What will I be doing?
Handling legal and financial aspects of our business. These two frameworks form the foundation on which our business (or any business) is based.
What skills will I be developing?
You’ll learn both law and finance and how to put them together in the broader picture. Staying in compliance, adequate disclosure, and contract law affect every aspect of our business. You’ll develop skills in all of these areas.
What are the unique advantages of this opportunity?
You will learn how to look at legal and financial issues from an expert perspective, benefiting from the knowledge base of our professional advisors. You can move into handling innovative areas at the frontiers of finance early in your career while still keeping up with the dynamics of contemporary international legal and regulatory environments.
What is uniquely challenging about this opportunity?
This role requires a higher level of skill with documents and written language than any other position at Spark. Your work will be both comprehensible to different audiences and legally accurate.
How is this work different from that of a lawyer?
We use the finest legal counsel in the country. We spare no expense when it comes to law or compliance with the law. Having received their expert advice, we follow it.
Though many of these legal specialists have exceptional expertise in their fields, they have many clients and cannot possibly be expert in every detail of our in-house business and strategy. In-house staff can be empowered to change the primary deal terms and economics while relying on outside counsel for detailed legal and compliance advice.
You’ll need to grasp the financial and legal impact of business decisions and the business and financial impact of legal decisions in a way that seamlessly integrates these functions. You will be expected to move back and forth between these two worlds in a way which a lawyer, whose primary responsibility must be an encyclopedic knowledge of applicable laws and regulations, is not typically responsible for.
Does this position require a JD?
We don’t require a JD. More important than prior training is to be able to develop the skills to choose our firm’s course of action.
Could you give me an example of how this work differs from that of a lawyer?
Our business strategy is proprietary, but we have listed two hypothetical assignments you might receive early in your career.
These are hypothetical examples which do not span the range of possibilities for the position. Your actual work assignments may include none of these and may be more or less challenging. These hypothetical examples do not include the highest level of possibilities for the position. YOU SHOULD NOT RELY ON THESE HYPOTHETICAL EXAMPLES IN MAKING ANY EMPLOYMENT DECISIONS.
Prime Brokerage Benchmarking
You might benchmark our existing prime brokerage agreements against industry norms. You would examine current agreements with respect to leverage, procedures for changes in leverage, and counterparty reliability. If applicable, you might recommend asking some brokers for better terms in some areas.
To do a good job, you would need to be able to understand complex documents and to ask questions about financial terms you were unfamiliar with.
Leveraged Financing Arrangements
Leveraged investment strategies have higher risks and can generate profits (or losses) using less capital than unleveraged strategies. There are many different types of leveraged financing: secured loans, over-the-counter swaps, and cross guarantees, among others. More leverage can be desirable, but managing the risk of these arrangements is paramount. You would review our existing arrangements, learn more about the alternatives available from large financial institutions, and make a recommendation.
To do a good job, you would need to understand the details of different financing terms and assess how the language might be interpreted under different stress conditions. You would have to weigh the financial risk of different financing schemes and make realistic judgments. You might negotiate the language changes in some of the agreements or recommend changes in our financing strategy.Apply Online