Overview As Senior Director, Counsel (Securities), you guide ProShares through complex securities and regulatory matters for ETFs, commodity pools, interval funds, and mutual funds. You will partner with leadership to structure and launch offerings, oversee regulatory filings, and manage agency engagements. This role blends legal strategy with business impact in a fast-paced, innovation-driven ETF environment. You will help shape regulatory strategy and risk-aware product development to support growth and transparency.
Responsibilities- Provide timely, business-oriented legal counsel to senior management and across the organization
- Identify and evaluate legal and business risks to support strategic decisions
- Structure, develop and launch registered securities offerings (including commodity ETFs) under the 1933 Act and 1940 Act funds
- Lead preparation, review, and ongoing maintenance of registration statements, prospectuses, and periodic reports (e.g., 10-Ks, 10-Qs)
- Support business and product development with proactive legal input
- Coordinate with SEC, CFTC, NFA and FINRA on communications and compliance
- Draft, negotiate, and review agreements with fund service providers (custodians, administrators, underwriters, transfer agents, APs)
- Initiate projects, drive process improvements, and enhance Legal Department efficiency
- Manage and coordinate with outside counsel to optimize resources and outcomes
Key requirements- 12+ years of relevant asset management experience (law firm and/or in-house)
- JD and active U.S. state bar in good standing
- Deep knowledge of the Securities Act of 1933 and Securities Exchange Act of 1934
- Experience managing registered securities offerings
- Working knowledge of the Investment Company Act of 1940, Investment Advisers Act of 1940, and commodities regulation
- Strong judgment balancing legal risk with commercial realities
- Excellent written and verbal communication; ability to simplify complex topics
- Comfort operating under scrutiny with market-facing implications
- Regulatory and securities law expertise (1933 Act, 1934 Act)
- Experience with fund regulatory regimes (1940 Act) and commodities regulation
- Drafting and reviewing registration statements, prospectuses, and annual/quarterly reports
