Head of Dealing

Kraken is seeking a Head of Dealing to lead the development and implementation of the dealing on account product strategy, ensuring compliance with CySEC regulations while driving business growth. This role involves overseeing derivative contracts, managing relationships with CySEC, and leading risk management strategies.

Overview

Department

Investment & Trading

Job type

Full time

Compensation

Salary not specified

Location

Cyprus, Southern Europe

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Building the Future of Crypto

Krakenites are a world-class team with crypto conviction, united by our desire to discover and unlock the potential of crypto and blockchain technology. Kraken is a mission-focused company rooted in crypto values. As a Krakenite, you’ll join us on our mission to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. For over a decade, focus on our mission and crypto ethos has attracted many of the most talented crypto experts in the world.

Before you apply, please read the Kraken Culture page to learn more about our internal culture, values, and mission. We also expect candidates to familiarize themselves with the Kraken app. Learn how to create a Kraken account here.

As a fully remote company, we have Krakenites in 70+ countries who speak over 50 languages. Krakenites are industry pioneers who develop premium crypto products for experienced traders, institutions, and newcomers to the space. Kraken is committed to industry-leading security, crypto education, and world-class client support through our products like Kraken Pro, Desktop, Wallet, and Kraken Futures.

Become a Krakenite and build the future of crypto!

The Team

The Dealing Team within the Trading Group is responsible for developing and managing some of Kraken’s regulated derivative products, allowing our clients to gain exposure to interest/income-bearing securities through our low latency APIs and high-performance user interfaces. This team plays a crucial role in regulated European markets under CySEC oversight.

Key Responsibilities

Lead the development and implementation of the overall dealing on account product strategy, roadmap, and business plan

Oversee the design and execution of derivative contracts, ensuring compliance with CySEC regulations and MiFID II requirements and regulatory reporting requirements

Collaborate with key stakeholders to define detailed product and business requirements, with a focus on risk management and regulatory compliance

Manage the relationship with CySEC, ensuring ongoing compliance with dealing on account permissions and related regulations

Work closely with the Compliance and Risk Officers of the European derivatives entity to maintain regulatory standards

Oversee robust risk management strategies for hedging the company's exposure from derivative contracts

Oversee the creation and maintenance of Key Information Documents (KIDs) for derivative contracts

Lead the development of internal policies and procedures related to dealing activities

Monitor market trends and competitive landscape to identify opportunities for product enhancement and expansion

Collaborate with marketing and sales teams to develop strategies for promoting the dealing on account products within regulatory constraints

Foster a culture of compliance and innovation

Maintain accurate records of all dealing activities

Participate in regulatory audits and examinations, providing necessary documentation and explanations of our dealing activities

Skills You Should HODL

Minimum 4 years of experience in a senior role within derivatives trading or related financial products

In-depth knowledge of CySEC regulations, particularly those related to dealing on account permissions and MiFID II

Experience working within a MiFID II regulated firm

Experience with Total Return Swaps and leveraged financial instruments

CySEC Advanced certification

Proven track record of managing derivative products in a regulated environment

Strong understanding of risk management principles and practices in the context of derivatives trading

Experience in cryptocurrency markets and understanding of blockchain technology

Excellent leadership and team management skills

Strong analytical skills with the ability to interpret complex financial data

Proficiency in financial modelling and valuation techniques for derivative products

Familiarity with trading systems, APIs, and market data platforms

Outstanding communication skills, both written and verbal, with the ability to explain complex concepts to various stakeholders

Nice to haves

Bachelor's degree in Finance, Economics, Mathematics, or a related field

Experience working with CySEC or other European financial regulators

Knowledge of cryptocurrency derivatives and their unique market dynamics

Understanding of market making and liquidity provision in derivatives markets

Experience in implementing and managing automated trading systems