Location:
New York, NY / Hybrid
It’s rare that a new asset class is born. Nevertheless, we’re witnessing exactly that with the rise of crypto. Over just the last few years, crypto has evolved from an embryonic $50B market to a growing $3T+ juggernaut. At Bitwise, we believe that crypto has reached a turning point, and is headed north of $10T over the next few years.
This is an exciting moment for Bitwise as a firm. For seven years, we have established a track record of excellence managing a broad suite of index and active solutions across ETFs, separately managed accounts, private funds, staking solutions, and hedge fund strategies. This year, we crossed $12B in client assets and are growing quickly. Thousands of financial advisors, family offices, and institutional investors partner with Bitwise to understand and access the opportunities in crypto. We are known for providing unparalleled client support through expert research and commentary, a nationwide client team of crypto specialists, and deep access to the crypto ecosystem.
Currently, Bitwise is a close-knit team of 90+ professionals. Think of us as a mix of an asset manager and a tech start-up. We’re backed by some of the most accomplished investors in venture capital and veterans of the financial services world. We love working together, we love what we do, and we’re excited about what’s ahead.
We’re looking for an exceptional individual to join our team and take on important responsibilities to help Bitwise scale. You will report to the Head of Investor Relations and will be responsible for ongoing support to a wide range of clients. You will also collaborate closely with teams internally to optimize the client experience. The ideal candidate has expertise in Client Service or Investor Relations in the TradFi or Alternative Investments Industry.
As a member of the Index Portfolio Management & Capital Markets team you will professionally manage Bitwise’s suite of index products including ETFs, private funds and SMAs. In this daily production environment, you will ensure tight portfolio performance to benchmarks while keeping top of mind all procedures and controls to minimize operational risk and trading errors. You will provide timely trade execution for subscriptions/redemptions and create/redeems, all index rebalances and model changes, in accordance with the investment objectives of the portfolios. You will work with our internal sales team, and third party market makers and authorized participants, to support the orderly operation and execution in primary markets and trading in secondary markets of Bitwise ETF and ETP products. You will manage relationships to support efficiencies in product design, listing, quotation and daily operations. This role will be based in our NYC office and will have a hybrid work schedule.
What You Will Do
- Portfolio Management:
- Manage index portfolios in multiple wrappers (ETFs, private funds, SMAs) within assigned parameters and tolerance levels.
- Understand asset valuations in portfolios utilizing market information.
- Follow procedures and processes, monitor portfolio activity and performance.
- Recognize portfolio risk situations and escalate appropriately.
Portfolio Trading: Execute trades in multiple workflows, minimize transaction impact and cost. Trade multiple asset classes including equities, futures, options, T-bills and crypto currencies.Run a full trading lifecycle from PM order to trade execution to settlement.
Capital Markets:Manage relationships with authorized participants, broker dealers, electronic market making firms for Bitwise ETFs.Maintain ETF monitoring capability to continuously monitor market quality across Bitwise’s publicly traded products.Effectively communicate, both orally and in written form, with a diverse group of junior and senior parties, both internal and external.Collect, consolidate and interpret company and industry data.Prepare client presentations, including compiling data and assembling presentation materials.Support drafting of prospectuses, related documentation and marketing materials for new fund launches.Liaise with other internal teams including sales and trading, investor relations, fund administration, research and legal.Support new product launches.
Who You Are
- You have 3-5 years of experience in equity ETFs, index portfolio management and capital markets.
- You have experience managing and/or trading equity index portfolios.
- You have a solid understanding of the index portfolio management process including index methodology and trading strategies.
- You have a well-developed understanding of ETFs, secondary market trading, and liquidity.
- You have an understanding of the ETF arbitrage mechanism, creation and redemption processes, and trade execution costs.
- You have hands-on experience working with market makers, authorized participants, and broker-dealers.
- You have strong technical and analytical skills (Bloomberg and Advanced Excel).
- Knowledge in SQL and a coding language such as VBA, Python, or Java is a plus.
- Experience analyzing large data sets preferred.
- Excellent written and verbal communication skills and attention to detail.
- A strong will to learn and desire to be challenged.
- Ability to work well in a fast paced, team environment.
- Self-directed, highly motivated, and able to work independentlyYou have a deep interest in cryptocurrency markets. Experience investing in crypto is a plus.
What We Offer
- Compensation: $105,000 - $125,000 salary + equity
- Equity compensation as a component of all offers
- Health insurance, including dental and vision plans
- Health, Dependent Care, and Commuter Flexible Spending Accounts
- Paid Parental Leave
- Life insurance; short- and long-term disability plans
- Unlimited PTO
- Company funded 401(k) plan, no matching required
- 10 paid company-wide holidays
- Office spaces in San Francisco and New York
- Meals and snacks provided in the office
- Paid company cell phone
- Bitwise “Buddy” program (30-day new-hire success program)
- Annual birthday and anniversary gifts
- Company-wide events including the annual holiday party
- Internal Women of Bitwise group with fun events
Bitwise is an equal opportunity employer. We are committed to building a team of people with a variety of backgrounds, perspectives, and skills. It is the policy of Bitwise to ensure equal opportunity. All candidates are considered without regard
to race, color, religion, national origin, age, sex, sexual orientation, gender identity, marital status, ancestry, physical or mental disability, veteran status, or any other legally protected characteristics.
