Director of Treasury

Reposted 4 Days Ago
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Palo Alto, CA
Senior level
Blockchain • Fintech • Financial Services • Cryptocurrency • Web3
The Role
The Director of Treasury oversees cash management, liquidity, risk management, and treasury operations, ensuring compliance and developing growth strategies with the CFO.
Summary Generated by Built In

BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing, and settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a global presence and multiple Trust companies, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges, and platforms, and millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian, and staking provider, in the world. For more information, visit www.bitgo.com.

The Director of Treasury is responsible for overseeing the company's cash management, liquidity, and financial risk management activities. This role plays a critical part in managing day-to-day treasury operations, optimizing cash flow, ensuring compliance with financial regulations, and implementing effective treasury policies. The Director of Treasury will work closely with Chief Financial Officer to develop strategies that support business growth while maintaining financial stability. This role will require being full-time onsite at our Palo Alto office to support collaborative team dynamics and innovative problem-solving.

Key Responsibilities

  • Oversee daily cash positioning, monitor cash balances, and ensure adequate liquidity across various bank accounts.
  • Forecast short-term and long-term cash requirements and ensure the company has sufficient funds to meet operational needs.
  • Manage and optimize working capital to minimize financing costs and improve cash flow efficiency.
  • Establish and maintain relationships with banks and financial institutions.
  • Oversee the opening and closing of bank accounts, and ensure the necessary internal controls are in place.
  • Manage the company's foreign exchange risk exposure and hedging strategies.
  • Work with financial advisors and counterparties to implement appropriate hedging techniques (forward contracts, options, etc.) to mitigate currency fluctuations.
  • Lead the preparation of cash flow projections, monitoring actual versus forecasted cash flows.
  • Work with other departments (e.g., Accounts Payable, Accounts Receivable, and FP&A) to obtain accurate forecasts and improve cash flow visibility.
  • Ensure compliance with internal controls and treasury policies and procedures.
  • Prepare regular cash management and treasury-related reports for senior management, including key performance indicators (KPIs) and liquidity analysis.
  • Provide insights into cash flow trends, working capital management, and funding needs to support strategic decision-making.
  • Collaborate with cross-functional teams (Accounting, Finance, Legal, etc.) to ensure alignment with broader organizational goals.

Qualifications & Skills

  • Bachelor’s degree in finance, Accounting, Business Administration, or a related field.
  • CPA, CFA, or other relevant certifications are a plus.
  • Minimum of 5-7 years of experience in treasury or corporate finance, including experience in cash management, banking, debt management, and risk management.
  • Previous experience managing treasury functions in a large or multi-national organization preferred.
  • Strong understanding of treasury systems, cash management, and financial risk management strategies.
  • Excellent analytical and problem-solving skills.
  • Ability to develop and maintain relationships with banks, financial institutions, and external advisors.
  • Advanced proficiency in Microsoft Excel and experience with treasury management systems (TMS) or ERP systems.
  • Strong communication skills, both verbal and written, with the ability to interact with senior executives and cross-functional teams.
  • High attention to detail and the ability to handle multiple tasks under pressure.
  • Knowledge of relevant financial regulations, including SOX compliance, IFRS, and GAAP.

Why Join BitGo?

Disrupting an industry takes vision, innovation, passion, technical chops, drive to deliver, collaboration, and execution. Join a team of great people who strive for excellence and personify our corporate values of ownership, craftsmanship, and open communication. We are looking for new colleagues who bring innovative ways of thinking and problem solving, and who want risks to be part of the team that changes the world’s financial markets.

Here are some of the benefits* of working at BitGo:

  • Competitive base salary, bonus and stock options
  • 100% company paid health insurance for employee, partner and dependents
  • Up to 4% 401k company match
  • Paid parental leave, Paid vacation
  • Free custom lunches, dinners and snacks 
  • Computer equipment and workplace furniture to suit your needs
  • Great colleagues and inspiring startup environment
  • *Benefits may vary based on location 

Cryptocurrencies are the most disruptive change the financial services industry has seen in years. Join us and you’ll be able to look back and say you were part of the team that transformed investing.

Pay Transparency Notice: Depending upon your leveling and location, the compensation for this role averages between $180,000 - $215,000 USD base salary. Equity, an annual performance bonus and the benefits outlined below are also a part of this role's package. 

Top Skills

Erp Systems
Excel
Treasury Management Systems
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The Company
HQ: Palo Alto, CA
293 Employees
On-site Workplace
Year Founded: 2013

What We Do

BitGo is the leader in digital asset financial services, providing institutional investors and crypto platforms with liquidity, custody, and security.

In 2020, the company reached new milestones with the launch of BitGo Prime, the first and only deeply integrated, full-stack solution with custody, trading and lending. With the launch of BitGo Portfolio and BitGo Tax, the company also manages activities across wallets, exchanges and service providers.

In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo processes over 20% of all global Bitcoin transactions, and supports over 250 coins and tokens. BitGo’s customer base includes the world's largest cryptocurrency exchanges and spans more than 50 countries, including qualified custodial entities in Switzerland and Germany.

BitGo is backed by Goldman Sachs, Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, and Valor Equity Partners.

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