About Wintermute Wintermute is a leading market maker of digital assets globally. We manage hundreds of millions in assets and trade more than $3B+/day across dozens of different trading platforms. Culturally, we combine 1) the best-in-class trading and technology professionalism coming from team’s expertise in top tier HFTs from traditional markets and 2) technology startup culture, as we are moving very fast and empowering people to act like owners. Wintermute provides liquidity algorithmically across most vested exchanges in crypto, across CeFi and DeFi, on-screen and OTC, as well as supporting high profile blockchain projects. At Wintermute, we believe in the decentralization of finance and we believe that trading companies of the future are technology companies, not financial services providers.Wintermute is a proprietary trading business. We are a Series B highly profitable startup backed by Lightspeed, Pantera Capital, Sino Global Capital, Blockchain.com Ventures, Avon Ventures by Fidelity Investments, DeFi Alliance and other top tier investors. Learn more about our team and culture on our website and Evgeny’s post here. Working at Wintermute We are looking for an Algorithmic Trader with strong coding skills (Python) and a curiosity about hft, market making and crypto trading. At Wintermute, you will be responsible for your own “desk” right from the start. You will have the opportunity to develop your own product (trading algorithms, trading strategies), while also getting advice and guidance from very experienced traders and developers, including the founders/management team. You will get a lot of independence and responsibility right away, and you'll learn at an unprecedented speed! No legacy systems, no corporate bureaucracy, no multiple levels of approvals. It is up to you to make an impact. You will act like an owner and your incentives (incl. equity) will be completely aligned with those of the company!
About WintermuteAt Wintermute our mission is to enable, empower and advance the truly decentralized world for more transparent and efficient markets and products. We do this by providing liquidity algorithmically across most trading venues in crypto, supporting all major centralized and decentralized trading venues, AMMs, RFQs, aggregators and chains. Wintermute’s customer-facing business includes various OTC products such as electronic trading API and single-dealer platform for a wide range of counterparties from crypto native whales to large traditional finance institutions. Wintermute is also providing market making services for blockchain projects where we support most of the world’s largest and most prominent launches. In addition to providing the best in class liquidity products, Wintermute is actively participating in the building and development of the blockchain ecosystem through investments from Wintermute Ventures, partnerships and co-development with upcoming protocols and incubation of own projects. Wintermute is a hyper-growth highly profitable business with a very ambitious vision and roadmap. We manage billions of dollars in assets and trade more than $5B/day. We are backed by Lightspeed, Pantera Capital, Sino Global Capital, Blockchain.com Ventures, Avon Ventures by Fidelity Investments, DeFi Alliance and other top tier investors. We are run as a technology company, not a financial service provider, and we build our culture around core values of ambition, collaboration, entrepreneurship, transparency and meritocracy.Risk Management at WintermuteAs Risk Analyst you will be part of the global Risk Management function. The team plays a vital role in Wintermute’s growing OTC and counterparty-facing business, as well as its presence on trading venues.You will monitor, maintain and help improve the risk management framework for a large number of products (spot, derivatives, electronic and voice trading, etc) and types of counterparties. You will work closely with senior Business Development managers, traders, middle office & trading operations. A strong understanding of the trade life cycle of derivatives and spot will be beneficial.
Responsibilities
- Assessing counterparty and exchange risks, and monitoring limits
- Collateralization monitoring and managing liquidation events
- Communicate with relevant counterparties through risk and credit assessments
- Build tools to further enhance risk management monitoring and escalationÂ
- Proactively help improve the risk framework across derivatives, and spot products
- Analyse market trends, reports, statistics, and relevant documentation, then inform relevant stakeholders as appropriate
- Work closely with Middle Office on trade life cycle events such as margin calls, trade settlement and collateral management
Requirements
- 1-2 years’ experience in Risk Management with Credit Risk being an advantage or Middle Office role with relevant responsibilities in a top tier/high performance financial institution.
- Understanding of OTC trading workflows and the trade life cycle of derivatives and spot products
- Experience with the crypto markets is an advantage but not required; you should be able to quickly understand how crypto markets may be different
- Strong commercial acumen that includes ability to take calculated risks, proactively identify and mitigate risks, develop tailored solutions (vs one size fits all “by the book” approach)Â
- Strong communication skills, the ability to understand when escalation is requiredÂ
- Entrepreneurial and hands-on attitude, understanding the trade off between growth and risk
- Strong quantitative skills and high confidence working with numbers, large datasets
- Bachelor’s degree in a quantitative or relevant business subject
Other Requirements
- A unique opportunity to work interesting projects in the most exciting trading marketsÂ
- Career progression to become an algorithmic trader for candidates who are interested.Â
- A unique opportunity to join a market leading algorithmic trading firms in crypto and a prominent player in the blockchain ecosystem
- Great culture: highly professional and ambitious, yet informal, non-hierarchical, collaborative and entrepreneurial
- A cool office in Singapore
- Regular team events, such as team lunches, team dinner, team board game sessions; these are not obligatory in any sense, but this is what we like to do
- Aligned incentive structure: a significant part of your compensation is performance-based with substantial upside
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