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Grove Labs - Head of Trading & Market Structure

Role overview

Qualifications

  • Experience in trading and market structure within blockchain or financial markets
  • Strong understanding of market-neutral and delta-neutral strategies
  • Proficiency in managing trading operations and risk controls
  • Ability to collaborate with engineering and multidisciplinary teams

Responsibilities

  • Own the basis book: define trade selection, sizing, and maintain near-zero net delta
  • Execute across venues (CME, regulated venues, major CEX/DEX), managing routing and slippage control
  • Optimize collateral financing across USD, stablecoins, and liquid RWAs
  • Monitor vault health end-to-end: TVL, utilization, yield vs targets

About the company

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Job description

Who We Are

Grove Labs — a subsidiary of Steakhouse Financial — is a blockchain research and development organization focused on next-generation decentralized credit infrastructure. It designs and builds the Grove Protocol, an institutional-grade credit platform that acts as a liquidity engine for decentralized finance and a capital bridge between DeFi and traditional markets. The team is multidisciplinary, working across credit, engineering, risk, and governance to shape the future of institutional DeFi.

Role Overview

As Head of Trading & Market Structure, you will be responsible for developing and operating trading activities where active market participation supports Steakhouse’s asset management, vault, and risk businesses. The initial focus is running market-neutral and delta-neutral strategies — including basis and funding capture — across centralized venues and on-chain infrastructure. You will help define standards for how trading capital is deployed, how risk is measured and controlled, and how trading integrates with underwriting, product design, and engineering.

Responsibilities

  • Own the basis book: define trade selection, sizing, guardrails, and maintain near-zero net delta.

  • Choose the best hedges (dated futures vs perps vs forwards), and manage term structure, rolls, and funding-rate regimes with clear attribution.

  • Execute across venues (CME, regulated venues, major CEX/DEX), managing routing, slippage control, and incident playbooks.

  • Optimize collateral & financing across USD, stablecoins, and liquid RWAs (e.g., T-bill wrappers), balancing yield, haircuts, and liquidity.

  • Define strategy parameters and risk inputs for delta-neutral vaults on decentralized infrastructure, turning internal strategies into on-chain products with defined risk/return profiles.

  • Work with engineering to specify vault logic, allocation rules, rebalancing cadence, fee structures, and risk limits; ensure robust implementations.

  • Monitor vault health end-to-end: TVL, utilization, yield vs targets, model deviations, and interactions between on-chain and off-chain hedging.

  • Establish and maintain controls: real-time delta tracking, margin buffers, kill switches, circuit breakers, and alerting for 24/7 markets.

  • Quantify performance: daily PnL (carry/funding, costs, slippage), stress tests, capacity analysis, and vault-level risk reporting.

  • Coordinate with engineering, risk, operations, legal/compliance, custody/prime partners, and vault infrastructure partners; maintain documented runbooks and audit-ready processes.

  • Continuously refine execution models, collateral routing, data-driven sizing, and vault designs to improve net capture after frictions and fees.

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MR

Marcus Rivera

Chief Revenue Officer

m.rivera@company.com
linkedin.com/in/marcusrivera
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