Vice President of Legal and Compliance, Galaxy
CFTC Compliance
$180-240k
+ Discretionary Annual Bonus + Equity Incentives
Investment management firm
Job no longer available
Investment management firm
1001+ employees
Job no longer available
$180-240k
+ Discretionary Annual Bonus + Equity Incentives
1001+ employees
Company mission
To engineer a new economic paradigm.
Role
Who you are
- A minimum of 5 years of legal or compliance experience/background preferably with a U.S. sell-side firm
- Strong product knowledge and regulatory experience within the OTC derivatives and swap dealer businesses
- Demonstrated experience with the implementation and execution of swap dealer compliance program at a registered swap dealer
- JD or MBA degree
Desirable
- Knowledge of the regulatory treatment of digital assets
What the job involves
- The Legal & Compliance Vice President will be a Compliance Officer of both the Swap Dealer and the Commodity Pool Operator/Commodity Trade Advisor and will be responsible for establishing, maintaining and developing Galaxy’s related compliance program for the relevant activities
- Both the swap dealer and the CPO/CTA are both direct subsidiaries of Galaxy Digital L.P. and both entities sit within the sales and trading team
- Be responsible for Galaxy’s CFTC compliance programs, covering swap activities and any related activities to the CPO/CTA
- Provide advisory coverage to the swap dealer and CPO/CTA including sales and trading activity in the U.S. offices, other relevant global jurisdiction and any branch offices
- Evaluate new products, programs, services and business initiatives to ensure compliance issues are identified and addressed
- Create/maintain policies and procedures and administer training
- Perform e-communication surveillance and Compliance testing for the Swap Dealer
- Serve as a point of contact and manage relationships with the regulators (e.g. the NFA) with regards to swap dealer and CPO/CTA examinations, inquiries, and issues
- Participate in and support governance activities
- Help prepare both the CFTC annual report with regards to swap dealer’s compliance and the necessary filings regarding the CPO/CTA
- Focus on developing supervisory procedures that manage potential conflicts of interest across the firm’s business lines
- Laisse with other teams within Galaxy, such as Legal, Finance, Risk, Operations, and IT to ensure compliance with applicable requirements
- Embrace and champion the thoughtful adoption of AI to improve team performance and business outcomes
- Leverage AI tools (e.g., generative AI, automation platforms, data copilots) to improve productivity, decision-making, and output quality in your day-to-day work
Our take
Galaxy was founded to bring institutions into the blockchain revolution, envisioning a society where values and ownership flow as freely as information. It 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.
The company operates five synergistic business lines: Trading, Asset Management, Principal Investments, Investment Banking, and Mining. Although it exists within a highly volatile industry, Galaxy emerged stronger following the crypto reset, and has focussed in on building an optimal team structure and strategy.
In 2024, Galaxy announced that it had entered into an agreement with Canaccord Genuity Corporation for a bought deal offering, raising gross proceeds of approximately $100 million. This move bolstered the company’s financial position, with proceeds going towards 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.
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