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Full-Time

Product Operations Associate

Confirmed live in the last 24 hours

Paxos

Paxos

201-500 employees

Blockchain-based financial services and digital assets

Consulting
Hardware
Fintech
Crypto & Web3
Financial Services

Entry

New York, NY, USA

Category
Product Operations
Product
Required Skills
Management
Blockchain
Marketing
Requirements
  • recent graduates or those with up to one year of experience
  • strong analytical skills
  • ability to recognize and analyze trends in data
  • strong attention to detail
  • passion for solving problems
  • ability to thrive in ambiguity
  • ability to multitask and prioritize in a fast-paced environment
  • comfortable working in a tech-driven environment
  • ability to coordinate across several stakeholder groups (Engineering, Operations, Compliance, Marketing, People, Strategic Initiatives, Office of the CEO)
  • ability to "get your hands dirty" and create leverage on projects by bringing your unique expertise and willingness to learn the moving parts
  • strong project management orientation
  • ability to communicate issues/concerns before they become fires and facilitate the right stakeholders in a discussion to solve for them
  • Experience in FinTech or financial services is a plus
Responsibilities
  • Build a nimble infrastructure to support an expanding, innovative product base.
  • Execute workflows with speed and accuracy while participating in strategic reengineering, audit, risk and new business initiatives.
  • Actively engage with users, providing scaled support to resolve issues, identify user trends and work with cross-functional partners to find solutions using technology and automation.
  • Drive the delivery of operational milestones and strategic initiatives set by Operations Management at the company-wide level, ensuring rigor through best-in-class project management practices and applying critical thinking to each business decision.
  • Manage business operations to ensure fiat currency and crypto assets are custodied and transferred seamlessly, and that issues are detected and resolved promptly. This includes some after-hours work, weekend work and office visits.
  • Immerse yourself in blockchain technology, cryptocurrency for enterprises and investors, our regulation-first approach, and more!

Paxos is a fintech company that uses blockchain technology to improve financial markets by providing solutions for settling securities, commodities, and other transactions. Its main products include the Paxos Standard (PAX), a stablecoin pegged to the US dollar for secure transactions, and Paxos Gold (PAXG), a digital token backed by physical gold. Paxos differentiates itself by combining transaction fees, custody services, and partnerships with major financial entities to generate revenue. The company's goal is to enhance transparency, reduce settlement times, and lower costs in traditional finance.

Company Stage

Series D

Total Funding

$540.2M

Headquarters

New York City, New York

Founded

2012

Growth & Insights
Headcount

6 month growth

-8%

1 year growth

-5%

2 year growth

0%
Simplify Jobs

Simplify's Take

What believers are saying

  • Paxos' partnerships with major financial institutions like DBS Bank expand its market reach and service offerings.
  • The company's ability to secure regulatory approvals in multiple jurisdictions positions it for global expansion and increased adoption of its stablecoins.
  • Paxos' innovative products, such as PAXG, provide modern investment opportunities, attracting a diverse range of clients.

What critics are saying

  • The competitive landscape in the fintech and blockchain sectors is intense, requiring continuous innovation to maintain a competitive edge.
  • Regulatory scrutiny remains a significant risk, as seen with the SEC investigation and the potential for future regulatory challenges.

What makes Paxos unique

  • Paxos leverages blockchain technology to modernize financial transactions, setting it apart from traditional financial institutions.
  • Their stablecoin, Paxos Standard (PAX), and gold-backed token, Paxos Gold (PAXG), offer unique digital asset solutions that combine stability and physical asset backing.
  • Paxos' focus on regulatory compliance, as evidenced by approvals from the Monetary Authority of Singapore and the SEC investigation outcome, enhances its credibility in the fintech space.