Full-Time

Trade Operations Associate

Confirmed live in the last 24 hours

FalconX

FalconX

201-500 employees

Institutional crypto trading platform for financial institutions

Crypto & Web3
Financial Services

Compensation Overview

$92k - $121kAnnually

+ Performance Linked Bonus + Equity

Mid

San Francisco, CA, USA

Hybrid position requiring in-office presence.

Category
Sales & Trading
Finance & Banking
Requirements
  • 3-5 years of experience in a trading firm, hedge fund or investment bank.
  • Superb self-management skills - you love organizing your work with the help of checklists and measuring your progress.
  • Previous experience working in fast-paced, high-pressure environment.
  • Graduate degree (open to all any majors).
  • Desire to become an expert on digital assets such as Bitcoin and Ethereum.
Responsibilities
  • Handle all incoming counterparty settlement requests within a pre-agreed timeframe. Act as a point of contact for a portfolio of counterparties. Track towards assigned KPIs for trade operations.
  • Work in concert with Trading Desk, Product, and Customer Success teams to understand and deliver on their expectations with regards to serving clients.
  • Ensure trades, transfers and inventory reconciliation happens across different internal subsystems and external systems - banks, custodians, etc.
  • Monitor daily inventory needs for - settlement, lending & borrowing activity- and liaise directly with Treasury Management.
  • Provide inputs to compliance and risk teams to design pragmatic controls in this environment of changing regulatory landscape.
  • Adhere to established trade operations processes designed for regulatory compliance.
  • Liaise with Accounting and ensure proper trade and settlement data is provided to them on a timely basis.
  • Perform reconciliations between internal systems and external to ensure data integrity, identify breaks and resolve them by working with relevant teams.
  • Improve reconciliation processes, provide inputs in making them robust or/and identify gaps in current reconciliations so that there is completeness.

FalconX operates an institutional crypto trading platform that focuses on the needs of financial institutions dealing with digital assets like Bitcoin and Ethereum. The platform simplifies the trading process by providing clear price discovery and efficient trade execution, allowing institutions to buy and sell cryptocurrencies without concerns about price discrepancies or hidden fees. Trusted by major financial institutions, FalconX tailors its services to hedge funds, asset managers, and proprietary trading firms, ensuring their specific requirements are met. The company offers a range of services including trade execution, credit, treasury management, market making, and prime services, generating revenue through these specialized offerings. FalconX aims to provide a reliable and efficient trading experience for institutional clients in the rapidly evolving crypto market.

Company Stage

Series D

Total Funding

$415.4M

Headquarters

San Mateo, California

Founded

2018

Growth & Insights
Headcount

6 month growth

12%

1 year growth

38%

2 year growth

55%
Simplify Jobs

Simplify's Take

What believers are saying

  • Increased demand for crypto options trading boosts FalconX's growth potential.
  • The new FX desk in London attracts more institutional clients to FalconX.
  • Auto-liquidation service for APAC miners improves capital efficiency and market reach.

What critics are saying

  • Regulatory scrutiny may increase compliance costs for FalconX.
  • Currency market volatility poses risks to FalconX's new FX desk.
  • Operational challenges may arise from regional regulatory differences in APAC.

What makes FalconX unique

  • FalconX offers seamless price discovery and trade execution for institutional clients.
  • The platform eliminates slippage and hidden fees, enhancing trading efficiency.
  • FalconX is the first custodian supporting the Avail token, showcasing its innovative edge.

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