United Kingdom onlyWintermute is one of the largest crypto-native algorithmic trading companies in digital assets. We provide liquidity algorithmically across most cryptocurrency exchanges and trading platforms, a broad range of OTC trading solutions as well as support high profile blockchain projects and traditional financial institutions moving into crypto. Wintermute also has a Wintermute Ventures arm that invests in early stage DeFi projects.
Wintermute was founded in 2017 by industry leaders and has successfully navigated crypto industry cycles. Culturally, we combine the best of the two worlds: the technology standards of high-frequency trading firms in traditional markets and the innovative and entrepreneurial culture of technology startups. To Wintermute digital assets is not just another asset class, we believe in the innovative potential of blockchain, the fundamental innovations, we have a long-term view on the digital asset market and are taking a leadership position in building an innovative and compliant market. Read more here.
Risk Management at Wintermute
As 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 various teams such as trading, middle office and business development. A strong understanding of the trade life cycle of derivatives and spot will be beneficial.
Responsibilities
- Holistically evaluate positions and design relevant market risk frameworks for scaling up trading across various products.
- Review traded market risk data and recommend implementation of new risk limits and controls to senior management and traders to ensure significant risks are mitigated.
- Analyse traded volumes vs perpetual futures open interest on various exchanges to determine the impact of adverse market and liquidity risk events and stress test scenarios.
- Develop tools for daily monitoring and reporting of various positions traded by the firm including impacts on VaR limits and relevant stress tests.
- Independently review trading limits and parameters to ensure alignment with risk-reward appetite.
- 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
Requirements
- Experience in Market Risk Management with relevant responsibilities in a top tier/high performance financial institution. We are also open to seeing candidates with other risk experience who are willing to transition to market risk.
- Deep understanding of OTC trading workflows and the trade life cycle of spot trading and derivatives, including options, CFDs, and NDFs
- 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)
- Strong communication skills, the ability to understand when escalation is required
- Entrepreneurial and hands-on attitude, understanding the trade off between growth and risk
- Strong quantitative skills and being highly confident to work with numbers and large datasets
- Experience with Python for data manipulation, ad hoc analysis and creating risk metrics is preferred
- Bachelor’s degree in a quantitative or relevant business subject
Join our dynamic team and benefit from:
- Working at one of the most innovative trading firms globally.
- Engaging projects offering accelerated responsibilities and ownership compared to traditional finance environments.
- A vibrant working culture with frequent team meals, holiday celebrations, gaming events, and company-wide outings, including our annual Wintermute weekend getaway.
- A Wintermute-inspired office in central London, featuring an array of amenities such as table tennis and foosball, personalized desk configurations, a cozy team breakout area with games and free food.
- Great company culture: informal, non-hierarchical, ambitious, highly professional with a startup vibe, collaborative and entrepreneurial.
- A performance-based compensation with a significant earning potential alongside standard perks like pension and private Health insurance.
Note:
- Although we are unable to accept fully remote candidates, we support significant flexibility in regards to working from home and working hours.
- We offer UK work permits and help with relocation
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