Fund Operations Associate - Options Specialist

Job Description

Job Description

It’s rare that a new asset class is born. Nevertheless, we’re witnessing exactly that with the rise of crypto. Over just the last few years, crypto has evolved from an embryonic $50B market to a growing $3T+ juggernaut. At Bitwise, we believe that crypto has reached a turning point, and is headed north of $10T over the next few years.

This is an exciting moment for Bitwise as a firm. For seven years, we have established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, staking solutions, and hedge fund strategies. This year, we crossed $12B in client assets and are growing quickly. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. We are known for providing unparalleled client support through expert research and commentary, a nationwide client team of crypto specialists, and deep access to the crypto ecosystem.

Currently, Bitwise is a close-knit team of 90+ professionals. Think of us as a mix of an asset manager and a tech start-up. We’re backed by some of the most accomplished investors in venture capital and veterans of the financial services world. We love working together, we love what we do, and we’re excited about what’s ahead.

We’re looking for an exceptional individual to join our team and take on important responsibilities to help Bitwise scale. Primary focus will be on Equity and Crypto Options Middle Office, responsible for derivative trade capture, trade confirmations, settlements, reconciliations and position life-cycle events within the firm’s options trading activities.

Experience covering all aspects of equity options is a must.

The role will also have exposure to equities, futures, digital assets and other products. You will report directly to the Head of Fund Operations and will work with our internal systems, portfolio managers, accounting team, service providers to continuously deliver excellence on the core of what we do : supporting our professionally managed crypto investment products.  You will play a key role in supporting existing and new funds and in bringing novel, new and innovative products to market. There will be a lot to learn, a huge impact to be had, and some lifelong relationships to be built along the way.

Primary Responsibilities :

• Own and manage all aspects of option middle office lifecycle, including exercises and assignments, contras, trade affirmation, settlement and reconciliation
• Provide end-to-end support for equity and crypto options trades, from execution through clearing, settlement, and post-trade analyticsValidate, process and settle all life cycle events to ensure the integrity of the trade and positions
• Perform position and cash reconciliations
• Perform trade affirmation with counterparties to minimize risk
• Monitoring T+0 trade capture exceptions
• Processing option assignments, expiries and contras
• Collaborate with traders, operations teams, and tech teams to resolve trade breaks, confirm allocations, and ensure accurate position posting
• Ensure operational processes are fully documented, tested and adequately supported
• Assist with new product and new fund launches
• Build scalable workflows and processes with automation in mind
• Evaluate systems i.e. Traiana and NYFIX for potential fit and implementation
• Drive projects to increase efficiency and contribute to ongoing process improvements

Role Requirements :

What We Offer :

The 2025 annual salary range for this role is $80,000 to $100,000.  Final compensation will be determined by considering a range of factors, including the candidate's experience, skills, and qualifications.

Bitwise is an equal opportunity employer. We are committed to building a team of people with a variety of backgrounds, perspectives, and skills. It is the policy of Bitwise to ensure equal opportunity. All candidates are considered without regard to race, color, religion, national origin, age, sex, sexual orientation, gender identity, marital status, ancestry, physical or mental disability, veteran status, or any other legally protected characteristics.