Crypto Lending Sales Trader in Work From Home at TradeStation

Date Posted: 1/15/2021

Job Snapshot

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Job Description

Crypto Lending Sales Trader
TradeStation is an on-line brokerage firm seeking to level the playing field for self-directed investors and traders, empowering them to claim their individual financial edge.  At TradeStation, we're continuously pushing the boundaries of what's possible, encouraging out-of-the-box thinking and relentless search for innovation.  We offer a collaborative and flexible work environment, competitive salaries, comprehensive benefits and an unlimited PTO policy.
We are currently seeking an Crypto Lending Sales Trader to work with our Cryptocurrency Lending team at TradeStation Crypto, Inc (TCI).  The successful candidate will have a diverse skill set and will be trained to identify assets that are in demand in the lending market, ensure that transactions are fully collateralized and that we operate within the risk parameters set for the business.   
Business Development:
  • Identify new counterparty prospects, initiate first conversation and description of our program
  • Capture and summarize the prospect’s business activities and possibilities for partnership with TCI to pursue mutually beneficial opportunities
Business Review and System Improvement:
  • Partner with internal and external stakeholders including fintech providers and lending counterparties to identify opportunities to enhance the product offering with a focus on increased efficiencies and effective risk management
  • Ensure that current workflows are aligned with industry practice and recommend improvements where necessary
  • Actively participate in defining and scoping business requirements
  • Perform QA and UAT testing as needed
Counterparty Management:
  • Maintain and update our documentation and tracking of counterparties both approved and prospective
  • TCI onboarding: Manage the documentation and follow-up questions as prospective counterparties work through and complete the TCI onboarding process
  • Counterparty onboarding: Gather and submit the documentation and respond to the follow-up questions as TCI completes the external counterparty’s onboarding process
  • Counterparty credit limit monitoring and management: Record and maintain accurate credit limit values in both the spreadsheet and on the ZH lending platform
  • Documentation storage:  Capture, store, maintain all MLA’s, Term Sheets, and confirmations
  • MLA parameter tracking:  Capture parameters for newly executed agreements, maintain the reference sheet
  • Procedure documentation: updates and new procedures
Crypto Lending Loan Management:
  • Manage interactions and communication around Crypto Loan Lifecycle Activities with both internal and external stakeholders, including margin call issuance and collateral release validation, recalls, returns, maturities and Terminations, along with settlement instruction
  • Communicate with the team before, during and after monitoring
  • Monitor and respond to Crypto Lending alerts, including Margin Call alerts, Collateral Release thresholds and Maturities
  • Spreadsheet update and ZH lending platform update for loan management
  • Accrual sheet and SmartSheet updates
  • System lending UI updates for loan amounts and rates, including confirmations on customer accrual payments
  • Loans outstanding and collateral reconciliation
  • Accruals: Monthly accrual recon with all counterparties.  Monthly accrual invoicing with all counterparties.  Ensure receipt of all monthly accrual amounts due.
  • Demonstrate ability to manually calculate collateralization levels and collateral quantities across the range of loan management workflows
  • Demonstrate and articulate passion for and understanding of Cryptocurrency and Blockchain technologies
  • Knowledge of a wide range of financial instruments, products and technologies
  • Proven competencies in data analytics
  • Excellent oral and written communication skills with a customer-focused, regulatory-awareness attitude
  • Self-motivated with ability to handle multiple, complex issues simultaneously and prioritize in demanding situations
  • Detail-oriented, results focused individual who can work with minimal supervision
  • Ability to work effectively in a team environment
  • Ability to work quickly and accurately in a fast-paced, dynamic environment
  • Bachelor’s Degree
  • 2-3 years of experience in the financial industry