Portfolio Management - Associate
About 21Shares
21Shares makes investing in digital assets as easy as buying shares using your conventional broker or bank. Investors can purchase our crypto ETPs easily, safely and securely in a regulated framework on the SIX Swiss Exchange in USD, Euros and GBP, on BX Swiss in CHF, on Boerse Stuttgart in Euros, on DB Xetra as well as Wiener Boerse ( Vienna Exchange) in Euros. We offer the most expansive suite of crypto ETPs available on regulated European exchanges.
Founded in 2018, 21Shares is led by a team of talented entrepreneurs and experienced professionals from the asset management and banking industry. Headquartered in Zurich, the company has launched several exchange-traded products such as NEAR and ONDO in the last twelve months
About the role
21Shares is seeking a highly motivated Associate to join the Portfolio Management team. The role involves designing, developing, and managing both passive and active ETF investment strategies. Additionally, the Associate will be responsible for monitoring ETF-specific primary and secondary markets, including spreads, trading volumes, and overall liquidity. In this position, you will leverage your expertise in cryptocurrency, financial products, and client portfolios to deliver comprehensive investment solutions.
Key Responsibilities
- Assist the portfolio manager in the day-to-day management and rebalancing of the 21Shares US product suite.
- Execute and oversee creation/redemption orders for both in-kind and in-cash ETFs, requiring OTC trading of crypto assets.
- Backtest and evaluate investment strategies for new ETFs, including those involving spot, futures, and options.
- Develop research materials and market reports to support investment decisions and serve as content to share with clients.
- Analyze portfolio positioning, performance attribution, risk exposures, and key drivers of returns.
- Providing ETF surveillance by monitoring day-to-day market quality of ETF products including volume, primary market flows, and spreads.
- Work closely with market participants, including Authorized Participants, Lead Market Makers, and Market Makers, while liaising with internal teams at 21Shares to handle requests from clients and the sales team.
- Assisting in the launch of new products, ensuring strong execution and stakeholder management.
Qualifications
- 2+ years of experience in portfolio management, sales and trading, or a related financial services experience.
- Essential coding skills in Python and SQL; experience with Bloomberg and Excel (VBA or other programming languages is a plus).
- Experience or knowledge in derivatives portfolio management, including futures and options, along with understanding of rebalancing multi-asset ETFs.
- Practical experience trading crypto assets and a strong understanding of blockchain technology, and the unique characteristics of crypto assets and their market dynamics.
- Ability to collaborate effectively across departments, including compliance, legal, capital markets, operations, sales, and marketing.
- Enthusiasm for learning new topics and adapting in a rapidly evolving crypto investment landscape.
This role is based in New York, and will be expected to work from either our New York office in a hybrid model Monday - Wednesday.
Pursuant to Section 8-102 of title 8 of the New York City administrative code, the base salary range for this role is $100,000 - $150,000. Total compensation packages are based on a wide array of factors unique to each candidate, including but not limited to skill set, years & depth of experience, certifications and specific office location. This may differ in other locations due to cost of labor considerations.
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