Trading Analyst at Ethena Labs

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Trading Analyst Ethena Labs. Who We Are:. Ethena Labs is building the first crypto-based reward-accruing synthetic dollar protocol. Arthur Hayes is a founding advisor and the team has deep experience across traditional finance and crypto engineering from firms such as Cerberus, Wintermute, Flow Traders, Deribit, Paradigm, Aave, Blockdaemon and Kaiko. We are backed by every major exchange and trading entities in the space.. What we are Doing:. We are building derivative infrastructure to enable Digital Assets to transform into the Internet Bond via delta-neutral derivatives positions, to create the first crypto-native, rewards bearing savings asset: sUSDe.. We believe creating a synthetic dollar which is not reliant on existing banking infrastructure is the single most important problem to solve and largest opportunity in crypto today.. USDe will form the first part of a broader ecosystem of products we are building including fixed and floating rate internet bonds and composable repo leveraged markets.. Join us!!. We’re looking for a seasoned Analyst from within a trading organization to join our team. To increase the teams bandwidth for effecting 24/7 visibility of the portfolio and enhancing team resources for deeper data gathering, analysis, modeling and portfolio management.. The Role . We are looking for an experienced person who'll play a critical role in monitoring and maintaining the protocols collateral pool positions. These positions 1st, maintain the $ value of the Synthetic Dollar (USDe), and 2nd, produce the yield generation for the Internet Bond (sUSDe). You’d analyze the portfolio and identify areas of over and under performance, consider solutions and quantify potential outcomes, and then report these findings and suggestions to the team for considered actions. . You’d work closely with the Chief Investment Officer (CIO) in executing the trading strategy, ensuring it is being implemented correctly, the Head of Risk to ensure the portfolio is within the defined acceptable parameters, and Quant Engineers on data gathering & analysis tasks. This is a small team that collaborates closely and each person has a huge impact. This is an ideal role for a seasoned Front, Middle or Back Office Analyst, within trading, that is eager to expand their scope and responsibilities across the full spectrum of trading activities. Then, you get to do all of that for the most disruptive Web3/DeFi team in USD denominated digital assets there is right now.. What You’ll Do. Oversee all actions performed by the automated portfolio management system, such as trades, collateral management/movements - question and understand the rationality behind.. Monitor the overall system health, know which service is responsible for what and gauge how to escalate potential issues.. Track portfolio statistics and metrics, such as ensuring the portfolio stays within risk limits.. Check smart-contract balances & Gas costs.. Assist with improvements to the overall functionality of the system.. Aid in the analysis of various market events for future improvements.. Support creating performance and event report to senior management and/or external stakeholders. Often in an incremental style, raw version first with more granular details/precision later.. Potentially assist with manual portfolio adjustments and handling of OTC trades.. What We’re Looking For. Professional trading experience, expected to know topics such as: Order management, Efficient position building, Aversive selection, Hedging techniques.. Experience trading crypto derivatives.. Business or engineering background.. Diligent and precise mindset.. Able to think in an algorithmic way.. Python (use data frames, retrieve data from a DB, visualizations, access HTTP APIs etc.). SQL (select, insert, where, group by and aggregations etc.). No anxiety for the Linux terminal. Why Ethena Labs?. Join a forward-thinking, crypto-native company with a mission to revolutionize decentralized finance.. Work alongside a passionate and innovative team that values collaboration and creativity.. Enjoy a flexible, remote-friendly work environment with opportunities for growth and learning.. If you subscribe to the mission of separating the dollar from the state, then we want to hear from you!. We look forward to receiving your application and will be in touch after having a chance to review. . In the meantime, here are some links to more information about Ethena Labs to help you check us out:. Website. Twitter. LinkedIn