OTC Trader Job at Anchorage Digital, California

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  • Anchorage Digital
  • California

Job Description

At Anchorage Digital, we are building the world’s most advanced digital asset platform for institutions to participate in crypto.

Anchorage Digital is a crypto platform that enables institutions to participate in digital assets through custody, staking, trading, governance, settlement, and the industry's leading security infrastructure. Home to Anchorage Digital Bank N.A., the first federally chartered crypto bank in the U.S., Anchorage Digital also serves institutions through Anchorage Digital Singapore, Porto by Anchorage Digital, and other offerings.

The company is funded by leading institutions including Andreessen Horowitz, GIC, Goldman Sachs, KKR, and Visa, with its Series D valuation over $3 billion. Founded in 2017 in San Francisco, California, Anchorage Digital has offices in New York, New York; Porto, Portugal; Singapore; and Sioux Falls, South Dakota. Learn more at anchorage.com, on X @Anchorage, and on LinkedIn.

With the evolving landscape of digital threats and an increasing volume of sophisticated attacks by malicious actors, we have a security policy mandating all new hires complete an in-person onboarding process - no exceptions . Security is our foundation and we prioritize physical identity verification and secure IT setup. While our security and IT logistics require physical presence to protect our infrastructure from sophisticated global threats, this move is equally about our Village culture. We believe that a laptop can be shipped, but our culture cannot.

  • As a Trader on the Trading Solutions team, you have the unique opportunity to contribute to the growth of the trading business at Anchorage Digital. You will be responsible for facilitating the hedging needs of client flows, ensuring that we provide clients with best in class service, while also managing our risk exposures well within the constraints of the company risk appetite. Being fully successful in this role requires responsiveness and attention to detail during all client and market interactions, while also improving the trading offering through tooling and technical investments. We are investing heavily into our trading technology, and your front-line input will be valuable in prioritizing product features to grow our market share.

  • We have created the Factors of Growth & Impact to help Villagers better measure impact and articulate coaching, feedback, and the rich and rewarding learning that happens while exploring, developing, and mastering the capabilities and contributions within and outside of the OTC Trading role:

Technical Skills:
  • Ability to expertly handle complex trades with a mindset of continuous optimization. Every basis point of execution is significant and should be measured and understood, with the goal of increasing the trading desk’s revenue while abiding by risk management guardrails.
  • Deep crypto market microstructure expertise with ability to identify profitable price gaps while protecting our assets from market volatility and aggressive automated traders, staying one step ahead of market trends.
  • Demonstrates expert knowledge of both electronic and voice trading, influencing technology improvements inspired by the more mature Traditional Finance market structure.
  • Strong client-facing abilities, instilling confidence through excellent white glove service; influencing clients to increase Anchorage’s share of wallet.
  • Traders on the desk use Python to automate manual tasks until the Engineering or Data Science teams deploy more robust solutioning. While Python expertise is not a requirement, you should be comfortable using Python code as needed, and over time develop proficiency in modifying existing code to fit the evolving needs of the desk.
Complexity and Impact of Work:
  • Perform principal trading exposure management infrastructure and processes. This includes building and optimizing the trading desk’s pricing, risk models and governing controls.
  • Contribute to efforts of increasing automation, so that traders can focus on only the most complicated trades, project work, or client engagement.
  • Closely follow market narratives to contribute perspectives to internal research efforts, which may be used to increase engagement with trading clients.
  • Help to inform new products and capabilities within the trading business to meet our clients’ overall needs
  • While on coverage, be available to immediately respond to changing exposures, client questions and requests. This includes rotations on weekends and off-hours.
Organizational Knowledge:
  • Is keenly aware of how Trading fits within the firm’s broader strategy, both as a tool and a standalone business, to provide input to the technology roadmap and implementation.
  • Understands upstream and downstream implications of process changes, proactively voicing ideas and concerns as the business scales. This includes understanding industry trends, regulatory guidelines, and best practices related to trading and settlements.
  • Ensures that knowledge is shared among stakeholder teams and does not position themselves or others as a single point of failure.
Communication and Influence:
  • Stay up to date with the underlying themes driving market prices and liquidity to deepen client interactions and execution strategies.
  • Champion the perspective of the Trading Solutions team during cross-department conversations and with existing clients.
  • Act as a mentor for more junior members of the team, empowering the team to become experts in our current processes, while collaborating to implement enhancements to the trading desk
You may be a fit for this role if you have:
  • 3+ years experience as an OTC trader in the cryptocurrency space.
  • Demonstrated ability to convert institutional prospects into trading clients.
Although not a requirement, bonus points if:
  • You’re proud of your crypto Twitter feed and ability to uncover narratives driving crypto markets and specific coins.
  • You enjoy using memes as a method of communication.
  • You were emotionally moved by the soundtrack to Hamilton, which chronicles the founding of a new financial system. :)
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. Anchorage Digital considers qualified applicants regardless of criminal histories, consistent with other legal requirements. “Anchorage Digital” refers to services that are offered either through Anchorage Digital Bank National Association, an OCC-chartered national trust bank, or Anchorage Lending CA, LLC a finance lender licensed by the California Department of Financial Protection and Innovation, License No. 60DBO-11976, or Anchorage Digital Singapore Pte Ltd, a Singapore private limited company, all wholly-owned subsidiaries of Anchor Labs, Inc., a Delaware corporation.

Protecting your privacy rights is important to Anchorage Digital, and we work to maintain the trust and confidence of our clients when handling personal or financial information. Please see our [privacy policy notices here.](

Job Tags

Full time, Immediate start

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