Finance Operations Lead, Bastion
Web3 intergration platform
Be an early applicant
Web3 intergration platform
1-20 employees
Be an early applicant
1-20 employees
Company mission
To enable the next generation of web3 interactions for businesses, that feel like web2.
Role
Who you are
- 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
- Proficient in financial reporting tools and database management
- Experience with workflow optimization and process improvement
- Exceptional problem-solving abilities with a methodical approach
What the job involves
- 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
- 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
Our take
There is a lot for businesses to consider nowadays, as the evolution of the internet and technology is often hard to keep up with. Founded in 2023, Bastion is very new to the scene and sets out to enable companies to seamlessly integrate web3 infrastructure into enterprise technologies. The white-label platform uses a cost effective product suite of tools (from custodial wallets to data analytics) for businesses to determine its on and off-chain products and further develop digital assets to better their consumers experience.
Founded by two a16z Crypto C-suiters the platform combines the simplicity of web2 with the capabilities of web3. The company acquired an impressive seed round of funding and the premise looks promising. It will be really exciting to see how Bastion takes on competitors in the market and set themselves apart.
Kirsty
Company Specialist at Welcome to the Jungle
Company
Funding (1 round)
Sep 2023
$25m
SEED
Total funding: $25m
Company benefits
- Flexible work schedules
- Unlimited paid vacation & holidays
- Comprehensive health coverage
- Life insurance
- Retirement benefits
- Paid parental leave
- Tax-advantaged accounts
- One Medical
- Spring Health
- and more!
Company HQ
Civic Center, New York, NY
Leadership
Nassim Eddequiouaq
(Co-founder)Previously worked in Security & Infrastructure, Blockchain at Facebook, and Chief Information Security Officer at Andreessen Horowitz.
Riyaz Faizullabhoy
(Co-founder)Worked in Security & Infrastructure, Blockchain at Facebook and was CTO of Crypto at Andreessen Horowitz.
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