Senior Counsel – Commercial
Kraken Digital Asset Exchange
full-time
Posted on:
Location Type: Remote
Location: United States
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Salary
💰 $146,400 - $292,800 per year
Job Level
About the role
- Lead the negotiation, drafting, and ongoing management of prime brokerage (trading and custody) agreements, ISDA Master Agreements, Credit Support Annexes, and related documentation with banks and other institutional counterparties.
- Help scale Kraken’s commercial lending business by standardizing documentation and driving efficient, risk-appropriate negotiations of loan agreements, term sheets, and security documentation.
- Partner closely with Treasury, Finance, and OTC teams on day-to-day derivatives trading, cash management, FX, and liquidity facilities.
- Structure, draft, and negotiate complex commercial agreements with key institutional and high-net-worth partners and clients.
- Lead the negotiation of financing and other balance-sheet-impacting documentation in close collaboration with Finance and Treasury.
- Act as a trusted advisor to internal stakeholders, translating complex legal terms into clear business implications and actionable guidance.
- Build and continuously improve commercial legal processes that balance speed, flexibility, and risk management.
Requirements
- Admission to practice law in any State in the United States
- 8+ years of relevant experience negotiating prime brokerage, OTC, derivatives, and other financial services and financial product transactions
- Demonstrated comfort negotiating across from sophisticated institutional counterparties, including banks and large asset managers.
- Significant experience drafting, revising, and negotiating complex institutional commercial contracts, such as loan and ISDA documentation, commercial partnership agreements, prime brokerage documentation, and other treasury/financing contracts.
- Solid understanding of secured financing, collateral management, and derivatives products.
- Demonstrated knowledge of and passion for cryptocurrency and digital markets.
- A proactive, entrepreneurial mindset.
- An opportunity-making attitude, using the law to increase the company’s optionality, not decrease it.
Benefits
- Offers Equity
- Offers Bonus
Applicant Tracking System Keywords
Tip: use these terms in your resume and cover letter to boost ATS matches.
Hard Skills & Tools
negotiationdraftingmanagement of prime brokerage agreementsISDA Master AgreementsCredit Support Annexesloan agreementscommercial contractssecured financingcollateral managementderivatives products
Soft Skills
trusted advisorclear communicationproactive mindsetentrepreneurial mindsetopportunity-making attitude
Certifications
Admission to practice law in any State in the United States