Product Counsel

Internal Revenue Service; San Francisco (CA); Hybrid; USD 166,000 - 209,000; Full time

Job summary

A leading company in financial technology is seeking a legal expert knowledgeable in cryptocurrencies and securities. This role involves providing strategic legal advice on innovative financial products and ensuring compliance with digital asset regulations. It promises a dynamic work environment dedicated to leveraging blockchain technology.

Benefits

Comprehensive health, vision, and dental insurance

Employer-funded life and disability insurance

401k and commuter benefits

11 observed holidays & PTO plan

Up to 12 weeks paid family leave

Continuing education reimbursement

Equity stock options package

Qualifications

• 5+ years experience as in-house counsel in financial services.
• Knowledge of Securities Act and compliance requirements.
• Experience with cryptocurrencies and blockchain technology.

Responsibilities

• Provide legal guidance throughout the product life cycle.
• Advise on federal and state laws concerning securities.
• Develop compliance strategies for innovative products.

Skills

Negotiation skills

Communication skills

Regulatory knowledge

Financial agreements preparation

Project management

Education

J.D. and membership with at least one state bar

Job description

About Figure

Figure is maximizing the value of homeownership in ways that benefit consumers and the industry alike. We’re helping homeowners tap their liquidity easily, efficiently and reasonably for purpose-driven, significant expenditures – everything from dream home renovations and debt consolidation to small business formation.

In seven years, we’ve become the country’s #1 non-bank HELOC lender. As a financial technology firm operating at the intersection of regulation and transformation, we’re a “unicorn” – a group of fewer than 1000 companies globally that is valued at $1B or more and has been in operation for less than ten years.

Our mission requires us to have a creative, team-oriented, and supportive environment where everyone can do their absolute best. We are motivated, innovative, collaborative, and curious. We value individuals who bring a problem-solving mindset to every task. Every day at Figure is a journey in continuous learning combined with a focus on getting work done that makes a difference. Join us!

Wealthfront Career-Launching Company

Figure Series D Announcement

About the Role

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.

What You’ll Do

• Become the chief product expert on the Legal team, interacting withFigure’s latest products and offerings, buying and sellingcryptocurrencies across centralized and decentralized exchanges,master related legal complexities and advise the business accordingly
• 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

What We Look For

• Candidates must have a working knowledge of cryptocurrencies,experience buying and selling crypto on centralized and decentralizedexchanges, and be curious about the intersection of traditionalsecurities in defi
• 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

Salary

• Compensation Range: $166,980 - $208,725
• 25% annual bonus target, paid quarterly
• Equity stock options package
• This is the compensation range for the United States, actual compensation may vary based on individual candidate experience, location, or evolving business needs

Benefits

• Comprehensive health, vision, and dental insurance with 100% employer-paid premiums for employees and their dependents on select plans
• Company HSA, FSA, Dependent Care, 401k, and commuter benefits
• Employer-funded life and disability insurance coverage
• 11 Observed Holidays & PTO plan
• Up to 12 weeks paid family leave
• Continuing education reimbursement

Depending on your residential location certain laws might regulate the way Figure manages applicant data. California Residents, please review our California Employee and General Workforce Privacy Noticefor further information.By submitting your application, you are agreeing andacknowledgingthat you have read and understand the above notice.

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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