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 cus