Counterparty Risk Analyst

Responsibilities

• Develop and maintain the firm risk management strategy.
• Perform credit due diligence assessments of counterparty and exchanges, assigning and monitoring credit limits.
• Implement sound risk management processes, risk metrics, monitoring and escalation tools for our digital assets activities and expending traditional markets activities.
• Proactively help enhance the risk framework across derivatives and spot products.
• Analyse market trends, reports, statistics, and relevant documentation, then inform relevant stakeholders as appropriate.
• Work closely with Middle Office on trade life cycle events such as margin calls, trade settlement and collateral management.
• Partner with Legal and Business Development teams to review and negotiate risk-related terms in ISDA and other trading agreements.
• Ensure the risk framework remains compliant with evolving broker-dealer regulatory standards and internal governance protocols.
 

Hard Skills Requirements

• Bachelor’s degree in a quantitative or relevant business subject.
• 1-5 years’ experience in Risk Management with Credit Risk being an advantage or relevant responsibilities in a top tier/high performance financial institution. We are also open to seeing candidates with other risk experience who are willing to transition to counterparty credit risk.
• Understanding of broker-dealer regulations and governance, including familiarity with FINRA requirements is a bonus.
• Understanding of OTC trading workflows and the trade life cycle of derivatives and spot products with a strong quantitative skills and high confidence working with numbers, large datasets.
• Strong commercial acumen that includes ability to take calculated risks, proactively identify and mitigate risks, develop tailored solutions (vs one size fits all “by the book” approach). 
• Strong communication skills, the ability to understand when escalation is required.
• Entrepreneurial and hands-on attitude, understanding the trade off between growth and risk.

Strong Preference to have

• Experience with databases/SQL/reading and writing simple Python scripts would be a significant advantage.
• Deep practical knowledge of traditional financial instruments, including equities, options, futures, and FX.
• Experience with the crypto markets is an advantage but not required; you should be able to quickly understand how crypto markets may be different.

Other Requirements

• Have an owner mentality: take ownership of tasks and projects.
• A drive to understand the business beyond its own role to add value to the overall business.
• Keen to get involved with the different areas of Risk Management. You should be comfortable working in a very non-hierarchical organization without necessarily having direct reports.
• Determined, ambitious yet humble, willing to work hard and learn on the way.
• Like meritocracy and being judged by what you deliver.
• Have an entrepreneurial mindset; prepared to work non-standard working hours when necessary (since we are a pivotal player in the crypto markets that don’t stop 24/7).
• Like working in the team collaborative environment.

Why you should join our dynamic team

• Opportunity to work at the world's leading algorithmic trading firm in digital assets.
• Engaging projects offering accelerated responsibilities and ownership growth compared to traditional finance environments.
• Great company culture: informal, non-hierarchical, ambitious, highly professional yet with a startup vibe, collaborative and entrepreneurial.
• A vibrant working culture with team events, celebrations and company wide team building events.
• A cool office in the heart of New York City which often hosts some of the leading industry events.
• A performance-based compensation with a significant earning upside alongside standard perks like private medical insurance.

Note

• Please ensure you are eligible to work in the US, at the moment Wintermute USA is unfortunately not able to sponsor US visas; if visa is a consideration for you, feel free to apply to the UK or Singapore offices where we offer visas and potential longer term reallocation to the US.