Portfolio Manager

CoinShares Asset Management is seeking a Portfolio Manager to join its team in Paris. As a Portfolio Manager, you will manage Alternative Investment Funds (AIFs) and Separately Managed Accounts (SMAs) dedicated to professional investors, with a focus on crypto-assets, tokenized assets, and decentralized finance (DeFi). You will play a central role in building CoinShares' on-chain asset management capability, from strategy design and smart-contract-based execution to risk monitoring of DeFi protocols and tokenized real-world assets. You will report to the Senior Portfolio Manager and CEO.

What you'll do

• Manage the day-to-day operations of AIFs and SMAs in line with their investment policies, risk limits, and applicable regulatory constraints (AIFMD, MiFID II, MiCAR), including review of daily NAVs and position reconciliations with the fund administrator and valuer
• Contribute to investor, audit, and regulatory reporting and produce risk reports
• Research, back-test, and implement new systematic strategies based on derivatives, crypto-assets, tokenized assets, and DeFi protocols
• Design and operate on-chain portfolio management workflows: smart-contract interactions, wallet and custody setup with qualified custodians, transaction monitoring, and on-chain execution controls
• Assess DeFi protocols and tokenized assets before investment, evaluating smart-contract, oracle, liquidity, counterparty, and governance risks, and monitor them on an ongoing basis
• Build and maintain production-grade tools including data pipelines, signal generation, portfolio construction, and pre-trade and post-trade controls, working with the group development team
• Participate in expanding the alternative and on-chain investment offering
• Work closely with the risk, compliance, research, development, and marketing teams of CoinShares Asset Management and the CoinShares Group
• Apply CoinShares' compliance framework on a day-to-day basis, including best execution, conflicts of interest, personal transactions, and prevention of market abuse

What you bring

• A Master's degree or PhD from a leading institution in a quantitative discipline such as Mathematics, Physics, Computer Science, or Finance
• A minimum of 5 years of significant experience 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 back-testing and optimizing systematic strategies, including robust out-of-sample validation, transaction-cost modelling, and relevant performance and risk KPIs
• Advanced Python programming skills and software-engineering good practice such as version control, testing, code review, and SQL
• A strong understanding of crypto-asset and derivatives markets, including futures, options, perpetual swaps, and their market microstructure
• In-depth understanding of blockchains, smart contracts, decentralized exchanges, lending protocols, staking, stablecoins, and tokenized real-world assets
• Good knowledge of the regulatory framework applicable to asset management and crypto-assets, including AIFMD, MiFID II, and MiCAR; the AMF professional certification is required
• Rigour, integrity, and a spirit of initiative
• Curiosity, self-motivation, and a critical mind
• Fluent English

Nice to have

• Hands-on experience with blockchain development tooling and reading and interacting with smart contracts
• Experience in data science and machine learning
• French language skills

About CoinShares

CoinShares Asset Management is a French asset management company (société de gestion de portefeuille) authorised by the Autorité des Marchés Financiers as an AIFM with MiFID II permissions and authorization as a crypto-asset service provider under MiCAR. The Portfolio Management team develops and manages traditional funds and crypto-asset mandates, building out on-chain asset management offerings that combine strict portfolio management with the opportunities of digital assets and blockchain technology.