Associate Derivatives Salestrader Jobs

Who are we?
FalconX is one of the fastest-growing startups in FinTech. We are redefining prime brokerage from the ground up.
We are backed by some of the best investors in the world including Accel, American Express, B Capital, Coinbase, Fidelity, Lightspeed Venture Partners, Fenbushi Capital and Tiger Global Management + more yet to be publicly disclosed.
We deliver institutional digital asset traders best-in-class trading, credit, custody and structured products. We trade, lend and secure tens of billions of dollars monthly, and we're growing fast. We need your help!
We are data-driven. Whether it's a growth or product decision, we believe data can always help us make more precise and informed choices.
We move fast. Speed of execution is essential for any startup, but we believe this is even more pertinent in our 24/7 industry.
We prioritize learning. Outcomes are mission-critical, but we also believe that learning in success and in failure will drive our continued success. Our industry is emergent - there’s no shortage of experiments to get involved with and to continue growing and learning together.
FalconX has offices in San Mateo, Chicago, New York, Bangalore, Malta, and Singapore.
Who is on the team?
We are entrepreneurs. Many in our company have been founders or have aspirations to eventually start their own company. We take these ambitions and experiences to bring a solutions-oriented mindset to the problems we encounter day-to-day.
We are experienced. We have been fortunate to have learned from mentors and peers at institutions such as Google, LinkedIn, JUMP Trading, Citadel, PEAK6 Investments, Goldman Sachs, Harvard Business School, Carnegie Mellon, IIT + more.
Daily responsibilities (“You Will”)

• Risk reporting to the management on a daily basis.
• Manage client relationships and build the book of business.
• Manage daily liquidity and inventory of positions.
• Involvement in analytics development efforts to measure, monitor and manage day to day risks.
• Manage cross-functional work streams to build the desk.
• Generate ideas and provide solutions for bespoke needs of clients.
• Optimize collateral usage on an ongoing basis to maximize return on capital and mitigate exchange risk.
• Lead derivatives trade executions to face clients and hedge these trades with Liquidity providers.
• Support the management of a risk book of cryptocurrency derivatives to generate superior risk-adjusted pnl to the tune of 100% return on capital.
• Provide support to the product team towards building options platform.
• Be a contributing member of the 24x7 derivatives desk coverage team.

Past Experience (“You Have”)

• Experience managing risk of multi-instrument OTC positions.
• Experience in managing derivatives risks.
• Experience managing at least $50mm of risk capital.
• Trade execution experience with both OTC and electronic venues.
• Been on a team of multiple traders in the trading group.
• 3-7 years of experience managing an OTC derivatives book.

12 month goals and KPIs

• Exposure to the deployment of $50 mm in capital that generated 100% annualized returns.
• Support growth of the derivatives trading team with 24x7 coverage and streamline processes.

Compensation

• Base: $ 200k
• Equity incentives: TBD
• Cash Incentives: TBD% of the net returns on the derivatives book.