Equiti Group

Lead Product Manager, Crypto Operations

Dubai, UAEPosted 4 days ago

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Salary
AED 25k–40k a month· Michael Page
Job type
Full time
Level
Lead
Field
Product Management
Work mode
On site

About the role

Equiti is a pioneering fintech firm and world-class provider of multi-asset fintech products - from liquidity solutions to in-house tech hubs to online trading platforms. With over 400 global specialists in 9 languages, Equiti provides clients with access to individual, professional, and institutional brokerage services in Europe, the Middle East, and Africa. At Equiti, we believe that financial opportunities can unlock potential for everyone, everywhere. We’re on a mission to deliver accessible online trading products around the world through education and accessibility. Think finance is stuffy? Think again. We see Equiti as a new breed of broker, and we are on the lookout for talented individuals who can perform and excel in a dynamic and innovative working environment. Our Product department would like to welcome a detail-oriented Lead Product Manager, Crypto Operations in our office in Dubai. Responsibilities Custody and wallets • Operate the Fireblocks vault topology: per-client deposit addresses, hot withdrawal vault, warm vault under TAP quorum, cold vault, separate firm vault • Act as an approver in the transaction authorisation policy; maintain the approver list and quorum rules • Run daily balance checks per vault and per chain; set and review hot wallet limits • Own the key management and signer onboarding procedure with Engineering and Risk Deposits and withdrawals • Monitor inbound deposits and omnibus sweeps; resolve unconfirmed, wrong-chain and dust transactions • Review withdrawals above the automated limit; release or hold per policy • Maintain the address whitelist and the supported chain list per asset Settlement and liquidity • Settle daily with each LP; track margin, pre-funding and collateral across the LP panel • Manage the USDT and fiat float used to bridge LP sells; flag shortfalls to Treasury • Monitor fill quality and LP uptime; feed issues to Product and the EMS vendor OTC and large trades • Run the OTC desk process for orders above the automated size limit: request quotes from the LP panel, confirm the fill, book the trade on a riskless principal basis • Settle OTC trades with the client and the LP; confirm delivery versus payment before release • Keep the OTC trade blotter, exceptions log and daily P&L reconciliation with Finance • Monitor open exposure between client fill and LP fill against the auto-hedge threshold; escalate breaches to Risk • Handle institutional client onboarding handover from Compliance to live trading: settlement instructions, wallet whitelisting, limits Treasury and inventory • Rebalance between hot, warm and cold vaults against the set limits; move funds under TAP approval • Top up LP accounts and the hot withdrawal wallet before they hit minimum levels • Convert fiat to crypto and crypto to fiat to keep house inventory and float within targets, through the LP panel or the bank • Keep a daily inventory position per asset and per venue; report breaches of inventory or exposure limits to Risk • Forecast funding needs from expected deposits, withdrawals and trading volume Reconciliation and client money • Run the daily three-way reconciliation: client ledger, Fireblocks balances, LP statements • Log every break, own it to closure, report unresolved breaks past 24 hours • Evidence client asset segregation for Finance and for VARA Financial crime operations • First-line handling of Chainalysis alerts and Notabene travel-rule requests • Escalate to Compliance per the monitoring procedure; keep the case log • Build and run the KYT analyst team once volumes require it Incidents and continuity • Write and maintain incident runbooks: chain halt, depeg, LP outage, custody provider outage, suspicious outflow • Run the on-call rota and post-incident reviews • Keep the wind-down plan and disaster recovery steps (Station70 Bunker) current and tested Vendors and regulator • Hold weekly operational reviews with Fireblocks, Chainalysis, Notabene and LPs • Produce operational records and periodic returns required under the VARA licence • Support audits and regulator requests with logs and evidence Experience Requirements • 4+ years in operations at a licensed crypto exchange, broker or custodian • Hands-on experience running an institutional custody platform (Fireblocks, BitGo, Copper or equivalent), including transaction policies and approvals • Experience working with LPs on settlement, pre-funding and margin • Daily reconciliation and settlement experience across on-chain balances, LP accounts and fiat • Working knowledge of blockchain analytics and travel-rule tools (Chainalysis, Elliptic, Notabene) • Experience operating under a regulator with records, returns and audit requests (VARA, ADGM, FCA, MAS or similar) • Understanding of the main chains at launch and how they work • Has written and run incident runbooks • OTC or block trade execution and settlement experience on an institutional or prime desk Nice to have • Was part of a crypto launch from pre-licence to go-live • VARA experience or UAE regulatory exposure • Built or managed a KYT or ops team • SQL and comfort reading logs and dashboards Perks Each of our offices has its special perks; be it ‘no ties’, free lunches, charity events, or a hybrid work policy – but whenever you walk into an Equiti office, you’re sure to see a friendly face. We encourage international collaborations and always keep our eyes open to how we can do more. The benefits you can expect at your Equiti workplace include: • Competitive salary package • Performance-based bonus • Medical insurance coverage for employees and family members • Smart working options • Employee wellness initiatives • Personalized career development • Company lunch in the office • Regular company events With energy, drive, and imagination, there’s no limit to where your career can go at Equiti. With a diverse workforce and geographical spread of offices, we strongly support career development initiatives as well as provide a range of opportunities for professional and life experiences. Equiti is an equal opportunity employer. “Equiti” refers to a group of companies consisting of seven regulated financial services companies licensed to operate in the respective jurisdictions of their incorporation, in addition to our tech and marketing hubs. Equiti has presence in Africa, Europe, and the Middle East.

