Kraken · 4 days ago
Senior Counsel - Commercial (Institutional)
United States
Full-time
Remote
Senior Level, Lead/Staff
$146K/yr - $293K/yr
8+ years expKraken is a mission-focused company rooted in crypto values, seeking a Senior Counsel - Commercial (Institutional) to lead their legal efforts in managing commercial contracts for institutional products. The role involves negotiating and drafting complex agreements, partnering with various internal teams, and ensuring compliance with legal and regulatory standards.
BitcoinBlockchainCryptocurrencyEthereum
Responsibilities
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, ensuring robust, scalable documentation and collateral frameworks
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
Use a highly-regulated and well-resourced environment to your strategic commercial advantage
Build and continuously improve commercial legal processes that balance speed, flexibility, and risk management, including leveraging AI and automation tools to increase deal velocity and consistency
Qualification
Required
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, ideally both in-house and at a top law firm
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
Preferred
Experience working in regulated financial services (e.g., at a bank, representing banking clients, or negotiating regularly with banks or large asset managers)
Familiarity with institutional asset management, prime brokerage, or fund-level trading relationships
Familiarity with corporate treasury operations, cash-management products, and liquidity solutions
Company
Kraken
Kraken is a global cryptocurrency exchange platform that allows users to buy, sell, and trade digital assets securely.
1001-5000 employees
Funding
Current Stage
Late StageLeadership Team
David Ripley
CEO
Trevor Rutar, MBA
Chief Executive Officer and Managing Director of Kraken Bank
Recent News
2025-10-07
Crowdfund Insider
2025-10-07
Company data provided by crunchbase