Derivatives Counsel (ISDA Specialist)
Micro1 • Remote
Education
Master's
Type
Hourly
Pay Rate
$180–$200/hr
Actively Hiring
50 openings
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From the Micro1 listing
Job Title: Derivatives Counsel (ISDA Specialist) Job Type: Contractor Location: Remote Job Summary: We are seeking seasoned Derivatives Counsels for a part-time role at the forefront of legal AI. This opportunity is for elite lawyers who want to help shape how advanced AI is trained, evaluated, and applied in real-world legal work, especially those with deep experience drafting, reviewing, negotiating, and redlining ISDA Master Agreements and related derivatives documentation. In this role, you will review, assess, and contribute to contract redlining workflows used to train and evaluate state-of-the-art AI models. Your work will directly improve how these systems identify risk and interpret derivatives documentation to create tools with improved precision and legal judgment.
Key Responsibilities
- Perform simulated negotiations and redlining exercises on ISDA Master Agreements.
- Review and assess AI responses to derivatives contract scenarios, providing expert feedback to improve model performance and output precision.
- Create objective evaluation frameworks and grading criteria to assess AI performance on derivatives documentation tasks with rigor and consistency.
- Collaborate with product and research teams to refine data, guidelines, and best practices for AI-driven contract review solutions.
Required Skills and Qualifications
- Minimum of 3 years of experience in derivatives documentation, with hands-on negotiation of ISDA Master Agreements, LPAs, CSAs and other types of commercial agreements.
- Deep familiarity with key ISDA provisions, including events of default, termination events, close-out netting, and collateral terms.
- Exceptional written and verbal communication skills with meticulous attention to detail.
- Strong analytical capabilities and ability to translate legal expertise into actionable feedback for AI systems.
- Experience working with cross-disciplinary teams in fast-paced environments.
Preferred Qualifications
- Prior exposure to AI, legal tech, or training initiatives.
Why Join
- This is an opportunity to work at the intersection of law and technology.
- You will help define how AI is developed for a new generation of legal practitioners.
- You will apply your experience in a high-impact research environment.
Compensation Structure
Compensation is task-based, meaning experts are paid per completed task that meets the project specifications. The average handling time (AHT) is approximately 3.5 hours per task, and the effective hourly rate will depend on the number of tasks completed and successfully signed off.
Requirements
- ISDAs
- Derivatives
- Contract Negotiation
- Contract Redlining
- Contract Drafting
- Must be eligible to work in Remote
How long hiring takes
Across the AI training platforms we refer candidates to, the median gap between referral and hire is about 30 days. It varies by platform and role, so treat it as a rough guide for this one.
Why this role
- This is an opportunity to work at the intersection of law and technology. - You will help define how AI is developed for a new generation of legal practitioners.
Talent pool
We're light on Legal candidates
We've matched 7 people with a Legal background against 209 Legal listings we've tracked, so most go out without one. Set up a profile and we'll consider you for a role like this one.
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Common questions
Can I apply to Micro1 from outside the US or UK?
Yes. Micro1 accepts applicants from most countries worldwide, unlike DataAnnotation or Outlier, both of which cap access to a handful of English-speaking countries. Most roles still require strong written and spoken English.
Does Micro1 monitor your computer while you work?
On many projects, yes, through time-tracking tools that take periodic screenshots to verify active hours. Check the specific project's requirements before accepting if desktop monitoring is a dealbreaker.
Why do these AI training roles pay so much?
Because general knowledge isn't what's being tested. The model already knows the basics; what it needs is expertise on edge cases, the rare, difficult, highly technical judgment calls only a senior professional in the field would make correctly.
What does the day-to-day workload look like for elite-expert AI training roles?
Slow and deep, not fast and repetitive. A single task can take 45-60 minutes of researching citations or verifying complex calculations. Quality is what's being measured here, not throughput.
What does Legal work look like for a Derivatives Counsel (ISDA Specialist)?
Tasks here are scoped to Legal, not generic labeling. As a Derivatives Counsel (ISDA Specialist), expect to draw on real domain judgment (evaluating outputs, correcting errors, or providing expert reasoning specific to Legal) rather than following a one-size-fits-all rubric. If you don't have hands-on Legal background, this is likely not the right listing to start with.
What specific skills does this listing call for?
ISDAs, Derivatives, Contract Negotiation, and Contract Redlining are named directly in the listing. If you don't have hands-on experience with these, expect the screening process to test for them directly rather than accepting adjacent experience as a substitute.
What does the 'openings' count on this listing mean?
It's Micro1's live count of how many candidates it's still trying to place for this specific role, 50 right now, not a countdown on your individual application. A higher number signals more active demand; it doesn't lower the bar for acceptance.
How much does this specific role pay?
This listing is posted at $180–$200/hr, an hourly rate. The range reflects experience level and negotiated terms, not a placeholder, so where you land in it depends on your background and the assessment. Pay can change between when we last checked the listing and when you apply, so confirm the current number on the platform's own application page before committing time.
What happens when I click Apply on this listing?
You'll be taken to Micro1's external site to complete your application there. This listing links through a referral, but the process is identical to applying directly; the link just routes you correctly. Create an account on their site and follow their onboarding steps.
Do I need a Master's to qualify?
This role lists a master's degree as a requirement. In practice, the domain assessment is the real gate. If you can pass it, the degree is usually secondary. However, some platforms verify credentials formally, so list your actual qualifications accurately on your profile.