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Postby Anonymous User » Sun Dec 15, 2013 6:44 am

Anyone have any intel on the whole prime-brokerage/securities finance-documentation world? There are very few positions for this and I wonder if it's because it's a contracting industry here in the States (still active in the UK because of more relaxed regs.) or because most broker-dealers and hedgefunds get serviced at boutique law firms.

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Re: Prime-Brokerage

Postby SHANbangs » Tue Dec 17, 2013 4:31 am

I can't speak to this, but I'm actually looking to find work in a related industry. I did ISDAs over the summer. It seems there is work in this field, but it is a JD-preferred position, and the work is pretty obscure to most people (since, technically, you are "operations" back/middle office of IBs). The biggest hurdle to entering is experience, but the need is indeed there, and I think, depending on who you ask, it is growing. I spoke to a few recruiting firms and they do place people on a contract basis. Pay is obviously nowhere close to big law, but the hours are quite good and on a per hour basis it's not bad. Moreover, the general tone I got was that their contract consultants usually get picked up by the banks they get placed in.

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