Chief Operating Officer

About This Role

This Chief Operating Officer role is responsible for the daily operational management of BloFin's Exchange Services business. This includes platform, trading, and client service operations, vendor coordination, operational resilience, settlement coordination, process controls, and incident management. The role also involves implementing Board- and CEO-approved policies and may act as a Responsible Individual if approved by VARA.

Responsibilities

• Oversee day-to-day operational execution of BloFin
• Ensure operational procedures are documented, implemented, tested, and followed
• Manage operational readiness for client onboarding, account activation, trading access, order execution, settlement coordination, withdrawals, support, complaints, and incident handling
• Ensure operational activities remain within BloFin
• Oversee the operational functioning of the spot trading venue
• Coordinate with the CTO and technology teams on matching engine performance, platform uptime, API availability, latency, capacity, trading system resilience, and operational incident response
• Ensure trading operations support fair, orderly, and transparent market activity
• Implement operational procedures for order handling, erroneous orders, trading interruptions, suspensions, client restrictions, and participant conduct enforcement
• Ensure Exchange Services operational controls align with VARA requirements on trading venue rules, market surveillance, trading system continuity, and settlement
• Oversee operational coordination with the appointed VARA-licensed custodian
• Ensure deposit confirmations, withdrawal-status updates, custody balance reports, reconciliation files, and transaction references are obtained and processed appropriately
• Ensure approved withdrawal instructions are transmitted to the custodian only after BloFin
• Ensure BloFin does not operate Client VA wallets, control client private keys, or execute client asset transfers directly
• Coordinate operational escalation for delayed custodian confirmations, rejected withdrawals, reconciliation breaks, and client-impacting custody issues
• Oversee client support, operational helpdesk, complaints intake, escalation workflows, and service-level performance
• Ensure Retail Clients and Qualified Investors receive appropriate operational support, platform guidance, and issue resolution
• Ensure support teams are trained on client communications, custody disclosures, withdrawal processes, escalation routes, and regulatory restrictions
• Ensure complaints and disputes are escalated to Compliance where required
• Coordinate day-to-day operational performance of key vendors and service providers
• Monitor operational SLAs, service interruptions, incident notifications, escalation channels, and remediation actions
• Support the Head of Risk and Compliance Officer in vendor reviews, outsourcing register updates, and operational due diligence
• Maintain operational incident response procedures and ensure incidents are escalated promptly
• Coordinate BCP/DR testing with the CTO, CISO, Risk Officer, Compliance Officer, and external service providers
• Ensure operational continuity arrangements cover trading interruptions, technology outages, custodian disruptions, vendor failures, cybersecurity events, and client support disruptions
• Support regulatory reporting and client communications during material operational incidents
• Maintain operational SOPs for onboarding handoffs, client account activation, trading operations, settlement coordination, withdrawals, support, complaints, vendor coordination, and incident response
• Ensure operational duties are segregated to reduce conflicts, errors, and abuse
• Ensure operational staff receive training and understand their regulatory responsibilities
• Implement corrective actions arising from internal audits, compliance monitoring, risk reviews, VARA feedback, and incident post-mortems
• Provide operational reports to the CEO, Board, Risk Committee, Compliance Committee, and Technology Committee
• Report KPIs and KRIs, including platform uptime, incident volumes, withdrawal processing, reconciliation exceptions, client complaints, vendor SLA performance, and operational risk events
• Support Board and Senior Management review of operational performance

Requirements

• Bachelor
• Professional certifications in operations, risk, project management, technology governance, or financial markets preferred, such as PMP, ITIL, COBIT, Six Sigma, or equivalent
• Strong understanding of exchange operations, virtual assets, client onboarding, trading venue operations, settlement coordination, custody integration, market conduct, and operational risk
• Minimum 8–10 years
• Experience managing trading operations, client operations, vendor coordination, incident management, and operational resilience
• Experience operating in a regulated environment and working with compliance, risk, audit, and regulators
• Experience with digital platforms, APIs, blockchain analytics, custody providers, and technology vendors preferred
• Strong operational leadership and execution discipline
• Ability to manage complex cross-functional workflows
• Strong understanding of exchange operations, settlement, reconciliation, custody coordination, and client support
• Ability to respond effectively to operational incidents and regulatory escalations
• Strong vendor management and SLA oversight capability
• Strong documentation, governance reporting, and policy implementation skills
• High integrity, accountability, and Fit and Proper suitability

Important Details

• Reporting line: The COO reports to the CEO and provides operational reporting to the Board, Risk Committee, Compliance Committee, and other governance committees as required

About the Company

BloFin is an Exchange Services business.