Market Regulation Investigator



United States · Remote
Posted on Wednesday, June 14, 2023

At Coinbase, our mission is to increase economic freedom around the world, and we couldn’t do this without hiring the best people. We’re a group of hard-working overachievers who are deeply focused on building the future of finance and Web3 for our users across the globe, whether they’re trading, storing, staking or using crypto. Know those people who always lead the group project? That’s us.

There are a few things we look for across all hires we make at Coinbase, regardless of role or team. First, we look for candidates who will thrive in a culture like ours, where we default to trust, embrace feedback, and disrupt ourselves. Second, we expect all employees to commit to our mission-focused approach to our work. Finally, we seek people who are excited to learn about and live crypto, because those are the folks who enjoy the intense moments in our sprint and recharge work culture. We’re a remote-first company looking to hire the absolute best talent all over the world.

Ready to #LiveCrypto? Who you are:

  • You’ve got positive energy. You’re optimistic about the future and determined to get there.
  • You’re never tired of learning. You want to be a pro in bleeding edge tech like DeFi, NFTs, DAOs, and Web 3.0.
  • You appreciate direct communication. You’re both an active communicator and an eager listener - because let’s face it, you can’t have one without the other. You’re cool with candid feedback and see every setback as an opportunity to grow.
  • You can pivot on the fly. Crypto is constantly evolving, so our priorities do, too. What you worked on last month may not be what you work on today, and that excites you. You’re not looking for a boring job.
  • You have a “can do” attitude. Our teams create high-quality work on quick timelines. Owning a problem doesn’t scare you, but rather empowers you to take 100% responsibility for achieving our mission.
  • You want to be part of a winning team. We’re stronger together, and you’re a person who embraces being pushed out of your comfort zone.

Key member of the Market Regulation Department (MRD) of Coinbase Derivatives Exchange (CDE) responsible for taking on cases involving potential/ alleged violations of CDE’s rulebook and applicable CFTC regulations. Works closely with the CDE’s Chief Regulatory Officer to impartially enforce CDE’s rules by inspecting books and records of CDE participants, conducting interviews of participants regarding matters being investigated by MRD, issuing warning letters and/or managing settlements, as needed.

What you’ll be doing (ie. job duties):

  • Investigate trade practice violations, such as spoofing, wash sales, money pass activity, frontrunning, fraud and deceptive practices, disruptive trading activity, and recordkeeping matters on Coinbase Derivatives Exchange (CDE) to ensure compliance with CFTC regulations

  • Initiate enforcement actions and conduct hearings as needed and serve as primary liaison for investigation respondee

  • Work closely with CDE trade surveillance personnel to identify violations that require heightened review

  • Draft legal memoranda of enforcement cases and escalate to CRO, CDE Board, and CDE ROC, in accordance with CDE rules and procedures

What we look for in you (ie. job requirements):

  • 5+ years experience in providing legal and/or compliance support for CFTC-registered entities

  • J.D. from an ABA accredited law school

  • Active license to practice law in one US jurisdiction

  • Sound understanding of market fundamentals, trading practices, investigative and surveillance techniques, and DCM trade practice rules

  • Strong analytical skills to document observations and findings in written memoranda and reports, and engage in written requests for information from internal stakeholders of all levels including various regulators

  • Ability to simultaneously manage multiple assignments with cross functional stakeholders

Nice to haves:

  • Experience working with CFTC Division of Enforcement and Division of Market Oversight

  • Experience working as an enforcement attorney for a DCM

  • Futures trading experience

Pay Transparency Notice: Depending on your work location, the target annual salary for this position can range from $113,900 to $134,000 + target bonus + target equity + benefits (including medical, dental, vision and 401(k)).

Pay Transparency Notice: Depending on your work location, the target annual salary for this position can range as detailed below. Full time offers from Coinbase also include target bonus + target equity + benefits (including medical, dental, vision and 401(k)).
Pay Range:
$113,900$134,000 USD

Commitment to Equal Opportunity

Coinbase is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law. Coinbase will also consider for employment qualified applicants with criminal histories in a manner consistent with applicable federal, state and local law. For US applicants, you may view Pay Transparency, Employee Rights and Know Your Rights notices by clicking on their corresponding links. Additionally, Coinbase participates in the E-Verify program in certain locations, as required by law.

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