About Figure Markets
Figure Markets is democratizing finance through blockchain. We’re building the exchange for everything - a decentralized custody marketplace for crypto, stocks, bonds, credit and more. We’re bringing best in class leverage, margining and liquidity to our exchange, while offering our members extensive borrowing options and unique investment opportunities.
Figure Markets is built on the Provenance Blockchain, and we use its native token, Hash, on the exchange. Provenance Blockchain embodies truth over trust and provides a foundation for Figure Markets to bring transparency and efficiency in a decentralized world.
Figure Markets is backed by leading venture capital firms and strategic partners, including Jump Crypto, Pantera, Distributed Global, Faction Lightspeed, NewForm Capital and CMT Digital. Figure Markets was founded by a seasoned team of entrepreneurs and operators from tradfi, fintech and defi, including Mike Cagney and June Ou.
About the Role
This role will contribute to building out Figure’s fund products (“the Funds”) and provide counsel on the structuring, jurisdictional analysis and documentation for domestic and internationally based funds. In this role, you will effectively communicate and build relationships cross-functionally, including partnering with Sales, Finance, Product, Engineering and Compliance, to tackle new legal questions and reach creative solutions. Legal team plays a central role in Figure Markets’ hyper growth and the realization of our mission of leveraging blockchain to transform financial services.
What you’ll do
- Help structure and launch new Funds and implement existing Funds,, including providing legal and regulatory guidance and documentation, and production of subscription and related agreements applicable to US and international based funds.
- Lead and proactively identify risk-weighted advice to the business, including the identification, escalation and mitigation of legal risks associated with the Funds and its customer’s investment activities
- Take ownership for the development and implementation of appropriate control processes, precedents and checklists for the ongoing review of investments in digital assets and unlisted assets.
- Provide strategic legal advice for the Funds’ existing investments and related products, including crypto assets, and provide legal and regulatory advice with respect to marketing of such vehicles and investment advisory services;
- Negotiate and document contractual arrangements within a transaction, including bespoke contracts for first of their kind products and services with limited precedent, as well as review and negotiate vendor contracts
- Own the relationship with external due diligence providers to ensure all material risks are addressed.
- Review and provide legal and regulatory advice on new regulatory developments, including being up to date with legal and regulatory trends in blockchain and digital assets to better inform legal advice given to the company, and participating in industry groups;
- Help to ensure the Funds are structured and operating in an optimal manner to ensure scale and opportunities are exploited.
What we look for
- A prudent commercial perspective in our markets and products, along with the dedication to defend our positions
- Comfortable with ambiguity and quick pivots.
- 7-10 prior years of related law firm and/or in-house legal experience working in fintech, digital assets, or high-growth tech companies and crypto companies
- Deep experience with fund formation, fund administration, and registered investment advisers, exchanges, market making, financial derivatives, cryptocurrency, and open source software
- Understanding of the compliance and regulatory requirements around crypto assets
- Knowledgeable in a wide array of international laws, regulations, and frameworks relevant to financial services, internet technology, and crypto, including banking regulations, money transmission laws, securities regulations, GDPR, BSA, CFPB, CFTC, FTC (including UDAAP), and more.
- Ability to make sound legal judgments, applying analytical rigor, prudent risk assessment, and a mix of creativity and pragmatism as necessary, to discern when flexibility in interpretation is warranted.
- Interest in digital assets, blockchain technology, and the innovations brought about by decentralized applications, web3, and DeFi.
- J.D. and membership with at least one state bar
- Substantial subject matter expertise in securities matters including the Securities Act of 1933, Investment Advisers Act of 1940, and Investment Company Act of 1940
- Self-starter who will take ownership of projects
- Excellent written, oral, and interpersonal communication skills
- Ability to organize, prioritize, and manage projects effectively
Benefits and Perks
- Competitive salary and growth opportunities
- Company quarterly performance based bonus
- Equity stock options package
- Employer funded comprehensive health, vision, dental insurance and wellness program for employees and their dependents
- Employer funded life and disability insurance coverage
- Company HSA, FSA, Dependent Care, 401k, and commuter benefits
- Up to 12 weeks paid family leave
- In office, remote, and hybrid work location options
- Home office and technology stipend for those working outside of a traditional office more than 75% of the time
- Flexible time-off plan to empower employees to take the time off that they want and need
- Continuing education reimbursement
- Routine Team swag deliveries!
For CO, NY, CA, and WA residents, the salary range is $212,520 - 265,650with up to a 25% Bonus and Equity. Actual compensation may vary based on individual candidate experience and location.
Figure will not sponsor work visas for this position. In compliance with federal law, all persons hired will be required to verify identity and eligibility to work in the United States and to complete the required employment eligibility verification form upon hire.
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