Director, Crypto Lending in Work From Home at TradeStation

Date Posted: 9/22/2021

Job Snapshot

  • Employee Type:
    Full-Time
  • Job Type:
  • Experience:
    Not Specified
  • Date Posted:
    9/22/2021

Job Description

Director, Crypto Lending
Chicago, IL or Virtual US
TradeStation Crypto is an online cryptocurrency brokerage that operates under the TradeStation Group family of companies. Our role in this crypto ecosystem is to provide traders and investors the access and tools they need to learn, trade, and earn interest. At TradeStation, we're continuously pushing the boundaries of what's possible, encouraging out-of-the-box thinking and a relentless search for innovation.  We offer a collaborative and flexible work environment, competitive salaries, comprehensive benefits, and an unlimited PTO policy.       
As Director, Crypto Lending, you will need to identify digital currency securities that are in demand in the lending market, ensure the trades are fully collateralized and that we stay within the risk parameters set for the business.   
ESSENTIAL JOB FUNCTIONS:  
Business Development:
  • Identify new counterparty prospects, initiate first contact and develop the relationship based on suitability
  • Capture and summarize the prospect’s business activities and possibilities for partnership with TCI to pursue mutually beneficial opportunities
Business Review and System Improvement:
  • Partner with internal and external stakeholders including fintech providers and lending counterparties to identify opportunities to enhance the product offering with a focus on increased efficiencies and effective risk management.
  • Ensure that current workflows are aligned with industry practice and recommend improvements where necessary.
  • Actively participate in defining and scoping business requirements.
  • Perform QA and UAT testing as needed.
Team Leadership:
  • Support Crypto Lending team manager and perform management duties when team manager is out of the office
  • Assist with hiring process and train new team members
  • Conduct team meetings to prioritize objectives
  • Communicate deadlines and goals to the team and ensure timely delivery
  • Promote team cohesion while also identifying areas for improvement
Counterparty Management:
  • Maintain and update documentation and tracking of counterparties both approved and prospective
  • Counterparty onboarding – TCI onboarding: Manage the documentation and follow-up questions as prospective counterparties work through and complete the TCI onboarding process
  • Counterparty onboarding – Counterparty onboarding: Gather and submit the documentation and respond to the follow-up questions as TCI completes the external counterparty’s onboarding process
  • Counterparty credit limit monitoring and management: Record and maintain accurate credit limit values in loan management systems
  • Documentation storage:  Capture, store, maintain and retrieve, as needed, all MLA’s, Term Sheets, confirmations and finance/accounting documents
  • MLA parameter tracking:  Capture parameters for newly executed agreements.   Maintain, edit and update the reference sheet as needed
  • Procedure documentation: Maintain, edit and update existing Crypto Lending procedure documentation.  Create new procedures documents as needed
Crypto Lending Loan Management:
  • Negotiate loan transactions with Crypto Lending counterparties within operational constraints while adhering to Firm Mandates
  • Manage interactions and communications around Crypto Loan Lifecycle Activities with both internal and external stakeholders including: margin call issuance, collateral release validation, recalls, returns, maturities, terminations, and settlement instructions
  • Communicate with the team before, during and after monitoring.  Effectively handoff monitoring responsibilities through coverage period
  • Monitor and respond to Crypto Lending alerts and manage associated workflows
  • Update loan managements systems for all Loan Lifecycle Activities
  • Monitor liquidity management tools to ensure timely settlements
  • Consistently perform all reconciliations and escalate when necessary
  • Assist Finance team with monthly accrual processes and ensure delivery/receipt of all monthly accrual amounts due
KNOWLEDGE, SKILLS & ABILITIES:
  • Demonstrate and articulate passion for and understanding of Cryptocurrency and Blockchain technologies
  • Proven performance in fast-paced, high-stress environments
  • Strong quantitative background including experience working with data to identify opportunities and manage risk
  • Scripting/Development skills highly desired but not required
  • Knowledge of a wide range of financial instruments, products and technologies
  • Excellent oral and written communication skills with a customer-focused, regulatory-awareness attitude
  • Self-motivated with ability to handle multiple, complex issues simultaneously and prioritize in demanding situations
  • Detail-oriented, results-focused individual who can work with minimal supervision
  • Ability to work effectively in a team environment
  • Ability to work quickly and accurately in a fast-paced, dynamic environment
EDUCATION & EXPERIENCE:
  • Bachelor’s Degree, advanced degree preferred
  • 3+ years of experience in the financial industry, including experience negotiating and executing financial transactions either in exchange-traded or OTC markets
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