Senior Legal Counsel, Wintermute
More information about location
Algorithmic trading firm in digital assets
Be an early applicant
Algorithmic trading firm in digital assets
21-100 employees
Be an early applicant
More information about location
21-100 employees
Company mission
To enable, empower and advance the truly decentralized world for more transparent, fair and efficient markets and products.
Role
Who you are
- The ideal candidate has a combination of traditional financial markets experience and experience in the cryptocurrency industry
- 5-10 years of experience practicing law (qualified), ideally a combination of a top-tier law firm, in-house counsel for a firm specialized in financial services, fintech and in crypto
- Experience working in a high-performance, dynamic and high-growth environment and leading complex projects from problem solving to completion under tight deadlines
- Being hands-on, doing whatever needs to be done and self-motivation are essential (not just reliance on outside counsel or other parties)
- Detailed knowledge of US regulation as it applies to trading firms, including SEC/Finra and CFTC/NFA rules and regulations as applied to proprietary trading crypto firms in the US and abroad
- Solid grasp of US state MTL and federal MSB rules and regulations; familiarity with US prudential regulations and NY Bitlicense Act and/or CA Digital Financial Assets Law a major plus
- Experience responding to data requests and similar requests by various government and commercial parties is strongly preferred
- Good knowledge of dispute resolution/litigation and/or US bankruptcy is strongly preferred
- Good understanding of the crypto industry, i.e. main players, types of tokens, token governance, DAOs, blockchain foundations; willingness to learn in-depth quickly is critical
- Strong grasp of commercial law in relation to financial services, e.g. OTC agreements (spot, derivatives and structured products is a strong advantage), lending agreements, financial services contracts, trading agreements and others is strongly preferred
- Proven ability to see the bigger picture and commercial strategy; quickly understand new functional areas and have a cross-functional mindset
- Strong interest and curiosity in algorithmic trading and decentralized finance
- Detail oriented, commercial hands-on attitude to legal and business problems
- Experience with MS Office. Willingness to quickly learn new tools as required, e.g. Google Suite, CRM, CLM (Ironclad and/or Spotdraft)
What the job involves
- We are looking for a Senior Legal Counsel who will focus on US regulatory matters as they apply to Wintermute business
- This role will focus on regulatory topics as they relate to various Wintermute's businesses, such as on-exchange trading, OTC trading (spot and derivatives) and liquidity provision
- You will have the opportunity to work on a varied set of regulatory topics, as well as commercial disputes and litigation
- Lead US regulatory research and advise the business on the most appropriate implications of such regulations to each of Wintermute business lines
- Keep track of the evolving cryptocurrency regulation (SES, CFTC, FINRA, IRS, etc) as it applies to Wintermute,
- Keep track of a wide range of important ongoing litigation and bankruptcy cases in the US as these may apply to Wintermute’s counterparties
- Lead and coordinate inquiries or information requests from regulators or other third parties
- Lead specific projects related to the topics above as required
- Lead legal-commercial negotiations: draft and negotiate agreements in relation to our business lines (OTC, liquidity provision, exchange agreements, trading agreements, software agreements, and others)
- Other legal projects: get involved in a wide range of wider legal topics depending on skills, preferences and company needs, including commercial disputes/litigation, employment, and corporate projects
Our take
Recent developments in mobile applications and financial tech have resulted in increased demand for digital assets such as cryptocurrencies, and this growing demand is putting pressure on traditional market makers. Ultimately, the increased scale and complexity of the new digital asset landscape has exposed inefficiencies in existing liquidity providers.
Wintermute uses an algorithmic approach to provide market-making services that facilitate digital asset liquidity with long-term scaling and efficiency in mind. The company currently provides its market-making services to over 50 centralized and decentralized trading platforms, including Binance, Coinbase, and Kraken.
The company has taken a unique approach towards market making by operating with the assumption that digital asset markets are only going to get bigger and more complex. By streamlining the market making process with algorithmic automation and thus optimizing efficiency, Wintermute presents itself as a future-proof solution for the rapidly scaling digital asset industry.
Kirsty
Company Specialist
Insights
Company
Employee endorsements
Nice people
"Very nice, motivated colleagues. Culture is strong, activities such as events and even an annual outing allows you to connect and make friends...."
Funding (last 2 of 4 rounds)
Jan 2021
$20m
SERIES B
Jul 2020
$2.8m
SERIES A
Total funding: $24.8m
Company benefits
- A unique opportunity to work on very interesting projects, get the level of responsibility and ownership that would be unlikely at any other project or trading firm
- A unique opportunity to join one of the strongest and most successful DeFi teams globally
- With Wintermute you don’t make a bet on a single product, platform, chain or technology; we’ll win if DeFi wins as a whole
- Great company culture: informal, non-hierarchical, ambitious, highly professional yet collaborative and entrepreneurial
- Option to work from London or Singapore offices, as well as remotely; we generally prefer at least 60% working from the office but are open to remote candidates
- Aligned incentive structure: high upside from performance-based variable pay with very transparent bonus system
- We offer standard perks too, like pension, private health insurance and free food, but that’s probably not the right reason to join us
Company values
- Ambitious: We set the most ambitious goals. We set the highest standards for ourselves and work hard. We play to win
- Collaborative: We go above and beyond to help our partners and counterparties grow. We work as a team, not as siloed groups and individuals. We are united by common goals and values
- Entrepreneurial: We love building new innovative things. We move very fast and focus on the results. We empower everyone from day 1 to act like an owner
- Meritocratic: We are non-hierarchical, informal, and direct. We focus on results above seniority and experience. We generously reward results
Company HQ
Westminster, London, UK
Articles
Leadership
Evgeny Gaevoy
(CEO)Holds an Executive MBA from London Business School. Joined Optiver as an Index Derivatives Trader, and was eventually made Head of ETF Business Expansion.
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