Senior Regulatory Counsel; Securities

Work on products that matter.

Pro Shares, 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 public markets and investor outcomes.

Pro Shares 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.

Pro Shares offers one of the largest lineups of ETFs, with over $100 billion in assets. We’re a leader in strategies such as crypto‑linked, dividend growth, interest rate‑hedged bond and geared (leveraged and inverse) ETF investing. We continue to innovate with products that provide strategic and tactical opportunities for investors to manage risk and enhance returns.

The Senior Director, Counsel (Securities) reports directly to the General Counsel and serves as a senior legal partner to leadership across Pro Shares’ growing ETF and registered funds business. You will provide sophisticated, business‑oriented advice on securities law and regulatory matters impacting Pro Shares’ ETFs, commodity pools, interval funds, and mutual funds.

This is a high‑impact opportunity to work within one of the largest and most diverse ETF complexes in the United States on complex and innovative product and business issues.

• Deliver timely, pragmatic, and business‑oriented legal counsel to senior management and across all levels of the organization.
• Identify and evaluate legal and business risks to support strategic decision‑making.
• Working closely with Pro Shares internal business teams, structure, develop and launch Pro Shares registered securities offerings, including commodity ETFs and other vehicles registered under the 1933 Act, and ETFs, interval funds and mutual funds registered under the 1940 Act.
• Lead the preparation, review, and ongoing maintenance of registration statements, prospectuses, 10‑Ks, 10‑Qs and other periodic reports for Pro Shares registered securities offerings.
• Support business development and product development initiatives by providing proactive legal input and guidance.
• Oversee communications and coordination with the SEC, CFTC, NFA and FINRA.
• Draft, negotiate, and review agreements with fund service providers, including custodians, administrators, underwriters, transfer agents and authorized participants.
• Independently initiate projects, drive process improvements, and enhance the Legal Department’s efficiency and effectiveness.
• Manage and coordinate with outside counsel to optimize resources and achieve favorable outcomes.

• JD and membership in good standing with a U.S. state bar.
• 12+ years of relevant experience in the asset management industry (law firm and/or sophisticated in‑house environment).
• Deep knowledge of the Securities Act of 1933 and Securities Exchange Act of 1934.
• Demonstrated experience managing registered securities offerings.
• Working knowledge of the Investment Company Act of 1940, Investment Advisers Act of 1940, and commodities regulation.

• Experience representing issuers, investment advisers, underwriters, or broker‑dealers on fund‑related matters.
• Prior experience at the SEC (helpful, not required).
• Experience with corporate transactions such as reorganizations, acquisitions, or mergers.

• Strong judgment and ability to balance legal risk with commercial realities.
• Excellent written and verbal communication, including the ability to simplify complex topics.
• Comfort operating under scrutiny and making decisions with real market‑facing implications.
• Ability to manage competing…