Risk & Settlement Specialist

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About Seed 

Seed is an innovative financial exchange focused on cryptocurrency and emerging markets. Through its regulated subsidiaries, Seed operates a physical spot market, a regulated derivatives exchange and an innovative settlement system for institutional trading. A fast-growing company, Seed was founded in late 2015 and has since raised over $20m in venture financing to build out the future of trading. Seed recently sold a subsidiary to Dough, Inc., a major Chicago trading group. Seed’s founders, having met at MIT, have been highlighted as some of Chicago’s ’20 in Their 20s’. 

The Seed Culture 

All Seed employees are guided by the following characteristics and core principles: 

  • Independence - an ability to work alone. There is no micromanaging here. Join Seed, pitch ideas and shape the work you do. You will be given responsibility from day one. 
  • Vision - an ability to see the broader picture. We are innovating quickly and challenging the status quo. Seeing where we fit in is critical in making it a reality. 
  • Positivity - a good attitude and respect for others. We’re teammates, not co-workers. 
  • Ambition - an ability and a passion for learning and getting things done. We will champion you, challenge you, and push you to achieve your best – and we expect the same in return. 
  • Empathy - an ability to understand the customer. We do not build products for industry, but with industry. Learn our markets and speak to our end-users. 
  • Adaptability - an ability to respond quickly. We are in a fast-paced industry and so we expect you to be creative when solving a new problem and comfortable under pressure. 

Benefits Offered 

We believe that the best way to succeed is by having a happy, motivated and healthy team. We offer the following benefits: 

  • Healthcare Insurance: Seed currently covers roughly 75% of employee premiums. By the end of the year, Seed will cover 100% of employee’s premiums and contribute to dependents. 
  • Vision Insurance 
  • Dental Insurance 
  • Maternity & Paternity leave 
  • Visa sponsorship 
  • Free Gym 
  • Life insurance 
  • Flexible work schedule 

Investing in Our Employees and Broader Community

We want Seed to have a positive mark on our every employee and our community at large: 

  • Regular Team Building Activities: we like to ‘play’ as a team from ping pong competitions, escape rooms, boat trips and drinks on rooftops. 
  • Continued development and sponsorship of tuition: we invest in our people, paying for specific tuition and conferences as well as ‘study leave’. We have team members preparing for the bar, developers attending conferences and members of our compliance group taking additional qualifications. 
  • Creating a work environment for all: we think it is important to continuously evaluate our workplace ethos to ensure it is a place everyone wants to work and can thrive in. For example, we have developed unconscious bias training for our hiring team. 
  • Seed giving back: Seed has created a free transportation for unemployed Chicagoans to assist them in their search for jobs. We also sponsor different projects, including the arts. 

About the Role
Seed is seeking a Risk & Settlement Analyst to assist in monitoring the Credit, Market and Liquidity risks associated with cryptocurrency spot and derivatives trading on Seed venues. We are seeking a smart, driven individual that can help us manage the risks associated with operating an institutional level cryptocurrency exchange. We are a high performing team looking for an equally ambitious teammate.
Responsibilities 

  • Help to improve Credit, Market and Liquidity risk management capabilities through research and analysis of risks associated with cryptocurrency derivatives trading
  • Build, enhance, and automate risk reporting tools and monitoring
  • Monitor trading activity across Seed venues, using quantitative risk models, to identify and escalate potential risks that may arise 
  • Conduct comprehensive risk reviews of potential and current Seed participants that will be reviewed by Seed Senior Management
  • Create procedures outlining risk monitoring best practices 

Requirements

  • Bachelor’s degree
  • 3+ years of experience as Risk Analyst strongly preferred 
  • Prior experience as a Credit, Market or Liquidity risk analyst preferred 
  • Strong understanding of quantitative risk models
  • Solid understanding of the derivatives industry
  • Solid understanding of cryptocurrency related risks 
  • Ability to learn quickly
  • Willingness to dive in and assist teammates
  • Relevant experience from an exchange, proprietary trading firm or top tier bank
  • Work in Chicago
  • Entrepreneurial and independent

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Location

327 N. ABERDEEN ST. CHICAGO, IL 60607 USA, Chicago, IL 60607

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