Counterparty Risk Analyst
Wintermute
IT
New York, NY, USA
Posted 6+ months ago
About Wintermute
Wintermute is one of the largest algorithmic trading companies in digital assets. We provide liquidity algorithmically across all major cryptocurrency exchanges and trading platforms, a broad range of OTC trading solutions as well as support high profile blockchain projects and traditional financial institutions moving into crypto. Wintermute is not just a trading company, it is one the most prominent and influential players in the digital asset markets: we are connected and partnering with all major players in the industry, we actively participate in the development of the blockchain ecosystem through investments, partnerships, and incubation of projects. You can read more here.
Working at Wintermute Americas
Wintermute is a global company with offices in London and Singapore. It opened its US office in early 2025 and it is set to grow significantly over the next several years. It’s a unique opportunity to play a role in the early rapid expansion of Wintermute Americas.
Working as a Risk Analyst at Wintermute Americas
As Risk Analyst you will be part of the global Risk Management function. The team plays a vital role in Wintermute’s growing OTC and counterparty-facing business, as well as its presence on trading venues by managing and mitigating credit risk. You will also monitor, maintain and help improve the risk management framework for a large number of products and types of counterparties.
You will work closely with senior Business Development managers, traders, lawyers, middle office & trading operations. A strong understanding of the trade life cycle of derivatives and spot will be beneficial.
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 envrionments.
- 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.