Mar 10, 2022

Head of Risk

  • Wintermute
  • London / Singapore
Full time

Job Description

About Wintermute
 
At 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 LightspeedPantera CapitalSino Global CapitalBlockchain.com Ventures, Avon Ventures by Fidelity InvestmentsDeFi 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 Wintermute

Head of Risk is an important role responsible for managing all trading risks across all of our products: on exchange and OTC. Head of Risk will work very closely with Head of Trading, Heads of Trading Desks and will form a part of the senior control team together with Head of Finance, Head of Compliance and GC.

 

Responsibilities

  • Design risk framework for spot, futures and options
  • Work with development team to implement the framework
  • Design and set up risk alerts and ensure ongoing monitoring
  • Work closely with traders to understand trading risk of main strategies and balance risk reward
  • Design risk framework for OTC activities, such as assessing counterparty and margining risks and setting appropriate limits

 

Hard Skills Requirements

  • Experience with risk frameworks in spot and derivatives markets in traditional finance, in high-frequency/quant/algo strategies
  • Experience with crypto markets is an advantage but not required; you should be able to quickly understand how crypto markets may be different
  • Experience with setting up risk frameworks for OTC products (incl. derivatives) is a strong advantage
  • Basic coding skills, ideally in Python
  • Experience with building and implementing quantitative risk models
  • Experience monitoring risk and working closely with traders, as well as with compliance and control functions

 

Other Requirements

  • Have an owner mentality: you focus on the ultimate result for the company (short and long-term growth) while protecting the company from risks
  • Able to understand the bigger picture and be very hands-on and practical
  • Flexibility to find the right approaches for each product, company, situation, not only copy paste what was seen before
  • Determined, ambitious yet humble, willing to work hard, take feedback and learn on the way
  • Like meritocracy and being judged by what you deliver
  • Like working in the team collaborative environment 
  • We prefer people to work in the office at least 50% of the time with preferred location being London; we are also open to candidates based in Singapore