itBit is part of the Paxos family, whose mission is to modernize finance by mobilizing assets at the speed of the internet. As a global exchange and custodian, itBit offers institutional and retail investors a regulated platform to buy, sell and hold crypto assets. In 2015, itBit obtained a New York State trust company charter and became the first regulated Bitcoin exchange in the U.S. A regulated financial services company based in New York City, itBit is focused on meeting the sophisticated needs of institutions, active traders and other crypto asset trading professionals.
Our Products include:
Paxos Standard (PAX) is the world’s first regulated crypto asset, fully collateralized 1:1 by the U.S. dollar. This stablecoin offers a liquid, digital alternative to cash that is available 24/7 for instantaneous transaction settlement around the world. Launched in September 2018, it’s the most traded USD-backed stablecoin.
Precious Metals: Based in London, our precious metals team works on a broad suite of products to simplify precious metals post-trade confirmations. The team launched Paxos Confirmation Service earlier this year. Since launch, the Paxos Confirmation Service has confirmed well over 100,000 trades with aggregate notional values in the hundreds of billions of dollars.
We are looking for an OTC Trader to join our rapidly growing FinTech company. The OTC Trader will be a key player in the OTC settlement process, building an OTC client base and building a network of OTC liquidity partners.
Who You Are:
You have 3-5 years of middle office/front office and trading experience under your belt
You have strong trade execution, communication and cryptocurrency expertise with the ability to effectively execute high volume OTC trades and facilitate the settlement process for multiple asset types
You are comfortable working in a tech-driven environment with the ability to coordinate across several stakeholder groups (Engineering, Operations, Marketing, HR).
You have the ability to think on your feet and adapt to changing priorities and demands
You embody our culture and values
What you’ll do:
You’ll help to build the network of OTC liquidity partners and develop a stable inflow of new OTC clients leveraging relationships in existing itBit client base as well as proactively engaging new institutions to establish ongoing trading relationships.
You’ll own the OTC settlement process and understand the exchange, trade execution, market dynamics, working with the operations department to assist in the settlement of trades executed on the OTC desk.
You’ll develop strong client relationships with OTC participants.
itBit is an equal opportunity employer. It does not discriminate on the basis of sex, age, color, race, religion, marital status, national origin, ancestry, sexual orientation, physical and mental disability, medical condition, genetic information, veteran status or any other basis protected by federal, state or local law.
You’ll develop and deliver innovative trading solutions for ICG clients that do not have toolkits or playbooks (i.e. never been done before at itBit or never been done period) but have a significant impact on the business.