Global Markets Accounting Lead

At Anchorage Digital, we are building the world’s most advanced digital asset platform for institutions to participate in crypto.   Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry's leading security infrastructure. Home to Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings.   The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.  With the evolving landscape of digital threats and an increasing volume of sophisticated attacks by malicious actors, we have a security policy mandating all new hires complete an in-person onboarding process - no exceptions. Security is our foundation and we prioritize physical identity verification and secure IT setup. While our security and IT logistics require physical presence to protect our infrastructure from sophisticated global threats, this move is equally about our Village culture. We believe that a laptop can be shipped, but our culture cannot.

The Global Markets Accounting Lead will play a pivotal role in shaping the future of our rapidly expanding prime services business. This individual will be responsible for overseeing all non-registered brokerage related accounting and reporting functions, ensuring compliance with all applicable standards, and leading the design, documentation, and implementation of policies, processes, and controls. This role will also be responsible for working cross functionally with legal, compliance, trading, and other teams within Anchorage.

The role

presents a unique and exciting opportunity to navigate the complexities of trading digital assets, derivatives and engaging in digital asset borrowing and lending.   We have created the Factors of Growth & Impact to help Villagers better measure impact and articulate coaching, feedback, and the rich and rewarding learning that happens while exploring, developing, and mastering the capabilities and contributions within and outside of the The Global Markets Accounting Lead role:

Technical Skills: Demonstrate expertise in US GAAP with a focus on ASC 606 and ASC 815 and associated regulatory accounting requirements, ensuring accurate application to revenue recognition and accounting for prime brokerage services. Resolve a wide range of issues in creative ways, suggesting different potential approaches and adapting to new circumstances rapidly. Established expertise in designing, implementing, and continuously improving daily and month-end prime brokerage accounting practices, ensuring full compliance with GAAP and industry best practices. Apply advanced skills in Google Sheets to efficiently and reliably work with large data sets. Proven ability to account for complex matrix organizational structures and intercompany transactions. Complexity and Impact of Work: Lead the accounting team through the intricacies of accounting related to digital asset, spot trading and non-registered OTC derivative prime brokerage activities and products, ensuring alignment with customer contracts as well as evolving regulatory and industry best practices. Drive the development of scalable and automated financial processes and controls, leveraging your technical expertise to design and implement internal end-to-end trading system reporting, as well as integration of external software tools, as needed. Perform and/or review month end accounting close responsibilities for brokerage related legal entities, including reviewing journal entries, account reconciliations, variance analysis, and FBO fiat and digital asset account reconciliations. Provide support for internal and external audits related to specific areas of responsibility. Create and maintain detailed documentation of core accounting and regulatory reporting processes. Identify opportunities for improvements and efficiencies. Organizational Knowledge: Cultivate effective cross-functional communication with the brokerage, legal, operations and technical accounting teams to ensure comprehensive documentation and understanding of transactions and their appropriate accounting treatment. Stay informed and socialize with the broader organization on industry pronouncements, emerging trends, and developments in accounting and reporting for digital assets, SEC regulations, and lending practices. Communication and Influence: Leverage accounting expertise to provide guidance and requirements to product, brokerage operations, legal and engineering teams in designing and implementing new products that meet financial reporting and compliance requirements. Assist with internal and external audits to ensure accuracy and timeliness of financial reporting. You may be a fit for this role if you have: 10+ years of related accounting experience, with a mix of Big 4 public accounting experience and/or in a fast paced startup/Fintech environment. Knowledge of blockchain technology and the crypto economy. Able to work well in a dynamic environment, implement process improvements, work autonomously and handle multiple tasks simultaneously. Experience accounting for or auditing digital assets, prime brokerage services, digital asset borrowing/ lending, and/or derivatives. Although not a requirement, bonus points if: You have knowledge of blockchain technology and the crypto economy. You have worked at or with investment advisors or institutional investment funds. You can write Python scripts, SQL queries or build data integrations into Google Sheets/Excel. You have SOX compliance experience. You are experienced working in Netsuite and G-suite. You have experience accounting for digital asset prime brokerage services. You were emotionally moved by the soundtrack to Hamilton, which chronicles the founding of a new financial system. :)