VP, Treasury Services

About Circle:

Circle is at the forefront of the financial technology industry, enabling digital value transfer on a global scale. Our innovative infrastructure, including USDC, a blockchain-based digital dollar, empowers businesses, institutions, and developers to leverage the power of the emerging internet of money. With this technology, possibilities for payments, commerce, and markets are expanded, contributing to global economic prosperity and inclusion. Join us in this exciting turning point in the evolution of money and technology.

Join our Team:

At Circle, we embrace visibility and stability in our organization. As we expand our reach into strong jurisdictions worldwide, we value speed and efficiency as drivers of our success. Our employees embody our core company values: Multistakeholder, Mindfulness, Driven by Excellence, and High Integrity. Working remotely with a focus on team collaboration, we foster a flexible and diverse work environment that encourages new ideas and treats everyone as a valuable stakeholder.

Overview of Responsibilities:

We are seeking a seasoned leader to collaborate with our Treasurer and drive the development and expansion of Circle's Treasury Execution, Client Services, and Operations functions. You will be responsible for managing a wide range of operational aspects, including balance sheet management, primary operations in OTC trades, digital assets, fiat operations, and more. By leveraging operational synergies and automation, you will contribute to the standardization and efficiency of Circle's risk management processes and help deliver value to our customers and shareholders. Additionally, you'll establish best-in-class processes and controls that surpass regulatory requirements. This is a strategic role that holds great importance in delivering on Circle's mission.

Key Role Responsibilities:

• Build and scale an operations function that supports continuous flows of crypto and fiat currencies 24/7.
• Develop and implement a global foreign exchange strategy applicable to crypto and fiat operations.
• Enhance the stablecoin ecosystem's efficiency by developing and implementing credit offerings for digital asset customers.
• Manage corporate balance sheet risk, including interest rates, foreign exchange, credit risk, and hedging activities.
• Facilitate the launch of new products and business lines with robust risk operational processes and financial risk management.
• Provide operational expertise and support for the OTC market business, including asset custody, reporting, margin operations, and financial risk management.
• Work closely with internal stakeholders to ensure adherence to regulatory requirements and internal controls.
• Establish and manage a global network of transaction banking partners to provide stablecoin liquidity to our customers.
• Maintain relationships with financial service providers, such as transaction banks and financial market utilities.
• Oversee fiat operations, including funds flows, return handling, metric analysis, and reporting.
• Automate operational and reconciliation processes to reduce errors and increase efficiency.
• Maintain operational controls, policies, standards, and procedures.

Our Core Values:

At Circle, our core values guide us in our work:

• Multistakeholder: We prioritize our commitment to our customers, shareholders, employees, families, and local communities.
• Mindful: We show respect, listen actively, and pay attention to detail.
• Driven by Excellence: We pursue our mission with passion, striving for excellence and rejecting mediocrity.
• High Integrity: We value open and honest communication, and hold ourselves to high ethical standards.

Requirements:

• 15+ years of full-time experience in treasury, banking, payments industry or related field.
• 8+ years of experience managing, building, and leading teams.
• Prior experience in managing balance sheet risk and scaling operations.
• Strong work ethic and adaptability in a fast-paced environment.
• Ability to prioritize and manage multiple tasks.
• Interest in macroeconomics, business cycle modeling, and cryptocurrency industry.
• Proficiency in advanced spreadsheet skills and/or basic computer programming (SQL, Python, AppScript, VBA, etc.).
• Familiarity with Slack, Apple MacOS, and GSuite.

Additional Information:

• This position is eligible for day-one PERM sponsorship for qualified candidates.
• Circle offers a competitive compensation package, including benefits such as medical, dental, vision, and 401(k).
• Our vacation policy is discretionary, and we provide 10 days of paid sick leave and 11 paid holidays per year (US).
• Circle is an equal opportunity employer committed to diversity and inclusion.

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