Senior Regulatory Counsel (Securities)

About the role

The Senior Director, Counsel (Securities) provides sophisticated, business-oriented legal counsel to senior management and across all levels of the organization. They identify and evaluate legal and business risks to support strategic decision-making. They work closely with ProShares internal business teams to structure, develop, and launch ProShares 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. They lead the preparation, review, and ongoing maintenance of registration statements, prospectuses, 10-Ks, 10-Qs, and other periodic reports for ProShares registered securities offerings. They support business development and product development initiatives by providing proactive legal input and guidance. They oversee communications and coordination with the SEC, CFTC, NFA, and FINRA. They draft, negotiate, and review agreements with fund service providers, including custodians, administrators, underwriters, transfer agents, and authorized participants. They independently initiate projects, drive process improvements, and enhance the Legal Department's efficiency and effectiveness. They manage and coordinate with outside counsel to optimize resources and achieve favorable outcomes.

Responsibilities

• 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 ProShares 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 for ProShares registered securities offerings.
• 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.
• Independently initiate projects, 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.

Requirements

• 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.

Qualifications

• 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.

Skills

• Strong legal judgment and business acumen.
• Effective communication skills, both written and oral.
• Ability to handle confidential and sensitive information.
• Proven ability to manage multiple tasks and deadlines.
• Experience with financial regulations and compliance.

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