Augustus (formerly known as Ivy) has received OCC conditional approval to charter the first clearing bank for the AI era. Backed by Variant.
About the role
As Commercial & Product Counsel at Augustus, you own the legal work behind everything we build, sell and market in the US. You’re the lawyer the business calls first. You join new products from day one: you structure them, spot risk early and get them to market without legal becoming the bottleneck. You lead commercial negotiations with our enterprise clients and own contracting end to end, from templates and playbooks to signature. You review and shape our marketing so it ships fast and stays compliant. Found on 1752vc Careers, the job board for startup and VC roles.
What they're looking for
- J.D. and admission to a US state bar (New York preferred)
- 3+ years of legal experience, split between a leading law firm (technology transactions, commercial or financial services) and at least 1 years in-house at a startup
- Track record of negotiating complex commercial agreements and advising product teams directly
- Based in New York or willing to relocate
More about this role
Few people get to build a bank from scratch. Even fewer get to build one at a moment when banking itself is being reinvented.
The Dollar is the best product in the history of the world - there is infinite global demand. But international fintechs and banks are left with two unsatisfying options to choose from: Either build on legacy correspondent banks that are slow and unreliable, or interface with middleware providers that neither move nor hold the dollars directly, but instead rely on underlying legacy banks themselves. At Augustus, we collapse the stack by combining two things: A real, national bank charter (in organization), and Marble, our proprietary core banking system, built around intelligence, made of code.
We are a group of ex-founders, founding employees of unicorns, and people who dropped out of university because they believe this is an industry and career defining opportunity. We are backed with more than $200M from Peter Thiel's Valar Ventures, Tiger Global, Hummingbird, QED, Creandum, and the founders of Nubank, Ramp, Deel, Circle, Fluidstack, Fuse, and Etched.
We are regulated in Europe and live with Euro and Stablecoin clearing today. Now, we are building the...
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