Vice President, Legal and Compliance

About the role

This role focuses on leading and executing compliance programs related to the CFTC, specifically covering swap activities and CPO/CTA operations. The Vice President will provide advisory support for sales and trading across U.S. and global offices, ensuring adherence to regulations. A key part of the work involves evaluating new products and business initiatives to identify and address potential compliance issues, contributing to the firm's strategic growth while maintaining regulatory integrity.

The position requires developing and maintaining compliance policies and procedures, along with administering training to relevant teams. The individual will also perform e-communication surveillance and compliance testing for the Swap Dealer. A critical responsibility is serving as the primary contact for regulators like the NFA, managing examinations, inquiries, and issues, which involves preparing annual reports and necessary filings.

Success in this role means effectively managing potential conflicts of interest across Galaxy's various business lines by developing robust supervisory procedures. It also involves collaborating closely with internal teams such as Legal, Finance, Risk, Operations, and IT to ensure comprehensive compliance with all applicable requirements. The role encourages the thoughtful adoption of AI tools to enhance productivity and decision-making in daily compliance tasks.

The annual salary for this position ranges from $180,000 to $240,000.

Skills that matter here

• legal or compliance experience: A minimum of 5 years is required, preferably within a U.S. sell-side firm, to manage the complexities of digital asset compliance.
• OTC derivatives and swap dealer businesses: Strong product knowledge and regulatory experience in these areas are essential for overseeing Galaxy's compliance programs.
• swap dealer compliance program: Demonstrated experience with the implementation and execution of such programs at a registered swap dealer is a core requirement.
• JD or MBA degree: One of these degrees is necessary to provide the foundational knowledge required for this senior legal and compliance role.
• digital assets: Knowledge of their regulatory treatment is a valuable asset for navigating the evolving landscape of blockchain and AI.

Who this role suits

• A person with a meticulous and detail-oriented approach to regulatory frameworks.
• Someone who thrives in a fast-paced environment at the intersection of finance and technology.
• An individual who can effectively manage relationships with external regulators and internal stakeholders.
• A professional who is proactive in identifying and addressing compliance risks in new products and initiatives.

From the employer

What You’ll Do:

• Be responsible for Galaxy’s CFTC compliance programs, covering swap activities and any related activities to the CPO/CTA.
• Provide advisory coverage to the swap dealer and CPO/CTA including sales and trading activity in the U.S. offices, other relevant global jurisdiction and any branch offices.
• Evaluate new products, programs, services and business initiatives to ensure compliance issues are identified and addressed.
• Create/maintain policies and procedures and administer training.
• Perform e-communication surveillance and Compliance testing for the Swap Dealer.
• Serve as a point of contact and manage relationships with the regulators (e.g. the NFA) with regards to swap dealer and CPO/CTA examinations, inquiries, and issues.
• Participate in and support governance activities.
• Help prepare both the CFTC annual report with regards to swap dealer’s compliance and the necessary filings regarding the CPO/CTA.
• Focus on developing supervisory procedures that manage potential conflicts of interest across the firm’s business lines.
• Laisse with other teams within Galaxy, such as Legal, Finance, Risk, Operations, and IT to ensure compliance with applicable requirements.
• Embrace and champion the thoughtful adoption of AI to improve team performance and business outcomes.
• Leverage AI tools (e.g., generative AI, automation platforms, data copilots) to improve productivity, decision-making, and output quality in your day-to-day work.

What We’re Looking For:

• A minimum of 5 years of legal or compliance experience/background preferably with a U.S. sell-side firm.
• Strong product knowledge and regulatory experience within the OTC derivatives and swap dealer businesses.
• Demonstrated experience with the implementation and execution of swap dealer compliance program at a registered swap dealer.
• JD or MBA degree.

Bonus Points:

• Knowledge of the regulatory treatment of digital assets.

What We Offer:

• Competitive base salary and discretionary bonus
• Hybrid/Flexible Working Arrangements
• Flexible Time Off (paid)
• 3% 401(k) company contribution
• Company-paid health and protective benefits for employees, partners, and other dependents
• Generous paid Parental Leave
• Competitive family planning benefits for US employees
• Opportunities to learn about the Crypto industry
• Smart, entrepreneurial, and fun colleagues
• Free daily snacks and weekly breakfasts/lunches
• Employee Resource Groups
• Free coaching and counseling sessions through Headspace.