Member of Legal, Bank (Senior Counsel, Bank Regulatory)
Anchorage Digital See More Job Openings by This Employer
Job Description
At Anchorage Digital, we are building the world’s most advanced digital asset platform for institutions to participate in crypto.
Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry's leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings.
The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.
We are seeking a senior bank regulatory counsel to manage all legal and regulatory affairs of Anchorage Digital Bank, including its affairs with affiliate entities. Through legal research, keeping abreast of regulatory and policy developments, and your own regulatory analysis and interpretation, you will use your background in bank regulatory law and passion for the crypto industry to help us better serve our institutional clients and advance the industry. You will help respond to requests from the OCC, prepare for OCC examinations, and interact with the bank’s board of directors, and work closely with other teams across Anchorage Digital, including Compliance, Product, Engineering, and Marketing to ensure that we are in compliance with our OCC charter and operating agreement. As the only federally regulated crypto bank in the U.S., this is a rare and unique opportunity to leave your mark on an organization that is raising the bar for institutional crypto custody and setting the industry standard.
We have created the following Factors of Growth & Impact to help the Senior Counsel, Bank Regulatory better measure impact and articulate the coaching, feedback, and rich and rewarding learning that we will take place while the Bank Regulatory Counsel explores, develops, and masters the capabilities and contributions of the role:
Technical Skills:
- Drive informed regulatory decision-making with comprehensive legal research and analysis of relevant areas of law, including those related to banking and financial services and digital assets.
- Contribute to building a repository of legal research and memoranda of law that can be referenced and used to inform legal and regulatory decision making processes for the legal team, business, and other stakeholders.
- Ensure that the bank is complying with the terms of its charter and operating agreement and managing its affairs with affiliate entities.
- Working knowledge of the laws, regulations, and guidance applicable to national banks including the National Bank Act, 12 C.F.R. 9, and Reg. W.
- Work with the Assistant Corporate Secretary to manage the corporate governance of the Bank.
Complexity and Impact of Work:
- Assist the legal team in identifying key areas for further regulatory analysis and providing feedback to the business regarding key legal and regulatory questions.
- Drive work independently while keeping track of progress related to medium-to-large projects and processes.
Organizational Knowledge:
- Collaborate with internal stakeholders to understand business needs and identify key legal and regulatory questions requiring further research and understanding to advance the business.
- Help convey relevant legal issues to internal stakeholders to ensure that knowledge is shared across the appropriate teams.
Communication and Influence:
- Develop clear communication lines and work closely with the legal and business teams to provide relevant regulatory background and analysis.
- Contribute to internal decision making discussions around legal and regulatory questions that arise from within the legal team and the business’s product development efforts.
You may be a fit for this role if you have:
- 5+ years of law firm or in-house experience counseling banking or financial services clients.
- Highly organized with a bias for action, meticulous attention to detail and ability to produce quality work in a fast paced, high volume work environment.
- Understanding of the regulatory frameworks, existing and proposed, that pertain to banks.
- Ability to analyze areas of law, quickly and comprehensively understand the applicable laws, regulations, and guidance (including finding the most current and applicable versions of those laws and regulations), and synthesize research into concise reports or memoranda.
- Ability to apply traditional financial legal concepts to the digital asset space to solution for institutional clients’ complex business needs.
- Experience working in a face paced company - highly motivated, self starter who takes initiative, with a positive attitude and willingness to take on any task (nothing is too big or too small)Ability to think creatively and propose commercial and pragmatic solutions.
- Active membership in a state bar.
Although not a requirement, bonus points if:
- You were emotionally moved by the soundtrack to Hamilton, which chronicles the founding of a new financial system. :)
About Anchorage Digital: Who we are
The Anchorage Village, what we call our team, brings together the brightest minds from platform security, financial services, and distributed ledger technology to provide the building blocks that empower institutions to safely participate in the evolving digital asset ecosystem. As a diverse team of more than 300 members, we are united in one common goal: building the future of finance by providing the foundation upon which value moves safely in the new global economy.
Anchorage Digital is committed to being a welcoming and inclusive workplace for everyone, and we are intentional about making sure people feel respected, supported, and connected at work—regardless of who you are or where you come from. We value and celebrate our differences and we believe being open about who we are allows us to do the best work of our lives.
Anchorage Digital is an Equal Opportunity Employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. Anchorage Digital considers qualified applicants regardless of criminal histories, consistent with other legal requirements. “Anchorage Digital” refers to services that are offered either through Anchorage Digital Bank National Association, an OCC-chartered national trust bank, or Anchorage Lending CA, LLC a finance lender licensed by the California Department of Financial Protection and Innovation, License No. 60DBO-11976, or Anchorage Digital Singapore Pte Ltd, a Singapore private limited company, all wholly-owned subsidiaries of Anchor Labs, Inc., a Delaware corporation.
Protecting your privacy rights is important to Anchorage Digital, and we work to maintain the trust and confidence of our clients when handling personal or financial information. Please see our privacy policy notices here.
