Senior Manager, Clearing Operations

About the Role

As a key member of the operations team, the Senior Manager will work closely with various stakeholders, including Engineering, Risk, Legal, and Compliance, to resolve incidents, improve processes, and drive the development of clearing procedures and risk frameworks. The role also involves building and maintaining strong relationships with external partners, such as clearinghouses and FCM counterparties, to ensure timely resolution of clearing issues and foster strong institutional partnerships.

The Senior Manager will lead a high-performing clearing operations team, establishing key performance indicators (KPIs), service level agreements (SLAs), workflows, and succession plans that align with Coinbase's growth strategy. This includes partnering with Product and Engineering to ensure clearing infrastructure supports new product launches and emerging market structures.

What You Will Do

• Own day-to-day clearing, settlement, margining, and position reconciliation across CDE, including incident management and escalation with Engineering, Risk, Legal, Compliance, and external counterparties.
• Lead relationships with external clearinghouses, clearing members, FCM counterparties, and regulators, ensuring timely resolution of clearing issues and strong institutional partnerships.
• Drive the development and continuous improvement of clearing procedures, controls, and risk frameworks to meet CFTC regulatory standards across listed derivatives, options, and prediction markets.
• Partner with Product and Engineering to ensure clearing infrastructure supports new product launches, including emerging prediction market structures, through operational readiness testing and mock-day exercises.
• Build and scale a high-performing clearing operations team, establishing KPIs, SLAs, workflows, and succession plans that grow with Coinbase.
• Support regulatory filings, DCO/FCM governance requirements, and audit responses as Coinbase's subject matter expert in clearing operations.
• Utilize generative AI responsibly to drive measurable improvements in workflow efficiency, cost, and quality, maintaining human oversight to deliver business-ready outputs.
• Develop and maintain a deep understanding of the full trade lifecycle for CFTC-regulated derivatives, including clearing, settlement, margining, default management, position reconciliation, and delivery across listed futures, options on futures, and prediction markets.

What We Are Looking For

• 7+ years of experience in clearing operations at a CFTC-regulated exchange, clearinghouse, FCM, or comparable institution, with direct experience at a CFTC-registered DCO, DCM, or FCM in a clearing or post-trade capacity.
• Deep expertise in the full trade lifecycle for CFTC-regulated derivatives: clearing, settlement, margining, default management, position reconciliation, and delivery across listed futures, options on futures, and prediction markets.
• Proven experience managing relationships with industry clearinghouses and utilities (e.g., CME Clearing, ICE Clear U.S., OCC) and overseeing clearing member and FCM counterparty obligations.
• Track record of building and leading teams responsible for operationally critical functions, with demonstrated ability to establish scalable processes, controls, and risk frameworks.
• Strong working knowledge of CFTC regulations, DCO rulebook requirements, and FCM obligations, with experience contributing to regulatory filings and audit responses.
• Utilizes generative AI responsibly, maintaining human oversight to deliver business-ready outputs and drive measurable improvements in workflow efficiency, cost, and quality.

Nice to Have

• Experience with emerging technologies and their applications in financial markets, such as blockchain and distributed ledger technology.
• Familiarity with international regulatory frameworks and standards for clearing and settlement.
• Knowledge of risk management practices and strategies for mitigating operational risk in clearing operations.

Benefits and Perks

• Competitive salary and bonus structure.
• Equity participation in Coinbase.
• Comprehensive health insurance package.
• Flexible PTO and remote work arrangements.
• Professional development opportunities, including training and conference sponsorships.
• Access to the latest technologies and tools.
• Opportunity to work on cutting-edge projects in the cryptocurrency and blockchain space.
• Collaborative and dynamic work environment with a team of experienced professionals.

• Develop a deep understanding of CFTC regulations and their application to clearing operations to stand out in your application.
• Highlight your experience with relationship management, particularly with external clearinghouses and FCM counterparties, to demonstrate your ability to build and maintain strong partnerships.
• Prepare to discuss your approach to risk management and how you would implement effective controls and frameworks in a fast-paced environment.
• Showcase your ability to leverage technology, including generative AI, to improve workflow efficiency and quality, while maintaining human oversight.
• Be ready to provide specific examples of how you have contributed to regulatory filings and audit responses in previous roles.
• Demonstrate your knowledge of the full trade lifecycle for CFTC-regulated derivatives and how you would apply this expertise to drive the success of Coinbase's clearing operations.