Junior Trader/Portfolio Manager
Superstate
New York, NY, USA
Posted on Feb 8, 2025
At Superstate, we create investment products that benefit from the speed, programmability, and compliance advantages of blockchain tokenization.
The role of Junior Trader/Portfolio Manager combines idea generation and trading execution with portfolio management responsibilities in a dynamic crypto-native environment. As a portfolio manager at Superstate, you will execute the investment strategy and manage the day-to-day operations and trading of various funds alongside the Investment Team. You will also have the opportunity to improve the tools, processes, assets, and strategies of both current and future funds.
The Junior Trader/Portfolio Manager will execute daily trading strategies, manage risk, and optimize returns for the Superstate Crypto Carry Fund (USCC). This role requires a blend of technical proficiency, market analysis, and collaboration with senior team members to maintain portfolio alignment with fund objectives. The ideal candidate thrives in fast-paced markets and has a proven interest in crypto/DeFi.
What you'll do
- Oversee a portfolio consisting of tokenized T-bills, BTC, ETH, futures and forwards, options, staked assets, cash, and stablecoins
- Monitor real-time market data (price, volatility and rates) to optimize yield and risk of the portfolio
- Identify arbitrage, carry, and yield-generating opportunities in crypto markets
- Execute spot and derivatives trades across TradFi/CeFi exchanges, OTC desks and DeFi protocols using voice, electronic and algorithmic trading
- Implement hedging strategies to mitigate market and counterparty risks
- Minimize slippage and transaction costs while maintaining liquidity
- Forecast, reconcile, and manage the books and records of the portfolio to be always up-to-date, accurate, and actionable
- Settle the books and records of the portfolio and the Fund's accounts every day
- Work cross-functionally to identify, diligence and implement trading infrastructure and tools to optimize all facets of fund management
- Analyze performance metrics (PnL, Sharpe ratio) and report findings to senior stakeholders
- Provide market commentary and actionable insights to inform fund strategy
- Contribute to the development of fund materials including tear sheets and presentations
- Identify new investment strategies and contribute to the development of new funds
What you'll bring to the team
- Bachelor’s degree in Economics, Finance, Mathematics or a related field
- 2+ years of relevant professional experience (eg working on a trading desk or portfolio management team)
- Proven track record in calculating bond yields, trading rates, managing futures or forwards, and executing options trades
- Technical proficiency with trading tools and excel
- Incredibly strong attention to detail, organizational skills, and communication skills
- Exceptional judgment, strategic thinking and creative problem-solving skills with a strong analytical mindset
- Incredible level of initiative, autonomy and ability to multi-task and manage varied, changing demands at a fast-paced technology startup
- Strong understanding of crypto, staking, and DeFi protocols
Bonus attributes
- Relevant graduate degree
- CFA/CAIA certification or progress toward it
- Track record of managing live capital (even in personal accounts)
- Experience with PMS/OMS/EMS systems
- Familiarity with SQL, Python, etc.
Benefits & Perks
- Competitive compensation
- Growth opportunities to advance to Senior Portfolio Manager with autonomy over fund strategies
- Equity ownership
- Flexible vacation policy
- Paid parental leave
- Full medical, dental, and vision insurance
We are an equal opportunity employer and value diversity at our company. We welcome qualified candidates of all races, creeds, genders, age, veteran status and sexuality to apply.
Founded in 2023, Superstate is backed by leading investors including Distributed Global, CoinFund, Breyer Capital, Galaxy, ParaFi, 1kx, and Cumberland.
