Product Counsel, Figure
$167-208.7k
+ 25% annual bonus target + Equity stock options package
Blockchain-powered digital lender
Open for applications
Blockchain-powered digital lender
201-500 employees
Open for applications
$167-208.7k
+ 25% annual bonus target + Equity stock options package
201-500 employees
Company mission
Figure's mission is to transform financial services through blockchain, bringing speed, efficiency and savings to both consumers and institutions.
Role
Who you are
- The ideal candidate has deep financial markets experience in the securities and cryptocurrency industry, including at least 5+ years of experience practicing as in-house counsel for financial services firm (mutual fund, broker-dealer, investment advisor, money transmitter dealing in virtual assets preferred)
- Substantial subject matter expertise in securities matters including the Securities Act of 1933, Investment Advisers Act of 1940, and Investment Company Act of 1940
- Experience working as an examiner, attorney, or industry specialist at a regulatory agency (SEC, CFTC), a plus
- Strong negotiation skills and ability to prepare and negotiate financial agreements (e.g. , prime brokerage, lending and derivatives documentation)
- Deep knowledge and understanding of the compliance and regulatory requirements around financial markets and crypto assets, including the regulation of digital assets and crypto transactions and platforms and blockchain technology matters (e.g. , smart contracts and digital wallets) in the provision of financial services and products
- Product counseling experience in blockchain, crypto and securities products, including the ability to apply laws and regulations to new products and/or technologies, and the ability to review products and related functionality for compliance with applicable laws
- Interest in digital assets, blockchain technology, and the innovations brought about by decentralized applications and DeFi
- J.D. and membership with at least one state bar
- Excellent written, oral, and interpersonal communication skills
- Ability to organize, prioritize, and manage projects effectively
What the job involves
- We are looking for someone who has a passion for marketplaces and products in the crypto and securities world
- You will contribute to building out Figure’s innovative Marketplace as well as Figure Markets’ products
- Figure Markets has a global marketplace platform that supports issuing and trading of digital assets, securities and non-securities, using blockchain
- You will have experience in one or more of the following jurisdictions: Europe, Asia, Americas, Middle East
- Our Legal team plays a central role in Figure Markets’ hyper growth and the realization of our mission of leveraging blockchain to transform financial services
- Provide leadership in legal affairs for markets and products, providing sound advice on federal and state securities, banking and insurance laws and rules
- Provide day-to-day legal, business, and strategic advice to internal markets-focused teams, addressing challenges and offering solutions in the development and implementation of groundbreaking digital asset financial products and services
- Offer comprehensive legal guidance throughout the product life cycle, from conception through to launch, operation, and eventual sunset, aiding in both the construction and, when necessary, the dismantling of products
- Remain up-to-date on existing and changing relevant digital assets, blockchain, securities and technology laws and regulations to ensure compliance therewith
- Providing legal support, analysis, and interpretation in connection with legislative and policy developments
- Develop and deliver both forward-looking and ad hoc guidance to the marketing and design teams regarding matters pertaining to the product lifecycle and other related initiatives
- Establish or continue to build strong and positive relationships with
Our take
Figure handles loans and mortgaging. They are disrupting manual compensation surveys and traditional industry software with their blockchain platform, Provenance, which works as a registry, ledger, and exchange.
The company has branched from offering student loans into many products such as mortgages, personal loans, blockchain-based private credit and private investment opportunities. In 2020, they started seeking a national bank charter to simplify their business and offer better security.
The company is focusing on building blockchain-backed solutions and now offers its customers the option to leverage their cryptocurrency assets to get loans or mortgages and is one of the only companies to do so. Figure is betting heavily on the success of the $1 trillion cryptocurrency market and blockchain industry, and laid off 20% of its staff in July 2023 in preparation for an IPO bid. This IPO is targeted specifically at Figure's lending division, which saw massive growth over 2022 and 2023.
Freddie
Company Specialist at Welcome to the Jungle
Insights
-15% employee growth in 12 months
Company
Funding (last 2 of 4 rounds)
May 2021
$200m
SERIES D
Dec 2019
$103m
SERIES C
Total funding: $418m
Company benefits
- Continuing education stipend
- Paid parental leave
- Flexible paid time off
- Stock options
- Work from home opportunities
- Health insurance
Company HQ
Chinatown, San Francisco, CA
Leadership
Mike Cagney
(Executive Chair)After Master's at Stanford, Mike spent almost 6 years as Chairman of ReFlow Services and co-founding Social Finance in 2011. He used this experience to co-found Figure in January 2018, serving since as CEO.
June Ou
(President)Having studied at Stanford and founded CCO Solutions, June spent 5 years at Social Finance with Mike, rising to VP of Product Management. She left this position in October 2017 to co-found Figure the following January.
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