Trading Operations Lead, Derivatives

**Anchorage Digital **

At Anchorage Digital, a pioneering digital asset platform for institutional participation in the crypto space, we offer a comprehensive suite of services encompassing custody, staking, trading, governance, settlement, and top-tier security solutions. Anchorage Digital Bank N.A., the sole federally chartered crypto bank in the U.S., serves as our affiliate alongside Anchorage Digital Singapore and Porto by Anchorage Digital.

Our backers include prominent entities like Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, elevating our Series D valuation above $3 billion. Established in 2017 in San Francisco, California, with additional offices in New York, Porto, Singapore, and Sioux Falls, Anchorage Digital is dedicated to setting new standards in the digital asset domain.

As head of Derivatives Operations, you will take on a pivotal role by overseeing the complete post-trade workflow for intricate derivative products within the digital asset realm, focusing on options, futures, and structured products. Your responsibilities will involve managing critical operational aspects for client-facing trading activities, ensuring efficient settlement, margin management, reconciliation, and operational risk mitigation. Drawing on your in-depth knowledge of OTC derivatives, strong familiarity with crypto-native infrastructure, and adeptness in both traditional and crypto market frameworks, you will lead the development of essential processes, solve operational challenges on a large scale, and play a key role in expanding Anchorage Digital's institutional trading services.

We seek an entrepreneurially-minded problem-solver, with a strong technical background, acute attention to detail, and an ambition to shape the future of derivatives infrastructure. If you excel in overseeing operational intricacies, thrive in dynamic and collaborative settings, and aspire to contribute to the transformative growth of digital asset markets--you are the ideal fit for our team.

Technical Skills

• Apply your profound understanding of customary financial services, products, and strategies to offer strategic guidance and support to our clients.
• Administer and support trade capture, confirmation, margining, and settlement functions across various digital asset derivative products, including bilateral OTC derivatives and exchange-traded digital asset derivatives.
• Lead collateral and margin workflows, encompassing IM and VM calculations, lifecycle events, reconciliations, and fund transfers.
• Collaborate with trading, risk, legal, compliance, and finance teams to ensure adherence to the highest institutional standards.
• Reconcile positions, valuations, and P&L between internal ledgers and external platforms.
• Utilize analytics tools such as Python, SQL, and Excel to automate and streamline operational workflows, from trade capture to cash and collateral management.
• Develop a solid understanding of the crypto industry landscape, tokens, protocols, and their varied applications like staking and governance.

Complexity and Impact of Work

• Maneuver through the unique operational intricacies of digital asset derivatives.
• Manage multiple product lines and counterparties, considering different time zones and legal jurisdictions while serving as a subject matter expert on digital derivatives workflows.
• Identify opportunities to optimize operational processes through tooling, controls, and automation.
• Drive internal projects and enhancements to streamline processes and support new tasks.
• Prioritize tasks effectively by ensuring accuracy within Client and Counterparty monitoring tools.
• Evaluate risks to the organization and clients and resolve complex issues thoughtfully.
• Contribute to defining standards and best practices for digital asset derivatives operations in an evolving market landscape.

Organizational Knowledge

• Stay informed on evolving cryptocurrency industry trends, regulatory guidelines, and best practices concerning settlements and custodial services.
• Possess a comprehensive grasp of different cryptocurrencies, their underlying technologies, and custodial operational procedures.
• Share knowledge within the team without fostering dependence on any single individual.
• Cultivate collaborative relationships across interdepartmental teams to achieve collective objectives.

Communication and Influence

• Mentor team members as needed and identify areas for process improvement.
• Demonstrate executive presence in interactions with financial investors and C-level executives.
• Actively contribute to discussions within the team to enhance processes and productivity.
• Establish strong partnerships with key stakeholders, especially within Compliance and Product departments, as well as external counterparties.
• Collaborate efficiently with internal stakeholders like traders, operations teams, compliance officers, and executives to resolve settlement-related issues.

Requirements

• Minimum 5 years of experience supporting settlement activities for institutional clients in traditional asset classes and crypto assets.
• Demonstrated problem-solving skills and agility in adapting to evolving situations.

Preferred Qualifications

• Proficiency in Python and SQL is an advantage.
• Understanding of crypto-native institutions is beneficial.
• Enthusiasm for contributing to early-stage startups.
• Appreciation for the soundtrack of Hamilton.

About Anchorage Digital

Anchorage Village, our team, comprises brilliant minds from diverse backgrounds in platform security, financial services, and distributed ledger technology, united in our mission to empower institutions to participate safely in the evolving digital asset industry. With over 300 team members, we share a common goal: to shape the future of finance by providing a secure platform for value transfers in the global economy.

Anchorage Digital values diversity and inclusivity, fostering a welcoming environment where all individuals feel respected, supported, and connected. We celebrate our differences, believing that openness about our backgrounds enables us to deliver our best work.

Anchorage Digital is an Equal Opportunity Employer, committed to providing equal employment opportunities regardless of race, color, ancestry, religion, sex, national origin, age, citizenship, marital status, disability, gender identity, or veteran status. We consider all qualified applicants in compliance with legal requirements concerning criminal histories.