Swap Dealer - General Manager
FalconX
Who are we?
FalconX is the most advanced digital asset platform for institutions. We provide trade execution, credit & treasury management, prime offering and market making services. Given our global operations, industry-leading technology and deep liquidity, we have facilitated client transactions of $1 trillion in volume. Our products & services are regulated, compliant and trusted.
We are a team of engineers, product builders, institutional sales and trading leaders, operations experts, and business strategists. Our teammates have entrepreneurial experience and come from companies such as Google, Apple, Paypal, Citadel, Bridgewater, and Goldman Sachs. And, we embody our values: Think big; Drive bold outcomes; Be one team; Iterate with speed; and be an entrepreneur.
We prioritize learning. Outcomes are mission-critical, but we also believe that learning in success and in failure will drive our continued success. Our industry is emergent - there’s no shortage of experiments to get involved with and to continue growing and learning together.
Role Summary
This role will support the CEO of the Swap Dealer in driving change initiatives and new business ventures for the Swap Dealer, with responsibilities including clearly defining delivery plans and targets to enable effective growth, and integrating expansion opportunities as they arise.
This role will play a crucial part in establishing frameworks and controls for the Swap Dealer business, as well as driving improvements in both existing and new processes.
This position will be instrumental in building the operational infrastructure necessary to support the sustainable growth of the business.
Acting as a liaison between the Swap Dealer business and the Control & Support functions of the broader group, the Business Manager will serve as a key contact and go-to person.
Overall Responsibilities
Assisting with delivering new business initiatives, following and improving the groups change process, such as:
- Assisting in evaluating new business initiatives to ensure they align with business strategy and are sensible from a cost/benefit perspective.
- Responsible for effective communication with key stakeholders.
- Accountable for establishing project plans and identifying scope.
- Creating, reviewing, and enhancing existing management information (MI) and key performance indicators (KPIs) to effectively monitor and guide the business.
- Helping to create transparency around costs and budgets, driving efficiencies and cost reductions, and proactively seeking to rationalize expenses where possible.
- Aiding in driving change for the Swap Dealer by setting up new processes, reviewing current ones, and identifying improvements.
- Supporting the evaluation and justification of existing and new platforms.
- Ensuring business operations comply with local and general regulatory requirements.
- Making sure compliance and other mandatory trainings are up-to-date.
- Responsible for adhering to the Group's governance structures and risk frameworks, promptly escalating breaches and risk events.
- Ensuring clear communication with the manager and escalating issues when necessary.
- Collaborating closely with support teams and the business to complete tasks and projects.
- Delivering strategic and tactical projects and plans to enhance the current operating model.
- Ensuring the effectiveness and efficiency of operational processes, focusing on driving improvements.
- Overseeing daily operations and making adjustments as needed.
- Swap Proficiency Exam preferred, or the ability to take the exam within three months of hire.
Competencies
- Consistently exemplifies and embodies the desired values and behaviors as outlined in the Company's vision and values statements.
- In-depth understanding about the front to back processing of Swap Dealer products the applicable governance, legal and regulatory frameworks relevant to these products and demonstrates experience managing change initiatives related to these products
- Assumes responsibility for executional excellence in the company's internal policies, processes and tasks.
- Demonstrates cross functional influence without formal management oversight..
- Expected to be an expert in one or more specific skill sets, business areas, or products. Demonstrated experience in designing and delivering one or more specific daily or regular processes.
- May have external exposure as a Company representative or industry expert.
- The primary focus is on day-to-day deliverables, developing solutions based on subject expertise, and occasionally representing the relevant department at a broader level within the group.
- Provides professional support to Management & oversees the efficient and effective delivery of all processes and projects within the relevant department and sub-departments.
- Ensures the effective delivery of processes and project outcomes to the business and the broader Company group.
Required Qualifications
- Education: Bachelor's degree in finance or related field required; master's degree or relevant certifications (e.g., FRM, CFA) preferred.
- Experience: 10+ years in management or operations, preferably in an NFA regulated entity, with exposure to cryptocurrency markets. Prior Swap Dealer firm experience is highly preferred particularly supporting OTC Commodities, FX, and Rates
- Swap Dealer management expertise: Proven track record in developing and implementing policies, and procedures within a Swap Dealer or other NFA entity.
- Regulatory knowledge: Familiarity with relevant regulatory frameworks and requirements for digital asset trading platforms. Experience in managing relationships with regulators is highly preferred.
- Strong communication and leadership skills: Excellent verbal and written communication; able to present risk-related information to senior management and external stakeholders. Proven ability to lead and collaborate with cross-functional teams.
Prior cryptocurrency experience is not required; however, a general curiosity and desire to learn are a must.
Compensation:
This is a full-time position with an expected annual compensation of $192,000 - $294,000. The actual compensation for a successful candidate may vary based on factors such as skill set, relevant experience, qualifications, and other relevant factors. This position also offers other forms of compensation and benefits consisting of overtime compensation (when applicable), relocation assistance (if applicable), performance-linked bonus, paid time off (including sick time) benefits, paid Company holidays, participation in the Company’s equity and 401k retirement plan, competitive employee health, dental, and vision benefits each subject to the terms and conditions of the governing plan documents and Company policies.
Notice at Collection and Privacy Policy
Applicants located in California and/or applying to a role based in California, please refer to our Notice at Collection and Privacy Policy here.
Inclusivity Statement
FalconX is committed to building a diverse, inclusive, equitable, and safe workspace for all people. Our roles are intended for people from all walks of life. We encourage all those interested in applying to our organization to submit an application regardless if you are missing some of the listed background requirements, skills, or experiences!
As part of our commitment to inclusivity, FalconX would like to acknowledge that the EEOC survey has limited potential responses that you can select. For legal reasons, FalconX must use this language to align with federal requirements, however, we want to ensure that you are able to provide a response to our own voluntary survey questions about your identity that best aligns with your most true self.
FalconX is an equal opportunity employer and will not discriminate against an applicant or employee based on race, color, religion, national origin, ancestry, ethnicity, sex (including gender, pregnancy, sexual orientation, and gender identity), age, physical or mental disability, veteran or military status, genetic information, citizenship, or any other legally-recognized protected basis under federal, state, or local law.
Applicants with disabilities may be entitled to reasonable accommodation under the Americans with Disabilities Act and other applicable state or local laws. A reasonable accommodation is a change in the way things are normally done which will ensure an equal employment opportunity without imposing undue hardship on FalconX. Please inform FalconX’s People team at recruiting@falconx.io, if you need assistance with participating in the application process.