Senior Regulatory Counsel

Long-Term Stock Exchange
Posted Jan 29
Full Time
Utica-Rome Area

About Us

LTSE supports companies in all stages of growth committed to long-term value creation, and the investors who share their values. We offer software and services for company-building and pursuing a path to the public markets, a U.S. National Securities Exchange for new and existing public companies, and a coalition for the exchange of ideas between companies and like-minded investors.

We believe in the power of a public market that supports continuous success for all stakeholders, including employees, investors, and their communities. We’re helping innovation and value creation flourish for now and far into the future through long-term investment, experimentation, and sustainable scaling.

Lead LTSE investors include The Space Between, Founders Fund, Collaborative Fund, Andreessen Horowitz, Obvious Ventures, Uprising, and Initialized. LTSE was founded by Eric Ries, an entrepreneur, New York Times-bestselling author, and the creator of the Lean Startup methodology.

The Role

LTSE is searching for a seasoned professional with a deep understanding of regulatory requirements and expectations within the securities exchange industry. This role holds a senior position at the Long-Term Stock Exchange, providing regulatory advice and developing requisite policies and procedures to support our strict and on-going adherence to regulatory mandates.

This role requires a strategic thinker who can navigate the evolving landscape of regulatory standards and expectations, providing insight and leadership to proactively address compliance challenges.

The ideal candidate is hands-on with experience in the day-to-day operations of a national securities exchange, with an ability to comfortably pivot as priorities and deliverables shift. You must be deadline-driven to meet Exchange priorities as well as regulatory changes and Exchange best practices. You also must be willing and able to make risk-based recommendations and decisions. Strong communication skills are critical not only in working across the Exchange but also with our regulators and Exchange peers.

You will be at the forefront of not only interpreting regulations, but also drafting and submitting rule filings with the SEC. The role is critical in helping to position LTSE as an industry leader in regulatory diligence and governance.

Responsibilities

  • Identify, draft, and submit rule filings with the SEC, acting as the primary point of contact with the staff of the Securities and Exchange Commission.
  • Oversee the regulatory component of Exchange’s listing function, including review of initial listings applications for compliance with relevant Exchange rules. You will take a primary role in the regulatory program to assure that companies meet the Exchange’s continued listings requirements.
  • Contribute to the oversight of FINRA’s examination and enforcement functions. You will act as Responsible SCI Personnel for FINRA’s regulatory systems.
  • Assist in preparing Board and Regulatory Oversight Committee meeting materials and actively participate as required.
  • Support other functional groups in reviewing and drafting policies and procedures.
  • Monitor regulatory developments at the SEC and self-regulatory organizations .

Requirements

  • JD degree with at least 6 years of relevant experience and bar admission in any state.
  • Minimum 3 years of hands-on SEC or other exchange/SRO experience, or experience at a law firm covering exchange matters.
  • Experience with the 19b-4 filing process and drafting rules.
  • Advanced understanding of national securities exchange regulatory requirements, including Regulation SCI.
  • Excellent written and verbal communication skills for interactions with SEC staff, SROs, outside counsel, and Exchange personnel.
  • Superior organizational skills adaptable to a start-up culture.
  • Creative problem-solver, capable of meeting stringent deadlines and making decisions in a fast-paced environment .
  • You have a hands-on approach and are a team player with strong prioritization skills.

Nice to Haves

  • Resident of New York Tri-state area with occasional in-office attendance (Financial District location), preferred.
  • Experience in supervising and reviewing the work product of junior staff junior staff.

LTSE's Compensation Philosophy

LTSE is focused on supporting diversity, equity, inclusion and creating a new standard for how other companies should reward their employees. In order to support equitable pay and ensure there’s no bias in our compensation process, our philosophy is based on the work being performed. To determine the compensation for the role, we use a data-driven, blended rate approach to ensure we are paying competitively among our peers by benchmarking to companies of similar size and stage and hire at the 50th percentile (midpoint) of the salary range.

The salary range for this role is $200,000 - $245,000

Benefits

  • Drive Innovation. Make an impact working with a mission-driven company that shares your desire to create a new kind of public market.
  • Meet Great People. Work with skilled, committed, and supportive teammates, that have a commitment to diversity, equity, and inclusion.
  • Achieve Balance. Enjoy the LTSE commitment to a sustainable remote-first work environment, including an unlimited vacation policy that requires team members to take a minimum of three weeks vacation per year.
  • Prioritize Health. Take charge of your health with rich medical, dental, vision, and EAP benefits. 100% of employee costs are sponsored by LTSE and there is a small, fixed employee contributions for dependent costs.
  • Focus on Family: All new parents receive up to 4 months of caregiver leave including 8 weeks of full salary continuation, all while keeping your full company-sponsored benefits for up to the full 4 months.
  • Foster Growth. Receive up to $1500 annually towards continuing education and development.
  • Invest in Savings. Enroll in our 401k program offered through Human Interest, and other benefit programs offered through Gusto.
  • Give Back Donate to organizations of your choice and LTSE will match up to $600 per year.
  • Get Started. Launch quickly with your company provided laptop, cellphone reimbursement, and $500 home-office stipend.

LTSE is committed to championing the inclusion of women and underrepresented employees at the earliest stages of the company’s life. We believe that inclusion is a team effort, and every team member is expected to participate in building a welcoming and representative culture.

LTSE is an equal opportunity employer. We do not discriminate based on race, ethnicity, color, ancestry, national origin, religion, sex, sexual orientation, gender identity, age, disability, veteran, genetic information, marital status or any other legally protected status.

We enthusiastically work to make our application and interview processes accessible for candidates with disabilities.