About the company
It’s not very often that a new asset class is born. But that’s exactly what we’re witnessing today with the rise of crypto. Over just the last four years, crypto has evolved from an embryonic $50B market to a young-but-growing $1T+ market today. At Bitwise, we think it’s just getting started. In fact, we believe crypto has reached a turning point, and is headed north of $10T over the next few years. Along the way, we expect there to be risks, pitfalls, and uncertainty — much like there was during the rise of the Web, of cloud computing, and of apps. But we also expect there will be great opportunities, and millions of people wanting to participate in the potential upside. Our goal at Bitwise is to help busy investors understand and access the opportunities emerging in the cryptocurrency asset class. We want all those who so desire to be able to come along for the ride in a secure and simple manner, and to be able to benefit from the role crypto exposure can play in pursuing their investment objectives. Today is an exciting moment for Bitwise as a firm. In 2021 we crossed $1B in AUM and are growing quickly with a suite of leading crypto index funds spanning large-cap crypto assets (ticker: BITW), DeFi, NFTs, Metaverse, and more to come. We also created the index behind the world’s first crypto industry equities ETF. We focus on serving investment professionals — financial advisors, family offices, hedge funds, endowments, foundations, and others — the people entrusted to look after the capital and savings of individuals and institutions across the country. We provide education, partnership, and professionally managed investment products tailored to this group’s needs, to help them build their view, pick their strategy, and get their exposure. Currently, Bitwise is a close-knit team of 70+ professionals. Think of us as a mix of an asset manager and a tech start-up. Our backgrounds combine technology expertise with decades of experience in asset management and indexing, coming from firms including BlackRock, Wealthfront, J.P. Morgan, IndexIQ, ETF.com, Blackstone, Meta, and Google, as well as the U.S. Attorney’s Office. 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.
Job Summary
Primary Responsibilities:
đź“ŤRoutinely monitor all investment portfolios to ensure continuous compliance with mandates, including asset type restrictions, concentration limits, leverage controls, and issuer exposure limits. Proactively communicate with the CCO regarding any compliance matters that arise and work with the CCO to develop solutions. đź“ŤOwn the daily monitoring, research, and resolution of BNY-provided Compliance Issues Logs, requiring consultation with the CCO, Portfolio Management (PM) team, the Research team, and external partners (e.g., Vident, ETC) to document decisions. đź“ŤAs part of the Legal and Compliance team, take full ownership of translating complex fund governing documents and regulatory restrictions into precise compliance rules for new fund launches and fund amendments. đź“ŤInstruct BNY Mellon on necessary compliance rule applications, review the BNY-provided Compliance Summary Matrix for fund launches, and identify/resolve any coding mistakes. đź“ŤAs part of the Legal and Compliance team, lead the effort to professionalize and scale compliance controls to manage a growing fund count (33+ funds), reducing reliance on PM Team for these specialized functions.
Role Requirements:
📍Five years of demonstrated history of expertise in regulatory compliance, with experience revising compliance policies and conducting rigorous compliance testing. 📍Bachelor’s degree in business, finance, or other related field, or equivalent work experience. 📍Proven ability to manage legal and compliance operations projects end-to-end. 📍Experience administering Code of Ethics programs and managing implementation processes, including OMS and PMS coding. 📍Strong knowledge of the Investment Advisers Act, FINRA rules, and other applicable financial regulations. 📍Attainment of the Investment Adviser Certified Compliance Professional (IACCP®) designation is highly desirable.
The crypto industry is evolving rapidly, offering new opportunities in blockchain, web3, and remote crypto roles — don’t miss your chance to be part of it.
