Lead, FCM Legal
Leads legal and regulatory work for the company’s FCM relationships, advising product and business teams, drafting customer documentation, and engaging with the CFTC and NFA. Requires a J.D., active U.S. bar membership, and 3–7 years of FCM-focused legal or compliance experience.
About the job
Responsibilities
- Advise product and business teams on CFTC implications before new features ship.
- Draft and negotiate customer-facing FCM agreements, disclosures, and related documentation.
- Prepare responses to CFTC and NFA regulatory inquiries and examinations.
- Draft comment letters, no-action requests, and interpretive submissions affecting the FCM, DCM, and DCO.
- Track CFTC enforcement actions, rulemaking, and NFA notices, translating emerging risks into actionable internal guidance.
- Advise on FCM policies and procedures covering segregation, net capital, margin, and customer protection requirements.
- Support litigation strategy involving FCM operations and exchange regulation.
Requirements
- J.D. and active U.S. bar membership.
- 3–7 years of FCM-focused legal or compliance experience in private practice, at a regulator, or in-house at a derivatives firm.
- Deep knowledge of the Commodity Exchange Act, CFTC regulations, and NFA rules, especially as they apply to FCMs.
- Strong writing skills for comment letters, no-action requests, and customer agreements.
- Strong judgment and ability to provide practical guidance under regulatory uncertainty.
- Direct experience with CFTC examination or enforcement processes.
Nice-to-haves
- Familiarity with prediction markets or event contracts.
- Interest in emerging financial technologies and market structure.
Compensation & Benefits
- Competitive salary and equity.
- Unlimited PTO.
- Full health, vision, and dental coverage.
- 401k match.
- Hardware setup including a new MacBook Pro, display, and accessories.
Skills
Cftc Regulations, Nfa Rules, Commodity Exchange Act, Fcm Regulation, Regulatory Compliance, Cftc Examinations, Cftc Enforcement, Comment Letters, No-Action Requests, Customer Agreements, Segregation Requirements, Net Capital, Margin Requirements, Prediction Markets, Event Contracts
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