Cryptocurrency Settlements Specialist in Chicago, IL at TradeStation

Date Posted: 1/7/2021

Job Snapshot

Job Description

Cryptocurrency Settlements Specialist
Chicago, IL
At TradeStation Securities Inc. we are dedicated to delivering strong results and exceptional service to clients, team members and business partners. Over 500 employees working in various offices around the world are dedicated to servicing investment solutions for our clients. For over 30 years, our success has been a direct result of the talent, skills, and persistence of our people, and we are looking for qualified candidates to join our team. 
As an Operations Specialist – Cryptocurrency Settlements, you will work within the Operations team supporting the settlement of Crypto via BitGo Trust Company as well as performing validations related to the settlement of FIAT currency.  The individual will work across different teams to perform high volume, complex clearing specifically related to individual and institutional accounts, in accordance with company policies and procedures. Essential duties and responsibilities include, but are not limited to:
  • Assist with the policy implementation and execution of an effective settlements workflow
  • Provide operational support in the department to ensure compliance with all Federal and State laws, regulations, and statues as well as all corporate policies and procedures
  • Data validation of net settlement of various cryptocurrency coins with exchanges and liquidity providers
  • Partner with various teams to define operating model related to cryptocurrency
  • Ensure books and records are reconciled and all exceptions are documented, reported, and escalated in accordance with firm policy
  • Perform critical account and asset reconciliation and recordkeeping
  • Perform system testing and enhancements when required
If you have a passion for Operations, learning, being a change agent, and being at the ground floor of new and exciting opportunities coupled with a solid understanding of operations and operational workflows, this is the perfect opportunity for you. 
We are currently seeking a Settlements professional who understands all aspects of settlements, risks associated with settlements – specifically Cryptocurrency, and working knowledge of BitGo.   This is an excellent opportunity to join a high-energy, entrepreneurial culture that values individuals who exhibit a strong work ethic, a willingness to learn, and desire to achieve maximum results.
Other essential job functions:  
  • Work with risk, compliance and other business stakeholders to establish / define standard operations procedures related to the operational workflow of Cryptocurrency
  • Ensure tight controls and governance of the operational processes
  • Work with Treasury management to establish base line cash management and reporting for effective liquidity management
  • Work closely with Business Management and Technology teams to identify enhancements that will streamline the workflow and enhance the client experience, while reducing operational risk
  • Participate in internal and external audits as needed
  • Identify market trends with a focus on capitalizing on market events
  • Work with regulators to ensure transparency, controls, governance, and oversight
  • Continuous assessment and evaluation of appropriate operational processes
  • On-going monitoring of client trading patterns with keen awareness of risk exposure, performance drivers, and market environments
  • Work in tandem with Product and Technology teams to monitor and provide assistance regarding changes or major events in the Cryptocurrency space
  • Experience in supporting Cryptocurrency settlements and associated functions
  • Excellent oral and written communication skills
  • Able to work efficiently under pressure
  • Knowledge of key operational processes, including basic knowledge of books and records
  • Exceptional thought-provoking team player
  • Bachelor’s Degree
  • Financial Industry: 2 – 5 years of experience
  • FINRA Licenses: Series 99 and 7 optional