Counsel, Funds Compliance Job in United States
500 Startups , United States

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1 Year
0 - 0
Job Type
Job Shift
Job Category
Requires Traveling
Career Level
Master's Degree
Total Vacancies
1 Job
Posted on
Feb 23, 2021
Last Date
May 23, 2021

Job Description

Our Mission

We uplift people and economies around the world through entrepreneurship.

Who We Are

We have backed more than 2,400 companies or 5,000+ entrepreneurs in 75+ countries. Notable investments in the 500 portfolio include Credit Karma, Twilio, Canva, Grab, Bukalapak, The RealReal, Talkdesk, Knotel, Udemy, and Ipsy. Most significantly, those companies have helped create thousands of jobs and delighted millions of customers all over the world. Because of our global network and expertise, we are in a unique position to build startups ecosystems worldwide.

What You Will Be Doing:

Technical and Functional:

Expertise. Counsel should have experience in representing sponsors and investors in private investment funds and will have completed fund formation transactions (including SPVs, managed accounts. series LPs or other such bespoke structures), sponsor-level transactions (involving the general partner and management company entities) and secondary transactions involving limited partner and/or portfolio company interests, and as such, have familiarity with various issues arising under the Securities Act of 1933, the Securities Exchange Act of 1934, the Investment Advisers Act of 1940, and the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, in the context of such transactions. Counsel should also have experience completing regulatory filings and undertaking regulatory compliance specifically under the Investment Advisers Act of 1940 (with RIA related experience seen as a bonus). Venture capital fund and/or Silicon Valley experience would be a significant plus.

Scale. Oversees the improvements of fund related workflows and processes as well as implementation of such procedures by team members. Participates in established regulatory processes with moderate guidance and suggests and implements improvements to these processes.

Autonomy and Execution:

Autonomy. Participates in established legal processes (e.g., can process form agreements, distill advice from outside counsel or otherwise coordinate within functional areas). Other than discussion of context, does not require any guidance from manager and is a self starter managing projects from end to end relatively independently. Engages with external counsel independently as the matter requires.

Judgment. Has the experience and expertise to make recommendations to business teams and take matters forward with minimal oversight. Can be trusted to make calls on basic legal matters requiring definitive decisions and detect significant issues which may require further guidance from external counsel or internal business teams. Demonstrates ability and success in applying methods or processes taught or previously learnt to new situations, with awareness to adapt for circumstantial variances as needed.

Communication. Communicates professionally, clearly and on a timely basis with various stakeholders such as commercial teams, external clients and outside counsel, thinking ahead on the priority or order of these engagements to ensure efficient and results driven outcomes. Always mindful that this position may sometimes be a frontline representative of the organization and importance of preserving brand value in any actions.

Execution. Completes all assigned tasks and manages own timeline for project completion. Proactively follows up with stakeholders in a sensitive and professional manner, and proactively keeps their manager updated. Does not let blockers linger and escalates issues as necessary.

Willingness to Adapt: Has the capacity to work on tight turnaround times and recognizes that flexibility and willingness to step up is key in a global and rapidly growing business. Is willing to put in the effort and commitment necessary to be an effective part of the overall team.

Business Impact:

Demonstrated Impact. Successfully defines and delivers on individual OKRs and Team KPIs and helps achieve baseline results on Funds and organizational objectives that are set. Able to communicate effectively with business team members to deliver quality work which meets regulatory constraints. Provides pragmatic and commercial advice and is seen by business team members as a trusted advisor. Can handle Funds projects without any supervision without incurring excessive external legal costs.

Results Oriented. Can balance maintaining high quality while moving fast and delivering impact quickly. Recognizes and escalates when feeling out of depth; does not miss deadlines or put key deliverables at risk.

Organizational Impact and Leadership:

Scope of Team Leadership. Able to communicate legal concepts and approaches with legal and commercial colleagues. Able to intelligibly formulate recommendations and solutions to procedural or legal roadblocks. Effectively communicates risks, trade offs, and recommendations for adoption following consideration by the team. Able to efficiently manage use of external counsel time and formulate recommendations based on reports provided by tax, regulatory or other counsel.

Scope of Organizational Leadership. Can lead meetings with cross-functional colleagues with minimal oversight. Able to communicate legal concepts and appropriately influence partners at senior management level, including communicating effectively on regulatory requirements and imposing regulatory restrictions on business teams, in a firm but reasonable manner.


  • 5-8 years of experience in a law firm representing fund clients on fund formation and fund regulatory matters
  • Undergraduate degree and law degree from a reputable university, bar admission.


Benefits (people are our priority, so we want to make sure we’re taking care of them):

  • Remote 1st work environment
  • Unlimited PTO, plus Holidays
  • Eligibility to participate in Medical, Dental, and Vision insurance plans
  • Eligibility to participate in the 401(k) Plan
  • The opportunity to work with phenomenal people around the world!

500 Startups is committed to ensuring equal employment opportunity and to providing employees with a safe and welcoming work environment free of discrimination and harassment.

Employment decisions at 500 Startups are based on business needs, job requirements and individual qualifications, without regard to race, color, religion, gender, gender identity, gender expression, sexual orientation, national origin, family or parental status, disability*, age, veteran status, or any other status protected by the laws or regulations in the locations where we operate. 500 Startups encourages applicants from all backgrounds.

*Applicants with disabilities may be entitled to reasonable accommodation under the terms of the Americans with Disabilities Act and certain state or local laws.

Job Specification

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