Bastion

Finance Operations Lead

United States

Not SpecifiedCompensation
Mid-level (3 to 4 years)Experience Level
Full TimeJob Type
UnknownVisa
Fintech, Crypto & Web3, Data & AnalyticsIndustries

Position Overview

  • Location Type: Remote
  • Employment Type: Full-Time
  • Salary: Not specified

Bastion enables financial institutions and enterprises to issue regulated stablecoins, generate revenue on reserves, and expand their ecosystems. Bastion’s platform combines stablecoin issuance, secure custody, and seamless orchestration for cross-border transfers, on/off-ramps, and stablecoin conversions. With Bastion’s platform and APIs, businesses can create and scale their stablecoin network, while optimizing revenue, compliance, and control.

We're seeking a process-driven and technically proficient Finance Operations Lead to streamline our financial operations. This hands-on role involves identifying operational inefficiencies, implementing scalable payment operations, and maintaining risk controls for stablecoin transactions. You'll play a key role in developing transaction reporting systems, managing daily settlement processes, and ensuring accurate reconciliation of all financial activities, collaborating closely with cross-functional teams to create seamless financial workflows.

Requirements

  • 10+ years of experience in financial operations or payment processing.
  • Demonstrated experience with cryptocurrency operations and blockchain transactions.
  • Track record of developing and improving financial operations processes.
  • Experience with settlement systems and reconciliation procedures.
  • Knowledge of regulatory requirements for financial transactions.
  • Strong analytical skills and attention to detail.

Responsibilities

  • Identify inefficiencies in operational processes and implement solutions with a 360-degree view of operations and stakeholder requirements.
  • Document, maintain, and improve standard operating procedures for finance operations at Trust.
  • Develop scalable payment operations processes that accelerate transaction times and reduce stuck transactions.
  • Verify customer deposits in both fiat and USDC, and validate trust minting operations.
  • Implement risk controls by monitoring swap operations, tracking spread activities through exchanges, and verifying stablecoin transactions and redemptions.
  • Develop transaction reporting systems for customers, including daily settlement reports, transaction status updates, and balance confirmations.
  • Monitor customer wire transfers, track currency conversions, and rebalance fiat/stablecoin holdings as needed.
  • Calculate daily NAV and generate transaction fees reports.
  • Own the end-to-end settlement process including daily reconciliation, exception handling, and audit trail maintenance.
  • Manage fiat on/off ramp operations, including comprehensive reconciliation and financial reporting for all fiat-to-crypto and crypto-to-fiat transactions.
  • Collaborate with exchange partners to optimize fiat-to-crypto on/off ramp processes, troubleshoot transaction issues, and ensure smooth conversion flows.
  • Create and maintain detailed reconciliation reports for fiat on/off ramp activities, ensuring accuracy between banking systems and crypto exchange platforms.

Application Instructions

  • Not specified

Company Information

  • Bastion enables financial institutions and enterprises to issue regulated stablecoins, generate revenue on reserves, and expand their ecosystems.
  • Bastion’s platform combines stablecoin issuance, secure custody, and seamless orchestration for cross-border transfers, on/off-ramps, and stablecoin conversions.

Skills

Financial Operations
Payment Processing
Cryptocurrency Operations
Blockchain Transactions
Process Development
Settlement Systems
Reconciliation Procedures
Regulatory Requirements
Analytical Skills
Attention to Detail
Operational Efficiency

Bastion

Web3 platform for digital interactions

About Bastion

Bastion provides a platform that helps businesses integrate web3 technology into their existing systems. This platform includes features like custodial wallets for managing digital assets, smart transaction routing to optimize transactions, and data analytics to gain insights from customer interactions. By using Bastion's services, organizations can enhance their digital capabilities without needing to develop complex solutions in-house. What sets Bastion apart from its competitors is its focus on compliance and its white-label approach, allowing businesses of all sizes to customize the platform to fit their needs. The goal of Bastion is to empower organizations to fully leverage digital interactions, both online and offline, in a rapidly changing digital environment.

New York City, New YorkHeadquarters
2023Year Founded
$24.3MTotal Funding
SEEDCompany Stage
Data & Analytics, Crypto & Web3Industries
11-50Employees

Benefits

Hybrid Work Options

Risks

Intensifying competition from web3 infrastructure providers threatens Bastion's market share.
Regulatory scrutiny on digital asset management may increase Bastion's compliance costs.
Rapid technological changes in blockchain require continuous innovation from Bastion.

Differentiation

Bastion offers a compliant, white-label platform for seamless web3 integration.
The platform includes custodial wallets, smart transaction routing, and data analytics.
Bastion serves diverse clients, from small businesses to large enterprises.

Upsides

Growing interest in white-label blockchain solutions boosts Bastion's market potential.
Rising demand for custodial wallets enhances Bastion's service appeal.
Enterprises increasingly adopt web3 technologies, benefiting Bastion's platform.

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