Member of Legal, Brokerage (Senior Counsel, Trading)

The Senior Counsel, Trading is an integral member of the trading solutions business responsible for providing strategic legal advice to bring new products and features to the institutional market. This role requires a builder's mindset and direct involvement from the product discovery stage through establishing, structuring, developing policies, and conducting legal research for regulatory compliance.

You will provide legal expertise on market infrastructure, including crypto trading venues, prime brokers, custodians, and payment rails. Responsibilities include structuring, drafting, and negotiating counterparty agreements for prime brokerage features, electronic trading agreements, derivatives, and financing arrangements, while coordinating with internal teams and managing external counsel.

Finally, you will provide strategic advice to executive leadership on reputational and regulatory issues and advise on the implementation and ongoing compliance of key relevant regulations.

Technical Skills:

• Strong understanding of the laws and regulation applicable to spot, margin, derivatives, platform trading and prime brokerage for digital assets.
• Able to create, draft, 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.

Complexity and Impact of Work:

• 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.

Organizational Knowledge:

• Strong understanding of various market infrastructure, including direct knowledge on crypto trading venues, prime brokers, custodians, and payments rails.
• Able to convey relevant legal issues to internal stakeholders to ensure that knowledge is shared across the appropriate teams.
• Able to prioritize work based on company’s goals and communicate the ‘why’ behind your work.

Communication and Influence:

• 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.
• Strong communication skills, both internally and externally.
• Ability to be client facing while working with cross-functional team on multiple projects internally.

You may be a fit for this role if you:

• Are 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.
• Have an 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.
• Have 8+ years of transactional experience in reviewing various financial transaction agreements, primarily, lending agreements, prime brokerage agreements, ISDA/CSA and trade confirmations.
• Have experience working in a face paced start up / early stage company. Essentially, you are a highly motivated, self starter who takes initiative, has a positive attitude and willingness to take on any task (nothing is too big or too small)
• Are able to think creatively and propose commercial and pragmatic solutions.
• Have an active membership in the NY state bar.

Although not a requirement, bonus points if:

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

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