Fidelity made headlines ealier this week with the announcement of its new institutional brokerage and custody business for cryptocurrency. And now the firm, which is known for its 401(k) and stock brokerage services, is hiring to build out the new crypto business, dubbed Fidelity Digital Assets, according to new job advertisements.
Here are the positions for which the firm is hiring:
- Senior Technology Risk Analyst: "Are you a technologist or risk professional in financial services and eager to apply your expertise to manage technology risks related to the emerging crypto currencies and Blockchain technology? At Fidelity Digital Assets, we are looking for a technology risk professional to evaluate potential threats to our trading platform."
- (2) Senior Analyst, Settlement Operations: "Fidelity Investments is looking for a candidate who has previous experience in trade settlement operations to design policies and procedures, implement workflows, and handle daily operations."
The new business, which will help institutions trade and store crypto, is set to launch in 2019. Fidelity’s efforts in crypto began in 2014 with research and development, according to Tom Jessop, who is leading the new crypto business. Then, the firm examined mining in 2015. At the end of last year, the firm saw more opportunities in the institutional space among family offices and new crypto funds that were starting up. In 2017, the firm partnered with Coinbase to allow its clients to view their crypto holdings on the digital asset exchange.