Associate - Custody Operations

CoinDCX; Bengaluru; On-site; INR 800,000 - 1,200,000; Full time

Job summary

CoinDCX in Bengaluru is seeking an analytical professional for the Custody Operations role. This position focuses on managing digital asset custody and settlement processes, ensuring operational excellence. Candidates should have 2-5 years of experience in finance or operations, with strong analytical skills and proficiency in Excel. Additional preferred skills include familiarity with cryptocurrency operations and experience with SQL or Python. A proactive approach to risk management is essential.

Qualifications

• 2-5 years of experience in operations, finance, or treasury.
• Strong understanding of financial markets and trading operations.
• Experience with liquidity management and reconciliation processes.

Responsibilities

• Execute daily fund transfers and reconcile custody positions.
• Develop liquidity forecasting models and track real-time positions.
• Collaborate with cross-functional teams for operational insights.

Skills

Analytical capabilities

Numerical aptitude

Proficiency in Excel

Operational precision

Risk identification

Tools

SQL

Python

Job description

The CoinDCX Journey: Building the Future of Finance

At CoinDCX, our mission is to make crypto and blockchain accessible to every Indian by building secure, scalable, and high-performance financial systems. As our Markets business scales in volume, complexity, and transaction throughput, the integrity of digital asset custody, settlement accuracy, and liquidity availability become mission-critical. Every fund transfer, reconciliation, and liquidity decision directly impacts our ability to serve clients and maintain trust in the ecosystem.

This role sits at the heart of our Custody Operations function, ensuring that our digital asset infrastructure runs with precision, transparency, and zero tolerance for operational failures.

About The Role

We are seeking a detail-oriented and analytical professional to join our Custody Operations team. You will be responsible for the management of digital asset custody, settlement processes, and liquidity management across third-party exchanges and custody platforms. This role is critical to maintaining operational excellence across:

• Exposure settlement and fund transfer execution
• Liquidity planning and real-time position monitoring
• Proactive risk identification and operational controls

You will work closely with Trade Operations, OTC Desk, Finance, Analytics, Product, and Engineering teams to ensure our custody infrastructure is reliable, auditable, and continuously improving.

Why This Role Exists

As CoinDCX's trading volumes grow and our exchange relationships multiply, the complexity of managing multi-exchange custody positions demands a dedicated operational layer. There is a critical need for someone who can:

• Ensure zero settlement failures through disciplined fund transfer and reconciliation discipline
• Maintain optimal liquidity buffers to support continuous and uninterrupted exchange operations
• Proactively identify and flag risks before they become operational incidents
• Build robust controls and documentation that scale with the business

This role ensures the Custody Operations function runs with the precision, accountability, and resilience that the future of digital asset finance demands.

What You'll Do

Custody & Settlement Management

• Execute daily fund transfers to maintain optimal balances across exchange wallets
• Ensure timely reconciliation of custody positions and settlement activities, conduct RCAs of identified gaps
• Manage end-to-end exposure calculations and settlement for spot trades executed on third-party exchanges
• Monitor and maintain adequate liquidity buffers to support continuous exchange operations

Liquidity Planning & Monitoring

• Develop and implement liquidity forecasting models based on trading patterns and operational needs
• Proactively plan fund allocation across multiple exchanges to optimise capital efficiency
• Track real-time liquidity positions and execute rebalancing activities as needed

Risk Management & Controls

• Flag anomalies, threshold breaches, or liquidity shortfalls to relevant stakeholders
• Implement and maintain operational controls for custody-related processes
• Monitor wallet health, transaction success rates, and settlement exceptions
• Conduct regular checks of custody records and maintain comprehensive documentation

Cross-Functional Collaboration

• Collaborate closely with Trade Operations, OTC Desk, Finance, Analytics, Product, and Engineering teams
• Provide operational insights to support product development and system improvements
• Work with the Analytics team to develop dashboards and reporting for custody metrics
• Coordinate with Engineering on system integrations and automation initiatives

You’ll Excel in This Role If You Have

Core Requirements

• 2–5 years of experience in operations, finance, treasury, or related functions
• Strong understanding of financial markets, trading operations, or treasury management
• Experience with reconciliation, settlement processes, and liquidity management
• Excellent numerical aptitude and analytical capabilities
• Proficiency in Excel / Google Sheets (advanced formulas, pivot tables, data analysis)
• Ability to work comfortably with data, reports, and operational dashboards
• Proven track record of taking ownership and driving tasks to completion

Preferred

• Prior experience in cryptocurrency / digital asset operations or exchanges
• Familiarity with blockchain technology, wallet management, and crypto settlement processes
• Background in fintech, trading firms, or payment operations
• Experience with SQL, Python, or other data analysis tools
• Understanding of risk management frameworks and operational controls

What You’ll Bring

• Operational Precision & Settlement Discipline
• Liquidity Management & Forecasting
• Risk Identification & Controls Implementation
• Cross-Functional Stakeholder Collaboration
• Data Analysis, Reporting & Dashboard Management

You’ll Know You're Winning When

• 100% of daily fund transfers, exposure settlements are executed on time with zero settlement failures
• Liquidity buffers are consistently maintained across all exchanges with no operational disruptions
• All custody positions are reconciled and documented with RCAs on identified gap on a daily basis
• Risk flags and threshold breaches are identified and escalated proactively — before they escape into incidents
• Dashboards and reports provide real-time visibility into custody health and liquidity positions
• Cross-functional partners rely on Custody Ops as a trusted, proactive operational layer

What Success Looks Like

• A fully operational and documented custody framework with zero settlement backlogs and complete reconciliation coverage
• A proactive risk and liquidity monitoring system that prevents operational incidents before they occur
• Strong cross-functional relationships where Custody Ops is seen as a reliable and insight-driven partner across the business

Work Location

Bengaluru