OTC Derivatives Lawyer/Documentation Specialist

Jane Street is seeking an OTC Derivatives Lawyer/Documentation Specialist to manage the global OTC derivatives confirmations review process. This role involves collaborating with internal Legal, Operations, and Trading teams, and liaising with external counterparties to ensure prompt and accurate review and negotiation of trade confirmations and related documentation. The specialist will draft, review, and negotiate confirmations for various derivatives, manage documentation tracking systems, and assist with legal reviews, ensuring accuracy and consistency across global offices.

Must Have

• Manage global OTC derivatives confirmations review
• Draft, review, and negotiate equity, FX, and interest rate derivatives confirmations
• Manage OTC derivatives documentation tracking system
• Create and update confirmation templates
• Assist with legal review of trade confirmations
• Negotiate with counterparties on trade terms
• Ensure accuracy and consistency in documentation
• 5+ years experience as a financial services negotiator
• Deep familiarity with OTC derivatives master documentation
• Highly organized with strong attention to detail
• Excellent written and verbal communication skills
• Process-oriented with system design ability
• Strong client service and teamwork mindset
• Ability to work in a fast-paced environment

Good to Have

• Juris Doctor (JD)

About the Position

We are looking for an OTC Derivatives Lawyer/Documentation Specialist to handle Jane Street’s global OTC derivatives confirmations review process. In this role, you’ll collaborate closely with our internal Legal, Operations, and Trading teams—and liaise directly with external counterparties—to facilitate prompt, accurate reviews and negotiations of trade confirmations and related documentation. While you’ll be based in New York, your daily work will cover activity across our global offices in New York, London, and Hong Kong.

Additional responsibilities of this role will include:

• 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

About You

• Have 5+ years of experience working as a negotiator in financial services, or in-depth relevant experience over a shorter period (having a JD is 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 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