It’s rare that a new asset class is born. Nevertheless, we’re witnessing exactly that with the rise of crypto. Over just the last few years, since Bitwise was founded, crypto has evolved from an embryonic $50B market to a growing $3T+ juggernaut. At Bitwise, we believe that crypto has reached a turning point, and is headed north of $10T over the next few years.
This is an exciting moment for Bitwise as a firm. For eight years, we have established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, institutional staking, and hedge fund strategies. This year, we crossed $15B in client assets and are growing quickly. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. We are known for providing unparalleled client support through expert research and commentary, a nationwide client team of crypto specialists, and deep access to the crypto ecosystem.
Currently, Bitwise is a close-knit team of 100+ global professionals. Think of us as a mix of an asset manager and a tech start-up. We’re backed by some of the most accomplished investors in venture capital and veterans of the financial services world. We love working together, we love what we do, and we’re excited about what’s ahead.
About the Role
The Fund Compliance Manager will be a member of the firm’s Legal and Compliance team, and will be our second fully compliance-focused hire. This role will be the dedicated owner of the investment compliance function for Bitwise's expanding suite of funds (currently 33+ funds). This role requires a background in general compliance work for a registered investment adviser, deep familiarity with the Investment Company Act of 1940 as it applies to registered funds (including investment restrictions, diversification, leverage, and board oversight), and working knowledge of the Investment Advisers Act of 1940. In addition, this individual must have experience serving as a technical expert who translates legal mandates into actionable trading constraints. Finally, the role requires expertise in monitoring, testing, and professionalizing fund adherence to regulatory rules and investment mandates, ensuring scalable controls as the firm grows.
Primary Responsibilities:
- Fund Monitoring and Rule Coding:
- Analyze Prospectuses, SAIs, and other relevant documents to identify fund investment limits, and translate these fund and regulatory restrictions into precise compliance rules.
- Program and maintain the rule library within the firm’s Order Management System (OMS).
- Act as the primary point of contact for Fund Administrators to ensure external "shadow" compliance rules mirror internal legal interpretations.
- Own the daily monitoring, research, and resolution of compliance issues logs; review the fund administrator’s provided compliance summary matrix during fund launches; identify and resolve any coding mistakes.
- Routinely monitor all investment portfolios to ensure continuous compliance with mandates, including asset type restrictions, concentration limits, leverage controls, and issuer exposure limits.
- During the "launch phase" of new funds, review draft documents for "testability" ensuring the rules we promise clients can actually be monitored.
- Trade Oversight and Advisory
- Partner with the Head of Compliance and CCO, Portfolio Management team, Legal team and external partners, including sub-advisers, to provide guidance on both actual and “what-if” scenarios, complex allocation questions and daily trading decisions.
- Lead the investigation of potential violations. Determine if a breach is Active (trader error) or Passive (market movement), and coordinate with Head of Compliance regarding materiality assessments, potential board reporting, and required regulatory disclosures.
- Review and clear pre-trade "warnings" and post-trade "exceptions."
- Serve as the lead contact for internal and external audits regarding trade compliance and investment restrictions.
- Regulatory Compliance & Program Administration
- Assist in the administration of the firm’s compliance program under Rule 206(4)-7 of the Investment Advisers Act and applicable CFTC/NFA requirements.
- Support maintenance and updates of the firm’s compliance policies and procedures, code of ethics, and supervisory framework.
- Prepare materials for regulatory examinations and assist in coordinating responses to SEC and NFA inquiries.
- Assist with preparation and review of Form ADV, Form CPO-PQR, Form CTA-PR, and other regulatory filings.
Role Requirements:
- Five years of demonstrated history of expertise in regulatory compliance, with experience revising compliance policies and conducting rigorous compliance testing.
- Exceptional "soft skills" to navigate high-pressure conversations with portfolio managers, fund administrators and sub-advisers while maintaining the independence required of a Compliance role.
- Proven ability to manage legal and compliance operations projects end-to-end.
- Advanced experience implementing and validating compliance rules within OMS, PMS, or third-party monitoring systems (e.g., SS&C, Bloomberg CMGR, Aladdin, etc).
- Deep familiarity with the Investment Company Act of 1940, Investment Advisers Act of 1940.
- Bachelor’s degree in business, finance or other related field, or equivalent work experience.
- IACCP® (Investment Adviser Certified Compliance Professional) designation or comparable investment adviser compliance credential preferred; candidates who do not currently hold the certification must be willing to obtain it within 12–18 months of hire.
What We Offer:
- Compensation: $145,000-$185,000 + Equity
- Equity compensation as a component of all offers
- Health insurance, including dental and vision plans
- Health, Dependent Care and Commuter Flexible Spending Accounts
- Paid Parental Leave
- Life insurance; short- and long-term disability plans
- Company-funded 401(k) plan, no matching required
- Unlimited PTO
- 10 paid company-wide holidays
- Company-wide winter break for most roles
- Office spaces in San Francisco, New York, and London
- Meals and snacks provided in office
- Paid company cell phone or stipend
- Bitwise “Buddy” Program (30-day new-hire success program)
- Annual birthday and anniversary gifts
- Company-wide events including annual holiday party
- Internal Women of Bitwise (WOB) group with fun events
Our Values:
At Bitwise, we believe that our success is a direct reflection of the people who power it. Our work is guided by a core set of values that define how we collaborate, innovate, and serve our clients. We don’t just hire for skill; we hire for a shared commitment to the principles below.
Create 'a ha' moments
Move fast, with informed rationale
Ask "What would the client want?"
Show gratitude
Your Interview Process:
Our interview process ensures the best fit for both you and Bitwise, and we strive to make each step valuable, insightful, and efficient.
- Recruiter Interview
- Hiring Manager Interview
- Meeting the Team
- Work Sample
- Executive/Founders Interview
- References
- Offer!
Bitwise is an equal opportunity employer. We are committed to building a team of people with a variety of backgrounds, perspectives, and skills. It is the policy of Bitwise to ensure equal opportunity. All candidates are considered without regard to race, color, religion, national origin, age, sex, sexual orientation, gender identity, marital status, ancestry, physical or mental disability, veteran status, or any other legally protected characteristics.
Please note that we do not sponsor visas for persons without work authorization in the United States. This role is for full-time employees only (no B2B or contractors). Thank you!
