Galaxy - Head of AI Infrastructure Markets
Requirements
• You will establish a new business dedicated to the financialization of AI infrastructure. Market participants are accumulating large, correlated exposures across power and compute and lack adequate tools to manage them. This role designs the strategy and client solutions that meet those needs, and over time develops the principal risk-taking framework that extends the product suite. This is a broad mandate with significant scope to shape the direction of the business. • 8+ years building and running a markets business — trading, brokerage, structured products, or physical commodities — with a track record of taking a franchise from zero to scale and running risk or structuring transactions • Working knowledge of the AI compute ecosystem — data-center development, neoclouds, GPU economics, hyperscaler dynamics • Range across modes (trade, structure, lend, intermediate) rather than a single-product specialty • Deep fluency in a flow commodity defined by basis, term structure, and non-storability — power, freight, bandwidth/telecom, or a comparable market where non-fungibility and obsolescence shape how it trades • Demonstrated ability to price and manage risk in illiquid or nascent markets — comfort with basis risk, mark-to-model valuation, and proxy hedging • Credit and structured-lending judgment, including asset-backed and project-finance structures, with a sharp instinct for the difference between bankable contracted offtake and merchant price risk • Quantitative fluency, including the ability to build and interrogate pricing models in Python or a comparable language • Institutional-grade execution and a rigorous, skeptical, process-driven approach to risk • Power or energy trading background, including ISO/RTO mechanics, nodal/zonal pricing, and PPAs • Experience in or alongside an AI business, cloud provider, data-center operator, or large energy offtaker, with corresponding understanding of cost structures and procurement • Experience financing or operating capital-intensive physical infrastructure • Crypto-mining operations experience and the associated power and hardware economics • Prior experience launching a new derivatives product, or contributing to the design or governance of a market index or benchmark • Entrepreneurial and comfortable operating amid ambiguity, with a clear preference for building over administering an established function • Creative — many of the relevant instruments do not yet exist and will need to be conceived and brought to market by the desk • Driven and commercially focused, with a clear ownership mentality appropriate to a role of this scope
Responsibilities
• Develop and own the strategy for Galaxy's entry into AI infrastructure markets across brokerage, dealing, market-making, and structured lending • Originate transactions and build the counterparty network across AI labs, neoclouds, hyperscalers, data-center developers, utilities, crypto-mining operators, and financial counterparties • Design and structure bespoke instruments such as forwards, swaps, options, and capacity-reservation structures for hedging or monetizing capacity across power, compute, and GPU • Develop pricing and risk frameworks for illiquid instruments, including mark-to-model valuation and proxy hedging • Build credit and structured-lending capability for GPU fleets and data-center deployments • Source liquidity, establish exchange and OTC connectivity, and stand up operational infrastructure with legal, credit, and quant teams • Build and lead the team across origination, trading, structuring, and credit • 8+ years building and running a markets business in trading, brokerage, structured products, or physical commodities, with a track record of scaling from zero • Working knowledge of the AI compute ecosystem (data-center development, neoclouds, GPU economics, hyperscalers) • Range across trade, structure, lend, and intermediate modes • Deep fluency in a flow commodity defined by basis, term structure, and non-storability (power, freight, bandwidth, or comparable) • Ability to price and manage risk in illiquid or nascent markets • Credit and structured-lending judgment including asset-backed and project-finance structures • Quantitative fluency to build and interrogate pricing models in Python or comparable language • Institutional-grade execution and rigorous risk approach Nice-to-have: • Power or energy trading background (ISO/RTO, nodal pricing, PPAs) • in or alongside an AI business, cloud provider, or data-center operator • financing or operating capital-intensive physical infrastructure • Crypto-mining operations
Benefits
• Competitive base salary and discretionary bonus • Hybrid/Flexible Working Arrangements • Flexible Time Off (paid) • 3% 401(k) company contribution • Company-paid health and protective benefits for employees, partners, and other dependents • Generous paid Parental Leave • Competitive family planning benefits for US employees • Opportunities to learn about the Crypto industry • Smart, entrepreneurial, and fun colleagues • Free daily snacks and weekly breakfasts/lunches • Employee Resource Groups • Free coaching and counseling sessions through Headspace • The base salary ranges included below will be commensurate with candidate experience, expertise and local market. Final offer amounts are determined by multiple factors, including candidate experience and expertise. At Galaxy, we maintain a total compensation philosophy which consists of a competitive base salary, annual bonus, and equity incentives. • $260,000 - $290,000 USD • Galaxy respects diversity and seeks to provide equal employment opportunities to all employees and job applicants for employment without regard to actual or perceived age, race, color, creed, religion, sex or gender (including pregnancy, childbirth, lactation and related medical conditions), gender identity or gender expression (including transgender status), sexual orientation, marital or partnership or caregiver status, ancestry, national origin, citizenship status, disability, military or veteran status, protected medical condition as defined by applicable state or local law, genetic information or predisposing genetic characteristic, or other characteristic protected by applicable federal, state, or local laws and ordinances. • We will endeavor to make a reasonable accommodation to the known limitations of a qualified applicant with a disability unless the accommodation would impose an undue hardship on the operation of our business. If you believe you require such assistance to complete the application process or to participate in an interview, please contact [email protected].
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