About Bullish Bullish is an institutionally focused global digital asset platform that provides market infrastructure and information services. These include: Bullish Exchange - a regulated and institutionally focused digital assets spot and derivatives exchange, integrating a high-performance central limit order book matching engine with automated market making to provide deep and predictable liquidity. Bullish Exchange is regulated in Germany, Hong Kong, and Gibraltar. CoinDesk Indices - a collection of tradable proprietary and single-asset benchmarks and indices that track the performance of digital assets for global institutions in the digital assets and traditional finance industries. CoinDesk Data - a broad suite of digital assets market data and analytics, providing real-time insights into prices, trends, and market dynamics. CoinDesk Insights - a digital asset media and events provider and operator of Coindesk.com, a digital media platform that covers news and insights about digital assets, the underlying markets, policy, and blockchain technology. Reports to: Vice President, Compliance
Position Overview We are seeking a highly detail-oriented Compliance Analyst to ensure our operations remain at the forefront of regulatory excellence. This dual-entity role is critical to maintaining the integrity of our regulated marketplace. You will support the day-to-day operationalization of our compliance programs, ensuring strict adherence to CFTC Core Principles and FCA standards (via CoinDesk). This is a unique opportunity to work across trading, clearing, and benchmark administration in the evolving digital asset space.
Responsibilities: General Regulatory Oversight
- Assist in developing, maintaining, and operationalizing compliance programs for the DCM and DCO in accordance with CFTC Core Principles and regulations.
- Monitor global regulatory developments (specifically CFTC) and assess their operational impact on both entities.
- Support the preparation and submission of regulatory filings, rule amendments, and required notices to the CFTC.
- Assist in responding to regulatory examinations, formal inquiries, and information requests.
DCM Operations (Designated Contract Market)
- Help maintain and update DCM rulebooks, trading rules, and market integrity policies.
- Coordinate ongoing compliance matters pertaining to our Designated SRO agreement.
- In coordination with our DSRO, review position limit hedge exception requests as required.
- Attend weekly and monthly meetings to review Market Regulation updates and surveillance findings with our DSRO.
DCO Operations (Derivatives Clearing Organization)
- Assist in monitoring DCO compliance with Part 39 requirements, including financial resource standards, risk management, and customer protection.
- Support the compliance-driven development and testing of default management procedures, stress testing frameworks, and margin methodologies.
- Ensure cross-departmental compliance with System Safeguard requirements (monthly, quarterly, and annual updates).
- Prepare detailed investigation reports when potential rule violations or reporting breaches are identified.
Policies & Cross-Functional Collaboration
- Serve as an integral part of the CoinDesk Indices & Data benchmark oversight and administration function, specifically maintaining the UK BMR license and managing FCA notifications.
- Draft, review, and update internal compliance policies, procedures, and controls.
- Facilitate the integration of new products and business initiatives through rigorous compliance review.
Experience & Qualifications: - 3+ years of experience in regulatory compliance, ideally within a DCM, DCO, SEF, or FCM environment.
- Familiarity with CFTC Regulations (Parts 37, 38, and 39) and NFA rules. Knowledge of UK BMR and FCA regulations is a plus.
- Strong ability to interpret complex regulations and translate them into actionable internal procedures.
- Excellent written communication skills, specifically for drafting rulebooks and investigation reports.
- Comfort working in the fast-paced digital asset industry; ability to learn the Financial Promotions regime and benchmark administration quickly.
Preferred: - Experience with digital assets or blockchain technology and their regulatory implications is a significant plus.
- Experience with compliance monitoring systems (e.g., transaction monitoring, e-comm surveillance).
- Knowledge of relevant laws, legal codes, procedures, and regulatory standards (e.g., NY CRR Part 200 Virtual Currency Regulations, Bank Secrecy Act (BSA), Anti-Money Laundering (AML), USA PATRIOT Act, OFAC) and of federal regulations (e.g. FINRA and SEC rules) is a plus.
Bullish US LLC & CoinDesk Inc. are committed to offering competitive compensation and benefits. The anticipated base salary for this position is $130,000 - $150,000 + discretionary annual target bonus + performance incentives/benefits. Offered salary will be reflective of job related knowledge, skills and commensurate experience.
Bullish is proud to be an equal opportunity employer. We are fast evolving and striving towards being a globally-diverse community. With integrity at our core, our success is driven by a talented team of individuals and the different perspectives they are encouraged to bring to work every day.