About Paxos
Paxos is on a mission to enable the movement of any asset, any time, in a
trustworthy way. Today's financial infrastructure is archaic, expensive,
inefficient and risky - supporting a system that leaves out more people than
it lets in. So we're rebuilding it.
As a regulated blockchain infrastructure company, we use technology to
tokenize, custody, trade, and settle assets for enterprise clients like
PayPal, Bank of America, and Interactive Brokers. Paxos is a top-funded
blockchain company, with more than $500 million in total funding from leading
investors like OakHC/FT, Founders Fund, PayPal Ventures, and Declaration
Partners. Together, we empower today's financial leaders to build a more open,
trusted economy.
The Head of Portfolio Management for Paxos will devise and implement
investment strategies and processes to meet regulatory and client goals and
constraints, make decisions on what and when to buy and sell investments, work
with business development and product teams to ensure product market fit and
roadmap efficiency, work with regulators to explain Paxos' products and
controls, and face external clients to serve as the face of Paxos' efforts on
the financial side.
As a Head of Portfolio Management, you'll get to:
Oversee allocation decisions on over $20B of portfolio reserves in
accordance with the Paxos portfolio management mandates and legal
restrictions within the NYDFS stablecoin issuance framework
Manage Treasury team engaged in multiple activities:
Payments to external parties
Trading activity for reserves
Overnight and weekend liquidity management
Bank counterparty credit risk evaluation
Face external bank counterparties to establish Paxos credibility,
including:
Institutional trading partners
Traditional bank counterparties for deposits and payment activities
Engage with core partners on Paxos Stablecoin-As-A-Service (SaaS)
offering
Face senior members of prospective clients as part of sales cycle as well
as provide strategic and risk advice to current customers
Ensure orderly functioning of liquidity
Work with regulatory and compliance teams on communication and policy
materials to ensure disclosures and statements consistent with regulatory
guidance
Partner with Paxos product development teams to build stablecoin and
banking partnerships roadmap and technology stack
Provide education and coaching to business development team for stablecoin
products
Face major customers to explain the Paxos offering with regard to ongoing
practices, risk management, regulatory framework and portfolio management
decisions
Present and build materials for presenting the Paxos stablecoin offering
to key clients
Write for the Paxos blog and engage, as appropriate, with the press to
explain Paxos offerings in the space
Engage with the DeFi partnerships team to scope and build proposals for
distribution of Paxos products
Work with the OTC trading desk to facilitate relationships with trading
partners for Paxos' offerings
Administer the Paxos risk processes around the portfolio and financial
risk
Participate as necessary in board meetings and presentations to key
stakeholders
Lead or participate in meetings with regulators on Paxos portfolio
management practices, risk controls around stablecoin products and general
crypto ecosystem knowledge distribution
Educate regulators on specific policy implications and crypto ecosystem
knowledge
Partner with legal and marketing teams to deliver Paxos message to key
legislative staff, regulatory policy groups, and trade groups
Your experience should include:
Bachelor's degree (or foreign education equivalent) in Finance,
Economics, Accounting, Statistics, Business Administration, Mathematics,
or a closely related field
15+ years of experience in trading, structuring, or portfolio management
roles in traditional financial markets or related fields
Experience trading short term interest rate instruments; t-bills,
overnight repos backed by treasuries.
You might also have demonstrated expertise in:
managing fixed income portfolios and understanding interest rate, credit
and liquidity risk.
performing portfolio construction and risk management including, bet
sizing and managing sector, position sizing, and liquidity exposure, using
quantitative, qualitative, and/or statistical models for screening,
analysis, and adhering to portfolio characteristics.
evaluating portfolio risk and developing and producing reports, stress
scenarios, and contingency plans to effectively monitor, communicate, and
help the portfolio management and trading teams manage these risks while
also communicating upwards to the executive team and the board.
traditional financial markets trading, using industry standard tools like
Bloomberg, Tradeweb, etc. and marking portfolios as well as managing basic
reporting of positions and income.
speaking with external stakeholders in the regulatory space, including
conveying risk and control procedures, portfolio management process, and
advising on appropriate regulatory structures, actions, and disclosures
speaking with clients, including acting as a Subject Matter Expert (SME)
on portfolio management during engagements to pitch company products,
ongoing due diligence with partners, and overall market posture
public speaking as an SME on stablecoins and crypto market structure,
including at industry conferences, public events, with the media, and
academic forums
managing teams in financial markets, including teams managing financial
risks, portfolios, and trading positions effectively through multiple
market regimes with an emphasis on risk control and portfolio stability
What you'll love about Paxos:
Paxos has consistently been recognized on the Forbes Fintech 50, CB Insights
Blockchain 50 and Built In's “Best Places to Work” lists. Paxonians have
significant ownership and impact on our business, as well as benefits like
company equity, health insurance, family leave, a quarterly stipend for
development, a stipend for home office setup and unlimited PTO. From team
product demos and virtual lounge and learns to care packages and an active
Slack #shoutouts channel, there are countless opportunities to connect and
make your mark. Help us continue to build a new, open financial system from
one of our three offices or right from your home!
Learn more:
Company
Web 3.0 Is Still the Place to Be
A Conversation with Paxos Product Leaders
Paxos Raises $300M in Series D Funding at 2.4B Valuation
Customers
Paxos & PayPal Bring Crypto to Millions of Users
Mercado Libre Reaches 1M+ Users in 60 Days With Paxos
Paxos Was Built to Protect its Customers
Media
CNBC Crypto World Interviews Paxos CEO on USDP stablecoin
Paxos CEO Charles Cascarilla's Perspectives on the Current State of the
Global Economy
Yahoo Finance Interviews Paxos CEO on Testimony to U.S. Congress and
Stablecoin Infrastructure
Our Paxos team is made up of passionate people from all over the world with
different perspectives and experiences. If this opportunity excites you, but
your experience doesn't perfectly match the description…apply! Unique voices
help us build a more transparent and open economy.
#LI-NG1
#LI-remote
