Job Overview
We are seeking a business-minded legal professional to join the Funds Group to provide proactive legal support to our pooled investment fund business. This role will be responsible for legal work supporting the derivatives-trading activity of our sponsored funds, including the drafting and negotiating of International Swaps and Derivatives Association (ISDA) agreements and related documentation. This role requires a working knowledge of certain derivatives, including the applicable regulatory frameworks and market practices. This role also requires strong negotiation and communication skills. This role will provide impactful support to our pooled investment funds and will have significant opportunities for professional development, working alongside a team of attorneys and other professionals within the Funds Group.
The Funds Group
Arrowstreet sponsors a number of pooled investment funds, each managed according to one of our offered investment strategies. The Funds Group within Arrowstreet is a team of experienced professionals responsible for managing the formation, development and oversight of these sponsored funds.
Responsibilities
- Provide substantive legal advice and related support on a variety of legal and regulatory topics related to certain derivatives, with a particular focus on the following areas:
- OTC derivatives: FX forward contracts and equity swaps
- Exchange traded derivatives: futures contracts
- Support investment and trading related efforts for our funds, such as:
- Prime brokerage relationships and related legal agreements
- Futures commission merchant (FCM) and brokerage relationships, including legal agreements
- Support other trading activity and new investment initiatives, including trading related documentations and liaising with trading counterparties
- Support new fund launches and investor intake efforts, such as:
- Fund formation of various private fund structures in various jurisdictions
- Investor onboarding, including fund document review, issues identification and maintenance of internal records
- Service provider onboarding efforts, such as onboarding trading counterparties, administrators and prime brokers
- Work directly with members of the investment teams at Arrowstreet, as well as directly with external trading counterparties on legal and regulatory matters
Our Ideal Candidate
- possesses good judgment and a mindset for risk management & mitigation
- Is a self-starter who works proactively and thinks both strategically and tactically
- Is inquisitive, with a desire to work across a broad range of activities
- Has the ability to work in a dynamic environment and prioritize, often under tight deadlines
- Maintains a diligent work ethic, has strong analytical and organizational skills and strong attention to detail
- Has excellent interpersonal, verbal and written communication skills and enjoys working collaboratively
Qualifications
- J.D. degree from an accredited institution
- Must be a member in good standing of the Massachusetts state bar
- 7+ years of relevant experience, including experience at an established investment manager, financial institution or law firm.
- Working knowledge of ISDA documentation and experience with the legal and regulatory landscape of OTC derivatives.
Arrowstreet Capital is a Boston-based systematic investment firm that manages global equity portfolios for institutional investors around the world.
Arrowstreet Capital is an equal opportunity employment firm. All qualified applicants will receive consideration for employment without regard to sex, race, color, religion, national origin, ancestry, gender identity, genetic information, age, sexual orientation, pregnancy, medical condition, disability, veteran or military status, marital status or any other characteristic protected by federal, state, or local law.
Arrowstreet Capital is committed to working with and providing reasonable accommodations for qualified individuals with disabilities and disabled veterans. If you need a reasonable accommodation for any part of the employment process due to a disability, contact us to discuss the nature of your request and contact information.
Top Skills
What We Do
Arrowstreet Capital is a Boston-based investment manager that provides global and international equity investment strategies and fund products to institutional investors such as pension plans, endowments, foundations, and registered/unregistered commingled investment funds.
We offer a select range of global equity investment strategies managed as long-only, alpha extension and long/short utilizing a broad range of instruments, including swaps and futures. Our investment process utilizes quantitative methods that focus on identifying and incorporating investment signals into our proprietary return, risk and transaction cost models. Our investment approach involves creating and investing in diversified equity portfolios. We utilize a structured investment process that attempts to add value relative to a client specific benchmark. This involves identifying opportunities across companies, sectors and countries by evaluating a diverse set of fundamental and market-based predictive factors. Portfolios are constructed through the use of a mean variance optimizer and proprietary risk and transaction cost models.
Arrowstreet Capital manages approximately $100 billion for over 200 client relationships in North America, the United Kingdom, Europe and the Asia-Pacific regions.
