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Trade Operations Analyst

FalconX

FalconX

IT, Operations
New York, USA
Posted on Thursday, December 21, 2023

Who are we?

FalconX is the most advanced digital asset platform for institutions. We provide trade execution, credit & treasury management, prime offering and market making services. Given our global operations, industry-leading technology and deep liquidity, we have facilitated client transactions of $1 trillion in volume. Our products & services are regulated, compliant and trusted.

We are a team of engineers, product builders, institutional sales and trading leaders, operations experts, and business strategists. Our teammates have entrepreneurial experience and come from companies such as Google, Apple, Paypal, Citadel, Bridgewater, and Goldman Sachs. And, we embody our values: Think big; Drive bold outcomes; Be one team; Iterate with speed; and be an entrepreneur.

We prioritize learning. Outcomes are mission-critical, but we also believe that learning in success and in failure will drive our continued success. Our industry is emergent - there’s no shortage of experiments to get involved with and to continue growing and learning together.

Impact

In the Trading Desk Operations Associate role, you will help manage the operational side of the trading desk’s activities and interact with various internal groups and external parties. You will gain an in-depth understanding of the flow of the trading and settlement cycle, as well as the regulatory and operational considerations of each step. You will interact with clients and liquidity counterparties for settlements, interface with our Accounting to ensure the consistency and completeness of our official trading records, and work in concert with our Trading teams globally.

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.

Requirements

  • 1-5 years of experience in a trading firm, hedge fund or 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
  • BA/BS in Finance, Accounting or a related field
  • Desire to become an expert on digital assets such as Bitcoin and Ethereum

You will be required to gain an understanding of the broader responsibilities of cryptocurrency trade operations and the life cycle of institutional trading. You should strive to be the first point of contact for trade settlements and operations. You will have exposure to a wide range of functions in a complex and dynamic market. The ability to multitask and prioritize will be key, combined with management of critical day-to-day functions.

Compensation

Base pay for this role is expected to be between $90,000 and $120,000 USD. This expected base pay range is based on information at the time this post was generated. This role will also be eligible for other forms of compensation such as a performance linked bonus, equity, and a competitive benefits package. Actual compensation for a successful candidate will be determined based on a number of factors such as skillset, experience, and qualifications.

Inclusivity Statement

FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!

As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.