Senior Regulatory Counsel (Securities)

ProShares; Bethesda (MD); On-site; USD 230,000 - 300,000; Full time

Benefits offered by this job

Competitive pay and discretionary bonus

Paid time off

Health care benefits (medical, dental & vision)

401(k) retirement plan with matching contribution

Wellness Programs

Education assistance

Job summary

A financial services firm based in Bethesda, Maryland is seeking a Senior Director, Counsel (Securities) to provide business-oriented legal counsel. This role requires extensive experience in the asset management industry, a JD, and deep knowledge of securities laws. Responsibilities include advising senior management, managing registered securities offerings, and overseeing external counsel. The position offers a competitive salary of $230,000–$300,000 plus benefits, including a hybrid work schedule.

Qualifications

• 12+ years of relevant experience in the asset management industry.
• Deep knowledge of the Securities Act and Securities Exchange Act.
• Demonstrated experience managing registered securities offerings.

Responsibilities

• Deliver timely, pragmatic legal counsel to senior management.
• Identify and evaluate legal and business risks.
• Manage and coordinate with outside counsel.

Skills

Strong judgment

Excellent written and verbal communication

Organized and detail-oriented

Education

JD and membership in good standing with a U.S. state bar

Job description

Work on products that matter.

Position Summary

The Senior Director, Counsel (Securities) reports directly to the General Counsel and serves as a senior legal partner to leadership across ProShares’ growing ETF and registered funds business. You will provide sophisticated, business-oriented advice on securities law and regulatory matters impacting ProShares’ ETFs, commodity pools, interval funds, and mutual funds.

Essential Job Functions

• Deliver timely, pragmatic, and business-oriented legal counsel to senior management and across all levels of the organization.
• Identify and evaluate legal and business risks to support strategic decision‑making.
• Work closely with ProShares internal business teams to structure, develop and launch registered securities offerings, including commodity ETFs and other vehicles registered under the 1933 Act, and ETFs, interval funds, and mutual funds registered under the 1940 Act.
• Lead the preparation, review, and ongoing maintenance of registration statements, prospectuses, 10‑Ks, 10‑Qs and other periodic reports.
• Support business development and product development initiatives by providing proactive legal input and guidance.
• Oversee communications and coordination with the SEC, CFTC, NFA and FINRA.
• Draft, negotiate, and review agreements with fund service providers, including custodians, administrators, underwriters, transfer agents and authorized participants.
• Initiate projects independently, drive process improvements and enhance the Legal Department’s efficiency and effectiveness.
• Manage and coordinate with outside counsel to optimize resources and achieve favorable outcomes.

Education and Experience

Required

• JD and membership in good standing with a U.S. state bar.
• 12+ years of relevant experience in the asset management industry (law firm and/or sophisticated in‑house environment).
• Deep knowledge of the Securities Act of 1933 and Securities Exchange Act of 1934.
• Demonstrated experience managing registered securities offerings.
• Working knowledge of the Investment Company Act of 1940, Investment Advisers Act of 1940, and commodities regulation.

Preferred

• Experience representing issuers, investment advisers, underwriters, or broker‑dealers on fund‑related matters.
• Prior experience at the SEC (helpful, not required).
• Experience with corporate transactions such as reorganizations, acquisitions, or mergers.

What Helps You Succeed Here

• Strong judgment and ability to balance legal risk with commercial realities.
• Excellent written and verbal communication, including the ability to simplify complex topics.
• Comfort operating under scrutiny and making decisions with real market‑facing implications.
• Ability to manage competing deadlines and priorities across multiple stakeholders.
• Organized, detail‑oriented, and able to follow through independently.

The compensation for this position includes salary and incentive pay. The annual base salary range for this role is $230,000–$300,000 (USD), which does not include discretionary bonus compensation. Total compensation may vary based on experience, role, location, department, and individual performance.

Our Benefits

• Competitive pay and discretionary bonus
• Paid time off
• Health care benefits (medical, dental & vision)
• Additional insurance includes basic life, accidental death and dismemberment, supplemental life, disability and legal benefit
• 401(k) retirement plan with matching contribution
• Spending Accounts (Health Care, Dependent Care, and Transportation)
• Wellness Programs (fitness reimbursement, Employee Assistance Program)
• Education assistance
• Hybrid work schedule
• Additional Programs include peer recognition, corporate matching gift

ProShare Advisors LLC and its affiliates are equal opportunity employers and do not discriminate against otherwise qualified applicants on the basis of age, race, color, religion, creed, sex (including pregnancy, childbirth, or related medical conditions), marital or family status, national origin, ancestry, physical or mental disability, mental condition, veteran status, sexual orientation, gender identity, genetic information, or any other characteristic protected by applicable law.