Derivatives Trader, NYC

• BitGo is the leading infrastructure provider of digital asset solutions, delivering custody, wallets, staking, trading, financing
• settlement services from regulated cold storage. Since our founding in 2013, we have focused on enabling our clients to securely navigate the digital asset space. With a global presence and multiple Trust companies, BitGo serves thousands of institutions, including many of the industry's top brands, exchanges
• millions of retail investors worldwide. As the operational backbone of the digital economy, BitGo handles a significant portion of Bitcoin network transactions and is the largest independent digital asset custodian
• staking provider, in the world. For more information, visit www.bitgo.com .
• We are seeking an experienced and highly accomplished Senior Derivatives Trader to join our growing trading organization in New York City. This role will play a critical role in building and scaling BitGo's institutional derivatives trading capabilities and will be responsible for developing and executing sophisticated trading strategies across digital asset markets, managing significant risk exposures
• identifying opportunities to generate attractive risk-adjusted returns.
• The ideal candidate will bring 8+ years of professional derivatives trading experience, a proven track record of trading and risk management across complex market environments
• a deep understanding of derivatives markets and market structure. You will serve as a senior member of the trading organization, partnering closely with leadership, sales, risk, product, engineering, operations
• compliance to shape BitGo's trading strategy and capabilities.
• This is an opportunity for a seasoned trading professional to have significant impact at the intersection of traditional financial markets and digital assets, helping build an institutional-grade derivatives trading platform within one of the industry's leading digital asset infrastructure companies

What You’ll Do

• Trading & Execution:
• Lead the execution and management of sophisticated derivatives trading strategies across digital asset markets, including futures, perpetuals, options, and structured products.
• Identify, evaluate, and capitalize on trading opportunities across global digital asset markets.
• Manage significant trading positions and exposures while maintaining disciplined adherence to established risk parameters.
• Develop and implement strategies designed to generate attractive risk-adjusted returns across varying market conditions.
• Apply deep market experience and judgment to optimize execution, pricing, liquidity, and position management.
• Serve as a senior trading resource and provide mentorship and guidance to other members of the trading organization.
• Partner with senior leadership to establish trading priorities, strategies, and objectives as the business scales.
• Market Analysis & Strategy:
• Develop sophisticated views on digital asset markets, derivatives curves, volatility surfaces, funding rates, basis, liquidity, and market structure.
• Identify and evaluate relative value, arbitrage, basis, volatility, and other complex trading opportunities.
• Develop and refine trading strategies based on market conditions, quantitative analysis, fundamental research, and market intelligence.
• Assess macroeconomic, regulatory, competitive, and industry developments and their potential impact on digital asset markets.
• Help define and evolve BitGo's overall derivatives trading strategy and market approach.
• Bring institutional market expertise and perspective to the development of new trading products and capabilities.
• Risk Management:
• Own and actively manage trading risk across assigned strategies and portfolios within established risk frameworks.
• Monitor P&L, position limits, liquidity, counterparty exposure, margin requirements, and other key risk metrics.
• Make informed, timely decisions around position sizing, hedging, leverage, and risk allocation.
• Partner with senior risk and leadership teams to establish appropriate risk parameters and controls.
• Identify emerging market and portfolio risks and proactively develop mitigation strategies.
• Maintain a high standard of risk discipline and operational excellence across all trading activities.
• Business & Strategic Leadership:
• Partner with senior leadership to shape the growth and strategic direction of BitGo's derivatives trading business.
• Provide market expertise and trading insights that influence product, technology, risk, and commercial strategy.
• Help evaluate new markets, exchanges, counterparties, products, and trading opportunities.
• Contribute to the development of institutional trading infrastructure, processes, and controls.
• Build and maintain strong relationships across institutional trading, liquidity, exchange, and market-making ecosystems.
• Represent BitGo's trading organization with credibility and professionalism across the broader financial and digital asset markets.
• Cross-Functional Collaboration:
• Partner closely with Sales, Trading, Risk, Operations, Product, Engineering, Compliance, and Legal teams.
• Translate market and trading requirements into actionable product and technology initiatives.
• Work with engineering and product teams to improve trading systems, execution capabilities, analytics, and market connectivity.
• Collaborate with compliance and legal teams to ensure trading strategies and activities operate within applicable regulatory frameworks.
• Help establish best practices and operating standards as BitGo continues to scale its institutional trading business

What We’re Looking For

• Experience & Qualifications:
• 8+ years of professional derivatives trading experience within a leading bank, hedge fund, proprietary trading firm, market maker, asset manager, or digital asset trading organization.
• Demonstrated track record of successfully trading derivatives and managing risk through multiple market cycles.
• Deep expertise across derivatives markets, including futures, perpetuals, options, volatility, basis, and structured products.
• Extensive understanding of market structure, liquidity, pricing, execution, hedging, and risk management.
• Proven ability to independently develop and execute sophisticated trading strategies.
• Strong quantitative and analytical skills with the ability to interpret complex market data and translate insights into actionable trading decisions.
• Deep understanding of digital asset markets, market microstructure, and institutional trading dynamics.
• Demonstrated experience managing significant trading risk and capital.
• Bachelor's degree in Finance, Economics, Mathematics, Computer Science, Engineering, or a related field preferred.
• Leadership & Operating Style:
• Senior, highly experienced trading professional with exceptional judgment and decision-making ability.
• Proven ability to operate independently and make high-conviction decisions in fast-moving and high-pressure environments.
• Strong risk mindset with a demonstrated history of disciplined capital and exposure management.
• Strategic thinker who can connect market opportunities to broader business objectives.
• Highly analytical, intellectually curious, and comfortable navigating complex and ambiguous market environments.
• Strong communicator capable of influencing senior leadership and collaborating across technical and business functions.
• Natural leader who can mentor traders and contribute to building a high-performing trading organization.
• High integrity and sound judgment when managing significant risk and capital.
• Passionate about financial markets, trading, and the continued evolution of digital assets

Nice To Have

• 10+ years of derivatives trading experience within a leading financial institution, hedge fund, proprietary trading firm, or market maker.
• Significant experience trading crypto-native derivatives, including perpetual futures and options.
• Deep institutional relationships across exchanges, market makers, liquidity providers, hedge funds, and other digital asset participants.
• Experience building or scaling a derivatives trading desk, trading strategy, or institutional trading business.
• Experience with market making, arbitrage, basis trading, volatility trading, relative value, or systematic strategies.
• Strong programming, quantitative modeling, or data analysis skills, particularly Python.
• Experience with algorithmic trading, automated execution, or electronic market-making infrastructure.
• Experience evaluating and onboarding new exchanges, counterparties, liquidity providers, or trading venues.
• Experience working within a regulated financial institution or institutional trading environment.
• Demonstrated experience mentoring and developing junior traders or building high-performing trading teams.
• Why Join BitGo?
• Disrupting an industry takes vision, innovation, passion, technical chops, drive to deliver, collaboration
• execution. Join a team of great people who strive for excellence and personify our corporate values of ownership, craftsmanship
• open communication. We are looking for exceptional trading professionals who bring innovative ways of thinking and problem solving
• who want to be part of the team that changes the world’s financial markets.
• Pay Transparency Notice: Depending upon your leveling and location, the compensation for this role averages between $175,000 - $215,000 USD base salary. Equity, an annual performance bonus and the benefits outlined below are also a part of this role's package.