Strategy & Operations MBA intern - summer 2022
atWintermute
May 14
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. Strategy & Operations team  Strategy & Operations team is in the COO office of Wintermute, tasked with scaling the company to its very ambitious milestones. Your role will be very varied and cross-functional. You will be co-designing, owning and implementing strategic initiatives as well as building the core business functions for scale. Expect to be very practical and hands-on! It is an incredibly unique opportunity to be part of a startup that has already become a global market leader in its category, achieved commercial success and is yet small enough (in terms of headcount) where you can make a big difference!Note: this role is not about “giving advice to management” and “high-level strategy design” or managing others. The role is about making important things happen and building a business for the future.
Opportunities for you:
- All-round experience growing a successful businesses from X to Y
- Experience designing processes and scaling operations across a very wide set of functional areas, many of them likely new to you
- Hands-on entrepreneurial experience and experience building important aspects of a business
- Influence on shaping your role: your specific projects and responsibilities will be the intersection of your talents/interests and company needs; there is no limit to the scope of the role
- A lot of personal accountability and related non-linear rewards for results
- Experience working in the most dynamic and exciting industry of the decade in a company that has a very diversified exposure to crypto (you do not bet on a specific token, protocol or product)
Potential/likely functional subject areas:
- Go-to-market:Â business development processes, sales operations, product marketing
- New businesses:Â setting up new entities, businesses and markets
- Finance:Â financial planning and modelling, cost of capital optimizations, corporate structuring and tokenomics, investor updates
- Talent operations:Â employer marketing, events, recruitment of key functionsÂ
- Product:Â product and project management
- Partnerships:Â projects relating to setting up new partner relationships, e.g. clearers, prime brokers and other strategic service providers
- Reporting & analytics:Â automation, managing data in CRM and analytics
- Crypto and market analytics:Â analysis of ecosystems, projects, players, markets
Hard Skills Requirements:
- 3-7 years experience in a high-performance environment, such as management consulting, investment banking, PE, VC-backed startup, law firm, etc
- Strong problem solving skills, both quantitative and qualitative – we will test
- Strong communication skills - be able to communicate clearly, concisely and listen well
- Ability and interest to learn about new technologies quickly, both on conceptual (e.g. how DeFi protocols work) and hands-on (how to use automation tools) levelsÂ
Other Requirements:
- Curiosity in the world of finance, trading, blockchain, and cryptocurrencies; if you are not interested to follow the industry in your spare time “because it’s fascinating”, it will be difficult to keep up
- Ability to see the big picture, design processes from scratch and break down big strategic projects into small executable steps (and execute these steps)
- Results-driven and ability to get things done in a fast and efficient way, good at making sure the "trains run on time"
- A healthy level of self-awareness and ability to learn from your own mistakes
- Preference to work in a meritocracy and being judged by what you deliver
- Ownership mentality, prepared to work beyond 9-to-5 to achieve what is required for the business
- Like working in the team environment working from our London office (as much as Covid restrictions allow)
Wintermute offers:
- Distinct company cultureÂ
- A cool office in central London with a sci-fi touch, including its own “living room”, game room, gym, stocked kitchen, etc (although this is probably the wrong reason to join any company!)
- Weekly team events, such as team lunches, team dinners, team board games and Dota playing sessions; these are not obligatory in any sense, but this is what we like to do
Tips for Successful Application:
- Only apply to us if you are genuinely interested in this role
- Do your basic research: read our website and social media channels (Twitter, LinkedIn, etc)
- Be candid and direct when answering application questions, do not send us generic copy paste answers; we are looking for authentic people with clear motivations
- If you don't have any obviously matching experience or skills, make sure you state very clearly what you can bring to the team and how your experience is relevant or transferable
- We get a lot of applications, so unfortunately, we won't be able to proceed if you don’t take the application seriously; we read all applications, all of your answers and we promise to reply to everyone who puts time and effort into making their application stand out!
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