Summary

Gemini is a regulated, full service crypto service provider where technology is the core of the company. There are a wide range of tough problems to solve at Gemini – from properly securing hundreds of millions of dollars worth of customer funds, to facilitating customer crypto trading needs, to finding new techniques to combat fraud, to shaving microseconds off our API response times, and everything in between.

Our growing OTC Trading team is made up of skilled traders, engineers, and product managers who combine knowledge of traditional financial markets with crypto experience to provide best in class products & services for our clients. As a member of this department you will cover institutional OTC (over the counter) client flow & trading systems. On the cutting edge of execution services, this department will evolve into both new products and new jurisdictions as the market progresses and regulation permits.

The Role: Associate, Trading Operations

We're looking for an entrepreneurial, mission-driven Trading Operations expert to help us streamline the trading life cycle & workflows of our OTC Trading business across a number of verticals, including Voice OTC Trading (spot & derivatives) as well as our streaming OTC trading platform “eOTC.” Working closely with Traders, Engineers, Product Managers, as well as other departments, you'll employ a data-driven decision-making process and a growth mindset to ensure our platform's features and functionality lead the market in innovation, efficiency, and excellence. The ideal candidate has solid experience in the front, middle, or back office of a trading firm, whether in crypto or in traditional asset classes.

Responsibilities:

1. eOTC:
2. Partner with Gemini’s Risk team during eOTC onboarding to help establish & monitor client credit based on Gemini account balances & the eOTC welcome letter.
3. Monitoring of order flow and identification of potential problems, escalation to the relevant tech support teams.
4. Monitoring of trade Settlement cadence, including communication with customers to make sure that assets are delivered on time. Identification of potential settlement loops and rebooking when appropriate.
5. Setup new customers and related parameters on eOTC as per the existing workflow with BD and Risk. Update parameters (credit limits) when needed.
6. Monitoring proper funding levels for the eOTC account and moving assets as needed to ensure a smooth settlement.
7. Managing the onboarding queue for new liquidity partners for both spot & options trading.
8. Voice OTC:
9. Monitoring of the Consolidated Trade Blotter and proper recording of trades.
10. Improvement to the various trade blotters and record keeping systems.
11. Assist with quoting Voice OTC clients.
12. Perpetuals Exchange Insurance Fund:
13. Monitoring of positions in the insurance fund from liquidations and prompt hedging of risk.
14. Participate in designing an automated hedging system, including external venue selection, funding and overall ops.
15.  OTC Derivatives:
16. Assist with producing confirmations for executed trades.
17. Book trades, premiums, and option payouts.
18. Margin management & capital efficiency.
19. Producing ad hoc and regular valuation and position reports for customers.
20. Systematic Trading:
21. Monitor the performance of existing trading strategies.
22. Monitor funding and capital allocation between trading venues and strategies. Rebalancing as per the predefined limits.
23. Help in designing new strategies or improving existing ones for all the product types traded: spot, futures, perps and options.

Qualifications:

1. 3+ years of experience in trading operations at high-growth financial services and/or technology companies.
2. Experience trading crypto or traditional financial assets (professionally or personally).
3. Have a successful track record of engaging with cross-functional teams to help deliver new customer products and features.
4. Have experience building in-house and integrating third party products.
5. Strong commitment to excellence.

Skills

• Communications Skills
• Operations
• Strategic Thinking
• Team Collaboration