Vice President of Operations, Ondo

Salary not provided
Expert level
Remote in US
Ondo

On-chain finance firm

Open for applications

Ondo

On-chain finance firm

21-100 employees

FintechB2CCryptocurrencySaaSBlockchain

Open for applications

Salary not provided
Expert level
Remote in US

21-100 employees

FintechB2CCryptocurrencySaaSBlockchain

Company mission

To make institutional-grade financial products and services available to everyone.

Role

Who you are

  • Confidence that you can achieve the above target outcomes
  • At least 10 years of experience in investment fund operations or similar roles
  • At least 5 years managing teams of 5 or more
  • At least 3 years of VC-backed startup experience
  • Comfort with or interest in using blockchain-related technologies
  • An excellent operator with strong analytical skills
  • A strong leader and team builder
  • An excellent communicator (i.e. you are able to clearly and precisely communicate the appropriate information to the appropriate people at the appropriate times)
  • Adaptable and innovative, with a passion for technology-driven finance
  • You Enjoy..
  • Leading complex operational initiatives
  • Driving operational excellence in a dynamic, fast-paced environment
  • Navigating the challenges of blending traditional finance with innovative blockchain solutions

Desirable

  • Experience in blockchain and/or DeFi
  • Experience managing a global team
  • Experience setting up and/or managing 24/7/365 operations
  • Some technical background and/or experience coding
  • Experience setting up new fund operations processes for a firm
  • Experience setting up and winding down multiple funds

What the job involves

  • Build out and Management of Investment Operations Team. Plan for, hire, and manage the investment operations team, including investment operations managers, associates, investment accountants, investment compliance personnel, consultants, and related parties
  • Appropriately balance between maintaining appropriate excess capacity for redundancy and agility and maintaining cost efficiency
  • Being the “Hands On” Second Layer of Defense. Get involved in the details of any issue or process that needs senior leadership or rapid resolution
  • Client & Regulator Communications. Be the face of the investment operations team to clients and regulators. This involves both attendance and presentation in meetings, but also in written communications (including, but not limited to, customer support materials, marketing materials, and customer diligence questionnaires)
  • Process Development, Management, and Improvement. Work closely with product, engineering, compliance, and other teams to design robust and clear operational processes and then monitor to ensure adherence, updating procedures as necessary. When things go wrong, as appropriate conduct root-cause analysis and make process changes
  • Interdepartmental Communication and Relations. Work with other department leaders to ensure clear delineations of responsibilities between teams and ensure effective, harmonious relations between teams
  • KPIs and Reporting. Design, inspect, and manage reporting across all investment products
  • Audit, Tax, and Compliance Management: Ensure that all investment operations are compliant with all relevant regulations and internal policies. Ensure are appropriate registrations, filings, and reports are completed and submitted on time
  • Risk & Security Management: identifying and managing operational risks associated with investment operations. This includes setting and managing authorizations and permission levels for personnel for all activities related to investment operations. Ensure business continuity plans and other plans are thorough and up to date
  • Technology and Data Management: overseeing the use of technology and data management systems to support investment operations, including compliance, risk, accounting, etc
  • (Likely) Building and Managing a Global a 24/7/365 Investment Operations Function. Design and build out of an investment operations team that can support 24/7/365 oversight of our systems and operations (e.g. investments, redemptions, bridging, etc.)

Our take

The crypto market hit it’s all-time peak in 2021 at a value of $3 trillion, whilst it’s not at the optimum place it was cryptocurrency is still very much challenging competitors in the digital currency market. Ondo finance is looking to innovate on top of the traditional crypto models offering ​​structure investment products to users. The company has two branches; an asset management tool and a technology tool that develops decentralized finance protocols, each with their own interface.

A huge win for the company was a 2023 tokenizing exposure to US Treasuries becoming the first tokenized bond backed by US Treasury bills and bank deposits. With this Ondo has stood its ground as a market leader alongside its continued efforts to roll out new tokenised real-world assets and nurture protocols that can support both tokenized real-world assets and traditional crypto. The company boasts a large amount of funding that has supported and continues to support development in the sector to retain its position in the space.

Freddie headshot

Freddie

Company Specialist

Insights

Top investors

Few candidates hear
back within 2 weeks

Company

Funding (2 rounds)

Apr 2022

$20m

SERIES A

Aug 2021

$4m

SEED

Total funding: $24m

Company benefits

  • Tokens, and/or equity (according to your preferences). We're well-funded and believe that great talent deserves great compensation
  • Full benefits (medical, vision, and dental) and flexible vacation policy (PTO)
  • Small remote-first team. You'll be an early team member helping shape our vision, culture, and Product practices
  • A+ colleagues. Our leadership team includes alumni from Goldman Sachs Digital Assets, Fortress, Bridgewater, and MakerDAO
  • Best-in-class investors. We are proud to be backed by leading funds and strategics (incl. Founders Fund, Pantera, GoldenTree, Coinbase, and CoinFund) and angels (incl. founders of AngelList, Anchorage, and Aave)

Company HQ

Midtown Manhattan, New York, NY

Leadership

Previously a Partner at ChainStreet Capital. Went on to focus on cryptocurrency market services within Digital Assets - Global Markets & GS AccelerateDigital Assets at Goldman Sachs.

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