Trading Operations Lead, Derivatives

At Anchorage Digital, we are building the world’s most advanced digital asset platform for institutions to participate in crypto.

Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry's leading security infrastructure. Home to Anchorage Digital Bank N.A., the only federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings.

The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn. 

As a lead in Derivatives Operations, you’ll play a mission-critical role in supporting the full post-trade lifecycle of complex derivative products primarily within digital assets, including options, futures, and structured products. You’ll serve as the operational backbone of our client-facing trading activity, ensuring seamless and timely settlement, margin management, reconciliation, and operational risk management. Your deep expertise in OTC derivatives, strong grasp of crypto-native infrastructure, and fluency in both traditional and crypto market structure will position you to lead the build out of key workflows, solve operational puzzles at scale, and contribute meaningfully to scaling Anchorage Digital’s institutional trading offerings.

We’re looking for an exceptionally high ownership, 0 to 1 problem solver who thrives in a fast-paced environment, with a strong technical foundation, high attention to detail, and a desire to help build the future of derivatives infrastructure. If you love managing operational complexity, thrive in high octane and collaborative environments, and want to be part of a firm that’s redefining digital asset markets you’ll fit right in

Technical Skills

• Leverage deep understanding of traditional financial services, products and strategies as required to provide thought leadership and strategic support to Anchorage Digital clients and the goals they have to implement their own strategies.
• Manage and support trade capture, confirmation, margining, and settlement processes for a variety of digital asset derivative products. Handle bilateral OTC derivatives and exchange-traded digital asset derivatives, understanding both ISDA based documentation and crypto-specific contract nuances.
• Initiate and monitor collateral and margin workflows, including IM and VM calculations, lifecycle events, reconciliations, and funds movements.
• Partner with trading, risk, legal, compliance, and finance teams to ensure controls and procedures meet the highest institutional standards.
• Reconcile positions, valuations, and P&L across internal ledgers and external platforms; manage breaks end-to-end.
• Use analytics tools (Python, SQL, Excel) to automate and streamline operational workflows, from trade capture to cash and collateral management.
• Have an understanding of the crypto industry’s landscape, tokens and protocols, and the different verticals in which they’re deployed (staking, governance, etc.).

Complexity and Impact of Work

• Navigate the unique operational complexities of digital asset derivatives
• Manage multiple product lines and counterparties across time zones and legal jurisdictions, with sensitivity to varied statutory nuances. Serve as subject matter expert (SME) on digital derivatives workflows for internal and external stakeholders.
• Identify opportunities to de-risk operational processes through tooling, controls, and automation.
• Create internal presentations, reports, and/or lead projects to enhance internal processes or contribute to the development of new tasks.
• Effectively prioritize and triage competing tasks by ensuring accuracy with both Client and Counterparty monitoring tools.
• Effectively gauge risks to the organization and to clients, thoughtfully addressing complicated questions.
• Help define standards and best practices for digital asset derivatives operations in an evolving and often ambiguous market structure.

Organizational Knowledge

• Stay updated with the evolving cryptocurrency industry trends, regulatory guidelines, and best practices related to settlements and custodial services.
• Possess a comprehensive understanding of different cryptocurrencies, their underlying technologies, and the operational processes involved in custodianship.
• Ensure that knowledge is shared among the team and do not position yourself or others as a single point of failure.
• Be familiar with the responsibilities and interests of interdepartmental teams, as well as foster collaborative relationships and partnerships to achieve common goals.

Communication and Influence

• Coach other members of the team as needed and help identify any shortcomings in current processes.
• Have "executive presence," i.e. confidence and composure interfacing with financial investors and C-level executives.
• Actively contribute to discussions within the team to improve processes and productivity, and thoughtfully convey information and insights with impact when working with other teams to address projects & issues.
• Forge relationships with key partners, specifically in support of the organization's Compliance and Product departments, as well as external counterparties.
• Collaborate effectively with internal stakeholders, such as traders, operations teams, compliance officers, and executives, to resolve settlement-related issues.

You may be a fit for this role if you have:

• 5+ years experience supporting the settlement activities of institutional clients in both traditional asset classes and crypto assets.
• Demonstrated problem-solving skills and agility, to identify emerging risks quickly, brainstorm solutions, and pivot when goals change.

Although not a requirement, bonus points if:

• Strong working knowledge in Python and SQL is a plus.
• Have experience with and understanding of crypto-native institutions. 
• A passion for building early-stage startups. 
• You were emotionally moved by the soundtrack to Hamilton, which chronicles the founding of a new financial system. :)

About Anchorage Digital: Who we are

The Anchorage Village, what we call our team, brings together the brightest minds from platform security, financial services, and distributed ledger technology to provide the building blocks that empower institutions to safely participate in  the evolving digital asset ecosystem. As a diverse team of more than 300 members, we are united in one common goal: building the future of finance by providing the foundation upon which value moves safely in the new global economy. 

Anchorage Digital is committed to being a welcoming and inclusive workplace for everyone, and we are intentional about making sure people feel respected, supported, and connected at work—regardless of who you are or where you come from. We value and celebrate our differences and we believe being open about who we are allows us to do the best work of our lives.

Anchorage Digital is an Equal Opportunity Employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status. Anchorage Digital considers qualified applicants regardless of criminal histories, consistent with other legal requirements. “Anchorage Digital” refers to services that are offered either through Anchorage Digital Bank National Association, an OCC-chartered national trust bank, or Anchorage Lending CA, LLC a finance lender licensed by the California Department of Financial Protection and Innovation, License No. 60DBO-11976, or Anchorage Digital Singapore Pte Ltd, a Singapore private limited company, all wholly-owned subsidiaries of Anchor Labs, Inc., a Delaware corporation.

Protecting your privacy rights is important to Anchorage Digital, and we work to maintain the trust and confidence of our clients when handling personal or financial information. Please see our privacy policy notices here.