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Job Details

BitGo

Head of OTC Trading (Global)

at BitGo

Full Time

Job Description:

BitGo is seeking a Head of OTC Trading to lead and expand our institutional OTC trading operations globally. This key position involves developing trading strategies, managing risks and P&L, and building strong client relationships across various sectors including hedge funds, asset managers, and venture capital funds. The role offers flexibility in location and requires a seasoned trader with a robust understanding of digital asset markets and strong leadership abilities.

About BitGo:

BitGo is a trailblazer in digital asset financial services, providing innovative solutions to institutional investors across liquidity, custody, and security. Since 2013, BitGo has set industry standards with its multi-signature wallet technology and has expanded to offer a suite of services including trading, lending, and borrowing through its prime brokerage services. BitGo is also the custodian for WBTC, a leading global stablecoin for Bitcoin, and supports over 600 coins and tokens, processing about 20% of all global Bitcoin transactions. With backing from prominent investors such as Goldman Sachs and Galaxy Digital Ventures, BitGo is a dynamic leader in the digital asset space.

Responsibilities

  • Develop and execute the OTC trading mandate with clear timelines and objectives in collaboration with senior management.
  • Manage the overall execution, trading risks, and position management for the OTC trading desk.
    Drive the evolution of operational fund flows and settlement processes, managing third-party vendor relationships.
  • Cultivate and maintain client relationships, working closely with the institutional sales and trading team to enhance flow to BitGo’s OTC operations.
  • Collaborate with the Head of Go Network and Head of Prime to identify and leverage business synergies, enhancing overall value for BitGo and its clients.
  • Work with legal and compliance teams to innovate new business lines and integrate new assets.

Requirements:

  • Minimum of 3 years of experience in digital asset trading (spot or derivatives).
  • At least 5 years of general trading experience, ideally in both traditional and crypto markets.
  • Extensive knowledge of financial markets and digital asset market structures.
  • Proven ability to manage position and counterparty risks in a fast-paced trading environment.
  • Demonstrated leadership skills with experience managing a trading desk or team.
  • Strong communication skills, capable of effectively interacting with clients and internal teams.
  • Enthusiasm for digital assets and a keen interest in emerging industry trends such as staking, NFTs, and institutional market structures.

Desirables:

  • Existing network within the crypto community.
  • Direct experience working with or running a lending protocol and/or structuring DeFi integrations.
  • Previous roles as a delegate in major DAOs or governance leadership within well-known protocols.
  • Technical or mathematical background with the capability to explain technical concepts to non-technical stakeholders.

Benefits:

  • Competitive base salary ranging from $225,000 to $275,000, plus bonuses, stock options, and comprehensive benefits.
  • 100% company-paid health insurance for employees, partners, and dependents.
    Up to 4% 401k company match.
  • Paid parental leave and generous vacation policy.
  • Free commuter/parking pass and 5-minute access from Caltrain.
  • Free custom lunches, dinners, and snacks.
  • Computer equipment and workplace furniture to suit your needs.
  • Great colleagues and an inspiring startup environment.
  • Monthly reimbursement for home internet, phone, and cellular data.
  • Unlimited vacation and 100% paid parental leave of 12 weeks.
  • Fertility benefits and opportunities for incentive compensation.

Salary (USD)

$225K – $275K

Full Time

Job Location

New York, United States

Job Overview

Job Posted:
2024-06-17
Job expire in:
2024-07-31
Role Level:
Director
Experience:
+5 Years
Education:
Not specified
Attendance:
In Office

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