Our Culture
CoinShares is an innovative, agile and ambitious organisation. We strive for excellence in everything we do. We are a high performance culture with a focus on:
- Professional and personal integrity
- Curiosity and a deep learning mindset
- Transparency
- Teamwork and collaboration
CoinShares is strongly committed to diversity and inclusion and warmly welcomes candidates from all backgrounds.
The Team
The CoinShares Asset Management (CS AM) Portfolio Management team is a dynamic and innovative group that develops and manages traditional funds and crypto-asset mandates. It is also building out CoinShares’ on-chain asset management offering.
The team works closely with CoinShares’ Research, Quant, IT, Marketing and Sales teams. Together they design investment solutions that combine strict portfolio management with the opportunities of digital assets and blockchain technology. Its work is central to the growth of the group’s asset management business and to its ambition to shape the future of on-chain investment.
Role Profile
CoinShares Asset Management (“CS AM”), a French asset management company (société de gestion de portefeuille) authorised by the Autorité des Marchés Financiers under number GP- 19000015 as an AIFM, with MiFID II top-up permissions and authorisation as a crypto-asset service provider under MiCAR, is seeking a talented and experienced Portfolio Manager to join its team in Paris.
The primary responsibilities of the Portfolio Manager will be portfolio and risk management for Alternative Investment Funds (“AIFs”) and Separately Managed Accounts (“SMAs”, i.e. discretionary portfolio management mandates) dedicated to professional investors, with a particular focus on crypto-assets, tokenized assets and decentralised finance (“DeFi”).
You will also play a central role in building CS AM’s on-chain asset management capability, from strategy design and smart-contract-based execution to the risk monitoring of DeFi protocols and tokenized real-world assets. In this role, you will report to the Senior Portfolio Manager and CEO.
Responsibilities
As a Portfolio Manager, your duties and responsibilities will include the following:
- Ensuring the day-to-day management of the AIFs and SMAs in line with their investment policies, risk limits and applicable regulatory constraints (AIFMD, MiFID II, MiCAR), including the review of daily NAVs and position reconciliations with the fund administrator and the valuer.
- Contributing to investor, audit and regulatory reporting and producing risk reports.
- Researching, back-testing and implementing new systematic strategies based on derivatives, crypto-assets, tokenized assets and DeFi protocols.
- Designing and operating on-chain portfolio management workflows: smart-contract interactions, wallet and custody set-up with qualified custodians, transaction monitoring and on-chain execution controls.
- Assessing DeFi protocols and tokenized assets before any investment (smart-contract, oracle, liquidity, counterparty and governance risks) and monitoring them on an ongoing basis.
- Building and maintaining production-grade tools (data pipelines, signal generation, portfolio construction, pre-trade and post-trade controls) together with the group development team.
- Participating in the expansion of the alternative and on-chain investment offering.
- Working closely with the risk, compliance, research, development and marketing teams of CS AM and the CoinShares Group.
- Applying CS AM’s compliance framework on a day-to-day basis, notably best execution, conflicts of interest, personal transactions and the prevention of market abuse.
Skills & Qualifications
To be considered for this role, you should possess the following qualifications, skills and experience:
- Master’s degree or PhD from a leading institution in a quantitative discipline (e.g.Mathematics, Physics, Computer Science) or Finance.
- Significant experience (minimum 5 years) as a Portfolio Manager within an asset management company, ideally managing collective investment schemes (AIFs and/or UCITS).
- Strong mathematical and quantitative analysis skills, with proven experience in the back-testing and optimisation of systematic strategies (robust out-of-sample validation, transaction-cost modelling, relevant performance and risk KPIs).
- Advanced Python programming skills and software-engineering good practice (version control, testing, code review, SQL); experience in data science and machine learning is a plus.
Core Skills
- Hands-on experience with blockchain development tooling and with reading and interacting with smart contracts is a strong plus.
- Strong understanding of crypto-asset and derivatives markets, including futures, options perpetual swaps and their market microstructure.
- In-depth understanding of blockchains, smart contracts, decentralised exchanges, lending protocols, staking, stablecoins and tokenized real-world assets.
- Good knowledge of the regulatory framework applicable to asset management and crypto-assets (AIFMD, MiFID II, MiCAR); the AMF professional certification is required.
- Rigour, integrity, a spirit of initiative.
- Curiosity, self-motivation and a critical mind.
- Fluent English is required; French is a plus.
