Head of Client Assets

Coinbase • Remote; Luxembourg

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Coinbase

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Job description

Ready to be pushed beyond what you think you’re capable of?

At Coinbase, our mission is to increase economic freedom in the world. It’s a massive, ambitious opportunity that demands the best of us, every day, as we build the emerging onchain platform — and with it, the future global financial system.

To achieve our mission, we’re seeking a very specific candidate. We want someone who is passionate about our mission and who believes in the power of crypto and blockchain technology to update the financial system. We want someone who is eager to leave their mark on the world, who relishes the pressure and privilege of working with high caliber colleagues, and who actively seeks feedback to keep leveling up. We want someone who will run towards, not away from, solving the company’s hardest problems.

Our work culture is intense and isn’t for everyone. But if you want to build the future alongside others who excel in their disciplines and expect the same from you, there’s no better place to be.

While many roles at Coinbase are remote-first, we are not remote-only. In-person participation is required throughout the year. Team and company-wide offsites are held multiple times annually to foster collaboration, connection, and alignment. Attendance is expected and fully supported.

The Head of Client Assets will be responsible for the safeguarding and segregation of client assets in compliance with regulatory requirements. In this role, you will be responsible for ensuring the proper safekeeping of assets, overseeing daily safeguarding operations and reconciliations, and managing CSSF reporting obligations. You will play a key role in audits, preparing management information for the Audit, Risk, and Compliance Committee, and delivering training on safeguarding protocols.

What you’ll be doing (ie. job duties):

Monitor and ensure that Coinbase Luxembourg's client assets in the omnibus vault are properly segregated from firm-owned assets and reflected in appropriately as safeguarded accounts on separate wallet and blockchain addresses
Ensure accurate record maintenance and reconciliation of Coinbase Luxembourg's local entity ledger with comprehensive register of positions for each individual clients including all crypto asset movements and transactions
Monitor, oversee, and implement appropriate management controls are in place for corporate collateral held in Coinbase Luxembourg client omnibus vaults to ensure full value of client assets maintained at all times in the local vaults
Monitor, oversee, and implement appropriate management controls are in place for segregated vaults for prime institutional clients' assets for custodial and staking purposes
Oversee coordination with Coinbase Inc wallet team to ensure appropriate credit supported crypto deposits by clients into their Coinbase Luxembourg account to the correct user account
Monitor and oversee retail order management processes including execution monitoring and support
Monitor the proper maintaining of records of all client asset positions, ownership rights, and safekeeping by third parties for regulatory mandated periods
Manage transfer and venue kill switches for prime institutional clients
On-going management of the CB Lux Client Asset Safeguarding Organisational arrangements documentation, including ensuring all policies and procedures are in place and effective at all times
Development, implementation and on-going oversight of Safeguarding Control Framework
Maintain CB Lux client asset incident log, and act as the Direct Responsible Individual for escalation and reporting of safeguarding incidents internally and externally (ie regulatory reporting)
Preparation of client asset regulatory reporting
Leading periodic internal and external audit examinations of legal entity client asset arrangements (if external audits are required in Lux (they are mandatory annually for trade Client Asset firms under MIFIDII)

What we look for in you (ie. job requirements):

Bachelor’s degree in Finance, Accounting, or a related field from an accredited institution
5+ years of experience in finance, treasury, accounting, or operations, preferably with a proven experience in a similar role within an Electronic Money Institution, Payment Institution, or regulated financial services firm
Strong knowledge of regulatory frameworks, including Luxembourg’s financial regulations, PSRs, EMRs, AML/CFT legislation, and EU directives on digital assets and data protection.
Ability to work collaboratively with a broad range of business functions, with an emphasis on senior management.
Demonstrated ability to generate and execute strategies across a global organisation.
Excellent problem-solving skills, with the ability to implement practical and efficient solutions
Fluency in English is essential; French is a plus
Must be based in Luxembourg

Nice to haves:

Enthusiasm for and a basic understanding of digital currencies/blockchain

Job #: P59238

Please be advised that each candidate may submit a maximum of four applications within any 30-day period. We encourage you to carefully evaluate how your skills and interests align with Coinbase's roles before applying.

Commitment to Equal Opportunity

Coinbase is committed to diversity in its workforce and is proud to be an Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, creed, gender, national origin, age, disability, veteran status, sex, gender expression or identity, sexual orientation or any other basis protected by applicable law. Coinbase will also consider for employment qualified applicants with criminal histories in a manner consistent with applicable federal, state and local law. For US applicants, you may view the Know Your Rights notice here. Additionally, Coinbase participates in the E-Verify program in certain locations, as required by law.

Coinbase is also committed to providing reasonable accommodations to individuals with disabilities. If you need a reasonable accommodation because of a disability for any part of the employment process, please contact us at accommodations[at]coinbase.com to let us know the nature of your request and your contact information. For quick access to screen reading technology compatible with this site click here to download a free compatible screen reader (free step by step tutorial can be found here).

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