Junior Derivatives Trader

About the role

This role focuses on expanding Anchorage's over-the-counter derivatives trading operations. The successful candidate will be responsible for developing and executing trading strategies for digital asset derivatives, aiming to increase profit while maintaining careful risk management practices. This includes refining existing infrastructure, creating new models, and establishing processes to support business growth.

The position requires close collaboration with global team members to ensure smooth market operations. The trader will also work with engineering and quantitative teams to improve trading infrastructure, enhance execution quality, and strengthen risk management systems. Additionally, the role involves providing market insights to internal stakeholders and contributing to client-facing content.

Success in this role means driving P&L growth through disciplined trading and risk management, contributing to the development of a robust derivatives trading platform, and effectively collaborating across teams. The ideal candidate will bring expertise in various derivatives products and a strong understanding of market fundamentals, applying these to the evolving digital asset space.

The annual salary for this position ranges from $120,000 to $200,000.

Skills that matter here

• derivatives: The role requires expertise in trading various derivatives, including options, forwards, and structured products, across both digital and traditional asset classes.
• trading: This position involves developing, executing, and managing trading strategies for digital asset derivatives.
• risk management: A core responsibility is to maintain disciplined risk management practices while driving P&L growth and enhancing risk management systems.
• quantitative analysis: Strong quantitative and analytical capabilities are necessary for working with complex financial models, interpreting datasets, and deriving actionable insights.
• Python: Experience with quantitative modeling and data analysis using Python is expected.
• R: Experience with quantitative modeling and data analysis using R is also valued.

Who this role suits

• Someone with 3-5 years of experience in derivatives trading, ideally from a sell-side bank, who is eager to apply their knowledge to digital assets.
• A person with strong quantitative and analytical abilities, comfortable with complex financial models and data analysis.
• An individual who is detail-oriented, disciplined in risk management, and possesses a strong desire to learn about crypto markets.
• A collaborative team player who takes ownership of their responsibilities and thrives in a fast-paced environment.

From the employer

As Trader of OTC Derivatives at Anchorage, you will bring your expertise in trading derivatives (including options, forwards, and structured products) across digital and traditional asset classes to help build and scale a best-in-class trading platform. You will play a key role in executing client business, managing risk, and developing the derivatives trading franchise.

In this position, you will:

• Develop, execute, and manage trading strategies for digital asset derivatives.
• Drive P&L growth while maintaining disciplined risk management practices.
• Build and refine trading infrastructure, develop new models, and create durable processes to support the growth and success of our derivatives business.
• Coordinate closely with team members across the globe to deliver seamless market operations.
• Collaborate with engineering and quant teams to build and enhance trading infrastructure and improve execution quality and risk management systems.
• Provide market color and insights to internal stakeholders and help produce client-facing content.

Must Haves:

• Experience: 3-5 years of experience in trading derivatives including options, forwards, and structured products. Prior sell-side derivatives trading experience at a bank and professional crypto experience are highly valued.
• Market Knowledge: Possess strong fundamentals in derivatives pricing, risk management, and market structure.
• Quantitative Skills: Strong quantitative and analytical capabilities, coding skills, and excellent attention to detail. Experience with quantitative modeling and data analysis using Python, R or other languages. Experience working with complex financial models, interpreting datasets, and deriving actionable insights to drive trading decisions.
• Communication Skills: Strong written and verbal communication skills.
• Culture: Strong attention to detail and disciplined approach to risk management. Intellectual curiosity and a strong desire to learn crypto markets. Ability to operate in a fast-paced, high feedback trading environment. A collaborative team player who demonstrates high levels of ownership in their responsibilities.

Additional:

• About Anchorage Digital: Who we are

The Anchorage Village, what we call our team, brings together the brightest minds from platform security, financial services, and distributed ledger technology to provide the building blocks that empower institutions to safely participate in the evolving digital asset ecosystem. As a diverse team of more than 600 members, we are united in one common goal: building the future of finance by providing the foundation upon which value moves safely in the new global economy.

Anchorage Digital is committed to being a welcoming and inclusive workplace for everyone, and we are intentional about making sure people feel respected, supported, and connected at work—regardless of who you are or where you come from. We value and celebrate our differences and we believe being open about who we are allows us to do the best work of our lives.

Anchorage Digital is an Equal Opportunity Employer. We are committed to equal employment opportunity regardless of race, color, ancestry, religion, sex, national origin, sexual orientation, age, citizenship, marital status, disability, gender identity or veteran status.