Requirements

4+ years in operations at a licensed crypto exchange, broker or custodian; Hands-on experience running an institutional custody platform (Fireblocks, BitGo, Copper or equivalent), including transaction policies and approvals; Experience working with LPs on settlement, pre-funding and margin; Daily reconciliation and settlement experience across on-chain balances, LP accounts and fiat; Working knowledge of blockchain analytics and travel-rule tools (Chainalysis, Elliptic, Notabene); Experience operating under a regulator with records, returns and audit requests (VARA, ADGM, FCA, MAS or similar); Understanding of the main chains at launch and how they work; Has written and run incident runbooks; OTC or block trade execution and settlement experience on an institutional or prime desk

Responsibilities

Custody and wallets: Operate the Fireblocks vault topology; act as an approver in the transaction authorisation policy; run daily balance checks per vault and per chain; own the key management and signer onboarding procedure. Deposits and withdrawals: Monitor inbound deposits and omnibus sweeps; review withdrawals above the automated limit; maintain the address whitelist and the supported chain list per asset. Settlement and liquidity: Settle daily with each LP; track margin, pre-funding and collateral across the LP panel; manage the USDT and fiat float; monitor fill quality and LP uptime. OTC and large trades: Run the OTC desk process for orders above the automated size limit; settle OTC trades with client and LP; maintain blotter and P&L reconciliation; monitor open exposure and escalate breaches; handle institutional client onboarding handover from Compliance. Treasury and inventory: Rebalance vaults; top up LP accounts and hot withdrawal wallet; convert fiat to crypto and vice versa; report breaches; forecast funding needs. Reconciliation and client money: Run daily three-way reconciliation; log breaks and close them; evidence client asset segregation. Financial crime operations: First-line handling of Chainalysis alerts and travel-rule requests; escalate to Compliance; build and run KYT analyst team. Incidents and continuity: Write and maintain incident runbooks; run on-call rota; keep wind-down and disaster recovery plans current. Vendors and regulator: Hold weekly operational reviews; produce regulatory returns; support audits with logs and evidence.

Skills

  • Fireblocks
  • BitGo
  • Copper
  • Chainalysis
  • Notabene
  • Elliptic
  • VARA
  • ADGM
  • FCA
  • MAS
  • OTC desk
  • LP settlement
  • on-chain balances
  • fiat settlement
  • three-way reconciliation
  • incident runbooks

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AED 25k–40k a month· Michael Page

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