Member of Legal, Senior Counsel, Trading

Anchorage Digital

110d • Onsite

About The Position

As Senior Counsel, Trading, you will be an integral member of the trading solutions business, providing strategic legal advice and helping build new products and features for the institutional market. In this role, you will serve as a strategic legal advisor for Anchorage Digital’s OTC principal trading entity, guiding its spot, margin, derivatives, and API trading activities. You will also act as the trusted expert on money transmission regulations, state lending rules, CFTC derivatives rules, and SEC securities laws. Additionally, you will draft and review compliance manuals, policies, procedures, disclosures, and risk factors related to trading and lending activities. You will also review, draft, and negotiate trading, lending, and derivative contracts, including USDAs, Master Lending Agreements, Master Purchase and Sale Agreements, and Prime Brokerage agreements.

Requirements

• Active membership in the state bar.
• Highly organized with a bias for action, meticulous attention to detail and ability to produce quality work in a fast paced, high volume work environment.
• Understanding of the regulatory frameworks, existing and proposed, that pertain to various digital assets business models.
• Ability to apply traditional financial legal concepts to the digital asset space to solution for institutional clients’ complex business needs.
• Transactional experience in reviewing various financial transaction agreements, primarily, lending agreements, prime brokerage agreements, ISDA/CSA and trade confirmations.
• Experience working in a face paced start up / early stage company - highly motivated, self starter who takes initiative, with a positive attitude and willingness to take on any task (nothing is too big or too small).
• Ability to think creatively and propose commercial and pragmatic solutions.
• Strong communication skills (internally and externally).

Nice To Haves

• You were emotionally moved by the soundtrack to Hamilton, which chronicles the founding of a new financial system. :)

Responsibilities

• Serve as a strategic legal advisor for Anchorage Digital’s OTC principal trading entity, guiding its spot, margin, derivatives, and API trading activities.
• Act as the trusted expert on money transmission regulations, state lending rules, CFTC derivatives rules, and SEC securities laws.
• Draft and review compliance manuals, policies, procedures, disclosures, and risk factors related to trading and lending activities.
• Review, draft, and negotiate trading, lending, and derivative contracts, including USDAs, Master Lending Agreements, Master Purchase and Sale Agreements, and Prime Brokerage agreements.
• Utilize a strong understanding of the laws and regulation applicable to spot, margin, derivatives, platform trading and prime brokerage for digital assets to drive informed decisions and products.
• Create, draft, and negotiate a wide range of agreements, including digital asset trading agreements, prime brokerage agreements, collateral agreements, margin agreements, loan agreements, settlement terms, ISDAs, confirmations, master confirmations, disclosures, risk factors and more.
• Work closely with the Associate General Counsel for trading solutions, business heads and their teams to grow the trading solutions business.
• Develop and manage contract templates, partner with Compliance to develop guidelines, policies and procedures playbooks and staff training.
• Drive work independently while leading medium-to-large projects and processes.
• Advise the Trading Solutions business line using strong understanding of various market infrastructure, including direct knowledge on crypto trading venues, prime brokers, custodians, and payments rails.
• Convey relevant legal issues to internal stakeholders to ensure that knowledge is shared across the appropriate teams.
• Prioritize work based on company’s goals and communicate the ‘why’ behind your work.
• Build a close relationship with the trading solutions team, legal and compliance team to collaborate closely, resolve legal issues, structure complex agreements, and improve efficiency.
• Participate in client facing meetings while working with cross-functional team on multiple projects internally.

Benefits

• The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion.

What This Job Offers

• Job Type: Full-time
• Career Level: Senior
• Education Level: No Education Listed