VP of Trade Operations
Posted on 12/29/2022

51-200 employees

Digital asset trading & brokerage platform
Company Overview
FalconX's mission is to build this connective tissue for open, permission-less, and truly global digital assets to be adopted by mainstream institutions at scale, today's digital infrastructure is grossly inadequate. FalconX is a digital asset trading platform that provides clients fast, secure and reliable execution using data science to eliminate slippage and hidden fees.
San Francisco, CA, USA • Chicago, IL, USA • New York, NY, USA
Experience Level
Desired Skills
Operations & Logistics
  • Must have previous working experience in traditional finance or Crypto industries
  • Familiarity with policies regarding settlement, clearing and institutional account management
  • Experience managing client margin & risk positions
  • Spot equity and/or Derivatives markets exposure and understand the underlying parties policies and positions
  • Familiarity with regulations, controls, and best practices at a FINRA or NFA registered entity
  • Past working experience at a small yet growing hedge fund, prop shop, clearing firm, or investment management firm is preferred
  • Are outcome-oriented
  • Have demonstrated diligent prioritization and focus, alongside empathetic cross-functional collaboration
  • Team-oriented and demonstrated willingness to roll up the sleeves and get into the weeds in regards to financial transaction execution
  • Extra credit: Strong understanding of cryptocurrency market structure and participants
  • Team-oriented and demonstrated willingness to roll up the sleeves and get into the weeds
  • Crypto industry experience required
  • 5+ years management experience in crypto, tech, fintech or financial services
  • Demonstrable experience improving process improvements that lead to positive outcomes
  • Experience managing a medium to large organization including planning and costs preferably in a hybrid or remote environment
  • Strong background working with engineering and product to improve company efficiency and scale
  • Team Management: Manage a team of managers who handle all incoming counter-party settlement requests within a pre-agreed timeframe. Act as a point for a portfolio of counter-parties
  • Develop Strategies and Roadmap for the Operations organization that meet the strategic objectives of the company
  • Manage the teams budget, contribution margins, headcount costs etc
  • Process Management: develop KPIs for trade operations and monitor team performance
  • Coordination: Liaise with Trading Desk, Product, and Customer Success teams to understand and deliver on their expectations with regards to serving clients
  • Investigation: Investigate and resolve operational issues and develop scalable solutions
  • Reconciliations: Ensure trades, transfers and inventory reconciliation happens across different internal subsystems and external systems - banks, custodians, etc
  • System Improvement: Design simple, elegant and scalable post-trade operational processes - confirmation, settlement. Create product requirement documents for improving our in-house settlement platform and help with testing & rollout of system changes
  • Inventory Management: Monitor daily inventory needs for - settlement, lending & borrowing activity- and liaise directly with counter-parties and agent banks to fulfill those needs
  • Collateral Management: Ensure sufficient collateral and inventory is maintained across counter-parties and exchanges at all times for operational continuity
  • Risk Management: Provide inputs to compliance and risk teams to design pragmatic controls in this environment of changing regulatory landscape
  • Regulatory Compliance: Ensure compliance with regulation across trade operations
  • Accounting: Liaise with Accounting and ensure proper trade and settlement data is provided to them on a timely basis
Desired Qualifications
  • Digital Asset or trading experience
  • Experience as an early/founding team member or high growth startup
  • MBA or commensurate experience managing strategic business initiatives