Senior Associate, Prime Trading Execution Services

Job Description

Ready to be pushed beyond what you think you’re capable of?

At Coinbase, our mission is to increase economic freedom in the world. It’s a massive, ambitious opportunity that demands the best of us, every day, as we build the emerging onchain platform — and with it, the future global financial system.

To achieve our mission, we’re seeking a very specific candidate. We want someone who is passionate about our mission and who believes in the power of crypto and blockchain technology to update the financial system. We want someone who is eager to leave their mark on the world, who relishes the pressure and privilege of working with high caliber colleagues, and who actively seeks feedback to keep leveling up. We want someone who will run towards, not away from, solving the company’s hardest problems.

Our work culture is intense and isn’t for everyone. But if you want to build the future alongside others who excel in their disciplines and expect the same from you, there’s no better place to be.

Coinbase’s Trading Execution Services team provides real-time product and operational support to our Trading Business. Team members are at the front lines of helping institutional clients trade, margin and custody cryptocurrency trades. They ensure our trading systems are always fully operational from a treasury and counterparty credit perspective. Please note, this role will be remote, working in Ireland.

What you’ll be doing (ie. job duties): To be completed by all business teams except Eng.

• Manage regional TES team and act as subject matter expert of the following tasks
• Establish procedures and perform appropriate controls (including cash, digital asset and collateral reconciliations), while exercising good judgment in managing risk and following escalation procedures.
• Build and maintain close relationships and partnerships with clients, colleagues (traders, product managers, technology teams, etc.), as well as with external service providers and counterparties.
• Monitor cryptocurrency and fiat balances on execution venues and rebalance as necessary.
• Work with cross functional teams to troubleshoot trading, funding and configuration issues.
• Manage and ensure timely loan and return settlement across assets and resolve related issues daily.
• Ensure appropriate collateral is agreed and transacted with counterparties daily. Calculate margin requirements to ensure compliance with internal and client guidelines, and provide reporting to auditors, management and clients.
• Develop expertise in local market practices through experience, training, classes and outside research, to ensure best of class service.
• Participate in projects as they relate to broader business product and system development, as well as process redesign and improvement.
• Seek to influence the evolution of the marketplace through participation in industry associations and initiatives.
• Settle OTC (over-the-counter) trades with clients and counterparties.

What we look for in you (ie. job requirements): To be completed by all business teams except Eng.

• Previous experience managing a team
• Willingness to be part of a 24/7 support rotation with a global team, including weekend coverage on a rotational basis.
• Professional experience (7+ years) coupled with strong operational background and the ability to multitask will be critical
• Understanding of financial markets and related instruments
• Familiarity with cryptocurrencies including exchange trading and blockchain transactions.
• Working knowledge and understanding of securities lending, derivatives, and structured products
• Solid regulatory background and strong risk awareness
• Excellent attention to detail, problem solving/analytical abilities, and research skills in a fast pace constantly evolving working environment.
• Adaptable communication skills

Nice to haves:

• Programming knowledge to help transform manual touch points and create efficiencies in the various workflows
• Experience with derivatives, swaps, repo, margin finance and structured products a strong plus
• Experience with on-chain crypto activities a strong plus

Job #: P62903

Pay Transparency Notice: The target annual salary for this position can range as detailed below. Full time offers from Coinbase also include target bonus + target equity + benefits (including medical, dental, and vision).

Commitment to Equal Opportunity

Coinbase is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law. Coinbase will also consider for employment qualified applicants with criminal histories in a manner consistent with applicable federal, state and local law. For US applicants, you may view the Know Your Rights notice here. Additionally, Coinbase participates in the E-Verify program in certain locations, as required by law.

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