Legal Counsel, Wintermute
More information about location
3-5 days a week in office
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
3-5 days a week in office
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
- 2-5 years of experience practicing law (qualified) at a top-tier law firm or as in-house counsel for a firm specialized in financial services, fintech and/or crypto
- Experience working in a high-performance, dynamic and high-growth environment is strongly preferred; self-motivation and drive is essential
- 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
- General knowledge of regulatory themes in relation to proprietary trading and financial services. Deeper understanding of regulatory aspects in some of the key jurisdictions (UK, Singapore, US, Europe) is a plus, as well as some familiarity with cry[pto regulatory topics
- General understanding of the crypto industry is a plus, i.e. types of tokens, token governance, DAOs, blockchain foundations; willingness to learn quickly is critical
- Curiosity and interest to learn other areas of law and business quickly
- 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)
- The candidate should either have experience in digital asset markets or in traditional financial markets and can easily adapt to the entrepreneurial, varied and highly dynamic nature of Wintermute's business, as well as to the challenges and opportunities specific to the cryptocurrency business
What the job involves
- We are looking for a Legal Counsel who will focus on supporting Wintermute’s various businesses such as OTC and on-exchange trading
- This role will work closely with the business (BD and traders), other legal team colleagues and will cover all jurisdictions where Wintermute and its counterparties are currently active
- You will have the opportunity to shape derivatives templates and approaches that best balance the business growth objectives and risk
- 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)
- Regulatory research & compliance guidance: work closely with the rest of legal and compliance team to monitor the legal and regulatory landscapes across jurisdictions; support financial regulatory compliance under each regulatory regime (FCA, MAS, SEC, CTFC, etc.); advise and support guidance on regulation of decentralized finance and protocols
- Help with the design and implementations of efficient processes and tools required for cross-department collaboration, regulatory compliance or new licensing
- Other legal projects: get involved in a wide range of wider legal topics depending on skills, preferences and company needs, These could range from commercial disputes/litigation, to employment, to corporate topics
Salary benchmarks
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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