Fund Compliance Manager

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.

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.

• 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…