Bitwise Asset Management
Fund Operations Associate - Options Specialist
Bitwise Asset Management, New York, New York, United States, 10001
Fund Operations Associate - Options Specialist
We're looking for an exceptional individual to join our team and take on important responsibilities to help Bitwise scale. Primary focus will be on Equity and Crypto Options Middle Office, responsible for derivative trade capture, trade confirmations, settlements, reconciliations and position life-cycle events within the firm's options trading activities. Experience covering all aspects of equity options is a must. The role will also have exposure to equities, futures, digital assets and other products. You will report directly to the Head of Fund Operations and will work with our internal systems, portfolio managers, accounting team, service providers to continuously deliver excellence on the core of what we do: supporting our professionally managed crypto investment products. You will play a key role in supporting existing and new funds and in bringing novel, new and innovative products to market. There will be a lot to learn, a huge impact to be had, and some lifelong relationships to be built along the way. Primary Responsibilities: Own and manage all aspects of option middle office lifecycle, including exercises and assignments, contras, trade affirmation, settlement and reconciliation Provide end-to-end support for equity and crypto options trades, from execution through clearing, settlement, and post-trade analytics Validate, process and settle all life cycle events to ensure the integrity of the trade and positions Perform position and cash reconciliations Perform trade affirmation with counterparties to minimize risk Monitoring T+0 trade capture exceptions Processing option assignments, expiries and contras Collaborate with traders, operations teams, and tech teams to resolve trade breaks, confirm allocations, and ensure accurate position posting Ensure operational processes are fully documented, tested and adequately supported Assist with new product and new fund launches Build scalable workflows and processes with automation in mind Evaluate systems i.e. Traiana and NYFIX for potential fit and implementation Drive projects to increase efficiency and contribute to ongoing process improvements Role Requirements: 3-10 years of options Middle/Back-office experience covering trade capture and processing, collateral, confirmations, settlements, cash, position and trade reconciliations. Demonstrated proficiency in all types of options included Listed, FLEX, OTC, etc. Proficiency in all calculations used to support options instruments. Exceptional Excel skills and/or programming / automation skills: Proficiency in programming languages (language is irrelevant) with experience building out automated and scalable processes for position and trade reconciliation, break monitoring and alerting, and operational reporting workflows to reduce manual intervention and operational risk. Understanding of the relevant technology and applications required to excel in the role. Understanding of operational risk controls and regulatory requirements for options trading. Strong analytical mindset with the ability to identify operational inefficiencies, challenge existing processes both internally and with external partners, and drive continuous improvement initiatives. Self-motivated, flexible, team-oriented with fresh ideas and thrive in a fast-paced, dynamic environment. Understanding of the importance and value of our team concept, where you establish long-lasting organizational relationships that will foster a productive work environment. Strong written and verbal communication skills. Ability to juggle multiple priorities and responsibilities. Nose for identifying operational risk and surfacing issues, then solving them. $80,000 - $100,000 a year Bitwise is an equal opportunity employer. We are committed to building a team of people with a variety of backgrounds, perspectives, and skills. It is the policy of Bitwise to ensure equal opportunity. All candidates are considered without regard to race, color, religion, national origin, age, sex, sexual orientation, gender identity, marital status, ancestry, physical or mental disability, veteran status, or any other legally protected characteristics.
We're looking for an exceptional individual to join our team and take on important responsibilities to help Bitwise scale. Primary focus will be on Equity and Crypto Options Middle Office, responsible for derivative trade capture, trade confirmations, settlements, reconciliations and position life-cycle events within the firm's options trading activities. Experience covering all aspects of equity options is a must. The role will also have exposure to equities, futures, digital assets and other products. You will report directly to the Head of Fund Operations and will work with our internal systems, portfolio managers, accounting team, service providers to continuously deliver excellence on the core of what we do: supporting our professionally managed crypto investment products. You will play a key role in supporting existing and new funds and in bringing novel, new and innovative products to market. There will be a lot to learn, a huge impact to be had, and some lifelong relationships to be built along the way. Primary Responsibilities: Own and manage all aspects of option middle office lifecycle, including exercises and assignments, contras, trade affirmation, settlement and reconciliation Provide end-to-end support for equity and crypto options trades, from execution through clearing, settlement, and post-trade analytics Validate, process and settle all life cycle events to ensure the integrity of the trade and positions Perform position and cash reconciliations Perform trade affirmation with counterparties to minimize risk Monitoring T+0 trade capture exceptions Processing option assignments, expiries and contras Collaborate with traders, operations teams, and tech teams to resolve trade breaks, confirm allocations, and ensure accurate position posting Ensure operational processes are fully documented, tested and adequately supported Assist with new product and new fund launches Build scalable workflows and processes with automation in mind Evaluate systems i.e. Traiana and NYFIX for potential fit and implementation Drive projects to increase efficiency and contribute to ongoing process improvements Role Requirements: 3-10 years of options Middle/Back-office experience covering trade capture and processing, collateral, confirmations, settlements, cash, position and trade reconciliations. Demonstrated proficiency in all types of options included Listed, FLEX, OTC, etc. Proficiency in all calculations used to support options instruments. Exceptional Excel skills and/or programming / automation skills: Proficiency in programming languages (language is irrelevant) with experience building out automated and scalable processes for position and trade reconciliation, break monitoring and alerting, and operational reporting workflows to reduce manual intervention and operational risk. Understanding of the relevant technology and applications required to excel in the role. Understanding of operational risk controls and regulatory requirements for options trading. Strong analytical mindset with the ability to identify operational inefficiencies, challenge existing processes both internally and with external partners, and drive continuous improvement initiatives. Self-motivated, flexible, team-oriented with fresh ideas and thrive in a fast-paced, dynamic environment. Understanding of the importance and value of our team concept, where you establish long-lasting organizational relationships that will foster a productive work environment. Strong written and verbal communication skills. Ability to juggle multiple priorities and responsibilities. Nose for identifying operational risk and surfacing issues, then solving them. $80,000 - $100,000 a year Bitwise is an equal opportunity employer. We are committed to building a team of people with a variety of backgrounds, perspectives, and skills. It is the policy of Bitwise to ensure equal opportunity. All candidates are considered without regard to race, color, religion, national origin, age, sex, sexual orientation, gender identity, marital status, ancestry, physical or mental disability, veteran status, or any other legally protected characteristics.