The RoleAs 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 DoPortfolio 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.What We're Looking ForAn existing career currently sat in a senior trader level or higher within electronic or quantitative trading.Established professional experience in cryptocurrency markets (perpetual contracts and spot trading) using crypto exchange APIs and order execution workflows with at least two of the following exchanges: Binance, Bybit, Okx, Deribit, Bitget.Proficiency in Python for data analysis, trade evaluation, or backtesting (using Pandas, NumPy, or similar).Strong prioritisation and communication skills required for a high paced, high integrity and high outcomes environment.Why Ethena Labs?You'd be joining a group that has well established itself as one of the most successful crypto-native company's of all time, a group with a mission to revolutionise decentralised finance and it's position in global finance.Work alongside a passionate and innovative team that values collaboration and creativity.Enjoy a flexible, remote-friendly work environment with established opportunities for personal 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:
WebsiteTwitter/XLinkedInWe may use artificial intelligence (AI) tools to support parts of the hiring process, such as reviewing applications, analyzing resumes, or assessing responses. These tools assist our recruitment team but do not replace human judgment. If you would like more information about how your data is processed, please contact us.
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