As an Execution Trader within the Ethena trading team, you will contribute to a small group that manages the operations, trading and positioning of the backing assets of USDe. This includes the movement of collateral between custodians, operating an in-house automated execution platform, and communicating with key internal stakeholders. This role is one of high trust, demanding flexibility to respond to events in a 24/7 market place. You and your team's execution outcomes are highly visible at the core of what drives Ethena's products.
What You'll Do
- Portfolio Management activities that contribute to the management of USDe's backing assets, including spot digital assets, derivatives positions, as well as deployments in DeFi money markets.
- Execute trades efficiently using in house proprietary algorithms, adhering to strict risk parameters and market conditions.
- Collaborate with your peers to ensure seamless trading coverage principally during your locations working day (US or Asia), but also when the occasion requires it, in an extended time window aligning with the Head of Trading's needs.
- Contribute to the creation and prioritisation of features requested of engineering to supplement and mature existing tooling.
- Monitor real-time market risks (liquidity, volatility, counterparty) and adjust positions to minimise exposure.
- Provide regular updates to the Head Trader on portfolio performance, trade outcomes, and market conditions.
Application link: https://jobs.lever.co/ethenalabs/7beff877-b93d-4bd8-ae73-4e4040696efd