Derivatives & Lending Counsel, Galaxy
Vice President
$225-275k
+ Annual bonus + Equity incentives
Investment management firm
Be an early applicant
Investment management firm
1001+ employees
Be an early applicant
$225-275k
+ Annual bonus + Equity incentives
1001+ employees
Company mission
To engineer a new economic paradigm.
Role
Who you are
- You should be highly motivated, prepared to work extended hours, and thrive in an entrepreneurial and demanding environment
- The ideal candidate will be highly organized, have meticulous attention to detail and a demonstrable ability to produce quality work product in a fast-paced, high-volume environment
- A strong foundational knowledge coupled with a passion for the blockchain space
- 4+ years of transactional experience in top-tier law firms or crypto-focused companies
- Strong critical thinking and strategic problem-solving skills
- Experience negotiating ISDA Master Agreements and/or structured loan agreements
- Ability to thrive under pressure and in a fast-paced, high-tempo environment
- Highly motivated, self-starter who takes initiative
- Positive attitude, and willingness to roll up sleeves (no job too big, no job too small)
- Ability to think creatively and propose commercially pragmatic solutions
- Excellent written and oral communication skills
- Member in good standing of the New York State Bar
Desirable
- Knowledge of the regulatory treatment of digital assets
- Product knowledge and transactional or regulatory experience with trading and lending products generally
- Experience in data privacy, IP law and the use and provision of technology in the context of Technology & Managed Services Agreements
What the job involves
- You will be responsible for the daily requests from the Galaxy trading and lending teams involving various agreements related to spot trading, lending and derivatives
- Provide senior level legal contractual advice relating to derivatives legal documentation and guidance to businesses partners on issues, including those of broad impact or risk
- Independently review and negotiate complex ISDA Master Agreements and Credit Support Annexes with parties who may be represented by counsel, senior executives and/or derivatives advisors
- Review and negotiate complex bilateral digital asset loan agreements
- Liaise with Credit and Trading/Sales to accurately reflect in agreements the necessary credit and business terms of the relationship
- The desire and capacity to learn how to negotiate various Galaxy trading and lending documentation
- Meticulous attention to detail
- Proactively identify and address legal risks associated with derivative activities, providing strategic solutions to enhance risk control
- Strong time management, judgment, decision-making and problem solving skills
- Coordinate resources with respect to negotiations, including management of outside counsel engagement where appropriate
- Draft and negotiate non-disclosure agreements
- Stay informed on industry trends, regulatory updates, and emerging technologies
- Manage workflow in a highly dynamic and demanding environment while remaining highly responsive, reliable, communicative, and accountable to team leadership and other members of Galaxy; and
- Help with other special corporate projects and such other activities as may be assigned
Our take
Galaxy Digital Holdings was founded to bring institutions into the blockchain revolution, envisioning a society where values and ownership flow as freely as information. Galaxy has captured the massive growth in the space over the past few years, offering its clients a range of financial solutions spanning the digital assets ecosystem, operating five synergistic business lines: Trading, Asset Management, Principal Investments, Investment Banking, and Mining.
The company exists within a highly volatile industry but has emerged stronger following the recent crypto reset. While reports claim the company is planning to cut one-fifth of its workforce, Galaxy itself has stated that it is currently focused on considering optimal team structure and strategy.
Recently, Galaxy announced that it has entered into an agreement with Canaccord Genuity Corp. for a bought deal offering, raising gross proceeds of approximately US$100 million. This move is aimed at bolstering the company’s financial position, with proceeds intended for working capital and general corporate purposes.
Freddie
Company Specialist at Welcome to the Jungle
Insights
16% employee growth in 12 months
Company
Funding (1 round)
Feb 2018
$18m
SERIES B
Total funding: $18m
Company benefits
- Equity Exposure for All Employees - Through broad and meaningful equity participation, we desire to have our employees work collaboratively and act as long-term shareholders
- 401(k) Contributions- Galaxy offers a 401(k) retirement savings plan with a 3% employer contribution and access to both Traditional and Roth options (US-only)
- Flexible Time Off and Parental Leave - You decide how many paid vacation and personal days off you want. Paid Parental Leave is available to give new parents the opportunity to care for and bond with their new child
- Full Paid Health Benefits - Company-paid health insurance for employees, partners, and other dependents, effective as of your start date
- Perks at Work - Galaxy provides various crypto education opportunities, a free Peloton membership with insurance, after-hours car service reimbursements, and more
- Employee Assistance Program - Confidential, 24/7 access to mental healthcare with a licensed therapist or psychiatrist. Benefits include 8 free video sessions per person, per year, for employees and any of their dependents age 18+
Company HQ
SoHo, New York, NY
Leadership
Mike Novogratz
(CEO)Previously acted as CIO for Fortress Investment Group and as a Partner of Goldman Sachs.
Salary benchmarks
We don't have enough data yet to provide salary benchmarks for this role.
Submit your salary to help other candidates with crowdsourced salary estimates.
Share this job
View 22 more jobs at Galaxy