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Product Principal

Copper

Copper

Product
London, UK
Posted on Thursday, August 22, 2024
Copper is a digital asset technology company dedicated to helping institutional investors safely acquire, trade, and store crypto assets.

Built and led by Dmitry Tokarev, a software and financial engineering specialist, the firm provides a comprehensive suite of custody, trading and settlement solutions that reduce counterparty risk and bring greater capital and operational efficiency to digital asset markets. At the heart of Copper's offering is Multi-Party Computation (MPC) technology – the gold standard in secure custody. Copper’s multi-award winning custody system is unique in that it can be connected to centralised exchanges, DeFi applications and even staking pools without the assets leaving the custody.

Built on top of this state-of-the-art custody, ClearLoop™ is the first solution in the market that overcomes a growing industry challenge; counterparty risk with exchanges. This solution underpins a full prime services offering, connecting global exchanges and enabling customers to trade and settle directly from the safety of their MPC-secured wallets. By reducing settlement time for transfers to a few milliseconds (without blockchain network dependency) and offering enhanced security measures, ClearLoop™ is rapidly reshaping the way asset managers trade and manage capital.

In addition to industry-leading security certifications, Copper has one of the strongest insurance coverages in the industry from an A+ rated insurer, positioning the firm as the partner of choice for institutions seeking to safeguard their assets.

Department environment

With a set of market leading products in custody, settlement, clearing, liquidity access, and our position as a leading infrastructure provider in the industry, Copper is well placed to become a pillar of future digital and tokenised assets industry. Your purpose at Copper is to be at the centre of various products and services, orchestrate internal systems, apply your skill and knowledge to establish or maintain our market leadership and deliver on other objectives.

Role Purpose:

The Product Principal will lead the continuous improvement, operation, and support of our Custody, Settlement and Clearing solutions. You will collaborate with our Prime, Reg Compliance, and Internal Products leads, as well as cross-functional departments, to enable the strategic innovation and development of our platform and services.

Key Responsibilities of the role

  • Collaborate cross-functionally with revenue, engineering, regs compliance, and other cross-functional teams and align teams on a shared vision and steer execution on that vision (including GTM, operationalisation & support).
  • Collaborate cross-functionally with operations, engineering, other product leads, strategic vendors/partners, and other cross-functional teams to continuously improves the resilience, quality, and interoperability of our Custody platform.
  • Collaborate cross-functionally with compliance and legal to ensure the regulatory compliance of our Custody platform across all relevant jurisdictions.
  • Communicate with clients and the organisation effectively. As a high-touch B2B solution provider, we rely on direct client communication for a lot of ideas and feedback we receive on our current and future products.
  • Assess potential risk associated with our products, from development through launch and lifecycle management. Implement strategies to minimize these risks to ensure product safety, compliance and customer satisfaction.
  • Continually research the industry and the market to ensure that we are building the best in class products and supporting the business with their challenges.
  • Understand Copper products exceptionally well and lead discussions with senior stakeholders throughout the business.
  • Manage and maintain product and development boards, ensuring the development process is running according to our policies and procedures.

Your experience, skills and knowledge

Essential

  • Deep understanding/knowledge of the Prime Brokerage / Prime Services Operating Models and familiarity with financing solutions that Prime Brokers provide to their clients. (the perfect candidate is someone that has worked directly or indirectly with Prime Brokerage units and is familiar with the role they play in Financial Markets).
  • Deep understanding/knowledge of the Global Custody / Securities / Post-Trade Services Operating Models (the perfect candidate is someone that has worked directly or indirectly with custodian banks, securities administrators, and/or CSDs and is familiar with the role they play in Financial Markets).
  • Experience in a client facing role (preferably liaising directly with Hedge Funds, Market Makers, OTC desks) and is familiar with the activities they perform.
  • Previous experience working within a Product leadership role.
  • Solid knowledge about product development life cycle and experience involved at various stages including requirement review, UI/UX design, test case review, production support.
  • Knowledge of blockchain technology coupled with keen interest in latest developments in digital asset/crypto ecosystem, especially tokenisation.
  • Experience with relevant tools, obsession with simple, efficient and straightforward processes.
  • Comfortable with making their own decisions and taking on significant responsibility, but not shying away from rolling up their sleeves and doing the day-to-day Product work as and when the hyper-growth environment requires you to do so.

Desirable

  • Experience working for a start-up/scale-up, being driven and excited by small teams’ ability to get things done.
  • Experience working in operations and/or technology.

The benefits offered

  • Holidays: 27 days per annum paid holiday, in addition to bank holidays
  • Years of Service Days: Employees are awarded one additional day of paid time off per year of service (up to three years)
  • Vitality Health:
    • Medical Insurance: Copper provides all employees with individual cover. Medical history is disregarded, and a 24/7 virtual GP is available (£100 excess per person per year)
    • Dental Insurance: Comprehensive dental cover for preventative, restorative and emergency treatment
    • Audiology Cover: Employees can claim back up 80% of costs, up to £300, for any hearing tests or hearing aids
    • Optical Cover: £500 optical cover (through Vision Express) or 80% reimbursement up to £300 for any other optician
    • Menopause Support: Unlimited support for those experiencing symptoms of the menopause, such as video consultations with a dedicated menopause practitioner
    • Vitality services also include an additional £100 for minor diagnostic tests and private prescriptions, including home diagnostics
    • Headspace - Copper's policy provides all employees with a free Headspace subscription. Headspace provides great resources to manage stress, improve sleep, meditate and enhance mindfulness
    • Discounts and free benefits - the Vitality programme has been designed for preventative care to encourage members to improve their overall health and will reward those for doing so. Employees can access additional benefits such as 50% off running shoes, discounted health screenings, 50% off at Nuffield Health or Virgin Active gyms and much more
  • Home Working Energy Support Scheme: to combat energy prices increasing globally, Copper will provide you, in addition to your salary, with a monthly top-up of £60 or £75 (subject to your energy supplier)
  • Pension up to 10% matched contribution to our company pension scheme via Smart Pensions
  • Cycle to Work
  • Life Insurance cover: Four times your base salary
  • EAP: access unlimited mental health consultations and contact a 24/7 confidential helpline for emotional support
  • Unmind
  • Sponsored Learning and Development opportunities
  • Regular company events and social activities

In return for everything you can bring to Copper, we can offer you an exciting, challenging role in a fast-growing and dynamic business, with career opportunities and welcoming working environment.

If you think you have everything we're looking for and more, then we'd love you to apply for the opportunity.

Copper is an equal opportunity employer. We embrace diversity and equal opportunities in a serious way. We are committed to building a team that represents a variety of backgrounds, perspectives, and skills. The more inclusive we are, the better our work will be. So, bring us your experience, perspectives, and skills. It is in our differences that we will continue to grow and ensure Copper is transforming how institutional investors engage with digital assets. Copper is a Disability Confident Employer, please let us know if you have a disability. If you require us to provide any assistance during the recruitment process, then we would ask you to highlight this to us and we will be happy to accommodate.