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Member of Legal, Trading Solutions (Brokerage Counsel)

Anchorage Digital

Anchorage Digital

Legal · Full-time
Remote
Posted 6+ months ago

At Anchorage Digital, we are building the world’s most advanced digital asset platform for institutions to participate in crypto.

Founded in 2017, Anchorage Digital is a regulated crypto platform that provides institutions with integrated financial services and infrastructure solutions. With the first federally chartered crypto bank in the US, Anchorage Digital offers institutions an unparalleled combination of secure custody, regulatory compliance, product breadth, and client service. We’re looking to diversify our team with people who are humble, creative, and eager to learn.

We are a remote friendly, global team, but provide the option of working in-office in New York City, Sioux Falls, Porto, Lisbon, and Singapore. For our colleagues not located near our beautiful offices, we encourage and sponsor quarterly in-person collaboration days to work together and further deepen our Village.

As a Member of Legal, Trading Solutions, you will be an integral member of the trading solutions business and will be a builder providing strategic legal advice on new products and features for the institutional market. You will be a strategic legal advisor for Anchorage Digital OTC principal trading entity with respect to its spot, margin, derivatives, and API trading activities. You will be the trusted expert to advise on money transmission rules, state lending rules, CFTC derivatives rules and SEC securities laws.

You will be expected to draft and review of compliance manuals, policies, procedures, disclosures and risk factors with respect to trading and lending activities. You will also review, draft and negotiate trading, lending and derivative contracts (e.g. ISDA, Master Lending Agreements, Master Purchase and Sale Agreements, Prime brokerage agreements).

We have created the Factors of Growth & Impact to help Villagers better measure impact and articulate coaching, feedback, and the rich and rewarding learning that happens while exploring, developing, and mastering the capabilities and contributions within and outside of the Member of Legal, Trading Solutions role:

Technical Skills:

- 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.
- 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:

- 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.

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 (internally and externally).
- Participate in client facing meetings while working with cross-functional team on multiple projects internally.

You may be a fit for this role if you have:

- 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.
- You 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.
- 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.
- Active membership in the 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. :)

About Anchorage Digital: Who we are

The Anchorage Village, what we call our team, brings together the brightest minds from platform security, financial services, and distributed ledger technology to provide the building blocks that empower institutions to safely participate in  the evolving digital asset ecosystem. As a diverse team of more than 300 members, we are united in one common goal: building the future of finance by providing the foundation upon which value moves safely in the new global economy.

Anchorage Digital is committed to being a welcoming and inclusive workplace for everyone, and we are intentional about making sure people feel respected, supported, and connected at work—regardless of who you are or where you come from. We value and celebrate our differences and we believe being open about who we are allows us to do the best work of our lives.

Anchorage Digital is an Equal Opportunity Employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. Anchorage Digital considers qualified applicants regardless of criminal histories, consistent with other legal requirements. “Anchorage Digital” refers to services that are offered either through Anchorage Digital Bank National Association, an OCC-chartered national trust bank, or Anchorage Lending CA, LLC a finance lender licensed by the California Department of Financial Protection and Innovation, License No. 60DBO-11976, or Anchorage Digital Singapore Pte Ltd, a Singapore private limited company, all wholly-owned subsidiaries of Anchor Labs, Inc., a Delaware corporation.

Protecting your privacy rights is important to Anchorage Digital, and we work to maintain the trust and confidence of our clients when handling personal or financial information. Please see our privacy policy notices here.

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Anchorage Digital is an equal opportunity employer.