Associate Counsel

Work on products that matter.

ProShares, a leading sponsor of exchange traded funds, manages one of the industry’s most innovative and diverse set of ETFs, mutual funds and commodity pools. Our products use sophisticated investment strategies to invest across all major asset classes, including, crypto, commodities, and derivatives, and are traded on listing exchanges around the world.  This is not a passive environment: decisions here affect investor outcomes and public markets.

Why ProShares (and why this role is different).

ProShares sits at the intersection of ETF innovation, derivatives, market structure, and regulation. Senior contributors have meaningful ownership and clear line-of-sight from product structuring and launch through ongoing disclosure, reporting, and regulatory engagement—with high visibility, real accountability, and less internal bureaucracy than most large platforms.

About Us: 

ProShares now offers one of the largest lineups of ETFs, with over $100 billion in assets. The company is a leader in strategies such as crypto, dividend growth, interest rate hedged bond and geared (leveraged and inverse) ETF investing. ProShares continues to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

Position Summary:

ProShares is seeking a talented attorney to join our dynamic team. This is an excellent opportunity for an ETF or mutual fund attorney with 3 or more years of experience to build their skills while working to develop products on the cutting-edge of the ETF Industry.  You will have the opportunity to learn from a seasoned team of legal and compliance professionals and work closely with the experts behind innovative products launches like BITO, the first bitcoin linked ETF, and ISPY, the first daily covered call ETF.

Essential Job Functions^[1]:

• Lead: Spearhead the preparation of SEC regulatory materials, including registration statements, for our diverse and expanding line-up of ETFs, mutual funds and interval funds.
• Innovate: Support the development and launch of industry-leading ETFs by preparing regulatory documents and advising business teams.
• Influence: Provide guidanceon regulatory and legal issues that impact the firm’s ETF, mutual fund and Investment advisory businesses; coordinate with industry trade groups to help shape regulatory outcomes.
• Engage: Actively participate in the Board oversight process by preparing memos, resolutions, and minutes.  
• Negotiate:  Negotiate and draft a diverse array of contracts including vendor agreements, license agreements, technology agreements, and derivative contracts.

Education and Experience:

Experience required to fill this position should include familiarity with mutual funds and mutual fund regulation. ETF, interval fund and commodity pool experience is a plus.  Prefer candidates with the following specific requirements:

• 3 or more years of law firm or in-house legal experience with a focus on mutual funds or ETFs.
• Knowledge of Investment Company Act of 1940, Investment Advisers Act of 1940, and Securities Act of 1933.
• JD degree.

Knowledge, Skills and Abilities:

• Ability to balance competing priorities and work independently in a cross-functional team environment.
• Outstanding communications, analytical and organizational skills required.
• Exceptional writing skills required.
• Prior experience with a content management system preferred.

The compensation for this position includes salary and incentive pay. The annual base salary range for this role is $150,000-$180,000 (USD), which does not include discretionary bonus compensation. Total compensation may vary based on experience, role, location, department, and individual performance.

Our Benefits:

• Competitive pay and discretionary bonus
• Paid time off
• Health care benefits (medical, dental & vision)
• Additional insurance includes basic life, accidental death and dismemberment, supplemental life, disability and legal benefit
• 401(k) retirement plan with matching contribution
• Spending Accounts (Health Care, Dependent Care, and Transportation)
• Wellness Programs (fitness reimbursement, Employee Assistance Program)
• Education assistance
• Hybrid work schedule
• Additional Programs include peer recognition, corporate matching gift

[1] These statements are intended to describe the general nature and level of work involved for this job. It is not an exhaustive list of all responsibilities, duties and skills required of this job. To perform this job successfully, an individual must be able to perform each essential duty satisfactorily.  Reasonable accommodations may be made to enable individuals with disabilities to perform the essential functions.