Middle Office Specialist

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 Lightspeed, Pantera Capital, Sino Global Capital, Blockchain.com Ventures, Avon Ventures by Fidelity Investments, DeFi 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.

Working at Wintermute

We are a hyper-growth startup in one of the most dynamic industries today. We are looking for a Middle Office Specialist who has expertise in middle office capacity in traditional financial markets or in the crypto space. The individual must easily adapt to the entrepreneurial, varied and highly dynamic nature of a startup business. In this role you will work closely with the traders and the rest of the operations department.

Responsibilities

• Reconciliation - resolving position breaks, cash breaks and reconciling monthly cash flows
• Trade settlement - communicating with trading counterparties to ensure timely and accurate settlements
• Loan management - optimisation of loan management and cost of loans, setting up new loans and lenders
• Process improvement - working with developers to help automate processes or design ways to streamline current processes
• Work with legal/finance/compliance to proactively identify and act on regulatory and compliance implications across multiple products and jurisdictions
• Answering trade queries internally and externally

Hard skills requirements

• BSc in business/finance/quant
• 2+ years of experience in Middle Office/Trade Operations function in a financial services company with high-volume and complex operations (multiple products, multiple geographies, financial regulations); experience in an hft/market making business is a significant advantage
• Excellent Excel skills; experience with databases/SQL/reading and writing simple Python scripts would be a significant advantage
• Experience in process improvement
• Strong interest in trading, curiosity in blockchain, crypto and DeFi
• We prefer Singapore candidates who have PR or citizenship

Other requirements

• Owner mentality: take ownership of tasks and projects. A drive to understand the business beyond own role to add value to the overall business
• Keen to learn the different areas of Middle Office; you should be comfortable working in a very non-hierarchical organization without necessarily having direct reports
• Determination, ambition yet humility; ability to both influence others and listen/learn from others
• Like meritocracy and being judged by what you deliver
• Drive to do whatever it takes to get things done; ability to find creative yet highly professional and compliant solutions to complex tasks
• Have an entrepreneurial mindset; prepared to work non-standard working hours when necessary (since we are a high-growth startup operating in 24/7 crypto world)
• Like working in the team environment working from our Singapore office (as much as Covid limitations allow)

Wintermute Offer

• A unique opportunity to work on very interesting projects, get the level of responsibility and ownership that would take 5-10 years to get in a traditional trading company/bank/hedge fund
• A unique opportunity to join a high growth startup and one of the strongest and highest potential crypto startups based in Asia
• Great company culture: informal, non-hierarchical, ambitious, highly professional yet startupy, collaborative and entrepreneurial
• A cool office in Singapore
• Weekly team events, such as team lunches, team dinners, team board games and Dota playing sessions; these are not obligatory in any sense, but this is what we like to do
• Aligned incentive structure: a significant part of your compensation is performance based bonus with unlimited upside

Tips for Successful Application

• Only apply to us if you are genuinely interested or curious about this role and the space; this is not for someone who is just looking for “a job” or is looking to maximize their short-term fixed salary
• Do your research: look at our website and social media channels
• Write us a short, honest, and direct message if you’d like to apply. Tell us about why you are interested in crypto and market making in general and in Wintermute in particular.
• Do not send us generic copy paste applications, we are looking for authentic people who share our interests, values and ambitions! If you don’t have some obviously matching experience or skills, make sure you state very clearly what you can bring or how your experience is relevant.
• Do your homework on what hft/market making/algo trading is. (Hint: we are not in the business of position taking, directional betting, stock/token picking, technical analysis, “AI” (as in the buzz-word) and we are not a research business for the sake of research)
• We get a lot of applications, so unfortunately, we won’t be able to proceed if you simply press “submit button”; we do promise to reply to everyone who puts time and effort into making the application relevant!