Job description
Building the Future of Crypto
Our Krakenites are a world-class team with crypto conviction, united by our desire to discover and unlock the potential of crypto and blockchain technology.
What makes us different?
Kraken is a mission-focused company rooted in crypto values. As a Krakenite, you’ll join us on our mission to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. For over a decade, Kraken’s focus on our mission and crypto ethos has attracted many of the most talented crypto experts in the world.
Before you apply, please read the Kraken Culture page to learn more about our internal culture, values, and mission. We also expect candidates to familiarize themselves with the Kraken app. Learn how to create a Kraken account here.
As a fully remote company, we have Krakenites in 70+ countries who speak over 50 languages. Krakenites are industry pioneers who develop premium crypto products for experienced traders, institutions, and newcomers to the space. Kraken is committed to industry-leading security, crypto education, and world-class client support through our products like Kraken Pro, Desktop, Wallet, and Kraken Futures.
Become a Krakenite and build the future of crypto!
Proof of work
The team
The Dealing Team within the Trading Group is responsible for developing and managing some of Kraken’s regulated derivative products, allowing our clients to gain exposure to interest/income-bearing securities through our low latency APIs and high-performance user interfaces. This team plays a crucial role in regulated European markets under CySEC oversight.
The opportunity
As the Head of Dealing, you will be instrumental in establishing and growing our dealing on account permission products, ensuring compliance with CySEC regulations while driving business growth. Your responsibilities will include:
Lead the development and implementation of the overall dealing on account product strategy, roadmap, and business plan
Oversee the design and execution of derivative contracts, ensuring compliance with CySEC regulations and MiFID II requirements and regulatory reporting requirements
Collaborate with key stakeholders to define detailed product and business requirements, with a focus on risk management and regulatory compliance
Manage the relationship with CySEC, ensuring ongoing compliance with dealing on account permissions and related regulations
Work closely with the Compliance and Risk Officers of the European derivatives entity to maintain regulatory standards
Oversee a robust risk management strategies for hedging the company’s exposure from derivative contracts
Oversee the creation and maintenance of Key Information Documents (KIDs) for derivative contracts
Lead the development of internal policies and procedures related to dealing activities
Monitor market trends and competitive landscape to identify opportunities for product enhancement and expansion
Collaborate with marketing and sales teams to develop strategies for promoting the dealing on account products within regulatory constraints
Foster a culture of compliance and innovation
Maintain accurate records of all dealing activities
Participate in regulatory audits and examinations, providing necessary documentation and explanations of our dealing activities
Skills you should HODL
Minimum 4 years of experience in a senior role within derivatives trading or related financial products
In-depth knowledge of CySEC regulations, particularly those related to dealing on account permissions and MiFID II
Experience working within a MiFID II regulated firm
Experience with Total Return Swaps and leveraged financial instruments
CySEC Advanced certification
Proven track record of managing derivative products in a regulated environment
Strong understanding of risk management principles and practices in the context of derivatives trading
Experience in cryptocurrency markets and understanding of blockchain technology
Excellent leadership and team management skills
Strong analytical skills with the ability to interpret complex financial data
Proficiency in financial modelling and valuation techniques for derivative products
Familiarity with trading systems, APIs, and market data platforms
Outstanding communication skills, both written and verbal, with the ability to explain complex concepts to various stakeholders
Nice to haves
Bachelor’s degree in Finance, Economics, Mathematics, or a related field
Experience working with CySEC or other European financial regulators
Knowledge of cryptocurrency derivatives and their unique market dynamics
Understanding of market making and liquidity provision in derivatives markets
Experience in implementing and managing automated trading systems
#LI-Remote
This job is accepting ongoing applications and there is no application deadline.
Please note, applicants are permitted to redact or remove information on their resume that identifies age, date of birth, or dates of attendance at or graduation from an educational institution.
We consider qualified applicants with criminal histories for employment on our team, assessing candidates in a manner consistent with the requirements of the San Francisco Fair Chance Ordinance.
Kraken is powered by people from around the world and we celebrate all Krakenites for their diverse talents, backgrounds, contributions and unique perspectives. We hire strictly based on merit, meaning we seek out the candidates with the right abilities, knowledge, and skills considered the most suitable for the job. We encourage you to apply for roles where you don’t fully meet the listed requirements, especially if you’re passionate or knowledgable about crypto!
As an equal opportunity employer, we don’t tolerate discrimination or harassment of any kind. Whether that’s based on race, ethnicity, age, gender identity, citizenship, religion, sexual orientation, disability, pregnancy, veteran status or any other protected characteristic as outlined by federal, state or local laws.
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