Head of Derivatives Quant

  • BitMEX
  • Hong Kong
  • Aug 22, 2021
Full time Finance Product Quantitative Strategy

Job Description

BitMEX is the world’s leading cryptocurrency derivatives trading platform, which has pioneered cryptocurrency trading through relentless commitment to change, and continues to set benchmarks for innovation, liquidity, and security today.

As the world's most advanced peer-to-peer crypto-products trading platform and API, BitMEX gives knowledge, confidence, and precision to hundreds of thousands of traders, transacting billions of USD a day.

Join us, as we build a thriving cryptocurrency ecosystem through strategic investments in emerging cryptocurrency technology, and create the future of digital financial services.

Overview

The Financial Products team manages the full product range on the BitMEX platform. This includes responsibilities for maintaining the existing range of products, optimising the existing product mix through data driven decisions and designing and rolling out new products aimed at increasing and diversifying our client base and revenues.  

This role will be a senior position in the global Quant team within Financial Products. The successful candidate will help to develop the quant team as they build out pricing libraries, design and implement new methods of margining and participate in projects to expand the 100/x offering beyond derivatives.  You will work closely with the Technology team to prioritise and direct the implementation of the team’s libraries and designs.  With the team, you will also be expected to suggest, research and implement tactical improvements to the platform in collaboration with the Structuring team and other stakeholders.

Responsibilities

  • Responsible for developing a growing team of quants
  • Taking the lead, or working with other team members on target projects including:
    • The building and development of (non-linear) derivative pricing libraries
    • Designing and developing a margining system architecture that incorporates both portfolio margining as well as a pre-defined initial / maintenance margin
    • Developing existing and designing new index methodologies
    • Multi currency margining
    • Exchange traded options
    • Structured Products
    • Proprietary Index design and testing
       
  • Helping the team to ensure:
    • Maintenance/industrialisation (leveraging Technology resources) of existing quantitative tools and reporting, such as simulator tools, exchange monitors, index rabalanings
    • Documenting all proposed production changes
    • Assisting Financial Products team members with product launches & adjustments 

Skills required

  • 10+ years experience as a derivatives quant across multiple asset classes. Crypto Futures & Options experience a plus
  • Deep experience of working within / alongside
  • Strong background in options, risk management, mathematics, stochastic calculus and numerical methods
  • Knowledge of index construction, algorithm design, exchange functionality, margining and market structure
  • Demonstrated ability to innovate and iteratively refine quantitative processes
  • Strong communication skills; breaking down complex problems into simple concepts
  • Ability to own the relationship between the quant team and stakeholders
  • Experience leading projects across multiple departments