Head of AI Infrastructure Markets

Galaxy•New York, NY

2d•$260,000 - $290,000•Hybrid

About The Position

This role will establish a new business dedicated to the financialization of AI infrastructure. Market participants are accumulating large, correlated exposures across power and compute and lack adequate tools to manage them. This role designs the strategy and client solutions that meet those needs, and over time develops the principal risk-taking framework that extends the product suite. This is a broad mandate with significant scope to shape the direction of the business.

Requirements

8+ years building and running a markets business — trading, brokerage, structured products, or physical commodities — with a track record of taking a franchise from zero to scale and running risk or structuring transactions
Working knowledge of the AI compute ecosystem — data-center development, neoclouds, GPU economics, hyperscaler dynamics
Range across modes (trade, structure, lend, intermediate) rather than a single-product specialty
Deep fluency in a flow commodity defined by basis, term structure, and non-storability — power, freight, bandwidth/telecom, or a comparable market where non-fungibility and obsolescence shape how it trades
Demonstrated ability to price and manage risk in illiquid or nascent markets — comfort with basis risk, mark-to-model valuation, and proxy hedging
Credit and structured-lending judgment, including asset-backed and project-finance structures, with a sharp instinct for the difference between bankable contracted offtake and merchant price risk
Quantitative fluency, including the ability to build and interrogate pricing models in Python or a comparable language
Institutional-grade execution and a rigorous, skeptical, process-driven approach to risk

Nice To Haves

Power or energy trading background, including ISO/RTO mechanics, nodal/zonal pricing, and PPAs
Experience in or alongside an AI business, cloud provider, data-center operator, or large energy offtaker, with corresponding understanding of cost structures and procurement
Experience financing or operating capital-intensive physical infrastructure
Crypto-mining operations experience and the associated power and hardware economics
Prior experience launching a new derivatives product, or contributing to the design or governance of a market index or benchmark
Entrepreneurial and comfortable operating amid ambiguity, with a clear preference for building over administering an established function
Creative — many of the relevant instruments do not yet exist and will need to be conceived and brought to market by the desk
Driven and commercially focused, with a clear ownership mentality appropriate to a role of this scope

Responsibilities

Develop and own the strategy for Galaxy's entry into AI infrastructure markets — define where Galaxy will engage across the range of modes (brokerage, dealing, market-making, structured lending) and how to sequence products so the business earns flow, relationships, and market data ahead of financialization
Originate transactions and build the counterparty network across AI labs, neoclouds, hyperscalers, data-center and power developers, utilities and IPPs, crypto-mining operators, and financial counterparties, developing the proprietary market intelligence that any downstream product depends on
Design and structure bespoke instruments — forwards, swaps, options, and take-or-pay and capacity-reservation structures — that let clients hedge cost exposure or monetize idle capacity across the AI infrastructure stack, spanning power and electricity, compute and GPU capacity, and inference and token cost
Develop pricing and risk frameworks for instruments with limited or no existing liquidity, including mark-to-model valuation, basis decomposition, and proxy and cross-hedging methodologies
Build a credit and structured-lending capability where it fits the opportunity — underwriting GPU fleets and data-center deployments against the quality and durability of their contracted cash flows
Source liquidity, build exchange and OTC connectivity, and stand up the desk's operational and control infrastructure with legal, credit, and quantitative teams — risk limits, documentation, collateral arrangements, and booking processes — and, as the business matures, design and implement the principal risk-taking framework that integrates proprietary positioning into the client suite
Build and lead the team across origination, trading, structuring, and credit; represent Galaxy with exchanges, benchmark and index providers, counterparties, and partners

Benefits

Competitive base salary and discretionary bonus
Hybrid/Flexible Working Arrangements
Flexible Time Off (paid)
3% 401(k) company contribution
Company-paid health and protective benefits for employees, partners, and other dependents
Generous paid Parental Leave
Competitive family planning benefits for US employees
Opportunities to learn about the Crypto industry
Smart, entrepreneurial, and fun colleagues
Free daily snacks and weekly breakfasts/lunches
Employee Resource Groups
Free coaching and counseling sessions through Headspace