Execution Trader

Framework Ventures; United States; Remote; USD 100,000 - 150,000; Full time

Benefits offered by this job

Flexible remote-friendly work environment

Opportunities for growth and learning

Collaborative and innovative team culture

Job summary

Framework Ventures is looking for an Execution Trader to join the Ethena Labs trading team. The role involves managing USDe's backing assets and executing trades through proprietary algorithms. Ideal candidates will have senior trading experience, particularly in cryptocurrency markets and strong communication skills. This position offers a flexible remote work environment and opportunities for growth in the decentralized finance sector.

Qualifications

• Senior trader level or higher in electronic or quantitative trading.
• Experience in cryptocurrency markets with exchanges like Binance or Bybit.
• Proficient in Python for data analysis and backtesting.

Responsibilities

• Manage USDe's backing assets and execute trades using proprietary algorithms.
• Collaborate with peers for seamless trading coverage.
• Monitor real-time market risks and adjust positions accordingly.

Skills

Quantitative trading experience

Cryptocurrency markets knowledge

Proficiency in Python

Strong communication skills

Tools

Crypto exchange APIs

Pandas

NumPy

Job description

Execution Trader

Globally Remote

Ethena Labs – Trading

Ethena Labs is at the forefront of the next wave of DeFi, dedicated to building products for modern finance.

Ethena is a synthetic dollar protocol built on Ethereum that provides a crypto-native solution for money, USDe, alongside a globally accessible dollar savings asset, sUSDe.

Our core mission is to provide truly crypto-native financial solutions that are globally accessible and bridge the gap between TradFi and the digital asset economy. We believe in transparency, efficiency, and empowering both individuals and institutions with greater control over their assets.

The Role

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. 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 peers to ensure seamless trading coverage principally during your location's 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 For

• An 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?

Join a forward-thinking, crypto-native company with a mission to revolutionize decentralized finance.

Work alongside a passionate and innovative team that values collaboration and creativity.

Enjoy a flexible, remote-friendly work environment with opportunities for growth and learning.

We look forward to receiving your application and will be in touch after having a chance to review.

We 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. Final hiring decisions are ultimately made by humans. If you would like more information about how your data is processed, please contact us.