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Director of Treasury

BitGo
BitGo Salary
Palo Alto, CA Full Time
POSTED ON 12/12/2024
AVAILABLE BEFORE 2/12/2025

BitGo is the leading infrastructure provider of digital asset solutions, offering custody, wallets, staking, trading, financing and settlement out of regulated cold storage. Founded in 2013, BitGo is the first digital asset company to focus exclusively on serving institutional clients. BitGo is dedicated to advancing a digital financial services economy that is borderless and accessible 24/7. With multiple Trust companies around the world, BitGo is the preferred security and operational backbone for more than 1,500 institutional clients in 50 countries, including many of the world’s top brands, cryptocurrency exchanges and platforms. BitGo also secures approximately 20% of all on-chain Bitcoin transactions by value and is the largest independent digital asset custodian. For more information, please visit www.bitgo.com.

The Director of Treasury is responsible for overseeing the company's cash management, liquidity, and financial risk management activities. This role plays a critical part in managing day-to-day treasury operations, optimizing cash flow, ensuring compliance with financial regulations, and implementing effective treasury policies. The Director of Treasury will work closely with Chief Financial Officer to develop strategies that support business growth while maintaining financial stability. This role will require being full-time onsite at our Palo Alto office to support collaborative team dynamics and innovative problem-solving.

Key Responsibilities

  • Oversee daily cash positioning, monitor cash balances, and ensure adequate liquidity across various bank accounts.
  • Forecast short-term and long-term cash requirements and ensure the company has sufficient funds to meet operational needs.
  • Manage and optimize working capital to minimize financing costs and improve cash flow efficiency.
  • Establish and maintain relationships with banks and financial institutions.
  • Oversee the opening and closing of bank accounts, and ensure the necessary internal controls are in place.
  • Manage the company's foreign exchange risk exposure and hedging strategies.
  • Work with financial advisors and counterparties to implement appropriate hedging techniques (forward contracts, options, etc.) to mitigate currency fluctuations.
  • Lead the preparation of cash flow projections, monitoring actual versus forecasted cash flows.
  • Work with other departments (e.g., Accounts Payable, Accounts Receivable, and FP&A) to obtain accurate forecasts and improve cash flow visibility.
  • Ensure compliance with internal controls and treasury policies and procedures.
  • Prepare regular cash management and treasury-related reports for senior management, including key performance indicators (KPIs) and liquidity analysis.
  • Provide insights into cash flow trends, working capital management, and funding needs to support strategic decision-making.
  • Collaborate with cross-functional teams (Accounting, Finance, Legal, etc.) to ensure alignment with broader organizational goals.

Qualifications & Skills

  • Bachelor’s degree in finance, Accounting, Business Administration, or a related field.
  • CPA, CFA, or other relevant certifications are a plus.
  • Minimum of 5-7 years of experience in treasury or corporate finance, including experience in cash management, banking, debt management, and risk management.
  • Previous experience managing treasury functions in a large or multi-national organization preferred.
  • Strong understanding of treasury systems, cash management, and financial risk management strategies.
  • Excellent analytical and problem-solving skills.
  • Ability to develop and maintain relationships with banks, financial institutions, and external advisors.
  • Advanced proficiency in Microsoft Excel and experience with treasury management systems (TMS) or ERP systems.
  • Strong communication skills, both verbal and written, with the ability to interact with senior executives and cross-functional teams.
  • High attention to detail and the ability to handle multiple tasks under pressure.
  • Knowledge of relevant financial regulations, including SOX compliance, IFRS, and GAAP.

Why Join BitGo?

Disrupting an industry takes vision, innovation, passion, technical chops, drive to deliver, collaboration, and execution. Join a team of great people who strive for excellence and personify our corporate values of ownership, craftsmanship, and open communication. We are looking for new colleagues who bring innovative ways of thinking and problem solving, and who want risks to be part of the team that changes the world’s financial markets.

Here are some of the benefits* of working at BitGo:

  • Competitive base salary, bonus and stock options
  • 100% company paid health insurance for employee, partner and dependents
  • Up to 4% 401k company match
  • Paid parental leave, Paid vacation
  • Free custom lunches, dinners and snacks 
  • Computer equipment and workplace furniture to suit your needs
  • Great colleagues and inspiring startup environment
  • *Benefits may vary based on location 

Cryptocurrencies are the most disruptive change the financial services industry has seen in years. Join us and you’ll be able to look back and say you were part of the team that transformed investing.

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