Role in brief
Anchorage Digital, a crypto platform for institutions, is seeking an experienced OTC Trader. This role involves managing client hedging needs, optimizing trading processes, and contributing to automation. Ideal for a middle-seniority professional with a strong background in cryptocurrency trading and client relations, who can help grow the trading business while managing risk.
About the role
This role at Anchorage Digital focuses on over-the-counter (OTC) trading, specifically facilitating client hedging and managing risk. The trader will be responsible for providing service to institutional clients, handling complex trades, and continuously working to improve the trading offering through technical investments and automation. A key part of the job involves converting institutional prospects into active trading clients.
The position requires a deep understanding of crypto market microstructure and the ability to adapt to changing market exposures and client requests. This includes contributing to internal research by following market narratives and performing principal trading exposure management. The successful candidate will also contribute to efforts aimed at increasing automation within the trading processes.
Success in this role means effectively balancing client service with risk management, while also driving growth in the trading business. It involves not just executing trades, but also enhancing the underlying infrastructure and tools, and demonstrating expertise in handling institutional clients within the cryptocurrency space. The role is remote-friendly, with an initial in-person onboarding.
The salary for this position ranges from $135,000 to $225,000 USD annually.
Skills that matter here
- trading: The core function of this role is OTC trading, requiring expertise in facilitating client hedges and managing risk exposures.
- crypto: A deep understanding of cryptocurrency market microstructure is essential for navigating this specialized trading environment.
- Python: Familiarity with Python is needed for automation tasks to improve trading efficiency and processes.
Who this role suits
- Someone with at least five years of experience in OTC cryptocurrency trading.
- A professional who excels at building and maintaining relationships with institutional clients.
- An individual who is proactive in identifying opportunities for process improvement and automation.
- A person with a strong grasp of crypto market dynamics and risk management principles.
From the employer
Responsibilities
- Facilitate the hedging needs of client flows.
- Provide clients with best in class service while managing risk exposures.
- Improve the trading offering through tooling and technical investments.
- Perform principal trading exposure management infrastructure and processes.
- Contribute to efforts of increasing automation.
- Follow market narratives to contribute perspectives to internal research efforts.
- Be available to respond to changing exposures, client questions, and requests.
Requirements
- 5+ years experience as an OTC trader in the cryptocurrency space.
- Demonstrated ability to convert institutional prospects into trading clients.
- Ability to expertly handle complex trades with a mindset of continuous optimization.
- Deep crypto market microstructure expertise.
- Strong client-facing abilities.
- Familiarity with Python for automation tasks.
Conditions
- Competitive salary range of $135K-$225K.
- Remote work options.
- In-person onboarding process for security purposes.
- Inclusive workplace culture.
Questions about this role
What is the remote work policy for this position?
This is a remote position, but it requires an initial in-person onboarding process for security reasons.
What level of seniority is expected for this role?
This role is designated for a middle-seniority professional, requiring at least 5 years of relevant experience.
What is the salary range for this position?
The competitive salary range for this full-time OTC Trader position is $135,000 to $225,000 USD.
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