Senior Manager, Clearing Operations

About the role

In this role, you will lead the clearing, settlement, and reconciliation processes for Coinbase's Derivatives Exchange. You will be responsible for managing relationships with external clearinghouses and regulators, ensuring compliance with CFTC standards.

You will also focus on building a high-performing operations team, developing effective procedures, and collaborating with Product and Engineering to support new product launches. Success in this position involves driving operational excellence and maintaining strong institutional partnerships.

The salary range for this position is between $112,000 and $188,000, depending on location.

Who this role suits

• Candidates should have a strong background in clearing operations within regulated environments.
• A collaborative mindset is essential for managing relationships with various stakeholders.
• The ideal person thrives in a fast-paced environment and is driven to achieve high standards.
• Experience in leading teams and implementing scalable processes will be crucial for success.

From the employer

• Own day-to-day clearing, settlement, margining, and position reconciliation across CDE, including incident management and escalation with Engineering, Risk, Legal, Compliance, and external counterparties.
• Lead relationships with external clearinghouses, clearing members, FCM counterparties, and regulators, ensuring timely resolution of clearing issues and strong institutional partnerships.
• Drive the development and continuous improvement of clearing procedures, controls, and risk frameworks to meet CFTC regulatory standards across listed derivatives, options, and prediction markets.
• Partner with Product and Engineering to ensure clearing infrastructure supports new product launches, including emerging prediction market structures, through operational readiness testing and mock-day exercises.
• Build and scale a high-performing clearing operations team, establishing KPIs, SLAs, workflows, and succession plans that grow with Coinbase.
• Support regulatory filings, DCO/FCM governance requirements, and audit responses as Coinbase's subject matter expert in clearing operations.

• 7+ years of experience in clearing operations at a CFTC-regulated exchange, clearinghouse, FCM, or comparable institution, with direct experience at a CFTC-registered DCO, DCM, or FCM in a clearing or post-trade capacity.
• Deep expertise in the full trade lifecycle for CFTC-regulated derivatives: clearing, settlement, margining, default management, position reconciliation, and delivery across listed futures, options on futures, and prediction markets.
• Proven experience managing relationships with industry clearinghouses and utilities (e.g., CME Clearing, ICE Clear U.S., OCC) and overseeing clearing member and FCM counterparty obligations.
• Track record of building and leading teams responsible for operationally critical functions, with demonstrated ability to establish scalable processes, controls, and risk frameworks.
• Strong working knowledge of CFTC regulations, DCO rulebook requirements, and FCM obligations, with experience contributing to regulatory filings and audit responses.
• Utilizes generative AI responsibly, maintaining human oversight to deliver business-ready outputs and drive measurable improvements in workflow efficiency, cost, and quality.

• Base salary varies by location, with an annual range of $227,630 — $267,800 USD.
• Total compensation may also include equity and bonus eligibility, and benefits (medical, dental, vision, 401(k)).
• Coinbase is committed to providing reasonable accommodations to individuals with disabilities.