Assistant General Counsel, Invest

SoFi • San Francisco, CA

3d

About The Position

The role: SoFi is seeking an attorney focused on its growing SoFi Invest business, with flexibility to support other parts of the SoFi enterprise as needed. What you’ll do: Advise the business on matters pertaining to SoFi’s SEC-registered broker-dealer and investment advisor, including the development, launch, and maintenance of products, marketing, disclosures and regulatory risk assessment and mitigation. Provide legal guidance on securities law, SEC regulations, FINRA rules and applicable state securities laws. Partner with business and compliance teams to implement controls and governance frameworks, including policies, procedures, and supervisory processes. Review, draft and negotiate commercial agreements with vendors, financial infrastructure and service providers supporting the SoFi Invest platform. Stay abreast of legislative and regulatory developments affecting broker-dealers and investment advisors, and advise on related business impacts. Assist in the development of customer terms and disclosures. Handle arbitrations brought by Invest customers. Other assignments on an ad hoc basis.

Requirements

• You should be an intellectually curious self-starter with strong written and oral communication skills and sound judgment.
• JD from an accredited law school and licensed to practice in at least one U.S. jurisdiction.
• 4 to 6 years of experience, ideally at a major law firm or in-house legal department.
• Experience with broker-dealer and investment adviser regulatory frameworks, including the Securities Act, the Exchange Act, the Investment Advisers Act and FINRA rules.

Nice To Haves

• In-house counsel experience with a self-directed retail brokerage.

Responsibilities

• Advise the business on matters pertaining to SoFi’s SEC-registered broker-dealer and investment advisor, including the development, launch, and maintenance of products, marketing, disclosures and regulatory risk assessment and mitigation.
• Provide legal guidance on securities law, SEC regulations, FINRA rules and applicable state securities laws.
• Partner with business and compliance teams to implement controls and governance frameworks, including policies, procedures, and supervisory processes.
• Review, draft and negotiate commercial agreements with vendors, financial infrastructure and service providers supporting the SoFi Invest platform.
• Stay abreast of legislative and regulatory developments affecting broker-dealers and investment advisors, and advise on related business impacts.
• Assist in the development of customer terms and disclosures.
• Handle arbitrations brought by Invest customers.
• Other assignments on an ad hoc basis.

What This Job Offers

• Job Type: Full-time
• Career Level: Mid Level
• Education Level: Ph.D. or professional degree
• Number of Employees: 1,001-5,000 employees