Treasurer, Paxos
$155-182.4k
+ Equity and bonuses based on both your individual performance and company performance.
Blockchain infrastructure for financial services
Job no longer available
Blockchain infrastructure for financial services
201-500 employees
Job no longer available
$155-182.4k
+ Equity and bonuses based on both your individual performance and company performance.
201-500 employees
Company mission
To enable the movement of any asset, at any time, in a trustworthy way.
Role
Who you are
- The ideal candidate is a strategic and analytical finance professional with deep treasury expertise, experience in the digital asset ecosystem, and the ability to lead complex financial initiatives in a fast-moving, high-growth environment
- Bachelor’s degree in Finance, Accounting, Business Administration, or a related field; a Master’s degree or relevant certification (e.g., CTP, CFA) is preferred
- 7+ years of experience in treasury management, with a significant portion in the fintech or digital assets industry
- Proven expertise in liquidity management, investment strategies, and risk management, particularly concerning digital assets
- Strong analytical and problem-solving skills, with proficiency in financial modeling and forecasting
- Excellent communication and interpersonal skills, with the ability to collaborate effectively across departments and with external partners
- Demonstrated ability to thrive in a fast-paced, dynamic environment and manage multiple priorities simultaneously
What the job involves
- The Treasury and Portfolio Management team is primarily responsible for the management and oversight of Paxos’ corporate and customer assets
- Our team resides within the broader finance organization at Paxos and directly interacts with cross-function teams in product, operations, legal, compliance, risk and growth to enable product growth and optimize the corporate balance sheet
- We work closely with our prudential regulators globally to ensure compliance with their respective stablecoin issuance framework. Our team sits squarely at the center of the most critical and exciting initiatives at Paxos
- As a Treasurer at Paxos, you will design and implement treasury policies, manage banking and financial partner relationships, and oversee treasury controls
- You will be responsible for optimizing our capital structure, ensuring compliance with regulatory frameworks, and safeguarding corporate and customer funds
- Liquidity and Cash Management: Oversee daily cash operations, including cash flow optimization, liquidity forecasting, and payment processing, ensuring sufficient liquidity for operational needs
- Investment Management: Develop and implement investment strategies for both fiat and digital assets, aligning with the company's risk tolerance and investment guidelines
- Risk Management: Establish and maintain a comprehensive risk management framework to identify, assess, and mitigate financial risks, including those associated with digital assets and market volatility
- Banking and Financial Relationships: Manage relationships with banks, payment service providers, and cryptocurrency exchanges to support both fiat and crypto treasury operations
- Financial Reporting and Compliance: Ensure all treasury activities comply with legal, regulatory, and internal policy requirements. Prepare and present regular reports on cash positions, liquidity forecasts, and investment performance to senior management
Our take
Paxos is aiming to revolutionize blockchain by developing its selection of regulation-compliant infrastructure services for companies looking to add features like crypto brokerages or branded stablecoins to their customer offerings.
Its focus on regulatory compliance across different territories, and its status as one of only three national trusts born in the crypto ecosystem, gives it an edge in building a unique and global network of enterprise customers.
Cryptocurrency remains a risky sector, so a company at the forefront of crypto regulation is proving highly attractive to a growing sector of enterprises tentatively dipping their toes in. It is pushing ahead of competitors as one of the largest crypto/blockchain startups with a valuation of over $2 billion and a current funding total of over $500 million.
Its growth has been backed up by material results, too. It has established relationships with firms like Bank of America, Credit Suisse, and Mastercard, and PayPal leverages Paxos on its backend to enable its users to buy, sell, and hold cryptocurrencies. This proven success with an expanding roster of big-name clients and collaborators like MakerDao will likely see it command a dominant market share in the years ahead.
Steph
Company Specialist at Welcome to the Jungle
Insights
10% employee growth in 12 months
Company
Funding (last 2 of 5 rounds)
Apr 2021
$300m
SERIES D
Dec 2020
$142m
SERIES C
Total funding: $535.3m
Company HQ
Midtown East, New York, NY
Leadership
Charles Cascarilla
(CEO)Previous Co-founder and Partner at Cedar Hill Capital Partners for 10 years. Current Partner at Liberty City Ventures and Founding Board Member of the Association for Digital Asset Markets, alongside working at Paxos.
Rich Teo
(CEO Asia)Previous Financial Analyst at Citi for 2 years before becoming a Principal / Senior Analyst at Cedar Hill Capital Partners. Has served as CEO of Asia at Paxos for 7 years.
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