Trading Operations Team Lead

Anchorage Digital is actively working on creating the most advanced digital asset platform globally for institutional engagement in crypto. Anchorage Digital enables institutions to participate in digital assets through various services such as custody, staking, trading, governance, settlement, and top-tier security infrastructure. The company accommodates institutional clients via Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., and branches like Anchorage Digital Singapore and Porto by Anchorage Digital.

Backed by prominent institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, Anchorage Digital's valuation in its Series D funding exceeds $3 billion. Established in San Francisco in 2017, the company has expanded to offices in New York, Porto, Singapore, and Sioux Falls.

As the Trading Operations Team Lead, you will be responsible for overseeing a global team of trading operations professionals that support clients in their day-to-day trading activities. Your role involves constructing the infrastructure for post-trade lifecycle activities of various digital asset instruments, ensuring prompt settlements, reconciliation, and implementing robust risk mitigation strategies. This role necessitates in-depth knowledge of cryptocurrencies, blockchain technology, financial operations, and risk management. The ideal candidate should be a problem solver, possess strong technical abilities, handle intricate tasks, demonstrate organizational expertise, and have effective communication and influencing skills to drive business results. You must have a comprehensive understanding of settlement operations, along with regulatory and operational considerations involved at each step. You and your team will engage in client interactions across multiple teams and collaborate closely with trading and other client operations areas to formulate and enhance processes and procedures continuously.

Job Responsibilities:

Technical Skills:

• Apply deep expertise in traditional financial services, products, and strategies to offer thought leadership and strategic support to Anchorage Digital clients and aid in the implementation of their strategies.

• Lead efforts to develop and refine processes for managing Counterparty and Client post-trade processing, crafting performance metrics (SLAs, KPIs), and ensure their compliance while facilitating operational scalability.

• Manage a global team responsible for executing spot, lending, and derivatives operations. Ensure the team aligns with broader strategic objectives, driving accuracy and efficiency in operational procedures.

• Utilize blockchain explorers, trading platforms, and other relevant tools to reconcile and monitor the activity of various digital assets across internal ledgers and external systems.

• Perform cash positioning and inventory management for various product flows to optimize the firm's treasury management, mitigate risks, and streamline settlement processes.

• Act as a key liaison between operational teams and engineering/product teams, advocating for operational needs and contributing to the development of the platform's roadmap to enhance trading, settlement, and risk operations.

• Collaborate with Accounting and Finance teams to ensure timely provision of accurate trade and settlement data and aid in resolving discrepancies.

• Develop and implement process enhancement initiatives to ensure optimal operational efficiency.

• Stay updated on developments in the crypto industry, gaining profound insights into tokens, protocols, and verticals like staking and governance to inform operational strategy.

Complexity and Impact of Work:

• Proactively engage with business partners to adapt quickly as business strategies evolve and new products and tasks are introduced to ensure alignment with the company's vision.

• Manage the intricacies of designing processes to reconcile and settle transactions involving various digital assets, including cryptocurrencies, tokenized assets, and fiat currencies.

• Inspire and lead a high-performing team towards operational excellence, driving time-sensitive tasks, prioritizing competing demands, and meeting deadlines.

• Identify operational priorities, create internal presentations, reports, or project leads to enhance internal processes or contribute to new tasks.

• Effectively manage individual contributors, building a team capable of autonomously delivering day-to-day results on core tasks.

• Successfully gauge, communicate, and mitigate risks to the organization and clients, addressing complex queries thoughtfully.

Organizational Knowledge:

• Stay updated on evolving cryptocurrency industry trends, regulatory guidelines, and best practices related to settlements and custodial services.

• Demonstrate comprehensive understanding of different cryptocurrencies, their technologies, and the operational processes inherent in custodianship.

• Ensure knowledge sharing within the team and in collaboration with business partners to avoid positioning as a single point of failure.

• Be well-versed with the responsibilities and interests of interdepartmental teams, fostering collaborative relationships and partnerships to achieve common objectives.

Communication and Influence:

• Directly manage and coach team members, identifying gaps in current processes and offering adequate support for improvement.

• Exhibit "executive presence" when engaging with financial investors and C-level executives, conveying confidence and composure.

• Drive discussions within the team to enhance processes and productivity, and effectively convey information and insights when working with other teams on projects and issues.

• Cultivate relationships with key partners, particularly in support of Compliance and Product departments and external counterparties.

• Collaborate seamlessly with internal stakeholders, including traders, operations teams, compliance officers, and executives, to address settlement-related issues effectively.

Qualifications:

• Possess over 7 years of experience supporting post-trade activities for institutional clients in both traditional asset classes and crypto assets.

• Display strong problem-solving skills and agility to identify emerging risks swiftly, brainstorm solutions, and adapt to evolving goals.

• Proven track record in creating end-to-end trade operations processes, from trade capture and settlement to reconciliation and risk management.

• Experience in assembling and leading teams that are efficient and adaptable to ever-changing business needs.

Preferred Qualifications:

• Proficiency in Python and SQL is advantageous.

• Knowledge and understanding of crypto-native institutions are beneficial.

• Passion for contributing to early-stage startups.

• Appreciation for the musical (soundtrack) "Hamilton" narrating the founding of a new financial system.

About Anchorage Digital:

The "Anchorage Village" brings together a diverse team of over 300 members, combining expertise in platform security, financial services, and distributed ledger technology to provide institutions with the foundation for secure participation in the evolving digital asset landscape. The team remains united in its mission to shape the future of finance by establishing a secure avenue for value transfer in the global economy.

Anchorage Digital prioritizes creating a welcoming and inclusive workplace for all, fostering an environment where individuals feel respected, supported, and connected irrespective of their background or identity. Celebrating diversity and maintaining openness allow the team to excel and perform their best work.

Anchorage Digital is an Equal Opportunity Employer committed to providing equal employment opportunities regardless of various factors including race, color, ancestry, religion, gender, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity, or veteran status. Qualified applicants are considered regardless of their criminal histories, ensuring compliance with legal requirements.

Protecting privacy rights is a top priority for Anchorage Digital, ensuring that clients trust the handling of personal and financial information. For details on our privacy policy, kindly refer to our privacy policy notices.