Full-Time
Old Mission
51-200 employees
Global market maker for illiquid ETFs
No salary listed
Mid, Senior
Chicago, IL, USA
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- 2-5 years of relevant work experience with a trading firm, bank, or related financial institution
- Outstanding organizational skills, emphasizing the ability to prioritize and pivot to shifting priorities on demand in a fast-paced environment
- Sound judgement, professionalism, and discretion
- Must be diligent and meticulous, with a strong focus and attention to detail
- Bachelor’s degree in relevant field
- Exceptional written and verbal communication skills with demonstrated experience facing institutional clients
- Ability to work and succeed independently as well as in a team environment
- Onboard institutional clients and counterparties, including annual KYC and account maintenance
- Respond to external onboarding and periodic KYC refresh requests
- Strive to continuously improve the Firm’s onboarding and KYC refresh processes
- Maintain counterparty metadata in the Firm’s proprietary database and other third-party platforms
- Conduct ongoing monitoring of existing counterparties, including investigating and responding to KYC alerts (e.g., PEP status, negative news, sanctions, etc.)
- Ensure all sensitive and confidential information is handled in accordance with Old Mission’s policies
- Keep abreast of changes in regulations impacting counterparty relations, communications, and document retention
- Apply critical thinking and problem-solving skills to prioritize workload and maximize efficiency
- Review existing compliance practices against regulatory requirements and industry best practices
Old Mission operates as a market maker that focuses on providing liquidity for complex and hard-to-price exchange-traded funds (ETFs). The company facilitates the buying and selling of these financial products, which are often less liquid and more challenging to trade than standard ETFs. By doing so, Old Mission helps large institutions manage and transfer financial risk effectively. What sets Old Mission apart from its competitors is its emphasis on a collaborative and approachable team, which includes traders and technologists who prioritize strong relationships and problem-solving. The company's goal is to maintain a high level of service while ensuring that the interests of both clients and employees are aligned for long-term success.
Company Size
51-200
Company Stage
Private
Total Funding
N/A
Headquarters
Chicago, Illinois
Founded
2008
Simplify's Take
What believers are saying
- Rising demand for ESG-focused ETFs aligns with Old Mission's expertise in illiquid ETFs.
- AI-driven trading algorithms offer opportunities for improved pricing strategies.
- Thematic ETFs' popularity allows Old Mission to expand market-making in niche areas.
What critics are saying
- Increased competition in ETF market-making could pressure Old Mission's margins.
- DeFi platforms offer alternative liquidity solutions, threatening traditional market makers.
- Regulatory scrutiny on high-frequency trading may impact Old Mission's operations.
What makes Old Mission unique
- Old Mission specializes in illiquid ETFs, providing unique market-making services.
- The company has a collaborative team focused on long-term client and employee interests.
- Old Mission's human-centric approach enhances service and problem-solving capabilities.
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Benefits
Competitive Salary
Discretionary bonus
Top tier Medical, Dental, Vision, Disability and Life Insurance paid for by the firm
401(k) with employer match
Full stocked kitchen, free breakfast and lunch everyday on-site
Tuition reimbursement
Flexible Spending Plan
Commuter Benefit Program
Company News
OLD Mission Capital LLC acquired a new stake in WisdomTree Emerging Markets Quality Dividend Growth Fund in the fourth quarter worth $2,431,000.
Finally, OLD Mission Capital LLC purchased a new stake in Cadeler A/S in the fourth quarter worth about $435,000.
Finally, OLD Mission Capital LLC purchased a new stake in Schwab Fundamental Emerging Markets Large Company Index ETF in the 4th quarter valued at about $22,872,000.
OLD Mission Capital LLC acquired a new stake in Bilibili in the first quarter worth $14,849,000.
OLD Mission Capital LLC invests $4.67 million in International Flavors & Fragrances Inc. (NYSE:IFF).