualification

OTC derivatives documentationFinancial services experienceNegotiation skillsMaster documentation familiarityClient service mentalityProcess orientationCommunicationAttention to detailTeam player

Required

5+ years of experience working as a negotiator in financial services, or in-depth relevant experience over a shorter period

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 orientated and has a proven ability to design and implement organizational systems that drive efficiency

Reliable, positive, dedicated, and flexible team player

Have a strong client service and teamwork mentality

Able to handle competing priorities and work effectively in a fast-paced environment