Chief Operating Officer

Intercontinental Exchange Holdings, Inc.•Chicago, IL

4d•$230,000 - $330,000•Onsite

About The Position

ICE Clear U.S. (ICUS) is a CFTC-registered Derivatives Clearing Organization (DCO) providing clearing services for futures and options on agricultural, equity and digital asset (crypto) products. As a regulated DCO, the COO is responsible for ensuring the clearinghouse operates safely and soundly, in compliance with CFTC core principles, and maintains the operational resilience and governance standards expected of systemically important market infrastructure. ICE Digital Trust (IDTC) is a New York State chartered limited purpose trust company providing institutional grade custody services for digital assets. The business is at an early growth stage, with significant opportunity to build out its customer base and service offering. As a qualified custodian regulated by the NYDFS, the COO is responsible for the day-to-day operations of IDTC, including custody operations and the controls needed to meet NYDFS and client requirements. This is a unique opportunity for the successful candidate to play a role at the intersection of traditional clearing and the introduction of blockchain technology into mainstream finance, including ICUS' move towards 24/7 clearing for crypto based products and the expansion of collateral management using digital rails.

Requirements

Bachelor's degree required
15+ years of experience in financial market infrastructure operations, with significant time in clearing, exchange, custody, banking or a related regulatory environment
Experience overseeing operations in a regulated clearing house, or qualified custodian preferred
Working knowledge of CFTC clearing house regulations and/or NYDFS trust company and virtual currency business requirements
Familiarity with digital asset custody, private key management and blockchain infrastructure preferred
Strong track record in operational resilience and business continuity planning
Excellent leadership, project management and stakeholder management skills
Excellent verbal and written communication skills

Responsibilities

Ensure that day-to-day operational issues relating to the activities of ICUS are managed and addressed
Regular engagement with clearing members, acting as an escalation point for operational issues
Liaise with Operations, Risk, Treasury and System Operations on clearing operations matters
Work with colleagues at ICE exchanges on new product launches
Prioritize development items for ICUS, working across development, quality assurance and project management teams to ensure timely, high-quality delivery
Responsible for the ICUS clearing analyst team and requirements for new features
Ensure ICUS maintains and continues to develop high levels of operational resilience
Manage internal audit follow-up and planning for clearing operations
Manage business continuity planning across clearing operations
Represent ICUS on relevant ICE boards and both internal and external committees as required
Support the development and execution of ICUS's corporate strategy
External engagement with IDTC's customer base and target customers, building and maintaining strong institutional relationships
Work closely with Business Development on onboarding new customers and expanding custodian services
Be responsible for the day-to-day operational aspects of IDTC's digital asset custody business, including custody operations, transaction review and key management processes
Ensure IDTC's operational procedures are maintained and continuously improved
Liaise with the NYDFS on custody operations matters
Identify opportunities to increase operational efficiency and reduce operational risk across custody operations
Support the development and execution of IDTC's corporate strategy