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Senior Counsel, CFTC Registered Swap Dealer

New York City, NY; San Francisco Bay Area, New York City

Who are we?

FalconX is a pioneering team of operators, investors, and builders committed to revolutionizing institutional access to the crypto markets. Operating at the intersection of traditional finance and 
cutting-edge technology, FalconX addresses the industry's foremost challenges: Navigating the digital asset market can be complex and fragmented, with limited products and services that support trading strategies, structures, and liquidity found in conventional financial markets. As a comprehensive solution for all digital asset strategies from start to scale, FalconX operates as the connective tissue empowering clients with seamless navigation through the ever-
evolving cryptocurrency landscape.

The Opportunity

We are seeking an experienced Senior Counsel to join our dynamic legal team. In this pivotal role, you will serve as a primary legal advisor to FalconX’s CFTC-registered swap dealer business, guiding the company through complex regulatory, transactional, and operational matters related to digital asset derivatives. You will work cross-functionally with Compliance, Product, Trading, Risk, and Executive teams to ensure robust legal support for our rapidly evolving business.

Key Responsibilities

  • Regulatory Advisory:

    • Advise on all aspects of CFTC and NFA regulations applicable to swap dealers, including registration, reporting, business conduct standards, margin, recordkeeping, and anti-manipulation requirements.
    • Monitor and interpret regulatory developments affecting digital asset derivatives and proactively communicate implications to internal stakeholders.
    • Liaise with regulators (CFTC, NFA) and manage responses to inquiries, exams, and enforcement actions.
  • Transactional & Product Support:

    • Provide legal guidance on structuring, negotiating, and documenting digital asset swaps and other derivative products.
    • Review and draft ISDA Master Agreements, Credit Support Annexes, and bespoke digital asset documentation.
    • Partner with Product and Trading teams to launch new offerings in compliance with applicable laws and best practices.
  • Policy & Governance:

    • Develop and maintain policies, procedures, and training programs to ensure ongoing compliance with swap dealer obligations.
    • Support internal governance processes, including committee meetings, risk assessments, and board presentations.
  • Risk Management & Disputes:

    • Identify and mitigate legal risks associated with trading, custody, and settlement of digital asset derivatives.
    • Manage and resolve disputes, litigation, or investigations involving swap dealer activities.
  • Cross-Functional Collaboration:

    • Work closely with Compliance, Operations, Risk, and Technology teams to implement effective controls and respond to regulatory change.
    • Educate business partners on legal and regulatory issues impacting the swap dealer business.

Qualifications

  • J.D. from an accredited law school; active membership in good standing with at least one U.S. state bar.
  • 7+ years of relevant legal experience, with significant time spent advising on CFTC/NFA matters for swap dealers, FCMs, or similar financial institutions.
  • Deep understanding of the Commodity Exchange Act, CFTC regulations, and NFA rules, especially as they relate to swaps and digital assets.
  • Experience drafting and negotiating ISDA documentation and familiarity with digital asset market structure.
  • Demonstrated ability to interface with regulators and manage regulatory examinations or enforcement actions.
  • Strong analytical, communication, and project management skills.
  • Prior experience in fintech, crypto, or digital asset environments strongly preferred.

The base pay for this role is expected to be between $200,000 - $270,000 in the New York City and San Francisco Bay Area. This expected base pay range is based on information at the time this post was generated. This role will also be eligible for other forms of compensation such as a performance linked bonus, equity, and a competitive benefits package. Actual compensation for a successful candidate will be determined based on a number of factors such as location, skillset, experience, qualifications and the level at which the candidate is hired.

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Inclusivity Statement

FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!

As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.

FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.

Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on FalconX. Please inform FalconX’s People team at recruiting@falconx.io, if you need assistance with participating in the application process.

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