Senior Counsel, Anchorage Digital

Member of Legal, Brokerage, Trading

Salary not provided
Senior level
Remote in US
Anchorage Digital

Regulated crypto platform

Open for applications

Anchorage Digital

Regulated crypto platform

201-500 employees

FintechB2BCryptocurrencySaaS

Open for applications

Salary not provided
Senior level
Remote in US

201-500 employees

FintechB2BCryptocurrencySaaS

Company mission

To help institutions participate securely in digital assets, by setting a new standard for crypto finance.

Role

Who you are

  • 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
  • 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

Desirable

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

What the job involves

  • As a Member of Legal, Senior Counsel Trading, 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)
  • 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
  • Strong communication skills (internally and externally)
  • Participate in client facing meetings while working with cross-functional team on multiple projects internally

Our take

Anchorage is a crypto-native digital asset platform offering a raft of solutions that help companies leverage blockchain technologies. Their advanced security architecture facilitates streamlined access to the complex and fragmented digital asset space.

Financial backing for Anchorage has come from prestigious investors Visa and Andreessen Horowitz. Anchorage's broad offerings are set to be matched by plans to partner across a wide spread of neobanks, challenger & incumbent banks, and corporate treasurers. This would mean an impressive expansion of their already substantial domain of influence in a rapidly developing sector.

In early 2021, Anchorage secured a national trust charter from the OCC, making it the first-ever federally chartered digital asset bank. This is significant, as it provides a good barrier to entry for other companies looking to compete in this space, and gives legacy institutions the ability to offer digital asset access to their clients. Though it has raised considerable funding in the past, crypto instability and wider macroeconomic challenges forced Anchorage to cut 20% of its staff in March 2023. 2022 clampdowns on customer due dilligence internal controllers added to the pressure on Anchorage to streamline and refocus its efforts.

Kirsty headshot

Kirsty

Company Specialist at Welcome to the Jungle

Insights

Top investors

Few candidates hear
back within 2 weeks

-5% employee growth in 12 months

Company

Funding (last 2 of 4 rounds)

Dec 2021

$350m

SERIES D

Feb 2021

$80m

SERIES C

Total funding: $487m

Company benefits

  • 100% health, dental, and vision coverage for employees and their dependents
  • Family comes first: we offer parental and child bonding leave to all new parents
  • Meaningful equity - Every team member is a part owner in the company and community that we’re all building together
  • We allow employees to work anywhere in the U.S. or Portugal, and have physical workspaces in New York, San Francisco, South Dakota, and Portugal
  • Flexible time-off plan - Take time off, guilt-free, so you can recharge when you need to
  • 401(k) plan & FSA account

Company HQ

Financial District, San Francisco, CA

Articles

Leadership

Diogo Mónica

(Executive Chairman)

Former advisor and board member at Jscrambler and advisor at StackRox with Phd in Computer Science at Instituto Superior Tecnico.

Former director at Vendor Security Alliance and Docker. Former Security Engineering Manager at Square.

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